RSR Construction & Project Management Lt - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 07021559 (England and Wales)

RSR CONSTRUCTION & PROJECT MANAGEMENT

LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C Hollingworth

Mrs C L Hollingworth

REGISTERED OFFICE:

39 Wickleden Gate

Scholes

Holmfirth

West Yorkshire

HD9 1QT

REGISTERED NUMBER:

07021559 (England and Wales)

ACCOUNTANTS:

Sheards

Chartered Accountants

Vernon House

40 New North Road

Huddersfield

West Yorkshire

HD1 5LS

FIXED ASSETS

Tangible assets

4

35,082

48,489

Investments

5

443,633

-

Investment property

6

275,000

1,040,000

753,715

1,088,489

CURRENT ASSETS

Debtors

7

37,554

37,988

Cash at bank

135,402

219,149

172,956

257,137

CREDITORS

Amounts falling due within one year

8

(9,058

)

(189,994

)

NET CURRENT ASSETS

163,898

67,143

TOTAL ASSETS LESS CURRENT LIABILITIES

917,613

1,155,632

PROVISIONS FOR LIABILITIES

9

(22,588

)

(47,913

)

NET ASSETS

895,025

1,107,719

CAPITAL AND RESERVES

Called up share capital

10

8

8

Non distributable reserve

11

47,766

175,842

Retained earnings

847,251

931,869

SHAREHOLDERS' FUNDS

895,025

1,107,719

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 30 November 2022 and were signed on its behalf by:

Mr C Hollingworth - Director

1.	STATUTORY INFORMATION

RSR Construction & Project Management Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised by monthly valuations, completed at the month end. Retentions are taken in to turnover based on the staged payments.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost, 20% on reducing balance and 20% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

Financial instruments represent investment in equities and bonds, traded in an active market. Investments are initially recorded at transaction price, less transactions costs, and are subsequently included in the financial statements at their fair value based upon market valuation at the year end.

Gains and losses pass through the income statement.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2021

108,947

Additions

42,245

Disposals

(103,037

)

At 31 October 2022

48,155

DEPRECIATION

At 1 November 2021

60,458

Charge for year

9,064

Eliminated on disposal

(56,449

)

At 31 October 2022

13,073

NET BOOK VALUE

At 31 October 2022

35,082

At 31 October 2021

48,489

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

494,092

Disposals

(12,000

)

Impairments

(38,459

)

At 31 October 2022

443,633

NET BOOK VALUE

At 31 October 2022

443,633

6.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 November 2021

1,040,000

Disposals

(765,000

)

At 31 October 2022

275,000

NET BOOK VALUE

At 31 October 2022

275,000

At 31 October 2021

1,040,000

Cost or valuation at 31 October 2022 is represented by:

£

Valuation in 2022

275,000

If investment properties had not been revalued they would have been included at the following historical cost:

2022

2021

£

£

Cost

211,312

829,136

Aggregate depreciation

-

(3,678

)

Investment properties were valued on an open market basis on 31 October 2022 by the directors .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

13,460

34,269

Other debtors

24,094

3,719

37,554

37,988

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

-

74,507

Taxation and social security

29

38,906

Other creditors

9,029

76,581

9,058

189,994

9.	PROVISIONS FOR LIABILITIES

2022

2021

£

£

Deferred tax

22,588

47,913

Deferred

tax

£

Balance at 1 November 2021

47,913

Credit to Income Statement during year

(25,325

)

Balance at 31 October 2022

22,588

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

4

Ordinary

£1

4

4

2

Non-Voting A

£1

2

2

2

Non-Voting C

£1

2

2

8

8

Ordinary shares have voting rights and right to capital. Ordinary "A, B and C" shares have neither voting rights nor rights to capital.

All shares have rights to variable dividends.

11.

RESERVES

Non

distributable

reserve

£

At 1 November 2021

175,842

Transfer ex profit and loss

(128,076

)

At 31 October 2022

47,766

12.	RELATED PARTY DISCLOSURES

Amounts owing to directors by way of directors' loan accounts at the year end were £8,734 (2021 - £68,622). The amounts are interest free, and are repayable on demand.