Rhine Estates Limited in Swindon, SN2 2GA

Description

Data updated on: 01-11-2023

Rhine Estates Limited was set up as Private Limited Company, registered in Hermes House, Fire Fly Avenue, Swindon. The located in SN2 2GA. This enterprise has been 81 years in the business. Its registered no. is 00383732. Up till now Rhine Estates Limited switched the name five times. Before 2021/10/18 it used the name Magdev. Then it switched to the name Mmg Magdev that was in use till 2021/10/18 then the current name was adopted. The enterprise's SIC and NACE codes are 32990 meaning Other manufacturing n.e.c.. Rhine Estates Ltd reported its latest accounts for the financial period up to 2022-03-31. Its most recent annual confirmation statement was submitted on 2022-12-20.

Previous company's names
Rhine Estates Limited 2021-10-18
Magdev Limited 2012-07-02
Mmg Magdev Limited 2003-12-18
Mmg Gb Limited 2002-03-27
Mmg Neosid Limited 2000-06-12
Neosid Limited 1943-11-06

Financial data based on annual reports

Profit & Loss
Date of Accounts	2017-03-31	2018-03-31	2019-03-31	2020-03-31	2021-03-31	2022-03-31
Currency

Balance Sheet
Cash Bank On Hand	137	223 967	182 986	91 245	124 209	1 465 771
Current Assets	1 418	1 445	1 617 407	1 816 901	1 944 343	1 857 461
Debtors	665	31 449	950 353	1 127 674	1 151 132	391 690
Net Assets Liabilities	1 687	1 432	2 024 979	2 145 576	2 329 405	1 405 068
Other Debtors	13	554	71 317	60 959	30 383
Property Plant Equipment	855	835 539	850 260	864 891
Total Inventories	595	434	484 068	597 982	669 002

Other Financial Data
Audit Fees Expenses			10 155	11 444	12 200	11 935
Fees For Non-audit Services			7 845	6 556	575	33 706
Director Remuneration			80 546	81 969	77 792	64 338
Number Directors Accruing Benefits Under Money Purchase Scheme			1	1	1	1
Accrued Liabilities Not Expressed Within Creditors Subtotal	25	-38 581	-36 298
Accumulated Depreciation Impairment Property Plant Equipment	403	386 088	452 531	444 765	477 514
Amounts Owed By Group Undertakings	196	235 901	299 827	364 185	368 661	363 494
Amounts Owed To Group Undertakings	254	186 006	114 311	39 059	39 058
Average Number Employees During Period	20	20	22	22	20	12
Bank Borrowings	487	452	49 118	379 306	40 350
Bank Borrowings Overdrafts	432	402 569	49 118	379 306	40 350
Creditors	686	11 021	9 855	63 434	350 027	452 393
Disposals Decrease In Depreciation Impairment Property Plant Equipment		47		50 156	10 097	499 595
Disposals Property Plant Equipment		47		52 270	10 098	1 302 776
Fixed Assets	1 521	28 400	1 515 768	1 530 399	1 490 770
Future Minimum Lease Payments Under Non-cancellable Operating Leases	19	18 784	20 827
Increase From Depreciation Charge For Year Property Plant Equipment		31	27 104	42 390	42 846	22 081
Investments Fixed Assets	666	665 508	665 508	665 508	665 508
Investments In Group Undertakings	666	665 508	665 508
Net Current Assets Liabilities	877	-54 528	1 006 241	689 971	1 199 729	1 405 068
Other Creditors	6	5 990	14 006	3 255	3 198	3 775
Other Taxation Social Security Payable	82	84	92 551
Prepayments Accrued Income Not Expressed Within Current Asset Subtotal	21	31 449	71 317
Property Plant Equipment Gross Cost	1 258	1 221 627	1 302 791	1 309 656	1 302 776
Provisions For Liabilities Balance Sheet Subtotal			5 905	11 360	11 067
Total Additions Including From Business Combinations Property Plant Equipment		11	17 293	43 038
Total Assets Less Current Liabilities	2 398	-26 128	2 522 009	2 220 370	2 690 499	1 405 068
Trade Creditors Trade Payables	333	220 377	333 567	531 367	468 209
Trade Debtors Trade Receivables	456	523	579 209	702 530	752 088	28 196
Accrued Liabilities Deferred Income			36 298	36 046	36 617	47 866
Administrative Expenses			892 752	826 032	739 819	213 423
Applicable Tax Rate			19	19	19	19
Comprehensive Income Expense			128 306	120 597	183 829	625 663
Corporation Tax Payable			26 281	12 230	37 181	180 359
Cost Inventories Recognised As Expense Gross			1 927 039	2 258 949	2 055 103	1 626 862
Cost Sales			1 927 039	2 258 949	2 055 103	1 626 862
Current Tax For Period			25 890	12 130	38 056	180 359
Deferred Tax Expense Credit From Unrecognised Temporary Difference From Prior Period					-293	-11 067
Deferred Tax Liabilities			5 905	11 360	11 067
Depreciation Expense Property Plant Equipment			27 104	21 609	21 693	12 139
Finance Lease Liabilities Present Value Total Lessor			9 855	24 375	7 127
Financial Liabilities			376 814	424 537	407 591
Gain Loss Before Tax On Sale Discontinued Operations						-39 947
Gain Loss On Disposals Property Plant Equipment						341 295
Gain Loss On Non-financing Activities Due To Foreign Exchange Differences Recognised In Profit Or Loss			-16 829	14 920	-12 790	890
Gross Profit Loss			1 076 828	980 426	967 678	811 840
Income From Shares In Group Undertakings						210 000
Increase Decrease In Property Plant Equipment				59 135	3 218
Interest Expense On Bank Loans Similar Borrowings			19 419	18 389	14 765	7 829
Interest Expense On Lease Liabilities			1 138	2 154	1 127	514
Interest Expense On Loan Capital			11 154	7 669	4 007	571
Interest Payable Similar Charges Finance Costs			31 711	28 212	19 899	8 914
Net Assets Liabilities Subsidiaries			-486 399	-429 111	-394 023	-180 697
Number Shares Issued Fully Paid				2 500	2 500	2 500
Operating Profit Loss			192 366	166 394	241 491	633 816
Other Deferred Tax Expense Credit			6 459	5 455	-293	-11 067
Other Operating Income Format1			8 290	12 000	13 632	35 399
Other Remaining Borrowings			14 036	20 856
Par Value Share				1	1	1
Pension Other Post-employment Benefit Costs Other Pension Costs			28 146	35 481	32 815	18 556
Percentage Class Share Held In Subsidiary				100	100	100
Prepayments Accrued Income		-31 449	-71 317
Profit Loss			128 306	120 597	183 829	625 663
Profit Loss On Ordinary Activities Before Tax			160 655	138 182	221 592	794 955
Profit Loss Subsidiaries			9 560	-57 288	-35 088	-213 056
Property Plant Equipment Including Right-of-use Assets		28 400	24 532	864 891	825 262
Provisions			5 905	11 360	11 067
Social Security Costs			54 252	62 866	54 380	45 183
Staff Costs Employee Benefits Expense			657 329	679 890	640 507	442 072
Taxation Social Security Payable			66 270	68 618	102 787	220 393
Tax Decrease From Utilisation Tax Losses						82
Tax Expense Credit Applicable Tax Rate			30 524	26 255	42 102	151 041
Tax Increase Decrease Arising From Group Relief Tax Reconciliation				-10 905	-5 152
Tax Increase Decrease From Effect Capital Allowances Depreciation			-17 533	-3 342	-89	-5 640
Tax Increase Decrease From Effect Dividends From U K Companies						-39 900
Tax Increase Decrease From Effect Expenses Not Deductible For Tax Purposes Other Than Goodwill Amortisation Impairment					1 195	10 324
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss			12 899	122	1 195
Tax Increase Decrease From Effect Indexation Allowance On Capital Gains						121 872
Tax Increase Decrease From Other Tax Effects Tax Reconciliation			6 459	5 455	-293	-57 256
Tax Tax Credit On Profit Or Loss On Ordinary Activities			32 349	17 585	37 763	169 292
Total Assets					825 262
Total Current Tax Expense Credit			32 349	17 585	37 763	169 292
Turnover Revenue			3 003 867	3 239 375	3 022 781	2 438 702
Wages Salaries			574 931	581 543	553 312