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Registration number: 12092807

R&B Portfolio Ltd
Annual Report and Unaudited Financial Statements
for the Year Ended 31 December 2024

R&B Portfolio Ltd

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 7

R&B Portfolio Ltd

Company Information

Director | Mr Zak Anthony Resinato

Registered office | 1 Market Hill Calne Wiltshire SN11 0BT

Accountants | RiverView Portfolio Limited 1 Market Hill Calne Wiltshire SN11 0BT

R&B Portfolio Ltd

(Registration number: 12092807)
Balance Sheet as at 31 December 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Investment property | 4 | 580,000 | 663,000
Current assets |  |  |
Debtors | 5 | 13,888 | 56
Cash at bank and in hand |  | 4,198 | 47,167
|  | 18,086 | 47,223
Creditors: Amounts falling due within one year | 6 | (167,685) | (167,352)
Net current liabilities |  | (149,599) | (120,129)
Total assets less current liabilities |  | 430,401 | 542,871
Creditors: Amounts falling due after more than one year | 6 | (468,262) | (470,297)
Provisions for liabilities |  | (45,182) | (60,952)
Net (liabilities)/assets |  | (83,043) | 11,622
Capital and reserves |  |  |
Called up share capital |  | 1,000 | 1,000
Revaluation reserve |  | 192,616 | 259,846
Retained earnings |  | (276,659) | (249,224)
Shareholders' (deficit)/funds |  | (83,043) | 11,622

For the financial year ending 31 December 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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 1 September 2025

R&B Portfolio Ltd

(Registration number: 12092807)
Balance Sheet as at 31 December 2024 (continued)

......................................... Mr Zak Anthony Resinato Director

R&B Portfolio Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Market Hill
Calne
Wiltshire
SN11 0BT
England

These financial statements were authorised for issue by the director on 1 September 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Investment property

The fair value of the property at the year end has been arrived at on the basis of a valuation carried out at that date by the director of the company, who is not a professionally qualified valuer. The valuation was arrived at by reference to the market evidence of transaction prices for similar properties in the location the property is situated.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

R&B Portfolio Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2 | Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

4 | Investment properties

| 2024 £
At 1 January | 663,000
Fair value adjustments | (83,000)
At 31 December | 580,000

The fair value of the property has been arrived at on the basis of a valuation carried out at that date by the director of the company, who is not a professionally qualified valuer. The valuation was arrived at by reference to the market evidence of transaction prices for similar properties in the location the property is situated

R&B Portfolio Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

5 | Debtors

Current | Note | 2024 £ | 2023 £
Amounts owed by related parties |  | 13,390 | 40
Prepayments |  | 498 | 16
|  | 13,888 | 56

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2024 £ | 2023 £
Due within one year |  |  |
Loans and borrowings |  | 86,000 | 86,000
Trade creditors |  | 34 | 13
Amounts owed to group undertakings and undertakings in which the company has a participating interest |  | 80,638 | 79,501
Accruals and deferred income |  | 13 | 13
Other creditors |  | 1,000 | 1,825
|  | 167,685 | 167,352

Creditors: amounts falling due after more than one year

| Note | 2024 £ | 2023 £
Due after one year |  |  |
Loans and borrowings |  | 468,262 | 470,297

7 | Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

| Revaluation reserve £ | Total £
Surplus/deficit on property, plant and equipment revaluation | (67,230) | (67,230)

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

R&B Portfolio Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

7 | Reserves (continued)

| Revaluation reserve £ | Total £
Surplus/deficit on property, plant and equipment revaluation | 79 | 79