Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-3122022-02-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity2truetrue 11773488 2022-02-01 2023-01-31 11773488 2021-02-01 2022-01-31 11773488 2023-01-31 11773488 2022-01-31 11773488 c:Director1 2022-02-01 2023-01-31 11773488 d:CurrentFinancialInstruments 2023-01-31 11773488 d:CurrentFinancialInstruments 2022-01-31 11773488 d:Non-currentFinancialInstruments 2023-01-31 11773488 d:Non-currentFinancialInstruments 2022-01-31 11773488 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 11773488 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 11773488 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 11773488 d:Non-currentFinancialInstruments d:AfterOneYear 2022-01-31 11773488 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-01-31 11773488 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-01-31 11773488 d:ShareCapital 2023-01-31 11773488 d:ShareCapital 2022-01-31 11773488 d:RetainedEarningsAccumulatedLosses 2023-01-31 11773488 d:RetainedEarningsAccumulatedLosses 2022-01-31 11773488 c:OrdinaryShareClass1 2022-02-01 2023-01-31 11773488 c:OrdinaryShareClass1 2023-01-31 11773488 c:OrdinaryShareClass1 2022-01-31 11773488 c:OrdinaryShareClass2 2022-02-01 2023-01-31 11773488 c:OrdinaryShareClass2 2023-01-31 11773488 c:OrdinaryShareClass2 2022-01-31 11773488 c:FRS102 2022-02-01 2023-01-31 11773488 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 11773488 c:FullAccounts 2022-02-01 2023-01-31 11773488 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 11773488 6 2022-02-01 2023-01-31 11773488 1 2023-01-31 11773488 3 2023-01-31 11773488 1 2022-01-31 11773488 3 2022-01-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 11773488









R&P INVESTMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

 
R&P INVESTMENTS LIMITED
REGISTERED NUMBER: 11773488

BALANCE SHEET
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
339,353
324,353

Current assets
  

Cash at bank and in hand
 5 
3,851
1,801

Creditors: amounts falling due within one year
 6 
(111,124)
(95,370)

Net current liabilities
  
 
 
(107,273)
 
 
(93,569)

Total assets less current liabilities
  
232,080
230,784

Creditors: amounts falling due after more than one year
 7 
(228,114)
(226,979)

Net assets
  
3,966
3,805


Capital and reserves
  

Called up share capital 
 9 
2
2

Profit and loss account
  
3,964
3,803

  
3,966
3,805


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 October 2023.



Parminder Gharial
Director

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
R&P INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


General information

The company is incorporated in England and Wales with company number 11773488. The registered office address is 33 Lechmere Avenue, Chigwell, IG7 5HA.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 2

 
R&P INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless
Page 3

 
R&P INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)


2.10
Financial instruments (continued)

the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Fixed asset investments





Listed investments
Investment property
Total

£
£
£



Cost


At 1 February 2022
-
324,353
324,353


Additions
15,000
-
15,000



At 31 January 2023

15,000
324,353
339,353






Net book value



At 31 January 2023
15,000
324,353
339,353



At 31 January 2022
-
324,353
324,353

Page 4

 
R&P INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
3,851
1,801



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
-
45

Other creditors
111,124
95,325

111,124
95,370



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
228,114
226,979



8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£




Amounts falling due after more than 5 years

Bank loans
228,114
226,979



9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1.00
1
1
1 (2022 - 1) Ordinary A share of £1.00
1
1

2

2

Page 5

 
R&P INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

9.Share capital (continued)



10.


Related party transactions

Included within other creditors is an amount of £111,124 (2022 - £95,325) owed to the director. This amount is interest free.

 
Page 6