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REGISTERED NUMBER: SC276037 (Scotland)















Financial Statements For The Year Ended 30 November 2023

for

R & P Homes Ltd.

R & P Homes Ltd. (Registered number: SC276037)






Contents of the Financial Statements
For The Year Ended 30 November 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


R & P Homes Ltd.

Company Information
For The Year Ended 30 November 2023







DIRECTORS: R Di Ciacca
P Cairney





REGISTERED OFFICE: C/O Robb Ferguson
Regent Court
70 West Regent Street
Glasgow
G2 2QZ





REGISTERED NUMBER: SC276037 (Scotland)





ACCOUNTANTS: Robb Ferguson Chartered Accountants
Regent Court
70 West Regent Street
Glasgow
G2 2QZ

R & P Homes Ltd. (Registered number: SC276037)

Abridged Statement of Financial Position
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 95,226 95,226

CURRENT ASSETS
Stocks 20,000 20,000
Debtors 41,891 50,454
Cash at bank 9,418 13,767
71,309 84,221
CREDITORS
Amounts falling due within one year 211,590 213,186
NET CURRENT LIABILITIES (140,281 ) (128,965 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(45,055

)

(33,739

)

CREDITORS
Amounts falling due after more than one
year

15,589

25,499
NET LIABILITIES (60,644 ) (59,238 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (60,646 ) (59,240 )
SHAREHOLDERS' FUNDS (60,644 ) (59,238 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

R & P Homes Ltd. (Registered number: SC276037)

Abridged Statement of Financial Position - continued
30 November 2023


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

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2024 and were signed on its behalf by:





R Di Ciacca - Director


R & P Homes Ltd. (Registered number: SC276037)

Notes to the Financial Statements
For The Year Ended 30 November 2023

1. STATUTORY INFORMATION

R & P Homes Ltd. is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The company reports net liabilities on its balance sheet as at the year end date and as such the directors have considered the appropriateness of the going concern basis for preparing these accounts The directors have discussed matters with the company's creditors and are confident that no repayment of facilities will be sought by the company's creditors within a period of 12 months of signing these financial statements that would result in the company failing to meet its obligations. As such, the directors are of the view that it is appropriate to prepare these accounts on the going concern basis.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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 statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

R & P Homes Ltd. (Registered number: SC276037)

Notes to the Financial Statements - continued
For The Year Ended 30 November 2023

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 95,226
NET BOOK VALUE
At 30 November 2023 95,226
At 30 November 2022 95,226

Fair value at 30 November 2023 is represented by:
£   
Cost 95,226

If investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 95,226 95,226

Investment properties were valued on an open market basis on 30 November 2022 by the directors .