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REGISTERED NUMBER: 14511917 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

R & B SWITCHGEAR GROUP PROPERTIES LTD

R & B SWITCHGEAR GROUP PROPERTIES LTD (Registered number: 14511917)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


R & B SWITCHGEAR GROUP PROPERTIES LTD

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mrs S Beswick
M E Beswick
M S Beswick





REGISTERED OFFICE: Switchgear House The Courtyard,
Green Lane
Heywood
OL10 2EX





REGISTERED NUMBER: 14511917 (England and Wales)





ACCOUNTANTS: PKW LLP Chartered Accountants
Cloth Hall
150 Drake Street
Rochdale
Lancashire
OL16 1PX

R & B SWITCHGEAR GROUP PROPERTIES LTD (Registered number: 14511917)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,132,552 -

CURRENT ASSETS
Debtors 5 207,486 -
Cash at bank 1,285 16
208,771 16
CREDITORS
Amounts falling due within one year 6 814,462 4,200
NET CURRENT LIABILITIES (605,691 ) (4,184 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

526,861

(4,184

)

CREDITORS
Amounts falling due after more than one year 7 544,168 -
NET LIABILITIES (17,307 ) (4,184 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (17,407 ) (4,284 )
(17,307 ) (4,184 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

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

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 26 February 2025 and were signed on its behalf by:





M E Beswick - Director


R & B SWITCHGEAR GROUP PROPERTIES LTD (Registered number: 14511917)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

R & B SWITCHGEAR GROUP PROPERTIES LTD 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.

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.

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 (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 1,132,552
At 31 May 2024 1,132,552
NET BOOK VALUE
At 31 May 2024 1,132,552

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 207,486 -

R & B SWITCHGEAR GROUP PROPERTIES LTD (Registered number: 14511917)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 45,832 -
Amounts owed to group undertakings 765,030 2,400
Other creditors 3,600 1,800
814,462 4,200

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 544,168 -

8. OTHER FINANCIAL COMMITMENTS

On 25th April 2023, a fixed charge was formed relating to a property which was purchased by the company during the year.

On 19th July 2023, a fixed charged was formed relating to a property purchased by the company during the year.

9. ULTIMATE CONTROLLING PARTY

R & B Switchgear Group Ltd ( formerly R & B Switchgear (Holdings) Ltd ) is the company's holding company.

On 07/11/2023, the entire share capital of R & B Switchgear Group Ltd ( formerly R & B Switchgear (Holdings) Ltd ) was acquired by R & B Switchgear Holdings Ltd.