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REGISTERED NUMBER: 10546197 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st May 2023

for

RNB PROPERTIES LIMITED

RNB PROPERTIES LIMITED (REGISTERED NUMBER: 10546197)






Contents of the Financial Statements
for the year ended 31st May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

RNB PROPERTIES LIMITED

Company Information
for the year ended 31st May 2023







DIRECTORS: R Bagdai
Mrs N Bagdai





REGISTERED OFFICE: 2 Burton House
Repton Place
White Lion Road
Amersham
Buckinghamshire
HP7 9LP





REGISTERED NUMBER: 10546197 (England and Wales)





ACCOUNTANTS: Jacquards
2 Burton House
Repton Place
White Lion Road
Amersham
Buckinghamshire
HP7 9LP

RNB PROPERTIES LIMITED (REGISTERED NUMBER: 10546197)

Balance Sheet
31st May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,561,479 2,549,529

CURRENT ASSETS
Debtors 5 4,025 2,557
Cash at bank 180,655 21,293
184,680 23,850
CREDITORS
Amounts falling due within one year 6 1,644,689 1,477,318
NET CURRENT LIABILITIES (1,460,009 ) (1,453,468 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,101,470

1,096,061

CREDITORS
Amounts falling due after more than one
year

7

1,132,250

1,132,250
NET LIABILITIES (30,780 ) (36,189 )

CAPITAL AND RESERVES
Called up share capital 8 250 250
Retained earnings (31,030 ) (36,439 )
SHAREHOLDERS' FUNDS (30,780 ) (36,189 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

RNB PROPERTIES LIMITED (REGISTERED NUMBER: 10546197)

Balance Sheet - continued
31st 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 15th March 2024 and were signed on its behalf by:





R Bagdai - Director


RNB PROPERTIES LIMITED (REGISTERED NUMBER: 10546197)

Notes to the Financial Statements
for the year ended 31st May 2023

1. STATUTORY INFORMATION

Rnb Properties 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.

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.

3. EMPLOYEES AND DIRECTORS

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

RNB PROPERTIES LIMITED (REGISTERED NUMBER: 10546197)

Notes to the Financial Statements - continued
for the year ended 31st May 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st June 2022 2,549,529
Additions 11,950
At 31st May 2023 2,561,479
NET BOOK VALUE
At 31st May 2023 2,561,479
At 31st May 2022 2,549,529

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 4,025 2,557

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to associates 1,610,198 1,460,198
Other creditors 34,491 17,120
1,644,689 1,477,318

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 1,132,250 1,132,250

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,132,250 1,132,250

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
200 Ordinary £1.00 200 200
50 A Ordinary £1.00 50 50
250 250

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Rnb Properties Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rnb Properties Limited for the year ended 31st May 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Rnb Properties Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Rnb Properties Limited and state those matters that we have agreed to state to the Board of Directors of Rnb Properties Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rnb Properties Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Rnb Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Rnb Properties Limited. You consider that Rnb Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Rnb Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Jacquards
2 Burton House
Repton Place
White Lion Road
Amersham
Buckinghamshire
HP7 9LP


15th March 2024