Registered number
10419914
RSL Property Holdings Limited
Filleted Accounts
31 October 2023
RSL Property Holdings Limited
Registered number: 10419914
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Current assets
Stocks 515,000 515,000
Debtors 3 85,955 58,931
Investments held as current assets 4 2 2
Cash at bank and in hand 33,839 66,374
634,796 640,307
Creditors: amounts falling due within one year 5 (9,503) (3,125)
Net current assets 625,293 637,182
Total assets less current liabilities 625,293 637,182
Creditors: amounts falling due after more than one year 6 (511,282) (522,121)
Net assets 114,011 115,061
Capital and reserves
Called up share capital 2 2
Revaluation reserve 7 163,200 163,200
Profit and loss account (49,192) (48,141)
Shareholders' funds 114,010 115,061
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S LYDDON
Director
Approved by the board on 31 July 2024
RSL Property Holdings Limited
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - 1
3 Debtors 2023 2022
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 34,955 515
Other debtors 51,000 58,416
85,955 58,931
4 Investments held as current assets 2023 2022
£ £
Fair value
Unlisted investments 2 2
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 6,455 -
Trade creditors - 218
Taxation and social security costs 1,745 1,745
Other creditors 1,304 1,162
9,503 3,125
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 511,282 522,121
7 Revaluation reserve 2023 2022
£ £
At 1 November 2022 163,200 163,200
At 31 October 2023 163,200 163,200
8 Other information
RSL Property Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is:
Building 18, Gateway 1000
Whittle Way, Arlington Business Park
Stevenage
Hertfordshire
SG1 2FP
RSL Property Holdings Limited 10419914 false 2022-11-01 2023-10-31 2023-10-31 VT Final Accounts April 2024 S LYDDON No description of principal activity 10419914 2021-11-01 2022-10-31 10419914 core:WithinOneYear 2022-10-31 10419914 core:AfterOneYear 2022-10-31 10419914 core:ShareCapital 2022-10-31 10419914 core:OtherReservesSubtotal 2022-10-31 10419914 core:RetainedEarningsAccumulatedLosses 2022-10-31 10419914 core:RevaluationReserve 2021-10-31 10419914 2022-11-01 2023-10-31 10419914 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 10419914 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 10419914 bus:Director40 2022-11-01 2023-10-31 10419914 1 2022-11-01 2023-10-31 10419914 2 2022-11-01 2023-10-31 10419914 countries:England 2022-11-01 2023-10-31 10419914 bus:FRS102 2022-11-01 2023-10-31 10419914 bus:FilletedAccounts 2022-11-01 2023-10-31 10419914 2023-10-31 10419914 core:WithinOneYear 2023-10-31 10419914 core:AfterOneYear 2023-10-31 10419914 core:ShareCapital 2023-10-31 10419914 core:OtherReservesSubtotal 2023-10-31 10419914 core:RetainedEarningsAccumulatedLosses 2023-10-31 10419914 core:RevaluationReserve 2023-10-31 10419914 2022-10-31 10419914 core:RevaluationReserve 2022-10-31 iso4217:GBP xbrli:pure