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REGISTERED NUMBER: 12211288 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

RFB70 LTD

RFB70 LTD (REGISTERED NUMBER: 12211288)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RFB70 LTD

COMPANY INFORMATION
for the Year Ended 30 September 2023







DIRECTOR: A Bola





REGISTERED OFFICE: Bank Gallery
13 High Street
Kenilworth
CV8 1LY





REGISTERED NUMBER: 12211288 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

RFB70 LTD (REGISTERED NUMBER: 12211288)

BALANCE SHEET
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 286,883 286,883

CURRENT ASSETS
Cash at bank 14,719 9,740

CREDITORS
Amounts falling due within one year 5 103,497 102,286
NET CURRENT LIABILITIES (88,778 ) (92,546 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

198,105

194,337

CREDITORS
Amounts falling due after more than one
year

6

194,250

194,250
NET ASSETS 3,855 87

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,755 (13 )
SHAREHOLDERS' FUNDS 3,855 87

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

RFB70 LTD (REGISTERED NUMBER: 12211288)

BALANCE SHEET - continued
30 September 2023


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 26 October 2023 and were signed by:





A Bola - Director


RFB70 LTD (REGISTERED NUMBER: 12211288)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2023


1. STATUTORY INFORMATION

Rfb70 Ltd 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.

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.

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

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.

Going concern
The financial statements are prepared on a going concern basis. This assumes that the company will continue in operational existence for the foreseeable future, due to the continued support of the director.

3. EMPLOYEES AND DIRECTORS

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

RFB70 LTD (REGISTERED NUMBER: 12211288)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2023


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022
and 30 September 2023 286,883
NET BOOK VALUE
At 30 September 2023 286,883
At 30 September 2022 286,883

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to participating interests 85,000 85,000
Taxation and social security 884 9
Other creditors 17,613 17,277
103,497 102,286

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 194,250 194,250

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 194,250 194,250

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Other loans 194,250 194,250

8. RELATED PARTY DISCLOSURES

At 30 September 2023 other creditors included loans made to the company by the directors of £17,012 (2022: £16,700). The loans are interest free and have no fixed date for repayment.

At 30 September 2023 other creditors included loans made to the company by the R55 Ltd of £85,000 (2022: £85,000). The director of RFB70 Ltd is also a director of R55 Ltd. The loans are interest free and have no fixed date for repayment.

RFB70 LTD (REGISTERED NUMBER: 12211288)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2023


9. ULTIMATE CONTROLLING PARTY

The controlling party is A Bola.