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REGISTERED NUMBER: 11721051 (England and Wales)







Unaudited Financial Statements

for the Year Ended 28 February 2025

for

Rl Properties Ltd

Rl Properties Ltd (Registered number: 11721051)






Contents of the Financial Statements
for the Year Ended 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rl Properties Ltd

Company Information
for the Year Ended 28 February 2025







DIRECTORS: L Ashworth
R L Yeomans





SECRETARY:





REGISTERED OFFICE: Ashworth House
71-75 Featherstall Road
Littleborough
Lancashire
OL15 8JZ





REGISTERED NUMBER: 11721051 (England and Wales)





ACCOUNTANTS: Brian Gumbley Accountancy Services Ltd
Corner House
28 Huddersfield Road
Newhey
Rochdale
Lancashire
OL16 3QF

Rl Properties Ltd (Registered number: 11721051)

Balance Sheet
28 February 2025

28.2.25 29.2.24
Notes £    £    £   
FIXED ASSETS
Investment property 4 1,190,736 1,066,512

CURRENT ASSETS
Debtors 5 300 80
Cash at bank 48,705 30,736
49,005 30,816
CREDITORS
Amounts falling due within one year 6 857,126 748,615
NET CURRENT LIABILITIES (808,121 ) (717,799 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

382,615

348,713

CREDITORS
Amounts falling due after more than
one year

7

217,988

226,221
NET ASSETS 164,627 122,492

RESERVES
Retained earnings 164,627 122,492
164,627 122,492

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

Rl Properties Ltd (Registered number: 11721051)

Balance Sheet - continued
28 February 2025


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 25 April 2025 and were signed on its behalf by:




R L Yeomans - Director



L Ashworth - Director


Rl Properties Ltd (Registered number: 11721051)

Notes to the Financial Statements
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

Rl 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 (2024 - NIL).

Rl Properties Ltd (Registered number: 11721051)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2024 1,066,512
Additions 124,224
At 28 February 2025 1,190,736
NET BOOK VALUE
At 28 February 2025 1,190,736
At 29 February 2024 1,066,512

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
28.2.25 29.2.24
£    £   
Other debtors 300 80

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
28.2.25 29.2.24
£    £   
Trade creditors 1 2
Tax 14,045 12,367
Other creditors 830,000 730,000
Directors' current accounts 13,080 6,246
857,126 748,615

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
28.2.25 29.2.24
£    £   
Bank loans more 5 yr by instal 217,988 226,221

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 217,988 226,221