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REGISTERED NUMBER: OC417432 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

RSPC PROPERTY LLP

RSPC PROPERTY LLP (REGISTERED NUMBER: OC417432)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


RSPC PROPERTY LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: Mr R P Crawley
Mrs S P Crawley
RSPC Group Ltd





REGISTERED OFFICE: Unit 2.02
High Weald House
Glovers End
Bexhill on Sea
East Sussex
TN39 5ES





REGISTERED NUMBER: OC417432 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

RSPC PROPERTY LLP (REGISTERED NUMBER: OC417432)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,515,000 1,465,000

CURRENT ASSETS
Cash at bank 23,695 13,951

CREDITORS
Amounts falling due within one year 5 2,354 1,680
NET CURRENT ASSETS 21,341 12,271
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,536,341

1,477,271

LOANS AND OTHER DEBTS DUE TO
MEMBERS

21,341

12,271

MEMBERS' OTHER INTERESTS
Capital accounts 1,515,000 1,465,000
1,536,341 1,477,271

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 21,341 12,271
Members' other interests 1,515,000 1,465,000
1,536,341 1,477,271

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

RSPC PROPERTY LLP (REGISTERED NUMBER: OC417432)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 5 September 2024 and were signed by:





Mr R P Crawley - Designated member

RSPC PROPERTY LLP (REGISTERED NUMBER: OC417432)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

RSPC Property LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2023 - NIL ) .

4. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 April 2023 1,465,000
Revaluations 50,000
At 31 March 2024 1,515,000
Net book value
At 31 March 2024 1,515,000
At 31 March 2023 1,465,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2020 37,000
Valuation in 2022 (107,000 )
Valuation in 2023 20,000
Valuation in 2024 50,000
Cost 1,515,000
1,515,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 2,354 1,680