RPGSH Limited is a private company limited by shares incorporated in England and Wales. The registered office is 33 Queen Victoria Avenue, Hove, BN3 6WR.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
The average monthly number of persons (including directors) employed by the company during the year was:
Land and buildings were revalued at the year end by the Directors, The valuation was based on recent market value.
A negative pledge has been made against the property 15 Acton Road, Liverpool, L32 0TT in favour of the following party:
The Mortgage Works (UK) PLC
A negative pledge has been made against the property 34 William Roberts Avenue, Kirkby, Liverpool, L32 0UW in favour of the following party:
Nottingham Building Society
A negative pledge has been made against the property 26 Chindit Close, Liverpool, L37 3JH in favour of the following party:
Charter Court Financial Services Limited
A fixed charge and negative pledge has been made against the property 15 Acton Road, Kirkby, Liverpool, L32 0TT under title number MS333224 in favour of:
Kensington Mortgage Company Limited
A negative pledge has been made against the property 58 Melverley Road, Kirkby, Liverpool, L32 0RH in favour of the following party:
Aldermore Bank PLC
A negative pledge has been made against the property 65 Albany Road, Liverpool, L9 0EY in favour of the following party:
Specialist Bridging Solutions Ltd
A fixed charge and negative pledge has been made against the property 22 Cobham Avenue, Liverpool, L9 3BP under title number MS398198 in favour of:
Specialist Bridging Solutions Ltd
A fixed charge and negative pledge has been made against the property 20 Glendevon Road, Liverpool, L16 6AF under title number MS543124 in favour of:
Specialist Bridging Solutions Ltd
A negative pledge has been made against the property 65 Keir Hardie Avenue, Bootle L20 0DN in favour of the following party:
Specialist Bridging Solutions Ltd
A fixed charge and negative pledge has been made against the property 8 Holly Street, Bootle, L20 3HH under title number MS428139 in favour of:
Specialist Bridging Solutions Ltd
A fixed charge and a negative pledge has been made against the property 34 William Roberts Avenue, Kirkby, Liverpool, L32 0UW under title number MS168157 in favour of:
The Mortgage Lender Ltd
A fixed charge and negative pledge has been made against the property 22 Moore Street, Bootle, L20 4SF under title number MS633504 in favour of:
Landbay Partners Ltd
A fixed charge and negative pledge has been made against the property 12 Brook Hey Drive, Kirkby, L33 9TB under title number MS522553 in favour of:
Paragon Bank PLC
Included in other creditors at the balance sheet date is an amount of £558,531 (2023: £154,721) due to Hangleton Dental Practice Limited, a company related by virtue of common control. There are no terms of repayment or interest in respect of this balance.
Included in other creditors at the balance sheet date is an amount of £112,549 (2023: £33,391) due to the directors. There are no terms of repayment or interest in respect of this balance.