Company Registration No. SC532165 (Scotland)
RPM Operations Ltd
Unaudited accounts
for the year ended 30 April 2024
RPM Operations Ltd
Unaudited accounts
Contents
RPM Operations Ltd
Company Information
for the year ended 30 April 2024
Directors
Ronald Gammie
Patricia Margaret Gammie
Ronald Gammie
Patricia Margaret Gammie
Company Number
SC532165 (Scotland)
Registered Office
25 Southfield Road
Balloch
Cumbernauld
North Lanarkshire
G68 9DQ
United Kingdom
Accountants
TW Accounting Services LTD
650 Stirling Road
Luggiebank
Cumbernauld
G67 4AB
RPM Operations Ltd
Statement of financial position
as at 30 April 2024
Investment property
250,000
218,000
Cash at bank and in hand
4,574
8,323
Creditors: amounts falling due within one year
(64,977)
(66,256)
Net current liabilities
(60,015)
(57,565)
Total assets less current liabilities
189,985
160,435
Creditors: amounts falling due after more than one year
(142,531)
(142,531)
Called up share capital
2,000
2,000
Revaluation reserve
68,835
36,835
Profit and loss account
(23,381)
(20,931)
Shareholders' funds
47,454
17,904
For the year ending 30 April 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 5 January 2025 and were signed on its behalf by
Ronald Gammie
Director
Company Registration No. SC532165
RPM Operations Ltd
Notes to the Accounts
for the year ended 30 April 2024
RPM Operations Ltd is a private company, limited by shares, registered in Scotland, registration number SC532165. The registered office is 25 Southfield Road, Balloch, Cumbernauld, North Lanarkshire, G68 9DQ, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
Written off over 3 Years
Investment property is included at market fair value.
RPM Operations Ltd
Notes to the Accounts
for the year ended 30 April 2024
4
Tangible fixed assets
Computer equipment
Fair value at 1 May 2023
218,000
Net gain from fair value adjustments
32,000
Investment property has been estimated by Mr R Gammie
Amounts falling due within one year
Accrued income and prepayments
388
368
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
114
115
Loans from directors
64,686
65,545
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
142,531
142,531
The company’s investment property has been pledged as security for borrowings.
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).