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REGISTERED NUMBER: SC712931 (Scotland)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

RBI Property Limited

RBI Property Limited (Registered number: SC712931)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RBI Property Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mr C Campbell
Mr B Kerr
Mr G Stewart





REGISTERED OFFICE: Pavilion 2 Minerva Way
Glasgow
G3 8AU





REGISTERED NUMBER: SC712931 (Scotland)





ACCOUNTANTS: Advantage Accounting (Scotland) Ltd
Pavilion 2
Finnieston Business Park
Minerva Way
Glasgow
G3 8AU

RBI Property Limited (Registered number: SC712931)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 605,000 451,829

CURRENT ASSETS
Debtors 5 15,483 424
Cash at bank 7,698 1,827
23,181 2,251
CREDITORS
Amounts falling due within one year 6 34,997 466,377
NET CURRENT LIABILITIES (11,816 ) (464,126 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

593,184

(12,297

)

CREDITORS
Amounts falling due after more than one
year

7

471,736

-
NET ASSETS/(LIABILITIES) 121,448 (12,297 )

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 153,171 -
Retained earnings (31,823 ) (12,397 )
SHAREHOLDERS' FUNDS 121,448 (12,297 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

RBI Property Limited (Registered number: SC712931)

Balance Sheet - continued
31 October 2023


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 Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:




Mr G Stewart - Director



Mr C Campbell - Director


RBI Property Limited (Registered number: SC712931)

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

1. STATUTORY INFORMATION

RBI Property 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 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

RBI Property Limited (Registered number: SC712931)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 451,829
Revaluations 153,171
At 31 October 2023 605,000
NET BOOK VALUE
At 31 October 2023 605,000
At 31 October 2022 451,829

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2023 153,171
Cost 451,829
605,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors 15,483 424

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 24,513 -
Trade creditors 1,023 -
Other creditors 9,461 466,377
34,997 466,377

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 471,736 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 373,683 -

RBI Property Limited (Registered number: SC712931)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Bank loans 496,249 -

The Shawbrook Bank mortgage is secured by a floating charge over the assets of the company and a standard security over all properties owned by the company.

9. RESERVES
Fair
value
reserve
£   
Fair value movement 153,171

At 31 October 2023 153,171