Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 11832416 Mr Rameshwar Hanspal iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11832416 2023-02-28 11832416 2024-02-28 11832416 2023-03-01 2024-02-28 11832416 frs-core:CurrentFinancialInstruments 2024-02-28 11832416 frs-core:Non-currentFinancialInstruments 2024-02-28 11832416 frs-core:ComputerEquipment 2024-02-28 11832416 frs-core:ComputerEquipment 2023-03-01 2024-02-28 11832416 frs-core:ComputerEquipment 2023-02-28 11832416 frs-core:FurnitureFittings 2024-02-28 11832416 frs-core:FurnitureFittings 2023-03-01 2024-02-28 11832416 frs-core:FurnitureFittings 2023-02-28 11832416 frs-core:ShareCapital 2024-02-28 11832416 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 11832416 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 11832416 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 11832416 frs-bus:SmallEntities 2023-03-01 2024-02-28 11832416 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 11832416 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 11832416 frs-bus:Director1 2023-03-01 2024-02-28 11832416 frs-countries:EnglandWales 2023-03-01 2024-02-28 11832416 2022-02-28 11832416 2023-02-28 11832416 2022-03-01 2023-02-28 11832416 frs-core:CurrentFinancialInstruments 2023-02-28 11832416 frs-core:Non-currentFinancialInstruments 2023-02-28 11832416 frs-core:ShareCapital 2023-02-28 11832416 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 11832416
Rsb Properties (London) Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11832416
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 308 412
Investment Properties 5 232,302 232,302
232,610 232,714
CURRENT ASSETS
Cash at bank and in hand 25,060 24,610
25,060 24,610
Creditors: Amounts Falling Due Within One Year 6 (35,969 ) (34,932 )
NET CURRENT ASSETS (LIABILITIES) (10,909 ) (10,322 )
TOTAL ASSETS LESS CURRENT LIABILITIES 221,701 222,392
Creditors: Amounts Falling Due After More Than One Year 7 (219,505 ) (219,505 )
NET ASSETS 2,196 2,887
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 2,096 2,787
SHAREHOLDERS' FUNDS 2,196 2,887
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For the year ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Rameshwar Hanspal
Director
30/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Rsb Properties (London) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11832416 . The registered office is 4 Nutter Lane, London, E11 2HY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration receivable. Turnover includes revenue earned from the rental of owned residential properties and management fees for property management.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 March 2023 500 800 1,300
As at 28 February 2024 500 800 1,300
Depreciation
As at 1 March 2023 373 515 888
Provided during the period 32 72 104
As at 28 February 2024 405 587 992
Net Book Value
As at 28 February 2024 95 213 308
As at 1 March 2023 127 285 412
5. Investment Property
2024
£
Fair Value
As at 1 March 2023 and 28 February 2024 232,302
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1,458
Corporation tax 164 164
Other creditors 35,805 33,310
35,969 34,932
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 219,505 219,505
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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