Registered number
14428424
RMP Enterprise Solutions Limited
Unaudited Filleted Accounts
31 May 2024
RMP Enterprise Solutions Limited
Registered number: 14428424
Balance Sheet
as at 31 May 2024
Notes 2024
£
Fixed assets
Intangible assets 3 1,760,801
Investments 4 3,063,745
4,824,546
Current assets
Cash at bank and in hand 26,423
Creditors: amounts falling due within one year 5 (244,444)
Net current liabilities (218,021)
Total assets less current liabilities 4,606,525
Creditors: amounts falling due after more than one year 6 (3,001,289)
Net assets 1,605,236
Capital and reserves
Called up share capital 2,133,451
Share premium 1,503,630
Profit and loss account (2,031,845)
Shareholders' funds 1,605,236
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Meegan
Director
Approved by the board on 2 October 2024
RMP Enterprise Solutions Limited
Notes to the Accounts
for the period from 1 December 2022 to 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024
Number
Average number of persons employed by the company 0
3 Intangible fixed assets £
Goodwill:
Cost
Additions 3,336,255
At 31 May 2024 3,336,255
Amortisation
Provided during the period 1,575,454
At 31 May 2024 1,575,454
Net book value
At 31 May 2024 1,760,801
Goodwill is being written off in equal annual instalments over its estimated economic life of 3 years.
4 Investments
Investments in
subsidiary
undertakings
£
Cost
Additions 3,063,745
At 31 May 2024 3,063,745
5 Creditors: amounts falling due within one year 2024
£
Bank loans and overdrafts 244,444
6 Creditors: amounts falling due after one year 2024
£
Bank loans 1,731,482
Amounts owed to group undertakings and undertakings in which the company has a participating interest 751,077
Other creditors 518,730
3,001,289
7 Loans 2024
£
Creditors include:
Secured bank loans 1,975,926
The loan is secured by a fixed and floating charge over all property or undertaking of the company
8 Other information
RMP Enterprise Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 3.06 and 3.07 Brighton Terrace
London
SW9 8DJ
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