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REGISTERED NUMBER: 04162518 (England and Wales)


















R S L (SLOUGH) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2022






R S L (SLOUGH) LIMITED (REGISTERED NUMBER: 04162518)

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










Page

Statement of Financial Position 1 to 2

Notes to the Financial Statements 3 to 6

Reconciliation of Equity 7 to 8


R S L (SLOUGH) LIMITED (REGISTERED NUMBER: 04162518)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2022

2022 2021
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,289 1,612
Investment property 5 9,300,000 9,300,000
9,301,289 9,301,612

CURRENT ASSETS
Debtors 6 185,731 234,831
Cash at bank and in hand 4,338 202
190,069 235,033
CREDITORS
Amounts falling due within one year 7 (1,527,937 ) (1,489,934 )
NET CURRENT LIABILITIES (1,337,868 ) (1,254,901 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,963,421

8,046,711

CREDITORS
Amounts falling due after more than one
year

8

(2,107,587

)

(2,465,430

)

PROVISIONS FOR LIABILITIES (759,684 ) (759,668 )
NET ASSETS 5,096,150 4,821,613

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 5,096,050 4,821,513
SHAREHOLDERS' FUNDS 5,096,150 4,821,613

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 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.

R S L (SLOUGH) LIMITED (REGISTERED NUMBER: 04162518)

STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 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 Board of Directors and authorised for issue on 11 September 2023 and were signed on its behalf by:





R Laly - Director


R S L (SLOUGH) LIMITED (REGISTERED NUMBER: 04162518)

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


1. STATUTORY INFORMATION

R S L (Slough) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04162518

Registered office: 9 Bell Weir Close
Wraysbury
Middlesex
TW19 6HF

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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A
These financial statements for the year ended 31 October 2022 are the first that are prepared in
accordance with FRS 102 Section 1A. The previous financial statements were prepared in accordance
with FRS 105, the date of transition to FRS 102 Section 1A is 1 November 2021.

Turnover
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances.
Revenue from the sale of goods and services is recognised when goods are delivered, and legal title has passed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 20% 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.

Financial instruments
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at the present value of future payments.


R S L (SLOUGH) LIMITED (REGISTERED NUMBER: 04162518)

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


2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 November 2021
and 31 October 2022 6,894
DEPRECIATION
At 1 November 2021 5,282
Charge for year 323
At 31 October 2022 5,605
NET BOOK VALUE
At 31 October 2022 1,289
At 31 October 2021 1,612

R S L (SLOUGH) LIMITED (REGISTERED NUMBER: 04162518)

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


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2021
and 31 October 2022 9,300,000
NET BOOK VALUE
At 31 October 2022 9,300,000
At 31 October 2021 9,300,000

Fair value at 31 October 2022 is represented by:
£   
Valuation in 2022 3,037,445
Cost 6,262,555
9,300,000

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

2022 2021
£    £   
Cost 6,262,555 6,262,555

Investment properties were valued on an open market basis on 31 October 2022 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 185,731 234,831

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 345,456 335,753
Taxation and social security 199,093 205,169
Other creditors 983,388 949,012
1,527,937 1,489,934

The loan is secured by a fixed and floating charge over the assets of the company.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 2,107,587 2,465,430

R S L (SLOUGH) LIMITED (REGISTERED NUMBER: 04162518)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2022 2021
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,470,786 1,629,338

The loan is secured by a fixed and floating charge over the assets of the company.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary £ 1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

R S L (Slough) Limited lent Far Reach Solutions Limited amounting to £185,731 (2021-£234,831) and the company did not charge any interest.

Far Reach Solutions Limited controlled by Mr R Laly by virtue of his 100% shareholder.

R S L (SLOUGH) LIMITED (REGISTERED NUMBER: 04162518)

RECONCILIATION OF EQUITY - continued
1 NOVEMBER 2020
(DATE OF TRANSITION TO FRS 102)

Effect of
transition
FRS 105 to FRS 102 FRS 102
Not es £    £    £   
FIXED ASSETS
Tangible assets 818 - 818
Investment property 5,842,668 - 5,842,668
5,843,486 - 5,843,486
CURRENT ASSETS
Debtors 348,313 - 348,313
Cash at bank and in hand 7,690 - 7,690
356,003 - 356,003
CREDITORS
Amounts falling due within one year (1,058,199 ) - (1,058,199 )
NET CURRENT LIABILITIES (702,196 ) - (702,196 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,141,290

-

5,141,290

CREDITORS
Amounts falling due after more than one
year

(3,295,641

)

-

(3,295,641

)

PROVISIONS FOR LIABILITIES - (156 ) (156 )
NET ASSETS 1,845,649 (156 ) 1,845,493
CAPITAL AND RESERVES
Called up share capital 100 - 100
Retained earnings 1,845,549 (156 ) 1,845,393
SHAREHOLDERS' FUNDS 1,845,649 (156 ) 1,845,493

R S L (SLOUGH) LIMITED (REGISTERED NUMBER: 04162518)

RECONCILIATION OF EQUITY - continued
31 OCTOBER 2021

Effect of
transition
FRS 105 to FRS 102 FRS 102
Not es £    £    £   
FIXED ASSETS
Tangible assets 1,612 - 1,612
Investment property 5,718,935 3,581,065 9,300,000
5,720,547 3,581,065 9,301,612
CURRENT ASSETS
Debtors 234,831 - 234,831
Cash at bank and in hand 202 - 202
235,033 - 235,033
CREDITORS
Amounts falling due within one year (1,489,934 ) - (1,489,934 )
NET CURRENT LIABILITIES (1,254,901 ) - (1,254,901 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,465,646

3,581,065

8,046,711

CREDITORS
Amounts falling due after more than one
year

(2,465,430

)

-

(2,465,430

)

PROVISIONS FOR LIABILITIES - (759,668 ) (759,668 )
NET ASSETS 2,000,216 2,821,397 4,821,613
CAPITAL AND RESERVES
Called up share capital 100 - 100
Retained earnings 2,000,116 2,821,397 4,821,513
SHAREHOLDERS' FUNDS 2,000,216 2,821,397 4,821,613