Registration number:
R&R Asset Management Ltd
for the Year Ended 31 August 2021
R&R Asset Management Ltd
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
R&R Asset Management Ltd
Company Information
Directors |
Lord RS Ranger CBE Lady R Ranger Hon Sabina Ranger |
Registered office |
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Accountants |
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R&R Asset Management Ltd
(Registration number: 09101090)
Balance Sheet as at 31 August 2021
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2021 |
2020 |
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fixed assets |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
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Net assets |
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capital and reserves |
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Called up share capital |
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Fair value reserve |
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Profit and loss account |
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Total equity |
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For the financial year ending 31 August 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
R&R Asset Management Ltd
(Registration number: 09101090)
Balance Sheet as at 31 August 2021
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R&R Asset Management Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2021
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
United Kingdom
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
R&R Asset Management Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2021
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Investments |
2021 |
2020 |
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Investments in subsidiaries |
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Investments in associates |
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R&R Asset Management Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2021
Subsidiaries |
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Cost or valuation |
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At 1 September 2020 |
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Carrying amount |
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At 31 August 2021 |
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At 31 August 2020 |
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Associates |
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Cost |
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At 1 September 2020 |
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Disposals |
( |
At 31 August 2021 |
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Carrying amount |
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At 31 August 2021 |
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At 31 August 2020 |
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Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2021 |
2020 |
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Subsidiary undertakings |
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Sun House, 428 Long Drive, Greenford, Middlesex, United Kingdom, UB6 8UH England and Wales |
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Sun House, 428 Long Drive, Greenford, United Kingdom, UB6 8UH England and Wales |
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R&R Asset Management Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2021
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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Sun House, 428 Long Drive, Greenford, United Kingdom, UB6 8UH England and Wales |
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Associates |
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Noke Hotel, Watford Road, St. Albans, England, AL2 3DS |
ordinary shares |
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England and Wales |
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Noke Hotel, Watford Road, St. Albans, England, AL2 3DS |
ordinary shares |
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England and Wales |
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65-67 Clarendon Road, Watford, England, WD17 1DS |
ordinary |
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England and Wales |
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Noke Hotel, Watford Road, St. Albans, England, AL2 3DS |
ordinary shares |
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England & Wales |
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13 The Avenue, London, England, W13 8JR |
ordinary shares |
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England & Wales |
Subsidiary undertakings |
R&R (Watford) Ltd The principal activity of R&R (Watford) Ltd is |
R&R (Greenford) LTD The principal activity of R&R (Greenford) LTD is |
R&R (Mayfair) Ltd The principal activity of R&R (Mayfair) Ltd is |
Associates |
Sarr Hotels Noke Ltd The principal activity of Sarr Hotels Noke Ltd is |
R&R Asset Management Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2021
Sarr Investments Ltd The principal activity of Sarr Investments Ltd is |
Sarr Heathrow Ltd The principal activity of Sarr Heathrow Ltd is |
Sarr Management Ltd The principal activity of Sarr Management Ltd is |
RM2 Developments The principal activity of RM2 Developments is |
debtors |
Current |
Note |
2021 |
2020 |
Trade debtors |
- |
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Amounts owed by related parties |
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Other debtors |
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R&R Asset Management Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2021
Creditors |
Creditors: amounts falling due within one year
Note |
2021 |
2020 |
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Due within one year |
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Trade creditors |
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( |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
2021 |
2020 |
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No. |
£ |
No. |
£ |
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13,495,100 |
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13,495,100 |