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REGISTERED NUMBER: 03975343 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

RS DEVELOPMENTS LIMITED

RS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03975343)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RS DEVELOPMENTS LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2023







DIRECTOR: Mrs M Shorting





REGISTERED OFFICE: 2 Church Road
Churchdown
Gloucester
GL3 2ER





REGISTERED NUMBER: 03975343 (England and Wales)





ACCOUNTANTS: Kingscott Dix (Cheltenham) Limited
Malvern View Business Park
Stella Way
Bishops Cleeve
Cheltenham
Gloucestershire
GL52 7DQ

RS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03975343)

BALANCE SHEET
30 April 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,310,000 2,310,000

CURRENT ASSETS
Debtors 5 106,916 59,409
Cash at bank 74,766 98,494
181,682 157,903
CREDITORS
Amounts falling due within one year 6 (8,930 ) (13,383 )
NET CURRENT ASSETS 172,752 144,520
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,482,752

2,454,520

CREDITORS
Amounts falling due after more than one
year

7

(1,759,288

)

(1,759,288

)
NET ASSETS 723,464 695,232

CAPITAL AND RESERVES
Called up share capital 12 2
Retained earnings 723,452 695,230
723,464 695,232

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

RS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03975343)

BALANCE SHEET - continued
30 April 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 14 January 2024 and were signed by:





Mrs M Shorting - Director


RS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03975343)

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

1. STATUTORY INFORMATION

RS Developments 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.

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.

Tangible fixed assets

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 May 2022
and 30 April 2023 2,310,000
NET BOOK VALUE
At 30 April 2023 2,310,000
At 30 April 2022 2,310,000

RS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03975343)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 41,000 -
Other debtors 65,916 59,409
106,916 59,409

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 423
Taxation and social security 6,620 9,590
Other creditors 2,310 3,370
8,930 13,383

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 1,759,288 1,759,288