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Registration number: 11730354

RPM Chislehurst Limited Unaudited Financial Statements for the Year Ended 31 December 2024
Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

RPM Chislehurst Limited

Contents

Company Information | 1
Statement of Financial Position | 2
Notes to the Unaudited Financial Statements | 3 to 6

RPM Chislehurst Limited

Company Information

Directors | M G Clark F A Clark

Company secretary | F A Clark

Registered office | Royal Parade Mews Chislehurst Kent BR7 6TN

Accountants | Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

RPM Chislehurst Limited

Statement of Financial Position as at 31 December 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Tangible assets | 4 | 909 | 1,441
Current assets |  |  |
Stocks | 5 | 1,070,876 | 1,068,676
Debtors | 6 | 72,649 | 3,655
Cash at bank and in hand |  | 605 | 3,344
|  | 1,144,130 | 1,075,675
Creditors: Amounts falling due within one year | 7 | (1,117,616) | (1,105,288)
Net current assets/(liabilities) |  | 26,514 | (29,613)
Net assets/(liabilities) |  | 27,423 | (28,172)
Capital and reserves |  |  |
Called up share capital |  | 1,000 | 1,000
Retained earnings |  | 26,423 | (29,172)
Shareholders' funds/(deficit) |  | 27,423 | (28,172)

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.

Directors' 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 directors acknowledge their 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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors have elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, section 444.

Approved and authorised by the Board on 8 September 2025 and signed on its behalf by:

.........................................

M G Clark

Director

Company registration number: 11730354

RPM Chislehurst 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 United Kingdom.

The address of its registered office is:
Royal Parade Mews
Chislehurst
Kent
BR7 6TN

The principal activity of the company is those of consultancy and property development

2 | Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

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.

Going concern

The company made a profit of £55,595 for the year ended 31 December 2024 and had net asset of £27,423 at that date.
The company purchased a property in 2022, and developments to bring the property to commercial viability remain in progress. The directors and shareholders confirmed that they are willing to continue supporting the company for the foreseeable future. Whilst initial architectural and planning works were being undertaken the company engaged in consultancy services and rented elements of the property on a short term basis to third parties.
The Directors and shareholders remain optimistic that the company and ongoing development will continue generate profitable returns in the future.
On the basis of the above, and after making enquiries, the directors have a reasonable expectation that the company has access to adequate resources and sufficient working capital to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities and is shown net of sales\value added tax, rebates and discounts.
Turnover will in due course include the ultimate disposal proceeds generated by the sale of the development property. During the year however, sundry turnover relating to consulting services and the short term rental of the property continued to be generated. Such rentals will cease with the commencement of the development works on site or the sale of the property.

RPM Chislehurst Limited

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

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office equipment | 4 year straight line

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.

Stocks

The cost of work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories and property development to their present location and condition. At each reporting date, work in progress is assessed for impairment. If indicators of impairment are identified, the carrying amount is reduced to its selling price less costs to complete and sell. The associated impairment loss is recognised immediately in profit or loss.

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. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company during the year, was 0 (2023 - 0).

RPM Chislehurst Limited

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

4 | Tangible assets

| Office equipment £ | Total £
Cost or valuation
At 1 January 2024 | 2,127 | 2,127
At 31 December 2024 | 2,127 | 2,127
Depreciation
At 1 January 2024 | 686 | 686
Charge for the year | 532 | 532
At 31 December 2024 | 1,218 | 1,218
Carrying amount
At 31 December 2024 | 909 | 909
At 31 December 2023 | 1,441 | 1,441

5 | Stocks

| 2024 £ | 2023 £
Work in progress | 1,070,876 | 1,068,676

6 | Debtors

| 2024 £ | 2023 £
Other debtors | 72,649 | 3,655
| 72,649 | 3,655

RPM Chislehurst Limited

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

7 | Creditors

Creditors: amounts falling due within one year

| 2024 £ | 2023 £
Trade creditors | 137 | 2,803
Taxation and social security | 5,835 | 752
Accruals and deferred income | 3,250 | 1,950
Other creditors | 1,108,394 | 1,099,783
| 1,117,616 | 1,105,288

Included within other creditors are amounts due to directors and shareholders totalling £1,102,601 (2023: £1,093,450). No interest was charged on these balances, and no set repayment terms are in place.