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REGISTERED NUMBER: 04609005 (England and Wales)















R B DEVELOPMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024






R B DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04609005)

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


R B DEVELOPMENTS LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: R A Burgin
J Eastwood





SECRETARY: R A Burgin





REGISTERED OFFICE: Field View
2 Wessenden Head Close
Meltham
Holmfirth
West Yorkshire
HD9 4FB





REGISTERED NUMBER: 04609005 (England and Wales)





ACCOUNTANTS: SMH Sheards
Chartered Accountants
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS

R B DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04609005)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 25,651 33,554

CURRENT ASSETS
Stocks 5 719,868 379,540
Debtors 6 96,458 163,887
Cash at bank 48,486 123,812
864,812 667,239
CREDITORS
Amounts falling due within one year 7 (369,470 ) (174,644 )
NET CURRENT ASSETS 495,342 492,595
TOTAL ASSETS LESS CURRENT
LIABILITIES

520,993

526,149

CREDITORS
Amounts falling due after more than one year 8 (14,145 ) (23,635 )

PROVISIONS FOR LIABILITIES 10 (4,874 ) (6,375 )
NET ASSETS 501,974 496,139

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 501,874 496,039
SHAREHOLDERS' FUNDS 501,974 496,139

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 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.

R B DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04609005)

BALANCE SHEET - continued
31 March 2024


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 20 November 2024 and were signed on its behalf by:





R A Burgin - Director


R B DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04609005)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024


1. STATUTORY INFORMATION

R B Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Turnover represents amounts invoiced to customers, except in respect of contracting activities where cumulative turnover for contracts is ascertained on interim stage valuations or a prudent review of the costs incurred to date and the assessment of completion of the contract, on a contract by contract basis.

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 - 33% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Costs include all direct material and labour costs incurred in bringing a contract to its state of completion at the year end, including an appropriate proportion of indirect expenses and profits earned to date.

R B DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04609005)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other debtors, amounts owed by group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs.

Financial assets are assessed for indicators of impairment at each balance sheet date, with any impairment losses being recognised in profit or loss. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed in profit or loss.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including trade and other creditors, bank loans, accruals and amounts owed to group undertakings, are initially recognised at transaction price.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

R B DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04609005)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 123,284
Additions 3,833
At 31 March 2024 127,117
DEPRECIATION
At 1 April 2023 89,730
Charge for year 11,736
At 31 March 2024 101,466
NET BOOK VALUE
At 31 March 2024 25,651
At 31 March 2023 33,554

5. STOCKS
2024 2023
£    £   
Work-in-progress 719,868 379,540

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 54,672 8,772
Other debtors 41,786 155,115
96,458 163,887

R B DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04609005)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 85,487 55,306
Taxation and social security 13,813 11,982
Other creditors 260,170 97,356
369,470 174,644

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 14,145 23,635

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 24,145 33,635

Bank loans are secured by way of debenture.

Bounceback loans are secured by the government.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 4,874 6,375

Deferred
tax
£   
Balance at 1 April 2023 6,375
Credit to Income Statement during year (1,501 )
Balance at 31 March 2024 4,874

R B DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04609005)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


11. RELATED PARTY DISCLOSURES

Loans owing to the director on an interest free basis of £199,749 (2023: £89,533) were outstanding at the year end. Loans will be repaid when funds permit.

Debtors includes a £26,263 (2023 - £27,263) loan to Field View Home Yorkshire Limited, a company owned by the directors of R B Developments Limited. The loans are interest free and are repayable on demand.