RODEN PARK (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Roden Park (Holdings) Limited (company number 12331859) is a private limited company, limited by shares, incorporated in England and Wales, with its registered office and principal place of business at Ercall Park, High Ercall, Telford, Shropshire, TF6 6AU.
The Company was incorporated on 25 November 2019 and has not traded from then until 31 December 2022.
The comparative figures relate to the year ended 31 December 2021.
2.Accounting policies
|
|
Basis of preparation of financial statements
|
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The Company has negative reserves as at 31 December 2022. After making enquiries, the Directors have confirmed in writing that they will continue to support the operations of the Company for the foreseeable future to enable it to continue as a going concern, and the Accounts have therefore been prepared on a going concern basis.
Investments in subsidiaries are measured at cost less accumulated impairment.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
|