1 March 2024 false No description of principal activity Taxfiler 2024.6 11821802 business:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 11821802 2024-02-29 11821802 2024-03-01 2025-02-28 11821802 business:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 11821802 business:FilletedAccounts 2024-03-01 2025-02-28 11821802 2025-02-28 11821802 business:Director1 2024-03-01 2025-02-28 11821802 business:RegisteredOffice 2024-03-01 2025-02-28 11821802 2024-02-29 11821802 core:WithinOneYear 2025-02-28 11821802 core:WithinOneYear 2024-02-29 11821802 core:AfterOneYear 2025-02-28 11821802 core:AfterOneYear 2024-02-29 11821802 core:ShareCapital core:PreviouslyStatedAmount 2025-02-28 11821802 core:ShareCapital core:PreviouslyStatedAmount 2024-02-29 11821802 core:InvestmentPropertiesRevaluationReserve core:PreviouslyStatedAmount 2025-02-28 11821802 core:InvestmentPropertiesRevaluationReserve core:PreviouslyStatedAmount 2024-02-29 11821802 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-02-28 11821802 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-02-29 11821802 core:PreviouslyStatedAmount 2025-02-28 11821802 core:PreviouslyStatedAmount 2024-02-29 11821802 business:SmallEntities 2024-03-01 2025-02-28 11821802 countries:EnglandWales 2024-03-01 2025-02-28 11821802 core:FurnitureFittings 2024-03-01 2025-02-28 11821802 core:FurnitureFittings 2024-02-29 11821802 core:FurnitureFittings 2025-02-28 11821802 core:AfterOneYear 2024-03-01 2025-02-28 11821802 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure
Company Registration No. 11821802 (England and Wales)
Rs Commercial Ltd Unaudited accounts for the year ended 28 February 2025
Rs Commercial Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Rs Commercial Ltd Company Information for the year ended 28 February 2025
Director
MR V SHARMA
Company Number
11821802 (England and Wales)
Registered Office
Unit 3b Wentworth House Maple Court, Tankersley Barnsley South Yorkshire S75 3DP England
- 3 -
Rs Commercial Ltd Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
12,629
15,786
Investment property
5
5,673,124
5,283,509
5,685,753
5,299,295
Current assets
Debtors
6
709,728
932,419
Cash at bank and in hand
408,767
394,490
1,118,495
1,326,909
Creditors: amounts falling due within one year
7
(1,052,319)
(1,135,789)
Net current assets
66,176
191,120
Total assets less current liabilities
5,751,929
5,490,415
Creditors: amounts falling due after more than one year
8
(3,963,019)
(3,814,101)
Provisions for liabilities
Deferred tax
(315,577)
(315,577)
Net assets
1,473,333
1,360,737
Capital and reserves
Called up share capital
100
100
Fair value reserve
1,345,357
1,345,357
Profit and loss account
127,876
15,280
Shareholders' funds
1,473,333
1,360,737
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 July 2025 and were signed on its behalf by
MR V SHARMA Director Company Registration No. 11821802
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Rs Commercial Ltd Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
Rs Commercial Ltd is a private company, limited by shares, registered in England and Wales, registration number 11821802. The registered office is Unit 3b Wentworth House, Maple Court, Tankersley, Barnsley, South Yorkshire, S75 3DP, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20 % Reducing Balance
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 March 2024
44,285
At 28 February 2025
44,285
Depreciation
At 1 March 2024
28,499
Charge for the year
3,157
At 28 February 2025
31,656
Net book value
At 28 February 2025
12,629
At 29 February 2024
15,786
5
Investment property
2025
£
Fair value at 1 March 2024
5,283,509
Additions
389,615
At 28 February 2025
5,673,124
- 5 -
Rs Commercial Ltd Notes to the Accounts for the year ended 28 February 2025
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
131,328
119,099
Accrued income and prepayments
1,688
1,688
Other debtors
576,712
811,632
709,728
932,419
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
72,808
123,686
Taxes and social security
76,905
39,897
Other creditors
603,001
845,002
Loans from directors
171,934
8
Accruals
127,671
127,196
1,052,319
1,135,789
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
2,922,107
2,671,706
Amounts owed to group undertakings and other participating interests
731,517
833,000
Other creditors
309,395
309,395
3,963,019
3,814,101
The company has a loan from Handelsbanken, secured by a fixed charges over the company’s properties. The loans are repayable over a period of five years and bears interest at a variable rate of between 4.00% and 7.00% above the applicable base rate.
9
Controlling party
RS Commercial Ltd is a private company, limited by shares, registered in England and Wales
10
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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