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Report of the Directors and |
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Unaudited Financial Statements |
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for the Period 27 October 2021 to 31 December 2022 |
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R&R Asset Holdings Ltd |
REGISTERED NUMBER:
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Report of the Directors and |
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Unaudited Financial Statements |
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for the Period 27 October 2021 to 31 December 2022 |
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for |
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R&R Asset Holdings Ltd |
R&R Asset Holdings Ltd (Registered number: 13706695) |
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Contents of the Financial Statements |
for the Period 27 October 2021 to 31 December 2022 |
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Company Information | 1 |
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Report of the Directors | 2 |
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Balance Sheet | 3 |
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Notes to the Financial Statements | 4 |
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R&R Asset Holdings Ltd |
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Company Information |
for the Period 27 October 2021 to 31 December 2022 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Cherry Tree Barn |
Walcot Lane |
Drakes Broughton |
Pershore |
Worcestershire |
WR10 2AL |
R&R Asset Holdings Ltd (Registered number: 13706695) |
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Report of the Directors |
for the Period 27 October 2021 to 31 December 2022 |
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The directors present their report with the financial statements of the company for the period 27 October 2021 to 31 December 2022. |
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INCORPORATION |
The company was incorporated on 27 October 2021 . |
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PRINCIPAL ACTIVITY |
The principal activity of the company in the period under review was that of rental property. |
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DIRECTORS |
The directors who have held office during the period from 27 October 2021 to the date of this report are as follows: |
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Both the directors who are eligible offer themselves for election at the forthcoming first Annual General Meeting. |
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STATEMENT OF DIRECTORS' RESPONSIBILITIES |
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations. |
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Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to: |
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- | select suitable accounting policies and then apply them consistently; |
- | make judgements and accounting estimates that are reasonable and prudent; |
- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
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The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
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This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
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ON BEHALF OF THE BOARD: |
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R&R Asset Holdings Ltd (Registered number: 13706695) |
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Balance Sheet |
31 December 2022 |
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Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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The directors acknowledge their 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 Board of Directors and authorised for issue on
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R&R Asset Holdings Ltd (Registered number: 13706695) |
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Notes to the Financial Statements |
for the Period 27 October 2021 to 31 December 2022 |
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1. | STATUTORY INFORMATION |
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R&R Asset Holdings Ltd is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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These accounts have been prepared on the going concern basis, on the understanding that the Director will continue to financially support the Company. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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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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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was NIL. |
R&R Asset Holdings Ltd (Registered number: 13706695) |
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Notes to the Financial Statements - continued |
for the Period 27 October 2021 to 31 December 2022 |
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | and |
property | fittings | Totals |
£ | £ | £ |
COST |
Additions |
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At 31 December 2022 |
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DEPRECIATION |
Charge for period |
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At 31 December 2022 |
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NET BOOK VALUE |
At 31 December 2022 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
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Other creditors |
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7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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As at the end of the financial year, the company owed it's directors £214,050. |