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Registered number: 13870036
Rsf Property Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
APH Accountants Ltd
Chartered Management Accountants
259 Wallasey Village
Wallasey
Merseyside
CH45 3LR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13870036
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 671 894
Investment Properties 5 193,766 193,766
194,437 194,660
CURRENT ASSETS
Cash at bank and in hand 3,109 497
3,109 497
Creditors: Amounts Falling Due Within One Year 6 (64,655 ) (64,259 )
NET CURRENT ASSETS (LIABILITIES) (61,546 ) (63,762 )
TOTAL ASSETS LESS CURRENT LIABILITIES 132,891 130,898
Creditors: Amounts Falling Due After More Than One Year 7 (133,652 ) (133,659 )
NET LIABILITIES (761 ) (2,761 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (861 ) (2,861 )
SHAREHOLDERS' FUNDS (761) (2,761)
Page 1
Page 2
For the year ending 31 January 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 Richard Forster
Director
30th October 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Rsf Property Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13870036 . The registered office is 259 Wallasey Village, Wallasey, Merseyside, CH45 3LR.
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 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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:
Freehold 0
Plant & Machinery 20& S/L
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 February 2023 1,118
As at 31 January 2024 1,118
Depreciation
As at 1 February 2023 224
Provided during the period 223
As at 31 January 2024 447
Net Book Value
As at 31 January 2024 671
As at 1 February 2023 894
5. Investment Property
2024
£
Fair Value
As at 1 February 2023 and 31 January 2024 193,766
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (277 ) (283 )
Bank loans and overdrafts 5,121 5,121
Other creditors 1,000 900
Tenant Deposit Scheme (1,000 ) (900 )
Accruals and deferred income 850 850
Director's loan account 58,961 58,571
64,655 64,259
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 133,652 133,659
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Page 5
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5