IRIS Accounts Production v24.3.2.46 SC736433 Board of Directors Board of Directors 1.7.23 30.6.24 30.6.24 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC7364332023-06-30SC7364332024-06-30SC7364332023-07-012024-06-30SC7364332022-06-23SC7364332022-06-242023-06-30SC7364332023-06-30SC736433ns15:Scotland2023-07-012024-06-30SC736433ns14:PoundSterling2023-07-012024-06-30SC736433ns10:Director12023-07-012024-06-30SC736433ns10:Director22023-07-012024-06-30SC736433ns10:PrivateLimitedCompanyLtd2023-07-012024-06-30SC736433ns10:SmallEntities2023-07-012024-06-30SC736433ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-30SC736433ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-30SC736433ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-30SC736433ns10:FullAccounts2023-07-012024-06-30SC736433ns5:CurrentFinancialInstruments2024-06-30SC736433ns5:CurrentFinancialInstruments2023-06-30SC736433ns5:Non-currentFinancialInstruments2024-06-30SC736433ns5:Non-currentFinancialInstruments2023-06-30SC736433ns5:ShareCapital2024-06-30SC736433ns5:ShareCapital2023-06-30SC736433ns5:RetainedEarningsAccumulatedLosses2024-06-30SC736433ns5:RetainedEarningsAccumulatedLosses2023-06-30SC736433ns5:PlantMachinery2023-07-012024-06-30SC736433ns5:PlantMachinery2024-06-30SC736433ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-30SC736433ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-30SC736433ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-06-30SC736433ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-06-30SC736433ns5:Secured2024-06-30SC736433ns5:Secured2023-06-30
REGISTERED NUMBER: SC736433 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

RP & GP Property Limited

RP & GP Property Limited (Registered number: SC736433)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


RP & GP Property Limited (Registered number: SC736433)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 25,046 -
Investment property 5 428,561 -
453,607 -

CURRENT ASSETS
Debtors 6 9,936 100
Cash at bank 7,660 -
17,596 100
CREDITORS
Amounts falling due within one year 7 (176,882 ) -
NET CURRENT (LIABILITIES)/ASSETS (159,286 ) 100
TOTAL ASSETS LESS CURRENT
LIABILITIES

294,321

100

CREDITORS
Amounts falling due after more than one
year

8

(301,325

)

-
NET (LIABILITIES)/ASSETS (7,004 ) 100

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (7,104 ) -
(7,004 ) 100

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

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

RP & GP Property Limited (Registered number: SC736433)

Balance Sheet - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2024 and were signed on its behalf by:




Dr R K Poddar - Director



Dr G Poddar - Director


RP & GP Property Limited (Registered number: SC736433)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

RP & GP Property Limited is a private company, limited by shares, domiciled in Scotland, registration number SC736433. The registered office is Southdown, Dunvegan Drive, Newton Mearns, Glasgow, Scotland, G77 5EB.

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 represents invoiced sales of goods and services in respect of rental property. Sales are recognised at the point at which the service is complete.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% on cost

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

RP & GP Property Limited (Registered number: SC736433)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - NIL ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 26,394
At 30 June 2024 26,394
DEPRECIATION
Charge for year 1,348
At 30 June 2024 1,348
NET BOOK VALUE
At 30 June 2024 25,046

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 428,561
At 30 June 2024 428,561
NET BOOK VALUE
At 30 June 2024 428,561

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 9,936 100

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other creditors 176,882 -

RP & GP Property Limited (Registered number: SC736433)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 301,325 -

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 301,325 -

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 301,325 -

In respect of the bank loans of £301,325, Paragon Bank PLC and The Mortgage Works (UK) PLC hold a standard security over the properties held in the company.