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REGISTERED NUMBER: 09270325 (England and Wales)




























Unaudited Financial Statements

for the Year Ended 31 October 2023

for

RBG Developments Limited

RBG Developments Limited (Registered number: 09270325)

Contents of the Financial Statements
for the year ended 31 October 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


RBG Developments Limited

Company Information
for the year ended 31 October 2023







DIRECTORS: R J Giles
Mrs S J Giles





REGISTERED OFFICE: Watlynge
Bitchet Green
Seal
Sevenoaks
Kent
TN15 0ND





REGISTERED NUMBER: 09270325 (England and Wales)





ACCOUNTANTS: Porritt Rainey
The Crown Business Centre
10 High Street
Otford
Sevenoaks
Kent
TN14 5PQ

RBG Developments Limited (Registered number: 09270325)

Statement of Financial Position
31 October 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,593 2,896
Investments 5 1,357,157 1,763,970
Investment property 6 930,461 930,461
2,290,211 2,697,327

CURRENT ASSETS
Stocks 1,032,418 1,929,107
Debtors 7 49,497 44,230
Cash at bank 1,485,394 1,922,672
2,567,309 3,896,009
CREDITORS
Amounts falling due within one year 8 (3,862,585 ) (5,846,606 )
NET CURRENT LIABILITIES (1,295,276 ) (1,950,597 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

994,935

746,730

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 993,935 745,730
994,935 746,730

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 22 July 2024 and were signed on its behalf by:





R J Giles - Director


RBG Developments Limited (Registered number: 09270325)

Notes to the Financial Statements
for the year ended 31 October 2023


1. STATUTORY INFORMATION

RBG 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 20% on cost

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

RBG Developments Limited (Registered number: 09270325)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 33,617
Additions 1,883
At 31 October 2023 35,500
DEPRECIATION
At 1 November 2022 30,721
Charge for year 2,186
At 31 October 2023 32,907
NET BOOK VALUE
At 31 October 2023 2,593
At 31 October 2022 2,896

5. FIXED ASSET INVESTMENTS

2023 2022
£    £   
Participating interests 21,050 21,050
Loans to undertakings in which the company
has a participating interest

1,336,107

1,742,920
1,357,157 1,763,970

Additional information is as follows:
Interest
in joint
venture
£   
COST
At 1 November 2022
and 31 October 2023 21,050
NET BOOK VALUE
At 31 October 2023 21,050
At 31 October 2022 21,050
Loans to
joint
ventures
£   
At 1 November 2022 1,742,920
New in year 457,464
Repayment in year (864,277 )
At 31 October 2023 1,336,107

RBG Developments Limited (Registered number: 09270325)

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


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 930,461
NET BOOK VALUE
At 31 October 2023 930,461
At 31 October 2022 930,461

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 49,497 44,230

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 13,010 12,770
Tax 79,247 64,368
Social security and other taxes 3,619 3,550
Pension Scheme 32 32
Net Wages Control 949 458
Deposits 345 345
Directors' current accounts 3,762,143 5,762,143
Accrued expenses 3,240 2,940
3,862,585 5,846,606

The director is not charging interest on his account with the company.