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RSB RESIDENTIAL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022






RSB RESIDENTIAL LIMITED (REGISTERED NUMBER: 12382941)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RSB RESIDENTIAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTOR: R S Bird





REGISTERED OFFICE: 19 Ryton Way
Hilton
Derby
Derbyshire
DE65 5GY





REGISTERED NUMBER: 12382941 (England and Wales)





ACCOUNTANTS: Sibbalds Limited
Chartered Accountants and Business Advisers
Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS

RSB RESIDENTIAL LIMITED (REGISTERED NUMBER: 12382941)

BALANCE SHEET
31 MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 495 227
Investment property 5 622,421 135,000
622,916 135,227

CURRENT ASSETS
Debtors 6 756 -
Cash at bank 16,378 95,955
17,134 95,955
CREDITORS
Amounts falling due within one year 7 370,460 145,646
NET CURRENT LIABILITIES (353,326 ) (49,691 )
TOTAL ASSETS LESS CURRENT LIABILITIES 269,590 85,536

CREDITORS
Amounts falling due after more than one
year

8

263,101

79,341
NET ASSETS 6,489 6,195

CAPITAL AND RESERVES
Called up share capital 10 1 1
Fair value reserve 11 18,555 18,555
Retained earnings (12,067 ) (12,361 )
SHAREHOLDERS' FUNDS 6,489 6,195

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

RSB RESIDENTIAL LIMITED (REGISTERED NUMBER: 12382941)

BALANCE SHEET - continued
31 MARCH 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 August 2022 and were signed by:





R S Bird - Director


RSB RESIDENTIAL LIMITED (REGISTERED NUMBER: 12382941)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022


1. STATUTORY INFORMATION

RSB Residential Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements have been prepared on a going concern basis which assumes the continued support of the director and bankers.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year 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.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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 year end and that are expected to apply to the reversal of the timing difference.

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.

RSB RESIDENTIAL LIMITED (REGISTERED NUMBER: 12382941)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2021 260
Additions 325
At 31 March 2022 585
DEPRECIATION
At 1 April 2021 33
Charge for year 57
At 31 March 2022 90
NET BOOK VALUE
At 31 March 2022 495
At 31 March 2021 227

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2021 135,000
Additions 487,421
At 31 March 2022 622,421
NET BOOK VALUE
At 31 March 2022 622,421
At 31 March 2021 135,000

Fair value at 31 March 2022 is represented by:
£   
Valuation in 2021 18,555
Cost 603,866
622,421

RSB RESIDENTIAL LIMITED (REGISTERED NUMBER: 12382941)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


5. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2022 2021
£    £   
Cost 603,866 116,445

Investment property was valued on an open market basis on 31 March 2021 by by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 500 -
Other debtors 256 -
756 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts - 114
Other creditors 3,325 922
Directors' current accounts 363,870 143,711
Accruals and deferred income 3,265 899
370,460 145,646

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans - 1-2 years - 5,603
Bank loans 263,101 73,738
263,101 79,341

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 263,101 73,738

RSB RESIDENTIAL LIMITED (REGISTERED NUMBER: 12382941)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


9. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans 263,101 79,455

The bank loans are secured on the freehold investment properties.

10. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
1 Ordinary £1 1 1

11. RESERVES
Fair
value
reserve
£   
At 1 April 2021
and 31 March 2022 18,555