RS Group (London) Limited - Filleted accounts

Registered number

11671254

RS Group (London) Limited

Filleted Accounts

31 March 2025

RS Group (London) Limited
Registered number:		11671254
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
As restated
Fixed assets
Tangible assets	3		1,977			16,658
Investment property	4		1,181,909			423,390
			1,183,886			440,048

Current assets
Cash at bank and in hand		17,668			125,474

Creditors: amounts falling due within one year	5	(1,156,787)			(516,022)

Net current liabilities			(1,139,119)			(390,548)

Total assets less current liabilities			44,767			49,500

Creditors: amounts falling due after more than one year	6		-			(20,138)


Net assets			44,767			29,362

Capital and reserves
Called up share capital			100			100
Profit and loss account			44,667			29,262

Shareholder's funds			44,767			29,362

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.




Gurjinderjit Singh Dhuga
Director
Approved by the board on 3 December 2025

RS Group (London) Limited
Notes to the Accounts
for the year ended 31 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 rendering of services. 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

	Investment property
	Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise; and no depreciation is provided in respect of investment properties applying the fair value model. Investment property fair value is determined by the director based on his understanding of property market conditions and derived from current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific assets.

	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.

	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.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Functional and presentation currency
	The financial statements of the company are measured and presented in the currency of the primary economic environment in which the company operates, the functional currency. The financial statements are presented in Pound sterling (£), which is the company’s functional currency.

	Employee benefits
	Short-term employee benefits Short-term employee benefits are recognised as an expense in the period in which they are incurred. Post-employment defined contribution plans Amounts in respect of defined contributions plans are recognised as an expense as they are incurred. Termination benefits Provisions for termination benefits are recognised only when the company is demonstrably committed to terminate the employment of an employee or of a group of employees before their normal retirement date or to provide termination benefits as a result of an offer made in order to encourage voluntary redundancy.

	Going concern
	The financial statements have been prepared on the basis that the company will receive continued financial support from bank and director and has adequate resources to continue in operational existence for the foreseeable future.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			2		2


3	Tangible fixed assets
		Fixtures, fittings, tools and equipment		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	6,278		34,636		40,914
	Disposals	-		(34,636)		(34,636)
	At 31 March 2025	6,278		-		6,278

	Depreciation
	At 1 April 2024	3,807		20,449		24,256
	Charge for the year	494		-		494
	On disposals	-		(20,449)		(20,449)
	At 31 March 2025	4,301		-		4,301

	Net book value
	At 31 March 2025	1,977		-		1,977
	At 31 March 2024	2,471		14,187		16,658


4	Investment property

Other
investments
£
	Cost
	At 1 April 2024					423,390
	Additions					758,519

	At 31 March 2025					1,181,909

	The company's investment property was valued by the director based on his understanding of property market conditions and derived from current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific assets. A prior year adjustment has been made to correct the presentation of an investment property. In the previous year, the property value was included in tangible assets which has now reclassified as investment property.


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

	Bank loans and overdrafts			10,417		-
	Obligations under finance lease and hire purchase contracts			-		11,107
	Taxation and social security costs			797		9,108
	R S Concrete & Civils Ltd			145,112		151,612
	R S Drylining (London) Ltd			996,861		341,641
	Other creditors			3,600		2,554
				1,156,787		516,022


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			-		20,138


7	Related party transactions

	The company owes £145,112 (2024 - £151,612) to the connected party {RS Concrete & Civils Ltd}, a company under common control. The company owes £996,861 (2024 - £341,641) to the connected party { RS Drylining (London) Ltd}, a company under common control. During the year, the company made sales of £55,000 (2024 - £75,000) to the connected party { R S Drylining (London) Ltd }.


8	Controlling party

	Gurjinderjit Singh Dhuga is the ultimate controlling party.


9	Other information

	RS Group (London) Limited is a private company limited by shares and incorporated in England. Its registered office is:

	Regus House
	Admiral Park
	Victory Way
	Datford
	DA2 6QD