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REGISTERED NUMBER: 10429176 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

RBS SCAFFOLDING ASSET COMPANY LIMITED

RBS SCAFFOLDING ASSET COMPANY LIMITED (REGISTERED NUMBER: 10429176)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RBS SCAFFOLDING ASSET COMPANY LIMITED

COMPANY INFORMATION
for the year ended 30 September 2024







DIRECTOR: Ms D Shaw



REGISTERED OFFICE: Wessex Gate
Moorside Road
Winchester
Hampshire
SO23 7RX



REGISTERED NUMBER: 10429176 (England and Wales)



ACCOUNTANTS: Rothmans LLP
10 St Ann Street
Salisbury
Wiltshire
SP1 2DN



BANKERS: Lloyds Bank
2nd Floor
1 Charlton Place
Andover
Hampshire
SP10 1RE

RBS SCAFFOLDING ASSET COMPANY LIMITED (REGISTERED NUMBER: 10429176)

BALANCE SHEET
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 960,258 983,441
Investment property 5 300,000 300,000
1,260,258 1,283,441

CURRENT ASSETS
Debtors 6 434,293 376,174
Cash at bank 31,396 277,713
465,689 653,887
CREDITORS
Amounts falling due within one year 7 24,595 47,313
NET CURRENT ASSETS 441,094 606,574
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,701,352

1,890,015

PROVISIONS FOR LIABILITIES 136,662 142,014
NET ASSETS 1,564,690 1,748,001

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 8 814,628 852,803
Retained earnings 750,061 895,197
1,564,690 1,748,001

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 director acknowledges her 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 June 2025 and were signed by:





Ms D Shaw - Director


RBS SCAFFOLDING ASSET COMPANY LIMITED (REGISTERED NUMBER: 10429176)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2024

1. STATUTORY INFORMATION

RBS Scaffolding Asset Company 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Parent company
RBS Scaffolding Asset Company Ltd is a wholly owned subsidiary of Robden Holdings Ltd whose registered office is Wessex Gate, Moorside Road, Winchester, Hampshire SO23 7RX.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable for the hire of scaffolding and other assets associated with the scaffolding trade.

Revenue is recognised on the provision of the scaffolding equipment evenly over the term of the hire period at which time the risks and rewards associated with the equipment hire are transferred to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on cost, 10% on cost and at varying rates on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

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.

Debtors
Debtors do not carry any right to interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the profit and loss account when there is objective evidence that the asset is impaired.

RBS SCAFFOLDING ASSET COMPANY LIMITED (REGISTERED NUMBER: 10429176)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Cash
There comprise cash at bank and other short-term highly liquid bank balances.

Creditors
Creditors are not interest bearing and are stated at their nominal value.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 610,000 1,907,517 2,517,517
Additions - 187,457 187,457
Disposals - (237,510 ) (237,510 )
At 30 September 2024 610,000 1,857,464 2,467,464
DEPRECIATION
At 1 October 2023 48,692 1,485,384 1,534,076
Charge for year 16,231 193,355 209,586
Eliminated on disposal - (236,456 ) (236,456 )
At 30 September 2024 64,923 1,442,283 1,507,206
NET BOOK VALUE
At 30 September 2024 545,077 415,181 960,258
At 30 September 2023 561,308 422,133 983,441

In 2017, the directors of the company revalued plant and machinery that was acquired for £1 to £1,514,730, inline with their expectation of market value.

The freehold land and buildings were valued in August 2020 by Keygrove Chartered Surveyors at an open market value of £910,000. The freehold land and buildings and the £910,000 valuation included a residential investment property where the open market value has been separately identified at £300,000. The director does not consider that the values have changed materially since that date.

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 300,000
NET BOOK VALUE
At 30 September 2024 300,000
At 30 September 2023 300,000

The property was valued in August 2020 by Keygrove Chartered Surveyors at an open market value of £300,000. The director does not consider that the value has changed materially since that date.

RBS SCAFFOLDING ASSET COMPANY LIMITED (REGISTERED NUMBER: 10429176)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 4,168 -
Amounts owed by group undertakings 430,125 376,174
434,293 376,174

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 6,888 4,530
Taxation and social security 14,407 40,833
Other creditors 3,300 1,950
24,595 47,313

8. RESERVES
Revaluation
reserve
£   
At 1 October 2023 852,803
Movement in the year (38,175 )

At 30 September 2024 814,628