REGISTERED NUMBER: 03551429 (England and Wales)

RSSB SOUTHALL LIMITED

Financial Statements for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

7

DIRECTORS:

Dr S Naidoo

Mr S Taggar

Mr V Gibbons

Mr M Mahtani

REGISTERED OFFICE:

Haynes Park

Church End

Haynes

Bedford

Bedfordshire

MK45 3BL

REGISTERED NUMBER:

03551429 (England and Wales)

AUDITORS:

Jassal and Company

Chartered Accountants and Registered Auditors

Unit 2 Hatherton Court

21 Hatherton Street

Walsall

West Midlands

WS4 2LA

FIXED ASSETS

Tangible assets

4

89

133

Investment property

5

1,419,000

1,419,000

1,419,089

1,419,133

CURRENT ASSETS

Debtors

6

136,636

37,057

Cash at bank

2,407

1,997

139,043

39,054

CREDITORS

Amounts falling due within one year

7

87,609

217,503

NET CURRENT ASSETS/(LIABILITIES)

51,434

(178,449

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,470,523

1,240,684

CREDITORS

Amounts falling due after more than one year

8

698,282

470,524

NET ASSETS

772,241

770,160

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

9

772,239

770,158

SHAREHOLDERS' FUNDS

772,241

770,160

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

Dr S Naidoo - Director

1.	STATUTORY INFORMATION

RSSB Southall 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.

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.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

These financial statements are prepared in Sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover

Turnover represents net invoiced value of rent receivable excluding VAT. Rent is included in turnover in the year in which it is receivable.Rental income under operating leases (net of any incentives to the lessee) is recognised on a straight-line basis over the lease term.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment etc - 20% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account in the year of disposal.

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. Any impairment loss arising is charged to the profit and loss account in the year to which it relates.

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at value at the reporting end date. Changes in value are recognised in profit or loss.

Equity instruments

Equity instruments issued by the company are recognised at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Retirement benefit payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The validity of this assumption is on the basis that the company will continue to be supported by its parent Radha Soami Satsang Beas British Isles. Thus the directors continues to adopt the going concern basis of accounting in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

222

DEPRECIATION

At 1 January 2024

89

Charge for year

44

At 31 December 2024

133

NET BOOK VALUE

At 31 December 2024

89

At 31 December 2023

133

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

1,419,000

NET BOOK VALUE

At 31 December 2024

1,419,000

At 31 December 2023

1,419,000

The value of the investment property has been arrived at on the basis of a valuation carried out at 31 December 2024 by the directors. The valuation was made based on market capitalisation using the commercial rent received and an assessment of the prices of similar properties.

6.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

3,286

36,909

Other debtors

8,350

148

11,636

37,057

Amounts falling due after more than one year:

Other debtors

125,000

-

Aggregate amounts

136,636

37,057

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

32,339

32,636

Other creditors

55,270

184,867

87,609

217,503

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Amounts owed to group undertakings

573,710

470,524

Other creditors

124,572

-

698,282

470,524

9.

RESERVES

Retained

earnings

£

At 1 January 2024

770,158

Profit for the year

2,081

At 31 December 2024

772,239

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

11.	RELATED PARTY DISCLOSURES

Transactions with related parties

During the year the company entered into the following transactions with related parties.

Gift Aid donations amounting to £195,861 (2023: £162,000) were paid to RSSB British Isles.

At the balance sheet date there was a loan owing to RSSB British Isles of £565,363 (2023: £595,524). The loan is unsecured and interest at 5% per annum is charged.

At the balance sheet date there was an amount owed by RSSB British Isles of £125,000 (2023: £125,000).

During the year the company paid interest on the loan of £22,836 (2023: £22,773).

12.	ULTIMATE CONTROLLING PARTY