1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-09-01 Sage Accounts Production Advanced 2024 - FRS102_2024 2,000 947 263 1,210 790 1,053 xbrli:pure xbrli:shares iso4217:GBP SC364391 2023-09-01 2024-08-31 SC364391 2024-08-31 SC364391 2023-08-31 SC364391 2022-09-01 2023-08-31 SC364391 2023-08-31 SC364391 2022-08-31 SC364391 core:MotorVehicles 2023-09-01 2024-08-31 SC364391 bus:Director1 2023-09-01 2024-08-31 SC364391 core:MotorVehicles 2023-08-31 SC364391 core:MotorVehicles 2024-08-31 SC364391 core:WithinOneYear 2024-08-31 SC364391 core:WithinOneYear 2023-08-31 SC364391 core:ShareCapital 2024-08-31 SC364391 core:ShareCapital 2023-08-31 SC364391 core:RetainedEarningsAccumulatedLosses 2024-08-31 SC364391 core:RetainedEarningsAccumulatedLosses 2023-08-31 SC364391 core:MotorVehicles 2023-08-31 SC364391 bus:Director1 2023-08-31 SC364391 bus:Director1 2024-08-31 SC364391 bus:Director1 2022-08-31 SC364391 bus:Director1 2023-08-31 SC364391 bus:Director1 2022-09-01 2023-08-31 SC364391 bus:SmallEntities 2023-09-01 2024-08-31 SC364391 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 SC364391 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 SC364391 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 SC364391 bus:FullAccounts 2023-09-01 2024-08-31
COMPANY REGISTRATION NUMBER: SC364391
RCB Property Services Limited
Filleted Unaudited Financial Statements
For the year ended
31 August 2024
RCB Property Services Limited
Financial Statements
Year ended 31 August 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
RCB Property Services Limited
Statement of Financial Position
31 August 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
790
1,053
Current assets
Debtors
6
6,243
Cash at bank and in hand
22,249
780
--------
-------
22,249
7,023
Creditors: amounts falling due within one year
7
14,944
3,879
--------
-------
Net current assets
7,305
3,144
-------
-------
Total assets less current liabilities
8,095
4,197
Provisions
150
200
-------
-------
Net assets
7,945
3,997
-------
-------
Capital and reserves
Called up share capital
1
1
Profit and loss account
7,944
3,996
-------
-------
Shareholder funds
7,945
3,997
-------
-------
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 income and retained earnings has not been delivered.
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
RCB Property Services Limited
Statement of Financial Position (continued)
31 August 2024
These financial statements were approved by the board of directors and authorised for issue on 27 August 2025 , and are signed on behalf of the board by:
Mr R C Baxter
Director
Company registration number: SC364391
RCB Property Services Limited
Notes to the Financial Statements
Year ended 31 August 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Hattrick Farm, Bridge of Weir, Renfrewshire, PA11 3SF, UK.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the 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.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Motor vehicles
Total
£
£
Cost
At 1 September 2023 and 31 August 2024
2,000
2,000
-------
-------
Depreciation
At 1 September 2023
947
947
Charge for the year
263
263
-------
-------
At 31 August 2024
1,210
1,210
-------
-------
Carrying amount
At 31 August 2024
790
790
-------
-------
At 31 August 2023
1,053
1,053
-------
-------
6. Debtors
2024
2023
£
£
Other debtors
6,243
----
-------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
1,094
1,813
Other creditors
13,850
2,066
--------
-------
14,944
3,879
--------
-------
8. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr R C Baxter
6,243
44,111
( 63,405)
( 13,051)
-------
--------
--------
--------
2023
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr R C Baxter
( 19,420)
71,344
( 45,681)
6,243
--------
--------
--------
-------
No interest is chargeable on this balance and the loan is repayable on demand.