Company Registration No. 03798624 (England and Wales)
R And B Properties Limited
Unaudited accounts
for the year ended 31 December 2023
R And B Properties Limited
Unaudited accounts
Contents
R And B Properties Limited
Company Information
for the year ended 31 December 2023
Directors
Marie Oxley
Jane Armstrong
William Dominic Oxley
Company Number
03798624 (England and Wales)
Registered Office
Roose Lodge
Old Roose
Barrow-in-furness
Cumbria
LA13 0ET
England
Accountants
EHA Accountancy Ltd
2 Lower Brook Street
Ulverston
Cumbria
LA12 7EE
R And B Properties Limited
Statement of financial position
as at 31 December 2023
Tangible assets
6,000
7,381
Investment property
900,121
960,121
Cash at bank and in hand
36,869
2,170
Creditors: amounts falling due within one year
(10,110)
(46,332)
Net current assets/(liabilities)
62,583
(42,912)
Total assets less current liabilities
968,704
924,590
Provisions for liabilities
Deferred tax
(89,242)
(89,242)
Net assets
879,462
835,348
Called up share capital
1,000
1,000
Profit and loss account
878,462
834,348
Shareholders' funds
879,462
835,348
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by
William Dominic Oxley
Director
Company Registration No. 03798624
R And B Properties Limited
Notes to the Accounts
for the year ended 31 December 2023
R And B Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 03798624. The registered office is Roose Lodge, Old Roose , Barrow-in-furness, Cumbria, LA13 0ET, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Fixtures & fittings
10% straight line
Computer equipment
25% straight line
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
R And B Properties Limited
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
22,468
12,399
450
35,317
At 31 December 2023
22,468
12,399
450
35,317
At 1 January 2023
21,906
5,580
450
27,936
Charge for the year
141
1,240
-
1,381
At 31 December 2023
22,047
6,820
450
29,317
At 31 December 2023
421
5,579
-
6,000
At 31 December 2022
562
6,819
-
7,381
Fair value at 1 January 2023
960,121
At 31 December 2023
900,121
Mr W Oxley (director) has valued the properties based on market values at the time.
Amounts falling due within one year
Accrued income and prepayments
990
1,250
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
8,412
8,983
Loans from directors
-
34,806
8
Transactions with related parties
Included within creditors is an amount due to the directors of £34,834.
During the year the company paid dividends as follows:-
Mr & Mrs W Oxley £2,000
Mrs J Armstrong £1,000
R And B Properties Limited
Notes to the Accounts
for the year ended 31 December 2023
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).