Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-312023-06-01falseHolding investments in the subsidairy undertakings,receiving rents from the investment propertiesand management fees22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06035588 2023-06-01 2024-05-31 06035588 2022-06-01 2023-05-31 06035588 2024-05-31 06035588 2023-05-31 06035588 1 2023-06-01 2024-05-31 06035588 d:Director2 2023-06-01 2024-05-31 06035588 c:Buildings 2023-06-01 2024-05-31 06035588 c:Buildings 2024-05-31 06035588 c:Buildings 2023-05-31 06035588 c:CurrentFinancialInstruments 2024-05-31 06035588 c:CurrentFinancialInstruments 2023-05-31 06035588 c:Non-currentFinancialInstruments 2024-05-31 06035588 c:Non-currentFinancialInstruments 2023-05-31 06035588 c:CurrentFinancialInstruments c:WithinOneYear 2024-05-31 06035588 c:CurrentFinancialInstruments c:WithinOneYear 2023-05-31 06035588 c:Non-currentFinancialInstruments c:AfterOneYear 2024-05-31 06035588 c:Non-currentFinancialInstruments c:AfterOneYear 2023-05-31 06035588 c:ShareCapital 2024-05-31 06035588 c:ShareCapital 2023-05-31 06035588 c:RetainedEarningsAccumulatedLosses 2024-05-31 06035588 c:RetainedEarningsAccumulatedLosses 2023-05-31 06035588 d:FRS102 2023-06-01 2024-05-31 06035588 d:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 06035588 d:FullAccounts 2023-06-01 2024-05-31 06035588 d:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 06035588 6 2023-06-01 2024-05-31 06035588 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure



Company Registration No. 06035588 (England and Wales)





RATHBAWN PROPERTIES LIMITED

UNAUDITED
FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MAY 2024










































 
RATHBAWN PROPERTIES LIMITED
REGISTERED NUMBER:06035588

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible fixed assets
  
2,789,877
2,280,993

Investments
 5 
3,015,000
3,015,000

  
5,804,877
5,295,993

Current assets
  

Debtors due within 1 year
 6 
491,485
917,126

Cash at bank and in hand
  
149,132
376,542

  
640,617
1,293,668

Creditors: amounts falling due within one year
 7 
(270,525)
(329,751)

Net current assets
  
 
 
370,092
 
 
963,917

Total assets less current liabilities
  
6,174,969
6,259,910

Creditors: amounts falling due after more than one year
 8 
-
(746,089)

  

Net assets
  
6,174,969
5,513,821


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
6,174,869
5,513,721

  
6,174,969
5,513,821


Page 1

 
RATHBAWN PROPERTIES LIMITED
REGISTERED NUMBER:06035588
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 February 2025.




___________________________
W J Byrne
Director

Page 2

 
RATHBAWN PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Rathbawn Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is 40 Chamberlayne Road, London, NW10 3JE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover represents rent and management fees receivable net of VAT. 

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Freehold properties are maintained so as to ensure that their values do not diminish over time. The maintenance costs are charged to the profit and loss account in the year in which they are incurred. In the director's opinion, depreciation would be immaterial and has not been charged.



 
2.4

Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment are recognised immediately in the profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
RATHBAWN PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 June 2023
2,280,993


Additions
508,884



At 31 May 2024

2,789,877






Net book value



At 31 May 2024
2,789,877



At 31 May 2023
2,280,993

Page 4

 
RATHBAWN PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 June 2023
3,015,000



At 31 May 2024
3,015,000







6.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
-
223,456

Other debtors
491,485
693,670

491,485
917,126


Included within other debtors is an amount of £206,544 (2023 £492,470) due from the directors. This was the total amount advanced to them during the year. This loan is unsecured, interest free, and repayable on demand and it was repaid in full since year end. 


7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
-
123,304

Trade creditors
917
19,063

Amounts owed to group undertakings
240,434
-

Corporation tax
-
35,517

Other taxation and social security
9,114
14,244

Other creditors
-
110,153

Accruals and deferred income
20,060
27,470

270,525
329,751


Page 5

 
RATHBAWN PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
-
746,089

-
746,089



9.


Profit and loss reserves

2024
2023
£
£



At the beginning of the year
5,513,721
4,953,843

Profit for the year
661,148
559,878

At the end of the year
6,174,869
5,513,721


10.


Post balance sheet events

There were no events since the year end which materially affected the company.


11.


Controlling party

William Byrne and Nolan Byrne together own 100% of the issued share capital of the company and as such they are the ultimate controllers of the company.

Page 6