IRIS Accounts Production v23.4.0.336 03481047 Board of Directors 1.1.23 31.12.23 31.12.23 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh034810472022-12-31034810472023-12-31034810472023-01-012023-12-31034810472021-12-31034810472022-01-012022-12-31034810472022-12-3103481047ns15:EnglandWales2023-01-012023-12-3103481047ns14:PoundSterling2023-01-012023-12-3103481047ns10:Director12023-01-012023-12-3103481047ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3103481047ns10:SmallEntities2023-01-012023-12-3103481047ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3103481047ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3103481047ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3103481047ns10:FullAccounts2023-01-012023-12-3103481047ns10:Director22023-01-012023-12-3103481047ns10:RegisteredOffice2023-01-012023-12-3103481047ns5:CurrentFinancialInstruments2023-12-3103481047ns5:CurrentFinancialInstruments2022-12-3103481047ns5:ShareCapital2023-12-3103481047ns5:ShareCapital2022-12-3103481047ns5:RetainedEarningsAccumulatedLosses2023-12-3103481047ns5:RetainedEarningsAccumulatedLosses2022-12-3103481047ns5:PlantMachinery2023-01-012023-12-3103481047ns5:PlantMachinery2022-12-3103481047ns5:PlantMachinery2023-12-3103481047ns5:PlantMachinery2022-12-3103481047ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3103481047ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3103481047ns5:CurrentFinancialInstruments2023-01-012023-12-31
REGISTERED NUMBER: 03481047 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

RB CONNECTIONS LTD

RB CONNECTIONS LTD (REGISTERED NUMBER: 03481047)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


RB CONNECTIONS LTD

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: R A Barlay
Ms J E Barlay





REGISTERED OFFICE: Langley House
Park Road
London
N2 8EY





REGISTERED NUMBER: 03481047 (England and Wales)





ACCOUNTANTS: Accura Accountants Ltd
Langley House
Park Road
East Finchley
London
N2 8EY

RB CONNECTIONS LTD (REGISTERED NUMBER: 03481047)

STATEMENT OF FINANCIAL POSITION
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 65 81
Investment property 5 607,500 607,500
607,565 607,581

CURRENT ASSETS
Debtors 6 - 288
Cash at bank 927 927
927 1,215
CREDITORS
Amounts falling due within one year 7 110,822 120,168
NET CURRENT LIABILITIES (109,895 ) (118,953 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

497,670

488,628

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 497,667 488,625
497,670 488,628

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

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

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 20 February 2024 and were signed on its behalf by:




R A Barlay - Director


RB CONNECTIONS LTD (REGISTERED NUMBER: 03481047)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

RB Connections Ltd 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 recognised at the fair value of the consideration received or receivable for rental income.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficits arising from changes in fair value is recognised in profit or loss.

This is a departure from the Companies Act which requires assets to be depreciated. However, in the opinion of the directors, property is held primarily for their investment potential and so fair value is of more significance as a measure of consumption. They therefore have applied a true and fair override with respect to investment properties.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

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 statement of financial position date.


RB CONNECTIONS LTD (REGISTERED NUMBER: 03481047)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Impairment of assets
A review of indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversals at each reporting date.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 9,721
DEPRECIATION
At 1 January 2023 9,640
Charge for year 16
At 31 December 2023 9,656
NET BOOK VALUE
At 31 December 2023 65
At 31 December 2022 81

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 607,500
NET BOOK VALUE
At 31 December 2023 607,500
At 31 December 2022 607,500

The directors believe there are no material difference between the fair value of the property and the value in the financial statements

RB CONNECTIONS LTD (REGISTERED NUMBER: 03481047)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors - 288

The other debtors due within one year represents prepayment of £288 (2021: £nil).

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security 2,126 4,819
Other creditors 108,696 115,349
110,822 120,168

Included in other creditors due within one year is accrued expenses of £1,800 (2022: £1,800).

8. RELATED PARTY DISCLOSURES

Included in other creditors is a balance of £106,896 (2022: £113,549) owed to the directors. This amount has been provided to the company on an interest free basis.