51RBL Limited 06418926 false 2023-10-30 2024-10-29 2024-10-29 The principal activity of the company is that of a hotel Digita Accounts Production Advanced 6.30.9574.0 true true 06418926 2023-10-30 2024-10-29 06418926 2024-10-29 06418926 bus:OrdinaryShareClass1 bus:OtherShareType 2024-10-29 06418926 core:CurrentFinancialInstruments 2024-10-29 06418926 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-29 06418926 core:Non-currentFinancialInstruments 2024-10-29 06418926 core:Non-currentFinancialInstruments core:AfterOneYear 2024-10-29 06418926 core:FurnitureFittingsToolsEquipment 2024-10-29 06418926 core:LandBuildings 2024-10-29 06418926 core:OtherPropertyPlantEquipment 2024-10-29 06418926 bus:SmallEntities 2023-10-30 2024-10-29 06418926 bus:AuditExemptWithAccountantsReport 2023-10-30 2024-10-29 06418926 bus:FilletedAccounts 2023-10-30 2024-10-29 06418926 bus:SmallCompaniesRegimeForAccounts 2023-10-30 2024-10-29 06418926 bus:RegisteredOffice 2023-10-30 2024-10-29 06418926 bus:Director3 2023-10-30 2024-10-29 06418926 bus:Director4 2023-10-30 2024-10-29 06418926 bus:OrdinaryShareClass1 bus:OtherShareType 2023-10-30 2024-10-29 06418926 bus:PrivateLimitedCompanyLtd 2023-10-30 2024-10-29 06418926 core:ComputerEquipment 2023-10-30 2024-10-29 06418926 core:FurnitureFittings 2023-10-30 2024-10-29 06418926 core:FurnitureFittingsToolsEquipment 2023-10-30 2024-10-29 06418926 core:LandBuildings 2023-10-30 2024-10-29 06418926 core:LeaseholdImprovements 2023-10-30 2024-10-29 06418926 core:OtherPropertyPlantEquipment 2023-10-30 2024-10-29 06418926 core:PlantMachinery 2023-10-30 2024-10-29 06418926 countries:EnglandWales 2023-10-30 2024-10-29 06418926 2023-10-29 06418926 core:FurnitureFittingsToolsEquipment 2023-10-29 06418926 core:LandBuildings 2023-10-29 06418926 core:OtherPropertyPlantEquipment 2023-10-29 06418926 2022-04-30 2023-10-29 06418926 2023-10-29 06418926 bus:OrdinaryShareClass1 bus:OtherShareType 2023-10-29 06418926 core:CurrentFinancialInstruments 2023-10-29 06418926 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-29 06418926 core:Non-currentFinancialInstruments 2023-10-29 06418926 core:Non-currentFinancialInstruments core:AfterOneYear 2023-10-29 06418926 core:FurnitureFittingsToolsEquipment 2023-10-29 06418926 core:LandBuildings 2023-10-29 06418926 core:OtherPropertyPlantEquipment 2023-10-29 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 06418926

51RBL Limited

Unaudited Filleted Financial Statements

for the Year Ended 29 October 2024

 

51RBL Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

51RBL Limited

Company Information

Directors

Mr Michael Bruce Cornish

Mrs Jane Lynn Cornish

Registered office

51 Robbery Bottom Lane
Welwyn
Hertfordshire
AL6 0UL

Accountants

RS Partnership Ltd
Chartered Certified Accountants
10 Prospect Place
Welwyn
Hertfordshire
AL6 9EW

 

51RBL Limited

(Registration number: 06418926)
Balance Sheet as at 29 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

-

49,348

Current assets

 

Stocks

5

-

9,775

Debtors

6

55,786

-

Cash at bank and in hand

 

1,154

72,514

 

56,940

82,289

Creditors: Amounts falling due within one year

7

(39,600)

(57,393)

Net current assets

 

17,340

24,896

Total assets less current liabilities

 

17,340

74,244

Creditors: Amounts falling due after more than one year

7

(11,350)

(127,741)

Net assets/(liabilities)

 

5,990

(53,497)

Capital and reserves

 

Called up share capital

8

1

1

Retained earnings

5,989

(53,498)

Shareholders' funds/(deficit)

 

5,990

(53,497)

For the financial year ending 29 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 April 2025 and signed on its behalf by:
 

 

51RBL Limited

(Registration number: 06418926)
Balance Sheet as at 29 October 2024

.........................................
Mr Michael Bruce Cornish
Director

 

51RBL Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
51 Robbery Bottom Lane
Welwyn
Hertfordshire
AL6 0UL
England

These financial statements were authorised for issue by the Board on 3 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are presented in Pounds Sterling (£), which is the Company’s functional
currency. All amounts have been rounded to the nearest pound, unless otherwise indicated.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

51RBL Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 October 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Improvements to property

10% on cost

Fixtures and fittings

20% reducing balance

Computer equipment

20% reducing balance

Plant and machinery

20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

51RBL Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 October 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2023 - 11).

 

51RBL Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 October 2024

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Other property, plant and equipment
 £

Total
£

Cost or valuation

At 30 October 2023

83,738

91,618

30,982

206,338

Disposals

(83,738)

(91,618)

(30,982)

(206,338)

At 29 October 2024

-

-

-

-

Depreciation

At 30 October 2023

53,628

80,142

23,220

156,990

Eliminated on disposal

(53,628)

(80,142)

(23,220)

(156,990)

At 29 October 2024

-

-

-

-

Carrying amount

At 29 October 2024

-

-

-

-

At 29 October 2023

30,110

11,476

7,762

49,348

Included within the net book value of land and buildings above is £Nil (2023 - £30,110) in respect of short leasehold land and buildings.
 

5

Stocks

2024
£

2023
£

Other inventories

-

9,775

6

Debtors

2024
£

2023
£

Other debtors

77

-

Directors Loan Account

55,709

-

55,786

-

 

51RBL Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 October 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Bank loans and overdrafts

9

10,250

9,998

Trade creditors

 

-

15,169

Taxation and social security

 

-

14,222

Accruals and deferred income

 

-

5,646

Other creditors

 

17

12,358

Corporation tax

 

29,333

-

 

39,600

57,393

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

11,350

127,741

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1

       

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

11,350

21,576

Directors loan account

-

106,165

11,350

127,741

 

51RBL Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 October 2024

Current loans and borrowings

2024
£

2023
£

Bank borrowings

10,250

9,998