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REGISTERED NUMBER: 06918359 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

RP Advisory Limited

RP Advisory Limited (Registered number: 06918359)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


RP Advisory Limited (Registered number: 06918359)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 3,088 10,646
Investments 5 259,875 504,120
262,963 514,766

Current assets
Debtors 6 91,891 184,713
Cash at bank 168,718 343,477
260,609 528,190
Creditors
Amounts falling due within one year 7 125,951 111,293
Net current assets 134,658 416,897
Total assets less current liabilities 397,621 931,663

Provisions for liabilities - 1,088
Net assets 397,621 930,575

Capital and reserves
Called up share capital 8 2,004 2,004
Retained earnings 9 395,617 928,571
Shareholders' funds 397,621 930,575

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

RP Advisory Limited (Registered number: 06918359)

Balance Sheet - continued
31 May 2024


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 Board of Directors and authorised for issue on 15 August 2024 and were signed on its behalf by:





G R Rampton - Director


RP Advisory Limited (Registered number: 06918359)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. Statutory information

RP Advisory Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06918359

Registered office: One Park Drive
Apartment 805
London
E14 9GG

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 as modified by the revaluation of certain 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.

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 - 25% on reducing balance

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.


RP Advisory Limited (Registered number: 06918359)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 4 (2023 - 4 ) .

4. Tangible fixed assets
Plant and
machinery
£   
Cost
At 1 June 2023 29,091
Additions 3,184
Disposals (27,846 )
At 31 May 2024 4,429
Depreciation
At 1 June 2023 18,446
Charge for year 1,341
Eliminated on disposal (18,446 )
At 31 May 2024 1,341
Net book value
At 31 May 2024 3,088
At 31 May 2023 10,645

RP Advisory Limited (Registered number: 06918359)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. Fixed asset investments
Other
investment
£   
Cost or valuation
At 1 June 2023 504,120
Additions 15,001
Disposals (291,219 )
Revaluations 31,973
At 31 May 2024 259,875
Net book value
At 31 May 2024 259,875
At 31 May 2023 504,120

Cost or valuation at 31 May 2024 is represented by:

Other
investment
£   
Valuation in 2024 31,973
Cost 227,902
259,875

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 81,000 45,930
Other debtors 10,891 4,703
Directors' current accounts - 134,080
91,891 184,713

RP Advisory Limited (Registered number: 06918359)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Corporation Tax 59,755 66,340
Social security and other taxes 9,241 4,208
VAT 33,582 25,730
Other creditors 2,951 1,550
Directors' current accounts 13,647 -
Accrued expenses 6,775 13,465
125,951 111,293

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
NIL A Ordinary £1 - 1
480 B Ordinary £1 480 2,000
1,524 C Ordinary £1 1,524 1
NIL D Ordinary £1 - 1
NIL E Ordinary £1 - 1
2,004 2,004

The following shares were issued during the year for cash at par :

1,523 C Ordinary shares of £1

During the year the company purchased 1 A Ordinary share, 1,520 B Ordinary share, 1 D Ordinary share and 1 E Ordinary share for a total of £649,156. As a result of the 1,523 C Ordinary shares issued there was no reduction in share capital.

9. Reserves
Retained
earnings
£   

At 1 June 2023 928,571
Profit for the year 126,845
Dividends (10,643 )
Purchase of own shares (649,156 )
At 31 May 2024 395,617

RP Advisory Limited (Registered number: 06918359)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

10. Ultimate controlling party

The ultimate controlling party is S Smith.