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REGISTERED NUMBER: 09695990 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

RCP ESTATES LIMITED

RCP ESTATES LIMITED (REGISTERED NUMBER: 09695990)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


RCP ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: Mr R C Patel





REGISTERED OFFICE: Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES





REGISTERED NUMBER: 09695990 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

RCP ESTATES LIMITED (REGISTERED NUMBER: 09695990)

STATEMENT OF FINANCIAL POSITION
31 JULY 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,012,578 1,964,904

CURRENT ASSETS
Debtors 5 - 1,577
Cash at bank 457 1,214
457 2,791
CREDITORS
Amounts falling due within one year 6 720,315 687,550
NET CURRENT LIABILITIES (719,858 ) (684,759 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,292,720

1,280,145

CREDITORS
Amounts falling due after more than one
year

7

(1,142,626

)

(1,151,645

)

PROVISIONS FOR LIABILITIES 8 (15,060 ) (12,066 )
NET ASSETS 135,034 116,434

CAPITAL AND RESERVES
Called up share capital 9 100 100
Special reserve 51,441 51,441
Retained earnings 83,493 64,893
SHAREHOLDERS' FUNDS 135,034 116,434

RCP ESTATES LIMITED (REGISTERED NUMBER: 09695990)

STATEMENT OF FINANCIAL POSITION - continued
31 JULY 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 January 2025 and were signed by:





Mr R C Patel - Director


RCP ESTATES LIMITED (REGISTERED NUMBER: 09695990)

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


1. STATUTORY INFORMATION

RCP Estates 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 "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 as modified by the revaluation of certain assets.

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.
Freehold property - NIL
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% 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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

RCP ESTATES LIMITED (REGISTERED NUMBER: 09695990)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
Cost or valuation
At 1 August 2023 1,961,405 15,198 2,378 1,978,981
Additions 48,229 - 928 49,157
At 31 July 2024 2,009,634 15,198 3,306 2,028,138
Depreciation
At 1 August 2023 - 13,285 792 14,077
Charge for year - 478 1,005 1,483
At 31 July 2024 - 13,763 1,797 15,560
Net book value
At 31 July 2024 2,009,634 1,435 1,509 2,012,578
At 31 July 2023 1,961,405 1,913 1,586 1,964,904

Cost or valuation at 31 July 2024 is represented by:

Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
Valuation in 2021 63,507 - - 63,507
Cost 1,946,127 15,198 3,306 1,964,631
2,009,634 15,198 3,306 2,028,138

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other debtors - 1,577

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 28,579 48,139
Trade creditors - 435
Taxation and social security 5,311 15,991
Other creditors 686,425 622,985
720,315 687,550

RCP ESTATES LIMITED (REGISTERED NUMBER: 09695990)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 1,044,916 1,053,935
Other creditors 97,710 97,710
1,142,626 1,151,645

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 930,601 861,380

8. PROVISIONS FOR LIABILITIES
31.7.24 31.7.23
£    £   
Deferred tax 15,060 12,066

Deferred
tax
£   
Balance at 1 August 2023 12,066
Provided during year 2,994
Balance at 31 July 2024 15,060

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary £1 100 100