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Company Registration No. 13920896 (England and Wales)
RP31 Limited Unaudited accounts for the year ended 29 February 2024
RP31 Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
202,139 
202,139 
Current assets
Debtors
194 
199 
Cash at bank and in hand
5,801 
4,132 
5,995 
4,331 
Creditors: amounts falling due within one year
(1,347)
(769)
Net current assets
4,648 
3,562 
Total assets less current liabilities
206,787 
205,701 
Creditors: amounts falling due after more than one year
(208,157)
(208,157)
Net liabilities
(1,370)
(2,456)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(1,470)
(2,556)
Shareholders' funds
(1,370)
(2,456)
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2024 and were signed on its behalf by
Reemesh Vinod Patel Director Company Registration No. 13920896
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RP31 Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
RP31 Limited is a private company, limited by shares, registered in England and Wales, registration number 13920896. The registered office is First Floor Offices 25 Sanders Road , Finedon Road Industrial Estate, Wellingborough, Northamptonshire, NN8 4NL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value of gross rent due to the company for the financial year.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2024 
£ 
Fair value at 1 March 2023
202,139 
At 29 February 2024
202,139 
The historic cost of the property totalled £202,139.
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
194 
199 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
807 
229 
Accruals
540 
540 
1,347 
769 
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RP31 Limited Notes to the Accounts for the year ended 29 February 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
146,250 
146,250 
Loans from directors
61,907 
61,907 
208,157 
208,157 
The bank loan is secured against the investment property.
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 4 -