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REGISTERED NUMBER: 12031128 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

RLP Financial Limited

RLP Financial Limited (Registered number: 12031128)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RLP Financial Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: R Pye





REGISTERED OFFICE: 59 Farmstead Street
Middlesbrough
TS5 8FJ





REGISTERED NUMBER: 12031128 (England and Wales)





ACCOUNTANTS: APC Accountancy
Chartered Accountants
73 Gilkes Street
Middlesbrough
TS1 5EH

RLP Financial Limited (Registered number: 12031128)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,000 2,000
Tangible assets 5 200 575
1,200 2,575

CURRENT ASSETS
Debtors 6 20,459 14,642
Cash at bank 118 -
20,577 14,642
CREDITORS
Amounts falling due within one year 7 11,943 7,225
NET CURRENT ASSETS 8,634 7,417
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,834

9,992

CREDITORS
Amounts falling due after more than one
year

8

(9,746

)

(9,746

)

PROVISIONS FOR LIABILITIES 9 (39 ) (110 )
NET ASSETS 49 136

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 48 135
49 136

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

RLP Financial Limited (Registered number: 12031128)

Balance Sheet - continued
30 June 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 April 2024 and were signed by:





R Pye - Director


RLP Financial Limited (Registered number: 12031128)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

RLP Financial Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company 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 Companies Act 2006. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment loss.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual
provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


RLP Financial Limited (Registered number: 12031128)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 5,000
AMORTISATION
At 1 July 2022 3,000
Charge for year 1,000
At 30 June 2023 4,000
NET BOOK VALUE
At 30 June 2023 1,000
At 30 June 2022 2,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022
and 30 June 2023 1,500
DEPRECIATION
At 1 July 2022 925
Charge for year 375
At 30 June 2023 1,300
NET BOOK VALUE
At 30 June 2023 200
At 30 June 2022 575

RLP Financial Limited (Registered number: 12031128)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors - 6,251
Other debtors 20,459 8,391
20,459 14,642

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 2,603 2,604
Taxation and social security 9,015 1,800
Other creditors 325 2,821
11,943 7,225

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 9,746 9,746

9. PROVISIONS FOR LIABILITIES
30.6.23 30.6.22
£    £   
Deferred tax 39 110

Deferred
tax
£   
Balance at 1 July 2022 110
Movement (71 )
Balance at 30 June 2023 39

10. RELATED PARTY DISCLOSURES

As at the 30th June 2023 the director owed the company £20,459 (2022: £5,893) This was repaid by 31st March 2024.

11. ULTIMATE CONTROLLING PARTY

The controlling party is R Pye.