1 April 2022 false No description of principal activity Taxfiler 2023.10 07780747business:PrivateLimitedCompanyLtd2022-04-012023-04-30 077807472022-03-31 077807472022-04-012023-04-30 07780747business:AuditExemptWithAccountantsReport2022-04-012023-04-30 07780747business:FilletedAccounts2022-04-012023-04-30 077807472023-04-30 077807472022-03-31 07780747core:WithinOneYear2023-04-30 07780747core:WithinOneYear2022-03-31 07780747core:ShareCapitalcore:PreviouslyStatedAmount2023-04-30 07780747core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 07780747core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-04-30 07780747core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 07780747core:PreviouslyStatedAmount2023-04-30 07780747core:PreviouslyStatedAmount2022-03-31 07780747business:SmallEntities2022-04-012023-04-30 07780747business:Director12022-04-012023-04-30 07780747countries:EnglandWales2022-04-012023-04-30 07780747core:PlantMachinery2022-04-012023-04-30 07780747core:FurnitureFittings2022-04-012023-04-30 07780747core:ComputerEquipment2022-04-012023-04-30 07780747core:PlantMachinery2022-03-31 07780747core:PlantMachinery2023-04-30 07780747core:AdditionsToInvestments2023-04-30 07780747core:RevaluationsIncreaseDecreaseInInvestments2023-04-30 07780747core:DisposalsRepaymentsInvestments2023-04-30 077807472021-04-012022-03-31 iso4217:GBP xbrli:pure
Company Registration No. 07780747 (England and Wales)
Retail Project Associates Ltd Unaudited accounts for the period from 1 April 2022 to 30 April 2023
Retail Project Associates Ltd Unaudited accounts Contents
Page
- 2 -
Retail Project Associates Ltd Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,579 
2,447 
Investments
559,839 
524,627 
575,418 
527,074 
Current assets
Cash at bank and in hand
32,287 
68,991 
Creditors: amounts falling due within one year
(108,183)
(87,249)
Net current liabilities
(75,896)
(18,258)
Total assets less current liabilities
499,522 
508,816 
Provisions for liabilities
Deferred tax
(29,461)
(25,626)
Net assets
470,061 
483,190 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
470,060 
483,189 
Shareholders' funds
470,061 
483,190 
For the period ending 30 April 2023 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 22 May 2023 and were signed on its behalf by
Mr M Shaw Director Company Registration No. 07780747
- 3 -
Retail Project Associates Ltd Notes to the Accounts for the period from 1 April 2022 to 30 April 2023
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 period, 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.
- 4 -
Retail Project Associates Ltd Notes to the Accounts for the period from 1 April 2022 to 30 April 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2022
12,574 
Additions
15,122 
At 30 April 2023
27,696 
Depreciation
At 1 April 2022
10,127 
Charge for the period
1,990 
At 30 April 2023
12,117 
Net book value
At 30 April 2023
15,579 
At 31 March 2022
2,447 
5
Investments
Other investments 
£ 
Valuation at 1 April 2022
524,627 
Additions
62,437 
Fair value adjustments
7,055 
Disposals
(34,280)
Valuation at 30 April 2023
559,839 
The historical cost of investments totals £420,358 (2022: £392,201). At the balance sheet date these investments were fair valued by the investment platform provider.
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
54,812 
50,599 
Taxes and social security
35,430 
23,724 
Other creditors
17,941 
12,926 
108,183 
87,249 
7
Average number of employees
During the period the average number of employees was 1 (2022: 1).
- 5 -