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Registered Number: 15139094
England and Wales

 

 

 

RS COMMERCIAL INVESTMENTS LTD



Abridged Accounts
 


Period of accounts

Start date: 14 September 2023

End date: 30 September 2024
 
 
Notes
 
2024
£
Fixed assets    
Tangible fixed assets 3 552,965 
552,965 
Current assets    
Debtors 100 
Cash at bank and in hand 6,666 
6,766 
Creditors: amount falling due within one year (428,899)
Net current assets (422,133)
 
Total assets less current liabilities 130,832 
Net assets 130,832 
 

Capital and reserves
   
Called up share capital 100 
Profit and loss account 130,732 
Shareholders' funds 130,832 
 


For the period ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 06 June 2025 and were signed on its behalf by:


-------------------------------
Jamie Ritchie
Director
1
General Information
RS Commercial Investments Ltd is a private company, limited by shares, registered in England and Wales, registration number 15139094, registration address 2 Claridge Court, Lower Kings Road, Berkhamstead, HP4 2AF.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Change in accounting standards
The directors have elected to adopt FRS102 1A for small entities because they believe it better reflects the needs of their business. This has not resulted in any changes to accounting policies which affect the accounts in the prior year. 
Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. Turnover includes revenue earned from the rental of property, the policies adopted are as follows:


  • Rental of Property: Turnover from the rental of property is recognised on an accrual basis in line with the contract in place with the tenant. Rents are recognised when due for payment.
  • Other revenue: Recognition is when it is received or when the right to receive payment is established.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Investment properties
Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to the profit and loss account via Fair Value Adjustment.
Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years. Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view.
Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
Significant Judgement and Estimates
Preparation of the financial statements requires management to make significant judgement and estimates. The following are considered the management judgement in applying the accounting policies of the Company that have the most significant effect on the financial statements.
  • Investment Property
Management monitors the valuation of the investment properties regularly and has the knowledge and skill to assess the fair market value of the assets. This is done in conjunction with local agents to ensure the carrying value is in line with the accounting policies.
2.

Average number of employees

Average number of employees during the period was 2.
3.

Tangible fixed assets

Cost or valuation Investment properties   Total
  £   £
At 14 September 2023  
Additions 417,965    417,965 
Disposals  
Revaluations 135,000    135,000 
At 30 September 2024 552,965    552,965 
Depreciation
At 14 September 2023  
Charge for period  
On disposals  
At 30 September 2024  
Net book values
Closing balance as at 30 September 2024 552,965    552,965 
Opening balance as at 14 September 2023  


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