IRIS Accounts Production v23.3.1.45 05117692 Board of Directors 1.6.22 31.5.23 31.5.23 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh051176922022-05-31051176922023-05-31051176922022-06-012023-05-31051176922021-05-31051176922021-06-012022-05-31051176922022-05-3105117692ns14:PoundSterlingns10:Original2022-06-012023-05-3105117692ns10:Originalns10:Director12022-06-012023-05-3105117692ns10:Original2022-06-012023-05-3105117692ns10:Original2023-05-3105117692ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3105117692ns10:Originalns10:SmallEntities2022-06-012023-05-3105117692ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3105117692ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3105117692ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3105117692ns10:Originalns10:FullAccounts2022-06-012023-05-3105117692ns10:Original2021-06-012022-05-3105117692ns10:Originalns10:Director22022-06-012023-05-3105117692ns10:CompanySecretary1ns10:Original2022-06-012023-05-3105117692ns10:Originalns10:RegisteredOffice2022-06-012023-05-3105117692ns10:Original2022-05-3105117692ns10:Originalns5:CurrentFinancialInstruments2023-05-3105117692ns10:Originalns5:CurrentFinancialInstruments2022-05-3105117692ns10:Originalns5:Non-currentFinancialInstruments2023-05-3105117692ns10:Originalns5:Non-currentFinancialInstruments2022-05-3105117692ns5:ShareCapitalns10:Original2023-05-3105117692ns5:ShareCapitalns10:Original2022-05-3105117692ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3105117692ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3105117692ns10:Originalns5:OwnedOrFreeholdAssetsns5:LandBuildings2022-06-012023-05-3105117692ns10:Originalns5:FurnitureFittings2022-06-012023-05-3105117692ns10:Originalns5:LandBuildings2022-05-3105117692ns10:Originalns5:FurnitureFittings2022-05-3105117692ns10:Original2022-05-3105117692ns10:Originalns5:LandBuildings2022-06-012023-05-3105117692ns10:Originalns5:LandBuildings2023-05-3105117692ns10:Originalns5:FurnitureFittings2023-05-3105117692ns10:Originalns5:LandBuildings2022-05-3105117692ns10:Originalns5:FurnitureFittings2022-05-3105117692ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3105117692ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-3105117692ns5:Securedns10:Original2023-05-3105117692ns5:Securedns10:Original2022-05-31
REGISTERED NUMBER: 05117692















Unaudited Financial Statements for the Year Ended 31 May 2023

for

R B PROPERTY DEVELOPMENTS LIMITED

R B PROPERTY DEVELOPMENTS LIMITED (Registered number: 05117692)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R B PROPERTY DEVELOPMENTS LIMITED

Company Information
for the Year Ended 31 May 2023







DIRECTORS: D E Oliver
Mrs K Oliver





SECRETARY: Mrs K Oliver





REGISTERED OFFICE: 6a Bittern Way
Boston
Lincolnshire
PE21 7NX





REGISTERED NUMBER: 05117692





ACCOUNTANTS: Darron Abbott
135 London Road
Boston
Lincolnshire
PE21 7EZ

R B PROPERTY DEVELOPMENTS LIMITED (Registered number: 05117692)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 526,484 526,573

CURRENT ASSETS
Debtors 5 - 69
Cash at bank and in hand 3,511 1,693
3,511 1,762
CREDITORS
Amounts falling due within one year 6 241,391 250,380
NET CURRENT LIABILITIES (237,880 ) (248,618 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

288,604

277,955

CREDITORS
Amounts falling due after more than one
year

7

205,692

191,347
NET ASSETS 82,912 86,608

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 82,812 86,508
SHAREHOLDERS' FUNDS 82,912 86,608

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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 B PROPERTY DEVELOPMENTS LIMITED (Registered number: 05117692)

Balance Sheet - continued
31 May 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 Board of Directors and authorised for issue on 16 February 2024 and were signed on its behalf by:





D E Oliver - Director


R B PROPERTY DEVELOPMENTS LIMITED (Registered number: 05117692)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

R B PROPERTY DEVELOPMENTS LIMITED is a private company, limited by shares , registered in Not specified/Other. 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Fixtures and fittings - 15% on reducing balance

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 1 (2022 - NIL ) .

R B PROPERTY DEVELOPMENTS LIMITED (Registered number: 05117692)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 June 2022
and 31 May 2023 525,983 5,164 531,147
DEPRECIATION
At 1 June 2022 - 4,574 4,574
Charge for year - 89 89
At 31 May 2023 - 4,663 4,663
NET BOOK VALUE
At 31 May 2023 525,983 501 526,484
At 31 May 2022 525,983 590 526,573

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors - 69

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts - 21,000
Trade creditors 88,400 73,999
Other creditors 152,991 155,381
241,391 250,380

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans - 110,876
Other creditors 205,692 80,471
205,692 191,347

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 47,876

R B PROPERTY DEVELOPMENTS LIMITED (Registered number: 05117692)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

31.5.23 31.5.22
£    £   
Bank loans - 131,876

9. RELATED PARTY DISCLOSURES

One of the properties owned by the Company is rented through Mrs Kay Oliver for the purpose of a salon.