IRIS Accounts Production v24.2.0.383 03837194 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh038371942022-12-31038371942023-12-31038371942023-01-012023-12-31038371942021-12-31038371942022-01-012022-12-31038371942022-12-3103837194ns15:EnglandWales2023-01-012023-12-3103837194ns14:PoundSterling2023-01-012023-12-3103837194ns10:Director12023-01-012023-12-3103837194ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3103837194ns10:SmallEntities2023-01-012023-12-3103837194ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3103837194ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3103837194ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3103837194ns10:FullAccounts2023-01-012023-12-3103837194ns10:OrdinaryShareClass12023-01-012023-12-3103837194ns10:Director22023-01-012023-12-3103837194ns10:Director32023-01-012023-12-3103837194ns10:Director42023-01-012023-12-3103837194ns10:Director52023-01-012023-12-3103837194ns10:Director62023-01-012023-12-3103837194ns10:CompanySecretary12023-01-012023-12-3103837194ns10:RegisteredOffice2023-01-012023-12-3103837194ns5:CurrentFinancialInstruments2023-12-3103837194ns5:CurrentFinancialInstruments2022-12-3103837194ns5:Non-currentFinancialInstruments2023-12-3103837194ns5:Non-currentFinancialInstruments2022-12-3103837194ns5:ShareCapital2023-12-3103837194ns5:ShareCapital2022-12-3103837194ns5:SharePremium2023-12-3103837194ns5:SharePremium2022-12-3103837194ns5:RetainedEarningsAccumulatedLosses2023-12-3103837194ns5:RetainedEarningsAccumulatedLosses2022-12-3103837194ns5:LongLeaseholdAssetsns5:LandBuildings2023-01-012023-12-3103837194ns5:PlantMachinery2023-01-012023-12-3103837194ns5:LongLeaseholdAssetsns5:LandBuildings2022-12-3103837194ns5:PlantMachinery2022-12-3103837194ns5:LongLeaseholdAssetsns5:LandBuildings2023-12-3103837194ns5:PlantMachinery2023-12-3103837194ns5:LongLeaseholdAssetsns5:LandBuildings2022-12-3103837194ns5:PlantMachinery2022-12-3103837194ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3103837194ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3103837194ns5:WithinOneYear2023-12-3103837194ns5:WithinOneYear2022-12-3103837194ns5:BetweenOneFiveYears2023-12-3103837194ns5:BetweenOneFiveYears2022-12-3103837194ns5:AllPeriods2023-12-3103837194ns5:AllPeriods2022-12-3103837194ns5:Secured2023-12-3103837194ns5:Secured2022-12-3103837194ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 03837194 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

rg+p Limited

rg+p Limited (Registered number: 03837194)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


rg+p Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J N Badley
M J Dale
R A Woolston
C Lindley
G A Giblett
Ms A Briars





SECRETARY: J N Badley





REGISTERED OFFICE: 71 Princess Road West
Leicester
Leicestershire
LE1 6TR





REGISTERED NUMBER: 03837194 (England and Wales)

rg+p Limited (Registered number: 03837194)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,137 62,675

CURRENT ASSETS
Debtors 5 2,294,840 2,069,831
Cash at bank and in hand 856 5,951
2,295,696 2,075,782
CREDITORS
Amounts falling due within one year 6 1,094,206 938,558
NET CURRENT ASSETS 1,201,490 1,137,224
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,250,627

1,199,899

CREDITORS
Amounts falling due after more than one
year

7

(113,334

)

(207,809

)

PROVISIONS FOR LIABILITIES (176,861 ) (9,765 )
NET ASSETS 960,432 982,325

CAPITAL AND RESERVES
Called up share capital 10 540 540
Share premium 21,330 21,330
Retained earnings 938,562 960,455
SHAREHOLDERS' FUNDS 960,432 982,325

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

rg+p Limited (Registered number: 03837194)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by:





M J Dale - Director


rg+p Limited (Registered number: 03837194)

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

1. STATUTORY INFORMATION

rg+p 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.

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


The principal activity of the company during the year continued to be that of architects, projects managers and quantity surveyors.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

> the amount of turnover can be measured reliably;
> it is probable that the Company will receive the consideration due under the contract;
> the stage of completion of the contract at the end of the reporting period can be measured reliably; and
> the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 5% on cost
Plant and machinery - 25% on cost

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investment in ordinary shares.


rg+p Limited (Registered number: 03837194)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

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 79 (2022 - 80 ) .

4. TANGIBLE FIXED ASSETS
Long Plant and
leasehold machinery Totals
£    £    £   
COST
At 1 January 2023 10,533 261,050 271,583
Additions - 19,181 19,181
Disposals - (134,707 ) (134,707 )
At 31 December 2023 10,533 145,524 156,057
DEPRECIATION
At 1 January 2023 5,118 203,790 208,908
Charge for year 1,521 31,198 32,719
Eliminated on disposal - (134,707 ) (134,707 )
At 31 December 2023 6,639 100,281 106,920
NET BOOK VALUE
At 31 December 2023 3,894 45,243 49,137
At 31 December 2022 5,415 57,260 62,675

rg+p Limited (Registered number: 03837194)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 387,986 651,145
Amounts owed by group undertakings 1,272,561 747,587
Other debtors 634,293 671,099
2,294,840 2,069,831

Included within other debtors is work-in-progress totalling £298,632 (2022: £335,788).

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 177,010 80,000
Trade creditors 339,128 273,866
Taxation and social security 206,142 381,648
Other creditors 371,926 203,044
1,094,206 938,558

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 113,334 207,809

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 323,842 357,358
Between one and five years 844,784 522,065
1,168,626 879,423

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the lease term.

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 193,334 287,809

National Westminster Bank Plc holds a debenture dated 13 October 2006 over all monies due or to become due to the company.

rg+p Limited (Registered number: 03837194)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
540 Ordinary £1 540 540

11. ULTIMATE CONTROLLING PARTY

The company's immediate and ultimate parent company is rg+p (Holdings) Limited, a company incorporated in England.