RBIS Properties Limited - Filleted accounts

Registered number

08869836

RBIS Properties Limited

Unaudited Filleted Accounts

31 March 2025

RBIS Properties Limited
Registered number:		08869836
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		48,782			39,195
Investments	5		485,023			453,256
			533,805			492,451

Current assets
Stocks		1,000			1,000
Debtors	6	252,581			187,850
Cash at bank and in hand		122,520			156,751
		376,101			345,601

Creditors: amounts falling due within one year	7	(508,853)			(518,111)

Net current liabilities			(132,752)			(172,510)

Total assets less current liabilities			401,053			319,941

Creditors: amounts falling due after more than one year	8		(9,760)			(23,778)

Provisions for liabilities			(20,444)			(16,446)

Net assets			370,849			279,717

Capital and reserves
Called up share capital			4			4
Revaluation reserve	9		38,363			38,363
Profit and loss account			332,482			241,350
Shareholders' funds			370,849			279,717

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.


Mr I W L Morris
Director
Approved by the board on 12 December 2025

RBIS Properties 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 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:

	Motor vehicles	over 4 years
	Plant and machinery	over 3 years

	Investment property
	Investment property is property held either to earn rental income or for capital appreciation or both, but not for sale in the ordinary course of business, use in the production or supply of goods or services or for administrative purposes. Investment property is initially measured at cost and subsequently at fair value with any change recognised in the statement of comprehensive income. Deferred tax is provided on gains arising on revaluations at the rate expected to apply when the property is sold.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	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.

	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.


2	Determination of fair value

	Investment property
	The company's investment properties are valued annually by the directors who are experienced in the acquisition and management of investment properties. The fair values are based on market values, being the estimated amount for which a property could be exchanged on the date of the valuation between a willing buyer and a willing seller in an arm's length transaction after proper marketing wherein the parties had each acted knowledgeably. In the absence of current prices in an active market, the valuations are prepared by considering the estimated rental value of the property. A market yield is applied to the estimated rental value to arrive at the gross property valuation. When actual rents differ materially from the estimated rental value, adjustments are made to reflect actual returns. Valuations reflect, when appropriate, the type of the tenants actually in occupation or responsible for meeting lease commitments or likely to be in occupation after letting vacant accommodation, the allocation of maintenance and insurance obligations between the company and the lessee, and the remaining economic life of the property. When rent reviews or lease renewals are pending with anticipated reversionary increases, it is assumed that all notices, and when appropriate, counter-notices, have been served validly and within the appropriate time.


3	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			5		7


4	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	30,554		69,522		100,076
	Additions	19,098		26,881		45,979
	Disposals	-		(28,972)		(28,972)
	At 31 March 2025	49,652		67,431		117,083

	Depreciation
	At 1 April 2024	26,118		34,763		60,881
	Charge for the year	11,769		12,323		24,092
	On disposals	-		(16,672)		(16,672)
	At 31 March 2025	37,887		30,414		68,301

	Net book value
	At 31 March 2025	11,765		37,017		48,782
	At 31 March 2024	4,436		34,759		39,195


5	Investment property
						Investment properties
£
	Cost
	At 1 April 2024					453,256
	Additions					31,767
	At 31 March 2025					485,023

	Historical cost
	At 1 April 2024					405,895
	At 31 March 2025					437,662

	Investment properties comprise a number of commercial properties that are leased to third parties. Each of the leases contains an initial non-cancellable period with periodic rent reviews. Subsequent renewals are negotiated with the lessee. The properties are measured at fair value and changes in fair value are recognised in the statement of comprehensive income. Fair value is determined by the directors.


6	Debtors			2025		2024
£					£

	Trade debtors			248,007		186,452
	Other debtors			4,574		1,398
				252,581		187,850


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

	Bank loans and overdrafts			10,000		10,000
	Obligations under finance lease and hire purchase contracts			15,860		15,754
	Trade creditors			98,635		52,309
	Taxation and social security costs			33,245		40,186
	Other creditors			351,113		399,862
				508,853		518,111


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

	Bank loans			2,500		12,500
	Obligations under finance lease and hire purchase contracts			7,260		11,278
				9,760		23,778




9	Revaluation reserve			2025		2024
£					£

	At 1 April 2024			38,363		38,363

	At 31 March 2025			38,363		38,363


10	Related party transactions			2025		2024
£					£

	Jamson Estates Limited
	Jamson Estates Limited is under the common control of the directors.
	The loans received from Jamson Estates Limited are interest free and rapayable on demand and are included in other creditors.
	At the year end the amount owed to Jamson Estates Limited was:			137,053		137,053
	Jac Y Do Limited
	Jac Y Do Limited is under the common control of the directors.
	The loans received from Jac Y Do Limited are interest free and rapayable on demand and are included in other creditors.
	At the year end the amount owed to Jac Y Do Limited was:			169,796		169,796
	Linquest Limited
	Linquest Limited is under the common control of the directors.
	The loans received from Linquest Limited are interest free and rapayable on demand and are included in other creditors.
	At the year end the amount owed to Linquest Limited was:			22,352		22,352


11	Controlling party

	No individual has an ultimate controlling interest in the company.


12	Other information

	RBIS Properties Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
	Llys Y Werydd
	Aberporth
	Cardigan
	SA43 2HX