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REGISTERED NUMBER: 10677470 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

R&P Property (UK) Ltd

R&P Property (UK) Ltd (Registered number: 10677470)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


R&P Property (UK) Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: S Rose





SECRETARY:





REGISTERED OFFICE: Michelin House
81 Fulham Road
Chelsea
London
SW3 6RD





REGISTERED NUMBER: 10677470 (England and Wales)





ACCOUNTANTS: PennyBooks Limited
Unit 111, The Light Bulb
1 Filament Walk
London
SW18 4GQ

R&P Property (UK) Ltd (Registered number: 10677470)

Abridged Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,987 74,849

CURRENT ASSETS
Debtors 8,681 3,357
Cash at bank 233,809 401,898
242,490 405,255
CREDITORS
Amounts falling due within one year 33,165 117,467
NET CURRENT ASSETS 209,325 287,788
TOTAL ASSETS LESS CURRENT
LIABILITIES

260,312

362,637

CREDITORS
Amounts falling due after more than one
year

-

(10,794

)

PROVISIONS FOR LIABILITIES (9,688 ) (14,221 )
NET ASSETS 250,624 337,622

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 250,524 337,522
250,624 337,622

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Property (UK) Ltd (Registered number: 10677470)

Abridged Balance Sheet - continued
31 March 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 October 2024 and were signed by:





S Rose - Director


R&P Property (UK) Ltd (Registered number: 10677470)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

R&P Property (UK) Ltd 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 "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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 25% on cost

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 1 (2023 - 1 ) .

R&P Property (UK) Ltd (Registered number: 10677470)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 119,706
Additions 12,689
Disposals (2,584 )
At 31 March 2024 129,811
DEPRECIATION
At 1 April 2023 44,857
Charge for year 34,615
Eliminated on disposal (648 )
At 31 March 2024 78,824
NET BOOK VALUE
At 31 March 2024 50,987
At 31 March 2023 74,849

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 April 2023
and 31 March 2024 56,190
DEPRECIATION
At 1 April 2023
and 31 March 2024 1,561
NET BOOK VALUE
At 31 March 2024 54,629
At 31 March 2023 54,629

5. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.3.24 31.3.23
£    £   
Net obligations repayable:
Within one year - 5,397
Between one and five years - 10,794
- 16,191

R&P Property (UK) Ltd (Registered number: 10677470)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
S Rose
Balance outstanding at start of year (9,246 ) (7,299 )
Amounts advanced 7,610 (1,947 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,636 ) (9,246 )

7. ULTIMATE CONTROLLING PARTY

The controlling party is S Rose.