Relate AccountsProduction v2.6.1 v2.6.1 2021-04-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is property investment. 2 August 2022 0 0 07815990 2022-03-31 07815990 2021-03-31 07815990 2020-03-31 07815990 2021-04-01 2022-03-31 07815990 2020-04-01 2021-03-31 07815990 uk-bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 07815990 uk-bus:SmallCompaniesRegimeForAccounts 2021-04-01 2022-03-31 07815990 uk-bus:AbridgedAccounts 2021-04-01 2022-03-31 07815990 uk-core:ShareCapital 2022-03-31 07815990 uk-core:ShareCapital 2021-03-31 07815990 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 07815990 uk-core:RetainedEarningsAccumulatedLosses 2021-03-31 07815990 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-03-31 07815990 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2021-03-31 07815990 uk-bus:FRS102 2021-04-01 2022-03-31 07815990 uk-core:LandBuildings 2021-04-01 2022-03-31 07815990 uk-core:Land 2021-04-01 2022-03-31 07815990 uk-core:CostValuation 2022-03-31 07815990 uk-core:Subsidiary1 2021-04-01 2022-03-31 07815990 2021-04-01 2022-03-31 07815990 uk-bus:Director1 2021-04-01 2022-03-31 07815990 uk-bus:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: 07815990
 
 
RNP Properties Limited
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 March 2022
RNP Properties Limited
Company Registration Number: 07815990
ABRIDGED BALANCE SHEET
as at 31 March 2022

2022 2021
Notes £ £
 
Fixed Assets
Tangible assets 4 640,000 640,000
Investments 5 25,084 25,084
───────── ─────────
665,084 665,084
───────── ─────────
 
Current Assets
Debtors 65,218 52,218
Cash and cash equivalents 881 25,489
───────── ─────────
66,099 77,707
───────── ─────────
Creditors: amounts falling due within one year (144,908) (133,707)
───────── ─────────
Net Current Liabilities (78,809) (56,000)
───────── ─────────
Total Assets less Current Liabilities 586,275 609,084
 
Creditors:
amounts falling due after more than one year (381,764) (427,703)
───────── ─────────
Net Assets 204,511 181,381
═════════ ═════════
 
Capital and Reserves
Called up share capital 100 100
Retained earnings 204,411 181,281
───────── ─────────
Equity attributable to owners of the company 204,511 181,381
═════════ ═════════
 
The financial statements have been prepared 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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Director's Report.
           
For the financial year ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 2 August 2022
           
           
________________________________          
Mr R Powe          
Director          
           



RNP Properties Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 March 2022

   
1. General Information
 
RNP Properties Limited is a company limited by shares incorporated and registered in the United Kingdom. The registered number of the company is 07815990. The registered office of the company is Handel House, 95 High Street, Edgware    HA8 7DB. The principal activity of the company is property investment. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 March 2022 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Consolidated accounts
The company is entitled to the exemption in Section 399 of the Companies Act 2006 from the obligation to prepare group accounts.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Land and buildings freehold - Nil
  Long leasehold property - Nil
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Investments
Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the profit and loss account in the year in which it is receivable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 1, (2021 - 1).
         
4. Tangible assets
  Land and Long Total
  buildings leasehold  
  freehold property  
  £ £ £
Cost
At 1 April 2021 400,000 240,000 640,000
  ───────── ───────── ─────────
 
At 31 March 2022 400,000 240,000 640,000
  ───────── ───────── ─────────
Depreciation
At 1 April 2021 - - -
  ───────── ───────── ─────────
At 31 March 2022 - - -
  ───────── ───────── ─────────
Net book value
At 31 March 2022 400,000 240,000 640,000
  ═════════ ═════════ ═════════
At 31 March 2021 400,000 240,000 640,000
  ═════════ ═════════ ═════════
         
5. Investments
  Group and Other Total
  participating investments  
  interests/    
  joint ventures    
Investments £ £ £
Cost
 
At 31 March 2022 84 25,000 25,084
  ───────── ───────── ─────────
Net book value
At 31 March 2022 84 25,000 25,084
  ═════════ ═════════ ═════════
At 31 March 2021 84 25,000 25,084
  ═════════ ═════════ ═════════
             
5.1. Holdings in related undertakings
The company holds 20% or more of the share capital of the following company:
 
  Country Nature   Details Proportion
  of of   of held by
Name incorporation and address of Registered Office business   investment company
 
Subsidiary undertaking
Oakhart Associates Limited England Dormant     84%
 
 
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
 
  Year ended Capital and     Profit for
    reserves     the year
    £     £
 
Oakhart Associates Limited 31 March 2022 37,217     -
    ═════════     ═════════
 
In the opinion of the director, the value to the company of the unlisted investments is not less than the book amount shown above.