IRIS Accounts Production v24.3.2.46 12109391 Board of Directors 1.10.23 30.9.24 30.9.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh121093912023-09-30121093912024-09-30121093912023-10-012024-09-30121093912022-09-30121093912022-10-012023-09-30121093912023-09-3012109391ns15:EnglandWales2023-10-012024-09-3012109391ns14:PoundSterling2023-10-012024-09-3012109391ns10:Director12023-10-012024-09-3012109391ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3012109391ns10:SmallEntities2023-10-012024-09-3012109391ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3012109391ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3012109391ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3012109391ns10:FullAccounts2023-10-012024-09-3012109391ns10:Director22023-10-012024-09-3012109391ns10:Director32023-10-012024-09-3012109391ns10:Director42023-10-012024-09-3012109391ns10:RegisteredOffice2023-10-012024-09-3012109391ns5:CurrentFinancialInstruments2024-09-3012109391ns5:CurrentFinancialInstruments2023-09-3012109391ns5:ShareCapital2024-09-3012109391ns5:ShareCapital2023-09-3012109391ns5:FurtherSpecificReserve3ComponentTotalEquity2024-09-3012109391ns5:FurtherSpecificReserve3ComponentTotalEquity2023-09-3012109391ns5:RetainedEarningsAccumulatedLosses2024-09-3012109391ns5:RetainedEarningsAccumulatedLosses2023-09-3012109391ns5:CostValuation2023-09-3012109391ns5:AdditionsToInvestments2024-09-3012109391ns5:DisposalsRepaymentsInvestments2024-09-3012109391ns5:RevaluationsIncreaseDecreaseInInvestments2024-09-3012109391ns5:CostValuation2024-09-3012109391ns5:Non-currentFinancialInstruments2024-09-3012109391ns5:Non-currentFinancialInstruments2023-09-3012109391ns5:RetainedEarningsAccumulatedLosses2023-09-3012109391ns5:FurtherSpecificReserve3ComponentTotalEquity2023-09-3012109391ns5:RetainedEarningsAccumulatedLosses2023-10-012024-09-30
REGISTERED NUMBER: 12109391 (England and Wales)



















Financial Statements

for the Year Ended 30 September 2024

for

R and B Investments (1997) Limited

R and B Investments (1997) Limited (Registered number: 12109391)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R and B Investments (1997) Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: R A Smith
Mrs B M Smith
C J Simpson
S Howe





REGISTERED OFFICE: The Mills
Canal Street
Derby
DE1 2RJ





REGISTERED NUMBER: 12109391 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

R and B Investments (1997) Limited (Registered number: 12109391)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 25,779,470 22,980,794

CURRENT ASSETS
Debtors 5 517,814 372,489
Cash at bank 2,026,922 1,565,922
2,544,736 1,938,411
CREDITORS
Amounts falling due within one year 6 1,078,936 241,040
NET CURRENT ASSETS 1,465,800 1,697,371
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,245,270

24,678,165

PROVISIONS FOR LIABILITIES 690,000 54,000
NET ASSETS 26,555,270 24,624,165

CAPITAL AND RESERVES
Called up share capital 23,850,000 23,850,000
Fair value reserve 7 2,014,934 163,652
Retained earnings 7 690,336 610,513
26,555,270 24,624,165

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 and B Investments (1997) Limited (Registered number: 12109391)

Balance Sheet - continued
30 September 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 March 2025 and were signed on its behalf by:





R A Smith - Director


R and B Investments (1997) Limited (Registered number: 12109391)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

R and B Investments (1997) 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.

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 represents dividends, interest and other investment income receivable. Income is recognised when it becomes due to the company.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date including provision for potential tax arising on investment revaluations.

Fixed asset investments
Listed investments are stated at fair value and any gains or losses are recognised in profit and loss. Investment gains are transferred to the fair value reserve.

Foreign currencies
Assets and liabilities in foreign currencies and translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies and translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 October 2023 22,980,794
Additions 9,946,808
Disposals (8,836,463 )
Revaluations 1,688,331
At 30 September 2024 25,779,470
NET BOOK VALUE
At 30 September 2024 25,779,470
At 30 September 2023 22,980,794

R and B Investments (1997) Limited (Registered number: 12109391)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30 September 2024 is represented by:

Other
investments
£   
Valuation in 2024 25,779,470

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 23,020,537 22,763,142

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Other debtors 392,099 372,489

Amounts falling due after more than one year:
Tax 125,715 -

Aggregate amounts 517,814 372,489

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 704,862 212,644
Amounts due to related company 366,754 21,255
Accrued expenses 7,320 7,141
1,078,936 241,040

7. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 October 2023 610,513 163,652 774,165
Profit for the year 1,931,105 1,931,105
Transfer unrealised gain (2,541,282 ) 2,541,282 -
Transfer deferred tax 690,000 (690,000 ) -
At 30 September 2024 690,336 2,014,934 2,705,270