Company Registration No. SC638500 (Scotland)
Rrpinc Ltd
Unaudited accounts
for the year ended 30 August 2024
Rrpinc Ltd
Unaudited accounts
Contents
Rrpinc Ltd
Company Information
for the year ended 30 August 2024
Directors
A Ross Russell
J Peeris
Company Number
SC638500 (Scotland)
Registered Office
8 Warrender Park Terrace
Edinburgh
Midlothian
EH9 1JA
Scotland
Accountants
Link Accounting Limited
Bloxham Mill Business Centre
Barford Road
Bloxham
Oxfordshire
OX15 4FF
Rrpinc Ltd
Statement of financial position
as at 30 August 2024
Investment property
2,406,852
2,407,540
Cash at bank and in hand
18,246
40,501
Creditors: amounts falling due within one year
(2,364,556)
(2,411,944)
Net current liabilities
(2,346,310)
(2,369,691)
Called up share capital
2
2
Profit and loss account
60,540
37,847
Shareholders' funds
60,542
37,849
For the year ending 30 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 May 2025 and were signed on its behalf by
A Ross Russell
Director
Company Registration No. SC638500
Rrpinc Ltd
Notes to the Accounts
for the year ended 30 August 2024
Rrpinc Ltd is a private company, limited by shares, registered in Scotland, registration number SC638500. The registered office is 8 Warrender Park Terrace, Edinburgh, Midlothian, EH9 1JA, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including directly attributable transaction costs. They are subsequently measured at fair value. Gains or losses arising from changes in fair value are recognised in profit or loss in the period in which they arise. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. Investment properties are not depreciated. Capital expenditure that enhances the value or extends the useful life of the property is capitalised and considered in the next fair value assessment.
Fair value at 31 August 2023
2,407,540
At 30 August 2024
2,406,852
Rrpinc Ltd
Notes to the Accounts
for the year ended 30 August 2024
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
5,323
313
Loans from directors
2,328,087
2,410,431
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).