Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31409435040943502022-01-01falseThe principal activity of the company is that of letting investments.11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10813930 2022-01-01 2022-12-31 10813930 2021-01-01 2021-12-31 10813930 2022-12-31 10813930 2021-12-31 10813930 c:Director2 2022-01-01 2022-12-31 10813930 d:FreeholdInvestmentProperty 2022-12-31 10813930 d:FreeholdInvestmentProperty 2021-12-31 10813930 d:LeaseholdInvestmentProperty 2022-12-31 10813930 d:LeaseholdInvestmentProperty 2021-12-31 10813930 d:CurrentFinancialInstruments 2022-12-31 10813930 d:CurrentFinancialInstruments 2021-12-31 10813930 d:Non-currentFinancialInstruments 2022-12-31 10813930 d:Non-currentFinancialInstruments 2021-12-31 10813930 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 10813930 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 10813930 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 10813930 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 10813930 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 10813930 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2021-12-31 10813930 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 10813930 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-12-31 10813930 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-12-31 10813930 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2021-12-31 10813930 d:ShareCapital 2022-12-31 10813930 d:ShareCapital 2021-12-31 10813930 d:RetainedEarningsAccumulatedLosses 2022-12-31 10813930 d:RetainedEarningsAccumulatedLosses 2021-12-31 10813930 c:OrdinaryShareClass1 2022-01-01 2022-12-31 10813930 c:OrdinaryShareClass1 2022-12-31 10813930 c:OrdinaryShareClass1 2021-12-31 10813930 c:FRS102 2022-01-01 2022-12-31 10813930 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 10813930 c:FullAccounts 2022-01-01 2022-12-31 10813930 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 10813930














PROPERTIES RB LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

 
PROPERTIES RB LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 7

 
PROPERTIES RB LIMITED
REGISTERED NUMBER:10813930

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Investment property
 4 
2,047,175
2,047,175

  
2,047,175
2,047,175

Current assets
  

Debtors: amounts falling due within one year
 5 
434,786
272,995

Cash at bank and in hand
 6 
100
100

  
434,886
273,095

Creditors: amounts falling due within one year
 7 
(800,848)
(148,660)

Net current (liabilities)/assets
  
 
 
(365,962)
 
 
124,435

Total assets less current liabilities
  
1,681,213
2,171,610

Creditors: amounts falling due after more than one year
 8 
(640,761)
(1,065,469)

  

Net assets
  
1,040,452
1,106,141


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
1,040,352
1,106,041

  
1,040,452
1,106,141

1

 
PROPERTIES RB LIMITED
REGISTERED NUMBER:10813930
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




E T Bishti
Director

Date: 8 November 2023

The notes on pages 3 to 7 form part of these financial statements.
2

 
PROPERTIES RB LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

Properties RB Limited is a private company, limited by shares, registered in England and Wales with registration number 10813930. The registered office is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
The principal activity of the company is that of letting investments.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The company's functional and presentational currency is pound sterling.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover from letting investment properties is recognised from the income arising out of the lettings, to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Finance costs

Finance costs are charged to profit and loss account over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit and loss account in the year in which they are incurred.

3

 
PROPERTIES RB LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit and loss account except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

Investment property

Investment property is carried at fair value determined annually by director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Profit and loss account.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.9

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

 Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

4

 
PROPERTIES RB LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

3.


Employees

The average monthly number of employees, including the director, during the year was 1 (2021 - 1).


4.


Investment property


Freehold investment property
Long term leasehold investment property
Total

£
£
£



Valuation


At 1 January 2022
1,798,689
248,486
2,047,175



At 31 December 2022
1,798,689
248,486
2,047,175

The 2022 valuations were made by the director, on an open market value for existing use basis.







5.


Debtors

2022
2021
£
£


Other debtors
366,572
205,645

Prepayments
1,541
677

Tax recoverable
66,673
66,673

434,786
272,995



6.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
100
100


5

 
PROPERTIES RB LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Bank loans
465,569
45,367

Trade creditors
7,938
-

Corporation tax
21,739
37,230

Other creditors
289,453
49,701

Accruals
16,149
16,362

800,848
148,660


Bank loans were secured on a fixed and floating charges against all the company's assets.


8.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Bank loans
640,761
1,065,469


Bank loans were secured on a fixed and floating charges against all the company's assets.


9.


Loans


Analysis of the maturity of loans is given below:


2022
2021
£
£

Amounts falling due within one year

Bank loans
465,569
45,367

Amounts falling due 1-2 years

Bank loans
33,549
45,367

Amounts falling due 2-5 years

Bank loans
100,647
136,101

Amounts falling due after more than 5 years

Bank loans
506,566
884,001

1,106,331
1,110,836


6

 
PROPERTIES RB LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

10.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



100 (2021 - 100) Ordinary shares of £1.00 each
100
100



11.


Related party transactions

Included within other debtors at the year end is an amount of £365,935 (2021 - £205,149) due from the shareholder of the company. The loan is interest free and repayable on demand.

 
7