Runway East Limited - Period Ending 2020-12-31

Runway East Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

Runway East Limited

Company Information

Directors

D W Foreman N Guerra P W D Roberts A Williams

Registered office

20 St Thomas Street Southwark London SE1 9RS

Accountants

Francis Clark LLP 90 Victoria Street Bristol BS1 6DP

Runway East Limited

Balance Sheet

31 December 2020

	Note	2020 £	2019 £
Fixed assets
Investments	4	8	5
Current assets
Debtors	5	192	198
Creditors: Amounts falling due within one year	6	-	(3)
Net current assets		192	195
Net assets		200	200
Capital and reserves
Called up share capital	7	200	200
Shareholders' funds		200	200

Runway East Limited

Balance Sheet

31 December 2020

For the financial year ending 31 December 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	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 and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 30 September 2021 and signed on its behalf by:
 

......................................... A Williams Director

Company Registration Number: 11267930

Runway East Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2020

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
20 St Thomas Street
Southwark
London
SE1 9RS

These financial statements were authorised for issue by the Board on 30 September 2021.

2	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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

Investments

Investments in subsidiaries are measured at cost less impairment.

Runway East Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2020

Financial instruments

Classification
The company holds the following financial instruments:

• Short term other debtors

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2019 - 7).

4	Investments

	2020 £	2019 £
Investments in subsidiaries	8	5

Subsidiaries	£
Cost or valuation
At 1 January 2020	5
Additions	3
At 31 December 2020	8
Carrying amount
At 31 December 2020	8
At 31 December 2019	5

Runway East Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2020

Details of undertakings

Details of the investments 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
			2020	2019
Subsidiary undertakings
RWE 1 Victoria Street Ltd	same as parent	Ordinary	100%	100%
RWE 101 Victoria Street Ltd	same as parent	Ordinary	100%	100%
RWE 20 St Thomas Street Ltd	same as parent	Ordinary	100%	100%
RWE 66 Compton Street Ltd	same as parent	Ordinary	100%	100%
Demasere Ltd	same as parent	Ordinary	100%	100%
RWE Newco Limited	same as parent	Ordinary	100%	0%
RWE HQ Ltd	same as parent	Ordinary	100%	0%
RWE MA01 Ltd	same as parent	Ordinary	100%	0%

Subsidiary undertakings

RWE 1 Victoria Street Ltd The principal activity of RWE 1 Victoria Street Ltd is provision of space, community and shared facilities and services for startups and growing businesses.

RWE 101 Victoria Street Ltd The principal activity of RWE 101 Victoria Street Ltd is provision of space, community and shared facilities and services for startups and growing businesses.

RWE 20 St Thomas Street Ltd The principal activity of RWE 20 St Thomas Street Ltd is provision of space, community and shared facilities and services for startups and growing businesses.

RWE 66 Compton Street Ltd The principal activity of RWE 66 Compton Street Ltd is provision of space, community and shared facilities and services for startups and growing businesses.

Runway East Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2020

Demasere Ltd The principal activity of Demasere Ltd is provision of space, community and shared facilities and services for startups and growing businesses. Subsequent to the year end these activities have ceased and it is the intention that this company will become dormant.

RWE Newco Limited The principal activity of RWE Newco Limited is that of a dormant company.

RWE HQ Ltd The principal activity of RWE HQ Ltd is to provide administration and other shared services to fellow subsidiaries.

RWE MA01 Ltd The principal activity of RWE MA01 Ltd is that of a property management company.

5

Debtors

	2020 £	2019 £
Other debtors	192	198
	192	198

6

Creditors

	2020 £	2019 £
Due within one year
Other creditors	-	3

Runway East Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2020

7	Share capital

Allotted, called up and fully paid shares

	2020		2019
	No.	£	No.	£
Ordinary of £1 each	200	200	200	200