REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD |
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14 MARCH 2019 TO 31 DECEMBER 2019 |
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FOR |
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RUBENS HOLDINGS LIMITED |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD |
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14 MARCH 2019 TO 31 DECEMBER 2019 |
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FOR |
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RUBENS HOLDINGS LIMITED |
RUBENS HOLDINGS LIMITED (REGISTERED NUMBER: 11883167) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the period 14 March 2019 to 31 December 2019 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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RUBENS HOLDINGS LIMITED |
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COMPANY INFORMATION |
for the period 14 March 2019 to 31 December 2019 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Magma House |
16 Davy Court |
Castle Mound Way |
Rugby |
CV23 0UZ |
RUBENS HOLDINGS LIMITED (REGISTERED NUMBER: 11883167) |
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BALANCE SHEET |
31 December 2019 |
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Notes | £ |
FIXED ASSETS |
Investments | 4 |
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CURRENT ASSETS |
Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 5 | ( |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
6 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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RUBENS HOLDINGS LIMITED (REGISTERED NUMBER: 11883167) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the period 14 March 2019 to 31 December 2019 |
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1. | STATUTORY INFORMATION |
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Rubens Holdings Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
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The financial statements are presented in Sterling (£). |
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Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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Financial instruments |
(i) Financial assets |
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Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes as financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. |
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Such assets are subsequently carried at amortised cost using the effective interest rate method. |
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(ii) Financial liabilities |
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Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. |
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Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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RUBENS HOLDINGS LIMITED (REGISTERED NUMBER: 11883167) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 14 March 2019 to 31 December 2019 |
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4. | FIXED ASSET INVESTMENTS |
Other |
investments |
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COST |
Additions |
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At 31 December 2019 |
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NET BOOK VALUE |
At 31 December 2019 |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Bank loans and overdrafts |
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Other creditors |
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6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Bank loans |
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7. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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£ |
Bank loans |
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The company's loan from Barclays bank are secured by both a fixed and floating charge on the company's assets. The loan is also secured on a residential property owned by the director. |
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8. | POST BALANCE SHEET EVENTS |
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Since the balance sheet date the world has suffered a COVID-19 outbreak, and volatility in the markets as a result. |
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The director has considered the effect this may have had on the company, and although unclear what impact this has had on the industry, they are informed by the Government's guidance that the issue will be time limited. |
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The director has assessed the above and consider the company to be a going concern. |