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REGISTERED NUMBER: 06888047 (England and Wales)















Unaudited Financial Statements

For The Year Ended 30 April 2024

for

RJP Limited

RJP Limited (Registered number: 06888047)






Contents of the Financial Statements
For The Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RJP Limited

Company Information
For The Year Ended 30 April 2024







DIRECTORS: Mr R J Patel
Mr J R Patel
Mrs K J Patel





SECRETARY: Mr R J Patel





REGISTERED OFFICE: 1 Capuchin Court
Cherry Hinton
Cambridge
CB1 9GP





REGISTERED NUMBER: 06888047 (England and Wales)





ACCOUNTANTS: RNS Business Solutions Limited
Chartered Accountants
276 Preston Road
Harrow
Middlesex
HA3 0QA

RJP Limited (Registered number: 06888047)

Balance Sheet
30 April 2024

30/4/24 30/4/23
Notes £    £   
FIXED ASSETS
Intangible assets 4 2 2
Tangible assets 5 144,574 178,523
Investments 6 200 -
144,776 178,525

CURRENT ASSETS
Stocks 406,096 362,535
Debtors 7 65,117 67,368
Cash at bank and in hand 1,648,370 1,292,155
2,119,583 1,722,058
CREDITORS
Amounts falling due within one year 8 (769,255 ) (661,120 )
NET CURRENT ASSETS 1,350,328 1,060,938
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,495,104

1,239,463

CREDITORS
Amounts falling due after more than one year 9 (63,127 ) (105,861 )

PROVISIONS FOR LIABILITIES (34,983 ) (43,183 )
NET ASSETS 1,396,994 1,090,419

CAPITAL AND RESERVES
Called up share capital 100 100
Profit and loss account 1,396,894 1,090,319
SHAREHOLDERS' FUNDS 1,396,994 1,090,419

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

RJP Limited (Registered number: 06888047)

Balance Sheet - continued
30 April 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 22 January 2025 and were signed on its behalf by:




Mr R J Patel - Director Mr J R Patel - Director




Mrs K J Patel - Director


RJP Limited (Registered number: 06888047)

Notes to the Financial Statements
For The Year Ended 30 April 2024

1. STATUTORY INFORMATION

RJP 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about RJP Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the newsagent and convenience goods has transferred to the buyer. This is usually at the point that the customer has paid for the goods.

Goodwill
Externally purchased goodwill is stated at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised over its estimated useful life of five years on straight line basis from the date of transition in to FRS 102 on 1 May 2014.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Over the period of the lease
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

RJP Limited (Registered number: 06888047)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

RJP Limited (Registered number: 06888047)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 43 (2023 - 39 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 250,001
AMORTISATION
At 1 May 2023
and 30 April 2024 249,999
NET BOOK VALUE
At 30 April 2024 2
At 30 April 2023 2

RJP Limited (Registered number: 06888047)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023 32,889 396,404 15,285 444,578
Additions - 500 2,900 3,400
Disposals - - (3,720 ) (3,720 )
At 30 April 2024 32,889 396,904 14,465 444,258
DEPRECIATION
At 1 May 2023 27,099 230,523 8,433 266,055
Charge for year 1,148 33,276 1,706 36,130
Eliminated on disposal - - (2,501 ) (2,501 )
At 30 April 2024 28,247 263,799 7,638 299,684
NET BOOK VALUE
At 30 April 2024 4,642 133,105 6,827 144,574
At 30 April 2023 5,790 165,881 6,852 178,523

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 200
At 30 April 2024 200
NET BOOK VALUE
At 30 April 2024 200

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade debtors 2,279 7,563
Other debtors 62,838 59,805
65,117 67,368

RJP Limited (Registered number: 06888047)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Bank loans and overdrafts 42,667 40,973
Trade creditors 283,261 244,612
Taxation and social security 198,905 140,391
Other creditors 244,422 235,144
769,255 661,120

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/4/24 30/4/23
£    £   
Bank loans 63,127 105,861

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30/4/24 30/4/23
£    £   
Within one year 55,000 59,340
Between one and five years 178,750 220,000
In more than five years - 13,750
233,750 293,090

11. RELATED PARTY DISCLOSURES

Included in creditors is an amount due to the directors and shareholders of £160,747 (2023: £170,769). During the year the company paid interest of £6,377 (2023: £7,613) to directors.The outstanding loan due is payable on demand.