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REGISTERED NUMBER: SC512516 (Scotland)




















R B PARTNERSHIP LIMITED

Unaudited Financial Statements

for the Year Ended 31 August 2023






R B PARTNERSHIP LIMITED (Registered number: SC512516)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R B PARTNERSHIP LIMITED

Company Information
for the Year Ended 31 August 2023







DIRECTOR: Mr R F Burke



REGISTERED OFFICE: Hudson House
Albany Street
Edinburgh
Midlothian
EH1 3QB



REGISTERED NUMBER: SC512516 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: Santander Business Banking
Bridle Road
Bootle
Liverpool
L30 4GB

R B PARTNERSHIP LIMITED (Registered number: SC512516)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 693 756
Investments 5 5,340 4,854
6,033 5,610

CURRENT ASSETS
Debtors 6 14,216 21,138
Cash at bank 25,713 28,798
39,929 49,936
CREDITORS
Amounts falling due within one year 7 33,703 40,880
NET CURRENT ASSETS 6,226 9,056
TOTAL ASSETS LESS CURRENT LIABILITIES 12,259 14,666

CREDITORS
Amounts falling due after more than one
year

8

(8,710

)

(13,837

)

PROVISIONS FOR LIABILITIES (132 ) (144 )
NET ASSETS 3,417 685

R B PARTNERSHIP LIMITED (Registered number: SC512516)

Balance Sheet - continued
31 August 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 485 -
Retained earnings 2,832 585
SHAREHOLDERS' FUNDS 3,417 685

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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.

The financial statements were approved by the director and authorised for issue on 27 August 2024 and were signed by:





Mr R F Burke - Director


R B PARTNERSHIP LIMITED (Registered number: SC512516)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

R B PARTNERSHIP LIMITED is a private company, limited by shares , registered in Scotland. 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 and revenue recognition
Turnover represents invoiced sales of services. Turnover is recognised when the services are supplied to the customer.

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 25% on cost

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.

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.


R B PARTNERSHIP LIMITED (Registered number: SC512516)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

2. ACCOUNTING POLICIES - continued
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.

Provisions for liabilities
Provisions are recognised where the company has a present obligation as a result of a past event, it is probably the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Investment
Investments in gold are initially recognised at cost. Subsequently, any surplus or deficit arising from changes in fair value is recognised in the income statement for the year.

No depreciation on investments in gold.

Deferred taxation is provided on any fair value surplus at the rate expected to apply when the gold is sold and at year end is included in fair value reserve with the relevant change in fair value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

R B PARTNERSHIP LIMITED (Registered number: SC512516)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022
and 31 August 2023 6,194
DEPRECIATION
At 1 September 2022 5,438
Charge for year 63
At 31 August 2023 5,501
NET BOOK VALUE
At 31 August 2023 693
At 31 August 2022 756

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
100g gold bullion 5,340 4,854

If 100g gold bullion had not been revalued it would have been included at the following historical cost:

2023 2022
£ £
Cost 4,854 4,854

The 100g gold bullion was valued on an open market basis on 31 August 2023 by the director.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,025 6,033
Other debtors 10,191 15,105
14,216 21,138

R B PARTNERSHIP LIMITED (Registered number: SC512516)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,038 4,911
Trade creditors 19,673 27,755
Taxation and social security 6,023 5,236
Other creditors 2,969 2,978
33,703 40,880

The director's current account is unsecured, interest free and has no fixed term of repayment.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 8,710 13,837

9. RESERVES
Fair
value
reserve
£   
transfer 485

At 31 August 2023 485

The fair value reserve represents the net revaluation surplus on investment in gold that is not readily distributable as realised earnings.

R B PARTNERSHIP LIMITED (Registered number: SC512516)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2023 and 31 August 2022:

2023 2022
£    £   
Mr R F Burke
Balance outstanding at start of year 1,369 14,922
Amounts advanced 6,845 8,558
Amounts repaid (8,294 ) (22,111 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (80 ) 1,369