Company registration number:
12109647
R & S PROPERTIES (LONDON) LIMITED
Unaudited filleted financial statements
31 October 2024
R & S PROPERTIES (LONDON) LIMITED
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
R & S PROPERTIES (LONDON) LIMITED
Directors and other information
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Directors |
Mr Pankaj Patel |
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Mrs Jayshree Patel |
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Company number |
12109647 |
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Registered office |
2 Deansway |
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East Finchley |
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London |
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N2 0JF |
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Business address |
2 Deansway |
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East Finchley |
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London |
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N2 0JF |
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Accountants |
VSP Limited |
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2 Deansway |
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East Finchley |
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London |
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N2 0JF |
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R & S PROPERTIES (LONDON) LIMITED
Statement of financial position
31 October 2024
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31/10/24 |
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31/10/23 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Investments |
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5 |
1,035,703 |
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89,000 |
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_______ |
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_______ |
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1,035,703 |
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89,000 |
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Current assets |
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Cash at bank and in hand |
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27,216 |
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728,674 |
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_______ |
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_______ |
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27,216 |
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728,674 |
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Creditors: amounts falling due |
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within one year |
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6 |
(
992,591) |
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(
778,422) |
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_______ |
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_______ |
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Net current liabilities |
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(
965,375) |
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(
49,748) |
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_______ |
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_______ |
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Total assets less current liabilities |
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70,328 |
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39,252 |
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_______ |
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_______ |
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Net assets |
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70,328 |
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39,252 |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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7 |
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4 |
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4 |
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Profit and loss account |
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70,324 |
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39,248 |
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_______ |
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_______ |
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Shareholders funds |
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70,328 |
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39,252 |
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_______ |
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_______ |
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For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
29 July 2025
, and are signed on behalf of the board by:
Mr Pankaj Patel
Director
Company registration number:
12109647
R & S PROPERTIES (LONDON) LIMITED
Statement of changes in equity
Year ended 31 October 2024
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Called up share capital |
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Profit and loss account |
Total |
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£ |
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£ |
£ |
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At 1 November 2022 |
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4 |
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43,962 |
43,966 |
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Profit/(loss) for the year |
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(
4,714) |
(
4,714) |
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_______ |
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_______ |
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Total comprehensive income for the year |
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- |
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(
4,714) |
(
4,714) |
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_______ |
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_______ |
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At 31 October 2023 and 1 November 2023 |
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4 |
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39,248 |
39,252 |
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Profit/(loss) for the year |
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31,076 |
31,076 |
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_______ |
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_______ |
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Total comprehensive income for the year |
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- |
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31,076 |
31,076 |
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_______ |
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_______ |
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At 31 October 2024 |
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70,324 |
70,328 |
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_______ |
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_______ |
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R & S PROPERTIES (LONDON) LIMITED
Notes to the financial statements
Year ended 31 October 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Deansway, East Finchley, London, N2 0JF.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover represents rental income receivable
Taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2023:
2
).
5.
Investments
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Other investments other than loans |
Total |
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£ |
£ |
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Cost |
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At 1 November 2023 |
89,000 |
89,000 |
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Additions |
946,703 |
946,703 |
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_______ |
_______ |
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At 31 October 2024 |
1,035,703 |
1,035,703 |
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_______ |
_______ |
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Impairment |
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At 1 November 2023 and 31 October 2024 |
- |
- |
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_______ |
_______ |
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Carrying amount |
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At 31 October 2024 |
1,035,703 |
1,035,703 |
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_______ |
_______ |
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At 31 October 2023 |
89,000 |
89,000 |
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_______ |
_______ |
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6.
Creditors: amounts falling due within one year
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31/10/24 |
31/10/23 |
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£ |
£ |
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Loans |
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680,209 |
675,209 |
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Corporation tax |
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6,184 |
- |
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Other creditors |
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306,198 |
103,213 |
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_______ |
_______ |
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992,591 |
778,422 |
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_______ |
_______ |
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7.
Called up share capital
Issued, called up and fully paid
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31/10/24 |
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31/10/23 |
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No |
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£ |
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No |
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£ |
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Ordinary shares shares of £
1.00 each |
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4 |
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4 |
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4 |
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4 |
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_______ |
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