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REGISTERED NUMBER: SC326489 (Scotland)
















Unaudited Financial Statements for the Year Ended 31 March 2023

for

R & S Shares Limited

R & S Shares Limited (Registered number: SC326489)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


R & S Shares Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: R T Melvin
S J Melvin





SECRETARY: R T Melvin





REGISTERED OFFICE: 145 St. Vincent Street
Glasgow
G2 5JF





REGISTERED NUMBER: SC326489 (Scotland)





ACCOUNTANTS: McLay McAlister & McGibbon LLP
Chartered Accountants
145 St Vincent Street
Glasgow
G2 5JF

R & S Shares Limited (Registered number: SC326489)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Investments 4 330,000 330,000

CURRENT ASSETS
Debtors 5 2,897 1,402
Cash at bank 4,949 372
7,846 1,774
CREDITORS
Amounts falling due within one year 6 (25,627 ) (22,457 )
NET CURRENT LIABILITIES (17,781 ) (20,683 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

312,219

309,317

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 312,217 309,315
SHAREHOLDERS' FUNDS 312,219 309,317

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2023 and were signed on its behalf by:





S J Melvin - Director


R & S Shares Limited (Registered number: SC326489)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

R & S Shares Limited is a private company, limited by shares , registered in Scotland. 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.

Financial instruments
Debtors
Trade debtors and other debtors are recognised at the settlement amount due with appropriate allowances for any irrecoverable amounts when there is objective evidence the asset is impaired.

Cash and cash equivalents
Cash and cash equivalent in the balance sheet comprise cash in hand and bank overdrafts. In the balance sheet bank overdrafts are shown in creditors amounts falling due within one year.

Creditors
Trade creditors and other creditors are recognised where the company has a present obligation resulting from a past event and are recognised at the settlement amount due after allowing for any trade discounts due.

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.

Investments
Investments are held at fair value where this can be reliably determined. If fair value can not be reliably determined the investment is held at transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

R & S Shares Limited (Registered number: SC326489)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 330,000
NET BOOK VALUE
At 31 March 2023 330,000
At 31 March 2022 330,000

The UK unlisted investment represents 500 Ordinary shares of £1 in Melvin Brothers Ltd.

The shares were purchased at market value.

The fair value of the shares could not be reliably determined and therefore are held at transaction price.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 2,897 1,402

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other creditors 25,627 22,457