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Registration number: 11064183

RPL Property Holdings Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

RPL Property Holdings Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

RPL Property Holdings Limited

Company Information

Director

D. R. Pochin

Company secretary

G. Barrington

Registered office

2 Murrayfield Road
Leicester
LE3 1UW

Accountants

Robert Whowell & Partners LLP
Chartered AccountantsWestwood House
78 Loughborough Road
Quorn
Loughborough
Leicestershire
LE12 8DX

 

RPL Property Holdings Limited

(Registration number: 11064183)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Investment properties

4

9,024,424

8,605,273

Current assets

 

Debtors

5

11,045

7,875

Cash at bank and in hand

 

506,772

49,364

 

517,817

57,239

Creditors: Amounts falling due within one year

6

(691,865)

(790,621)

Net current liabilities

 

(174,048)

(733,382)

Total assets less current liabilities

 

8,850,376

7,871,891

Creditors: Amounts falling due after more than one year

6

(3,003,334)

(2,300,299)

Provisions for liabilities

(476,256)

(476,256)

Net assets

 

5,370,786

5,095,336

Capital and reserves

 

Called up share capital

7

1,762,118

1,762,118

Capital redemption reserve

214,265

214,265

Revaluation reserve

1,428,767

1,428,767

Retained earnings

1,965,636

1,690,186

Shareholders' funds

 

5,370,786

5,095,336

 

RPL Property Holdings Limited

(Registration number: 11064183)
Balance Sheet as at 31 December 2024

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 10 July 2025
 

.........................................
D. R. Pochin
Director

 

RPL Property Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Murrayfield Road
Leicester
LE3 1UW
 

These financial statements were authorised for issue by the director on 10 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable in respect of gross rental income.Turnover is shown net of value added tax.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

RPL Property Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Investment properties

Investment properties are carried at fair value, derived from the current market prices for comparable real estate determined annually by the director. The director uses observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific assets. Changes in fair value are recognised in the profit or loss account.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

RPL Property Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 1).

 

RPL Property Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4

Investment properties

2024
£

At 1 January 2024

8,605,273

Additions

419,151

At 31 December 2024

9,024,424

All property revaluations have been carried out by an independent valuer and are deemed to be a fair representation of their open market value with vacant possession.

5

Debtors

Current

2024
£

2023
£

Trade debtors

4,800

-

Prepayments

-

7,875

Other debtors

6,245

-

 

11,045

7,875

 

RPL Property Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

340,000

484,037

Trade creditors

 

6,528

-

Taxation and social security

 

95,993

77,800

Accruals and deferred income

 

9,000

8,940

Other creditors

 

240,344

219,844

 

691,865

790,621

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

3,003,334

2,300,299


Amounts falling due after more than five years repayable by instalments total £1,643,334 (2023 - £361,021).

 

RPL Property Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary property shares of £1 each

134,041

134,041

134,041

134,041

A Ordinary property shares of £1 each

1,628,019

1,628,019

1,628,019

1,628,019

Preference property shares of £1 each

58

58

58

58

1,762,118

1,762,118

1,762,118

1,762,118

All Ordinary property shares rank equally in terms of voting rights, dividend distributions and capital distribution on winding up.

The Preference property shares carry a fixed cumulative preferential dividend at the rate of 7% per annum. On a winding-up, the holders have priority before all other classes of shares to receive repayment of capital plus any arrears of dividend. The Preference property shares carry no voting rights.

8

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

Non-distributable reserve
£

Retained earnings
£

Transfer surplus on revaluation of investment properties

1,428,767

(1,428,767)

 

RPL Property Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

3,003,334

2,300,299

Current loans and borrowings

2024
£

2023
£

Bank borrowings

340,000

484,037

10

Related party transactions

Summary of transactions with other related parties

During the year the company charged rent of £659,612 (2023 - £552,475) to Robert Pochin Limited, a company in which D. R. Pochin is a director.