6 Shareholder Actions - 23 June 2022 RBBC Limited
To receive RBBC Limited’s Directors’ report and unaudited financial statements for the year ended 30 September 2021.
The Committee received RBBC Limited’s Accounts for the year ended 30 September 2021 as shareholder representative for the Council. The accounts were set out in Annex 1.
As set out in the report to the Committee, RBBC Limited is 100 per cent owned by the Council and since its incorporation has been entirely inactive. Due to this inactivity the Accounts were prepared in accordance with the Companies Act 2006 small companies’ regime.
A Visiting Member asked whether there were current or future potential commercial activities planned for the company. He asked if Project Baseball (the previously proposed crematorium service) was completed and closed.
Councillor Archer confirmed that RBBC Limited was a placeholder company. The name was retained in case there were future activities that may want to use the company name. That decision was not related to Project Baseball. He noted that comment was made on this project as part of the Reigate & Banstead 2025 Annual Report 2021/22 (Agenda Item 4 at Executive which had its meeting following this Executive Sub-Committee meeting).
1) That the Commercial Ventures Executive Sub-Committee as shareholder representative for RBBC Limited, a company 100 per cent owned by Reigate & Banstead Borough Council, receive RBBC Limited’s Directors’ Report and Unaudited Financial Statements for the year ended 30 September 2021 as set out in Annex 1.