Caseware UK (AP4) 2023.0.135 2023.0.135 2023-05-312023-05-312022-06-01falseNo description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06035588 2022-06-01 2023-05-31 06035588 2021-06-01 2022-05-31 06035588 2023-05-31 06035588 2022-05-31 06035588 1 2022-06-01 2023-05-31 06035588 d:Director2 2022-06-01 2023-05-31 06035588 c:Buildings 2023-05-31 06035588 c:Buildings 2022-05-31 06035588 c:CurrentFinancialInstruments 2023-05-31 06035588 c:CurrentFinancialInstruments 2022-05-31 06035588 c:Non-currentFinancialInstruments 2023-05-31 06035588 c:Non-currentFinancialInstruments 2022-05-31 06035588 c:CurrentFinancialInstruments c:WithinOneYear 2023-05-31 06035588 c:CurrentFinancialInstruments c:WithinOneYear 2022-05-31 06035588 c:Non-currentFinancialInstruments c:AfterOneYear 2023-05-31 06035588 c:Non-currentFinancialInstruments c:AfterOneYear 2022-05-31 06035588 c:ShareCapital 2023-05-31 06035588 c:ShareCapital 2022-05-31 06035588 c:RetainedEarningsAccumulatedLosses 2023-05-31 06035588 c:RetainedEarningsAccumulatedLosses 2022-05-31 06035588 d:FRS102 2022-06-01 2023-05-31 06035588 d:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 06035588 d:FullAccounts 2022-06-01 2023-05-31 06035588 d:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 06035588 6 2022-06-01 2023-05-31 06035588 e:PoundSterling 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure



Company Registration No. 06035588 (England and Wales)







RATHBAWN PROPERTIES LIMITED

UNAUDITED
FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MAY 2023




































Riordan O'Sullivan & Co
Chartered Certified Accountants
40 Chamberlayne Road
London
NW10 3JE

 
RATHBAWN PROPERTIES LIMITED
REGISTERED NUMBER:06035588

BALANCE SHEET
AS AT 31 MAY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible fixed assets
  
2,280,993
2,280,993

Investments
 5 
3,015,000
3,015,000

  
5,295,993
5,295,993

Current assets
  

Debtors due within 1 year
  
917,126
931,827

Cash at bank and in hand
  
376,542
644,801

  
1,293,668
1,576,628

Creditors: amounts falling due within one year
 7 
(329,751)
(556,987)

Net current assets
  
 
 
963,917
 
 
1,019,641

Total assets less current liabilities
  
6,259,910
6,315,634

Creditors: amounts falling due after more than one year
 8 
(746,089)
(1,361,691)

  

Net assets
  
5,513,821
4,953,943


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
5,513,721
4,953,843

  
5,513,821
4,953,943


Page 1

 
RATHBAWN PROPERTIES LIMITED
REGISTERED NUMBER:06035588
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2023

The directors consider 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 directors acknowledge their 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 on 12 January 2024.




___________________________
W J Byrne
Director

Page 2

 
RATHBAWN PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

Rathbawn Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is 40 Chamberlayne Road, London, NW10 3JE.

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 following principal accounting policies have been applied:

 
2.2

Turnover

Turnover represents rent and management fees receivable net of VAT. 

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Freehold properties are maintained so as to ensure that their values do not diminish over time. The maintenance costs are charged to the profit and loss account in the year in which they are incurred. In the director's opinion, depreciation would be immaterial and has not been charged.



 
2.4

Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment are recognised immediately in the profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

 
2.5

Finance costs

Finance costs are charged to profit or loss 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.

Page 3

 
RATHBAWN PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.6

Taxation

Tax is recognised in profit or loss 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 income 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 June 2022
2,280,993



At 31 May 2023

2,280,993






Net book value



At 31 May 2023
2,280,993



At 31 May 2022
2,280,993

Page 4

 
RATHBAWN PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 June 2022
3,015,000



At 31 May 2023
3,015,000







6.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
223,456
286,811

Other debtors
693,670
645,016

917,126
931,827


Included within other debtors is an amount of £492,470 (2022 £552,615) due from the directors. This was the total amount advanced to them during the year. This loan is unsecured, interest free, and repayable on demand and it was repaid in full since year end. 


7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
123,304
368,936

Trade creditors
19,063
18,682

Corporation tax
35,517
143,072

Other taxation and social security
14,244
-

Other Creditors
110,153
-

Accruals
27,470
26,297

329,751
556,987


Page 5

 
RATHBAWN PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
746,089
888,992

Cibil Loan
-
472,699

746,089
1,361,691



9.


Profit and loss reserves

2023
2022
£
£



At the beginning of the year
4,953,843
4,495,319

Profit for the year
559,878
458,524

At the end of the year
5,513,721
4,953,843


10.


Post balance sheet events

There were no events since the year end which materially affected the company.


11.


Controlling party

William Byrne and Nolan Byrne together own 100% of the issued share capital of the company and as such they are the ultimate controllers of the company.

 
Page 6