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Registration number: 09106794

RPMS Capital Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

RPMS Capital Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 12

 

RPMS Capital Limited

Company Information

Director

Mr Rupert Stanley

Registered office

91 Peterborough Road
London
SW6 3BU

Accountants

Hatherleigh Limited
Chartered Accountants & Business Advisers
Unit D Green Barn
West Down Farm
Corton Denham
Sherborne
Dorset
DT9 4LG

 

RPMS Capital Limited

(Registration number: 09106794)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

3,130

3,779

Investments

5

175

250

 

3,305

4,029

Current assets

 

Debtors

6

1,780,725

2,301,148

Cash at bank and in hand

 

4,343

1,484

 

1,785,068

2,302,632

Creditors: Amounts falling due within one year

7

(781,540)

(1,042,630)

Net current assets

 

1,003,528

1,260,002

Total assets less current liabilities

 

1,006,833

1,264,031

Creditors: Amounts falling due after more than one year

7

(36,985)

(42,498)

Net assets

 

969,848

1,221,533

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

969,748

1,221,433

Shareholders' funds

 

969,848

1,221,533

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 August 2024
 

 

RPMS Capital Limited

(Registration number: 09106794)
Balance Sheet as at 31 December 2023

.........................................
Mr Rupert Stanley
Director

 

RPMS Capital Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
91 Peterborough Road
London
SW6 3BU

These financial statements were authorised for issue by the director on 28 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

RPMS Capital Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

33.33% Straight Line

Fixtures & Fittings

25% Straight Line

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

RPMS Capital Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 2).

 

RPMS Capital Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2023

6,094

6,094

Additions

2,029

2,029

At 31 December 2023

8,123

8,123

Depreciation

At 1 January 2023

2,315

2,315

Charge for the year

2,678

2,678

At 31 December 2023

4,993

4,993

Carrying amount

At 31 December 2023

3,130

3,130

At 31 December 2022

3,779

3,779

5

Investments

2023
£

2022
£

Investments in subsidiaries

125

150

Investments in joint ventures

50

100

175

250

Subsidiaries

£

Cost or valuation

At 1 January 2023

150

Disposals

(25)

At 31 December 2023

125

Provision

Carrying amount

At 31 December 2023

125

At 31 December 2022

150

 

RPMS Capital Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Joint ventures

£

Cost

At 1 January 2023

100

Disposals

(50)

At 31 December 2023

50

Provision

Carrying amount

At 31 December 2023

50

At 31 December 2022

100

6

Debtors

Current

Note

2023
£

2022
£

Trade debtors

 

591,889

951,889

Amounts owed by related parties

11

1,188,836

1,286,759

Other debtors

 

-

62,500

   

1,780,725

2,301,148

 

RPMS Capital Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

1,500

1,500

Amounts owed to group undertakings and undertakings in which the company has a participating interest

11

2,304

7,680

Taxation and social security

 

119,041

270,362

Accruals and deferred income

 

1,500

1,500

Other creditors

 

657,195

761,588

 

781,540

1,042,630

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

9

36,985

42,498

8

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100

       

9

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Bank borrowings

36,985

42,498

10

Dividends

Interim dividends paid

 

RPMS Capital Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

2023
£

2022
£

Interim dividend of £Nil (2022 - £374.24) per each Ordinary Shares

-

37,424

 

 

11

Related party transactions

 

RPMS Capital Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Transactions with the director

2023

At 1 January 2023
£

Advances to director
£

Repayments by director
£

At 31 December 2023
£

Mr Rupert Stanley

The director maintains an interest free loan with the company which is repayable upon demand

761,488

(260,075)

155,682

657,095

2022

At 1 January 2022
£

Advances to director
£

Repayments by director
£

At 31 December 2022
£

Mr Rupert Stanley

The director maintains an interest free loan with the company which is repayable upon demand

116,287

(2,086)

647,287

761,488

 

RPMS Capital Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Director's remuneration

The director's remuneration for the year was as follows:

2023
£

2022
£

Remuneration

12,576

12,576

Summary of transactions with other related parties


During the accounting period the company transacted with entities that are related parties by virtue of being group companies, joint ventures or in which the director has an interest. As at the balance sheet date, the following amounts were outstanding:

Amounts owed to:

Golborne Development 1 Limited £924 2022: £4830
Golborne Road Management Ltd: NIL 2022: £2850

Amounts owed by:

Lordship Partners Limited: £73 2022: £377
Lordship Holdings Limited: £922,036 2022: £853,522
Golborne Road Management Ltd: £49,867 2022: NIL
Matrix Studios Ltd: £166,860 2022: £432,860


 All loans are unsecured and are repayable upon demand.