REGISTERED NUMBER: 08146506 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2024

for

RPN FINANCE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R P Napolitano

Ms L Napolitano

REGISTERED OFFICE:

94 Richmond Avenue

Islington

London

N1 OLU

REGISTERED NUMBER:

08146506 (England and Wales)

ACCOUNTANTS:

BBK Partnership

Chartered Accountants

Suite 2C, Brosnan House

175 Darkes Lane

Potters Bar

Hertfordshire

EN6 1BW

CURRENT ASSETS

Debtors

4

1,730,746

1,530,746

Cash at bank

50,700

166,886

1,781,446

1,697,632

CREDITORS

Amounts falling due within one year

5

27,101

25,198

NET CURRENT ASSETS

1,754,345

1,672,434

TOTAL ASSETS LESS CURRENT LIABILITIES

1,754,345

1,672,434

CAPITAL AND RESERVES

Called up share capital

6

1,306,001

1,306,001

Retained earnings

7

448,344

366,433

SHAREHOLDERS' FUNDS

1,754,345

1,672,434

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 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.

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 7 April 2025 and were signed on its behalf by:

Ms L Napolitano - Director

1.	STATUTORY INFORMATION

RPN FINANCE 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.

Turnover

Turnover represents loan interest received.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.

DEBTORS

31.7.24

31.7.23

£

£

Amounts falling due within one year:

Directors' loan account

200,000

200,000

Sundry loan

200,000

-

Accrued interest income

1,442

1,442

401,442

201,442

Amounts falling due after more than one year:

Sundry loans

1,329,304

1,329,304

Aggregate amounts

1,730,746

1,530,746

The sundry loan totalling £200,000 was repaid on 14 October 2024.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.24

31.7.23

£

£

Tax

26,052

24,149

Directors' current accounts

89

89

Accrued expenses

960

960

27,101

25,198

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.24

31.7.23

value:

£

£

1,306,001

Ordinary share

£1.00

1,306,001

1,306,001

7.

RESERVES

Retained

earnings

£

At 1 August 2023

366,433

Profit for the year

86,411

Dividends

(4,500

)

At 31 July 2024

448,344

8.	RELATED PARTY DISCLOSURES

9.	ULTIMATE CONTROLLING PARTY