1 April 2021 false No description of principal activity Taxfiler 2022.8.3 07780747business:PrivateLimitedCompanyLtd2021-04-012022-03-31 077807472021-03-31 077807472021-04-012022-03-31 07780747business:AuditExemptWithAccountantsReport2021-04-012022-03-31 07780747business:FullAccounts2021-04-012022-03-31 077807472022-03-31 077807472021-03-31 07780747core:WithinOneYear2022-03-31 07780747core:WithinOneYear2021-03-31 07780747core:ShareCapital2022-03-31 07780747core:ShareCapital2021-03-31 07780747core:RetainedEarningsAccumulatedLosses2022-03-31 07780747core:RetainedEarningsAccumulatedLosses2021-03-31 07780747business:SmallEntities2021-04-012022-03-31 07780747business:Director12021-04-012022-03-31 07780747countries:EnglandWales2021-04-012022-03-31 07780747core:PlantMachinery2021-04-012022-03-31 07780747core:FurnitureFittings2021-04-012022-03-31 07780747core:ComputerEquipment2021-04-012022-03-31 07780747core:PlantMachinery2021-03-31 07780747core:PlantMachinery2022-03-31 07780747core:AdditionsToInvestments2022-03-31 07780747core:RevaluationsIncreaseDecreaseInInvestments2022-03-31 077807472020-04-012021-03-31 iso4217:GBP xbrli:pure
Company Registration No. 07780747 (England and Wales)
Retail Project Associates Ltd Unaudited accounts for the year ended 31 March 2022
Retail Project Associates Ltd Unaudited accounts Contents
Page
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Retail Project Associates Ltd Statement of financial position as at 31 March 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,447 
2,769 
Investments
524,627 
450,000 
527,074 
452,769 
Current assets
Cash at bank and in hand
68,991 
81,461 
Creditors: amounts falling due within one year
(87,249)
(109,483)
Net current liabilities
(18,258)
(28,022)
Total assets less current liabilities
508,816 
424,747 
Provisions for liabilities
Deferred tax
(25,626)
(23,421)
Net assets
483,190 
401,326 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
483,189 
401,325 
Shareholders' funds
483,190 
401,326 
For the year ending 31 March 2022 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 17 May 2022 and were signed on its behalf by
Mr M Shaw Director Company Registration No. 07780747
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Retail Project Associates Ltd Notes to the Accounts for the year ended 31 March 2022
1
Statutory information
Retail Project Associates Ltd is a private company, limited by shares, registered in England and Wales, registration number 07780747.
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:
Plant & machinery
20% Straight Line
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Straight Line
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Investments
Investments in shares are included at fair value.
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Retail Project Associates Ltd Notes to the Accounts for the year ended 31 March 2022
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2021
11,718 
Additions
856 
At 31 March 2022
12,574 
Depreciation
At 1 April 2021
8,949 
Charge for the year
1,178 
At 31 March 2022
10,127 
Net book value
At 31 March 2022
2,447 
At 31 March 2021
2,769 
5
Investments
Other investments 
£ 
Valuation at 1 April 2021
450,000 
Additions
62,701 
Fair value adjustments
11,926 
Valuation at 31 March 2022
524,627 
The historical cost of investments totals £392,201 (2021: £329,500). At the balance sheet date these investments were fair valued by the investment platform provider.
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade creditors
50,599 
51,477 
Taxes and social security
23,724 
55,309 
Other creditors
12,926 
2,697 
87,249 
109,483 
7
Average number of employees
During the year the average number of employees was 1 (2021: 1).
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