Company Registration No. 13189325 (England and Wales)
Rapid Company Holdings Limited
Unaudited accounts
for the period from 9 February 2021 to 28 February 2022
Rapid Company Holdings Limited
Unaudited accounts
Contents
Rapid Company Holdings Limited
Company Information
for the period from 9 February 2021 to 28 February 2022
Directors
Simon Shah
Adam Stratton
Company Number
13189325 (England and Wales)
Registered Office
Alma Street
Reading
Berkshire
RG30 1JS
UNITED KINGDOM
Rapid Company Holdings Limited
Statement of financial position
as at
28 February 2022
Called up share capital
100
Shareholders' funds
1,650,004
For the period ending 28 February 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 October 2022 and were signed on its behalf by
Simon Shah
Director
Company Registration No. 13189325
Rapid Company Holdings Limited
Notes to the Accounts
for the period from 9 February 2021 to 28 February 2022
Rapid Company Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 13189325. The registered office is Alma Street, Reading, Berkshire, RG30 1JS, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
In the opinion of the director, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts.
Investments in shares are included at fair value.
Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of financial statements in compliance with FRS 102 Section 1A requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting polices. In preparing these financial statements, the directors [have made the following judgements:
Determine whether there are indicators of impairment of the company's investments. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit.
Rapid Company Holdings Limited
Notes to the Accounts
for the period from 9 February 2021 to 28 February 2022
4
Investments
Subsidiary undertakings
Valuation at 9 February 2021
-
Valuation at 28 February 2022
1,650,000
On 15 April 2021 the company acquired 100% of the ordinary share capital of Rapid Personnel Limited ('RPL') under a share for share exchange. RPL provides temporary employment agency services and its registered office is Alma Street, Reading, Berkshire, United Kingdom, RG30 1JS.
Following the above share for share exchange, on 15 April 2021, RPL transferred 100% of the share capital it held in Info-Site Limited ('ISL') to Rapid Company Holdings Limited for nil consideration.
Once the transfer above was completed, on 15 April 2021, the company disposed of the entire share holding in ISL via a share for share exchange to Info-Site Holdings Limited.
Amounts falling due within one year
Allotted, called up and fully paid:
50 Class A Ordinary shares of £1 each
50
50 Class B Ordinary shares of £1 each
50
Shares issued during the period:
50 Class A Ordinary shares of £1 each
50
50 Class B Ordinary shares of £1 each
50
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
8
Average number of employees
During the period the average number of employees was 2.