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REGISTERED NUMBER: 11873202 (England and Wales)















R P S CANALSIDE LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024






R P S CANALSIDE LIMITED (REGISTERED NUMBER: 11873202)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R P S CANALSIDE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: P S Edwards BSc MRICS
S A Edwards





REGISTERED OFFICE: Unit 2
Tilcon Avenue
Stafford
Staffordshire
ST18 0YJ





REGISTERED NUMBER: 11873202 (England and Wales)

R P S CANALSIDE LIMITED (REGISTERED NUMBER: 11873202)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 130,000 130,000

CURRENT ASSETS
Debtors 5 45,600 48,500
Cash at bank 1,279 2,991
46,879 51,491
CREDITORS
Amounts falling due within one year 6 (13,537 ) (13,417 )
NET CURRENT ASSETS 33,342 38,074
TOTAL ASSETS LESS CURRENT LIABILITIES 163,342 168,074

CREDITORS
Amounts falling due after more than one
year

7

(137,900

)

(148,700

)
NET ASSETS 25,442 19,374

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 25,342 19,274
SHAREHOLDERS' FUNDS 25,442 19,374

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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 S CANALSIDE LIMITED (REGISTERED NUMBER: 11873202)

BALANCE SHEET - continued
31 MAY 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2024 and were signed on its behalf by:





P S Edwards BSc MRICS - Director


R P S CANALSIDE LIMITED (REGISTERED NUMBER: 11873202)

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


1. STATUTORY INFORMATION

R P S Canalside 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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

Turnover
Turnover is measured at the fair value of consideration received or receivable. The policies adopted for recognition of turnover are as follows

Rental income
Rental income from operating leases (net of any incentives given to the lessees) is recognised on a straight-line basis over the lease term.

Tangible fixed assets
Freehold property is stated at cost. Over the year end the freehold property underwent extensive refurbishment and was brought fully into use after the year end therefore no depreciation has been provided during the year. In future years the value of the property excluding land, will be depreciated at a rate to write off the value over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

R P S CANALSIDE LIMITED (REGISTERED NUMBER: 11873202)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


2. ACCOUNTING POLICIES - continued

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 June 2023
and 31 May 2024 130,000
NET BOOK VALUE
At 31 May 2024 130,000
At 31 May 2023 130,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 900
Amounts owed by group undertakings 45,600 47,600
45,600 48,500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 1,550 1,488
Other creditors 10,799 10,801
Accruals and deferred income 1,188 1,128
13,537 13,417

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 137,900 148,700

R P S CANALSIDE LIMITED (REGISTERED NUMBER: 11873202)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100