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REGISTERED NUMBER: OC430670 (England and Wales)















Report of the Members and

Unaudited Financial Statements for the Year Ended 28 February 2023

for

RS Property Solutions And Developments
LLP

RS Property Solutions And Developments
LLP (Registered number: OC430670)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


RS Property Solutions And Developments
LLP

General Information
for the Year Ended 28 February 2023







DESIGNATED MEMBERS: Reciprocal Solutions Limited
Shape Land And Property Ltd





REGISTERED OFFICE: Suite 4102 Charlotte House
Queens Dock Business Centre
Norfolk Street
Liverpool
Merseyside
L1 0BG





REGISTERED NUMBER: OC430670 (England and Wales)





ACCOUNTANTS: DBS Corporate Accountants
Suite 4102, Charlotte House
Queens Dock Business Centre
67-83 Norfolk Street
Liverpool
Merseyside
L1 0BG

RS Property Solutions And Developments
LLP (Registered number: OC430670)

Report of the Members
for the Year Ended 28 February 2023

The members present their report with the financial statements of the LLP for the year ended 28 February 2023.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of property development.

DESIGNATED MEMBERS
The designated members during the year under review were:

Reciprocal Solutions Limited
Shape Land And Property Ltd

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £160,344 (2022 - £170,224 profit).

MEMBERS' INTERESTS
There is no interest other than distribution out of the profits / loss of the LLP on equal basis.

Each Member may draw on account of its share of profits such sums and at such times as the designated Members
shall determine. The designated Members will determine whether the Members may draw amounts in scenarios
where the cash requirements of the business compete with the need to allow cash drawings by Members.

ON BEHALF OF THE MEMBERS:





Reciprocal Solutions Limited - Designated member


22 October 2023

RS Property Solutions And Developments
LLP (Registered number: OC430670)

Income Statement
for the Year Ended 28 February 2023

28.2.23 28.2.22
£    £   

TURNOVER 484,167 475,000

Cost of sales 260,000 290,899
GROSS PROFIT 224,167 184,101

Administrative expenses 63,823 13,877
OPERATING PROFIT and
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS'
REMUNERATION AND PROFIT
SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS





160,344





170,224

RS Property Solutions And Developments
LLP (Registered number: OC430670)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £   
CURRENT ASSETS
Debtors 52,098 20,519

CREDITORS
Amounts falling due within one year 4 36,003 20,519
NET CURRENT ASSETS 16,095 -
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

16,095

-

LOANS AND OTHER DEBTS DUE TO
MEMBERS

16,095

-

TOTAL MEMBERS' INTERESTS
Loans and other debts due to
members

16,095

-
Amounts due from members (52,098 ) (20,519 )
(36,003 ) (20,519 )

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 28 February 2023.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

RS Property Solutions And Developments
LLP (Registered number: OC430670)

Balance Sheet - continued
28 February 2023


The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 22 October 2023 and were signed by:




Shape Land And Property Ltd - Designated member




Reciprocal Solutions Limited - Designated member


RS Property Solutions And Developments
LLP (Registered number: OC430670)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

RS Property Solutions And Developments LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

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 measured at the fair value of the amounts derived from the services provided by the company falling within its ordinary activities, excluding discounts, rebates, value added tax and other sales taxes.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2022 - NIL).

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts - 33
Trade creditors 2,523 2,171
Taxation and social security 30,480 15,315
Other creditors 3,000 3,000
36,003 20,519

5. RELATED PARTY DISCLOSURES

During the period, the LLP received services in the sum of £19,387 from Shape Land and Property Ltd, a designated member. The balance owed to the member at the period end was £19,387 (2020 £Nil).