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Company Registration No. 04445707 (England and Wales)
R P S PROPERTIES LIMITED Unaudited accounts for the year ended 31 May 2023
R P S PROPERTIES LIMITED Unaudited accounts Contents
Page
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R P S PROPERTIES LIMITED Company Information for the year ended 31 May 2023
Directors
Harish Babber Ashok Babber Parmod Babber
Company Number
04445707 (England and Wales)
Accountants
RMR Partnership LLP 3rd Floor, Vyman House 104 College Road Harrow Middlesex HA1 1BQ
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R P S PROPERTIES LIMITED Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,340,490 
1,372,866 
Current assets
Debtors
458,777 
358,776 
Cash at bank and in hand
87,986 
67,486 
546,763 
426,262 
Creditors: amounts falling due within one year
(1,110,060)
(1,019,876)
Net current liabilities
(563,297)
(593,614)
Total assets less current liabilities
777,193 
779,252 
Creditors: amounts falling due after more than one year
(621,200)
(621,200)
Net assets
155,993 
158,052 
Capital and reserves
Called up share capital
600 
600 
Profit and loss account
155,393 
157,452 
Shareholders' funds
155,993 
158,052 
For the year ending 31 May 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 directors acknowledge their 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 of Directors and authorised for issue on 23 February 2024 and were signed on its behalf by
Harish Babber Director Company Registration No. 04445707
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R P S PROPERTIES LIMITED Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
R P S PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04445707.
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.
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.
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:
Land & buildings
2% stright line
Fixtures & fittings
25% Reducing balance
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2022
1,617,902 
3,505 
1,621,407 
At 31 May 2023
1,617,902 
3,505 
1,621,407 
Depreciation
At 1 June 2022
245,109 
3,432 
248,541 
Charge for the year
32,358 
18 
32,376 
At 31 May 2023
277,467 
3,450 
280,917 
Net book value
At 31 May 2023
1,340,435 
55 
1,340,490 
At 31 May 2022
1,372,793 
73 
1,372,866 
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R P S PROPERTIES LIMITED Notes to the Accounts for the year ended 31 May 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Other debtors
458,777 
358,776 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
50,000 
100,200 
Taxes and social security
27,538 
20,426 
Other creditors
1,029,642 
897,810 
Accruals
2,880 
1,440 
1,110,060 
1,019,876 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
621,200 
621,200 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
600 Ordinary shares of £1 each
600 
600 
9
Transactions with related parties
At the balance sheet date Ram Parkash Sunderdass & Sons Limited owe £358,776 (owed 2021: £227,785), and Ram Parkash Properties Partnership (RPPP) owed to £897,810 (2021:1,116,794). The directors and sharholders in RPS Properties Ltd are also directors and shareholders in Ram Parkash Sunderdass & Sons Limited and partners in the RPPP.
10
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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