RBSL Project Management Ltd - Filleted accounts

Registered number

12210726

RBSL Project Management Ltd

Filleted Accounts

15 March 2025

RBSL Project Management Ltd
Registered number:		12210726
Balance Sheet
as at 15 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		702			878

Current assets
Cash at bank and in hand		53,164			104,289

Creditors: amounts falling due within one year	4	72,812			(15,753)

Net current assets			125,976			88,536

Net assets			126,678			89,414

Capital and reserves
Called up share capital			100			100
Profit and loss account			126,578			89,314

Shareholders' funds			126,678			89,414

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Lakdhamana Chowdary Boyapati
Director
Approved by the board on 10 September 2025

RBSL Project Management Ltd
Notes to the Accounts
for the year ended 15 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings, tools and equipment	20% Reducing balance

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		1		1


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 16 March 2024				1,673
	At 15 March 2025				1,673

	Depreciation
	At 16 March 2024				795
	Charge for the year				176
	At 15 March 2025				971

	Net book value
	At 15 March 2025				702
	At 15 March 2024				878


4	Creditors: amounts falling due within one year		2025		2024
£				£

	Amounts owed to group undertakings and undertakings in which the company has a participating interest		(100,000)		-
	Taxation and social security costs		27,188		11,720
	Other creditors		-		4,033
			(72,812)		15,753


5	Related party transactions

	During the year under review the company lent £100,000 to RBSL Investments Ltd, a company in which the company the director has a beneficial interest. The amount remained outstanding as at ehe year end.


6	Controlling party

	The director controls the company by virtue of his beneficial interest.


7	Other information

	RBSL Project Management Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Ground Floor
	35 New England Road
	Brighton
	East Sussex
	BN1 4GG