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REGISTERED NUMBER: 12382941 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

RSB RESIDENTIAL LIMITED

RSB RESIDENTIAL LIMITED (REGISTERED NUMBER: 12382941)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RSB RESIDENTIAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 March 2024







DIRECTOR: R S Bird





REGISTERED OFFICE: 19 Ryton Way
Hilton
Derby
Derbyshire
DE65 5GY





REGISTERED NUMBER: 12382941 (England and Wales)





ACCOUNTANTS: Mills & Black
Derwent House
141-145 Dale Road
Matlock
Derbyshire
DE4 3LU

RSB RESIDENTIAL LIMITED (REGISTERED NUMBER: 12382941)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 14,705 16,651
Investment property 4 751,119 751,119
765,824 767,770

CURRENT ASSETS
Debtors 5 893 858
Cash at bank 18,183 11,945
19,076 12,803
CREDITORS
Amounts falling due within one year 6 376,477 384,722
NET CURRENT LIABILITIES (357,401 ) (371,919 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

408,423

395,851

CREDITORS
Amounts falling due after more than one
year

7

(397,976

)

(376,875

)

PROVISIONS FOR LIABILITIES (2,383 ) (1,203 )
NET ASSETS 8,064 17,773

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 9 18,555 18,555
Retained earnings (10,492 ) (783 )
8,064 17,773

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

RSB RESIDENTIAL LIMITED (REGISTERED NUMBER: 12382941)

BALANCE SHEET - continued
31 March 2024



The financial statements were approved by the director and authorised for issue on 8 August 2024 and were signed by:





R S Bird - Director


RSB RESIDENTIAL LIMITED (REGISTERED NUMBER: 12382941)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024

1. 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 as modified by the revaluation of certain assets.

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.

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.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

RSB RESIDENTIAL LIMITED (REGISTERED NUMBER: 12382941)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 March 2024

3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 19,695
Additions 675
At 31 March 2024 20,370
DEPRECIATION
At 1 April 2023 3,044
Charge for year 2,621
At 31 March 2024 5,665
NET BOOK VALUE
At 31 March 2024 14,705
At 31 March 2023 16,651

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 751,119
NET BOOK VALUE
At 31 March 2024 751,119
At 31 March 2023 751,119

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2021 135,000
Valuation in 2022 487,421
Valuation in 2023 128,698
751,119

If investment property had not been revalued it would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 732,564 732,564

Investment property was valued on an open market basis on 31 March 2023 by the director .

RSB RESIDENTIAL LIMITED (REGISTERED NUMBER: 12382941)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 615 575
Other debtors 278 283
893 858

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 376,477 384,722

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 397,976 376,875

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 397,976 376,875

9. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 18,555