Acorah Software Products - Accounts Production 16.5.460 false true 31 May 2024 1 June 2023 false 1 June 2024 31 May 2025 31 May 2025 03716524 Mr P S Edwards Mr S A Edwards iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03716524 2024-05-31 03716524 2025-05-31 03716524 2024-06-01 2025-05-31 03716524 frs-core:CurrentFinancialInstruments 2025-05-31 03716524 frs-core:Non-currentFinancialInstruments 2025-05-31 03716524 frs-core:RevaluationReserve 2024-06-01 2025-05-31 03716524 frs-core:RevaluationReserve 2024-05-31 03716524 frs-core:RevaluationReserve 2025-05-31 03716524 frs-core:ShareCapital 2025-05-31 03716524 frs-core:RetainedEarningsAccumulatedLosses 2025-05-31 03716524 frs-bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 03716524 frs-bus:FilletedAccounts 2024-06-01 2025-05-31 03716524 frs-bus:SmallEntities 2024-06-01 2025-05-31 03716524 frs-bus:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 03716524 frs-bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 03716524 frs-bus:OrdinaryShareClass1 2024-06-01 2025-05-31 03716524 frs-bus:OrdinaryShareClass1 2025-05-31 03716524 frs-bus:Director1 2024-06-01 2025-05-31 03716524 frs-bus:Director2 2024-06-01 2025-05-31 03716524 frs-countries:EnglandWales 2024-06-01 2025-05-31 03716524 2023-05-31 03716524 2024-05-31 03716524 2023-06-01 2024-05-31 03716524 frs-core:CurrentFinancialInstruments 2024-05-31 03716524 frs-core:Non-currentFinancialInstruments 2024-05-31 03716524 frs-core:RevaluationReserve 2024-05-31 03716524 frs-core:ShareCapital 2024-05-31 03716524 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 03716524 frs-bus:OrdinaryShareClass1 2023-06-01 2024-05-31
Registered number: 03716524
RPS Developments Limited
Unaudited Financial Statements
For The Year Ended 31 May 2025
Deans
Gibson House Hurricane Close
Stafford
Staffordshire
ST16 1GZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03716524
2025 2024
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 1,737,500 5,240,026
1,737,500 5,240,026
CURRENT ASSETS
Debtors 5 1,601,507 242,341
Cash at bank and in hand 24,742 50,823
1,626,249 293,164
Creditors: Amounts Falling Due Within One Year 6 (2,286,324 ) (4,331,737 )
NET CURRENT ASSETS (LIABILITIES) (660,075 ) (4,038,573 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,077,425 1,201,453
Creditors: Amounts Falling Due After More Than One Year 7 (618,230 ) (676,593 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (44,271 )
NET ASSETS 459,195 480,589
CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 212,687 313,003
Profit and Loss Account 246,408 167,486
SHAREHOLDERS' FUNDS 459,195 480,589
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For the year ending 31 May 2025 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr P S Edwards
Director
22 September 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
RPS Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03716524 . The registered office is Unit 2 Tilcon Avenue, Stafford, Staffordshire, ST18 0YJ.
2. Accounting Policies
2.1. Basis of Preparation of 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.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts.  The policies adopted for the recognition of turnover are as follows:
Rent receivable
Rental income represents income received from the company's investment properties, all of which are rented under operating leases and from the sale of property developed by the company. Rents received are accounted for on a straight line basis over the term of the lease.
Sale of properties
Property sales represent the amounts receivable from the sale of properties. Properties are treated as sold and profits are recognised at the point control of the property is passed to the customer, which has been determined as the point of legal completion.
2.3. Investment Properties
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.
2.4. Stocks and Work in Progress
Work in progress is valued at the lower of cost and net realisable value.
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.
2.5. Taxation
Taxation for the year comprises current and deferred tax.  Tax is recognised in the Profit and Loss Account, 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.
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2.6. Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.  Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
2.7. Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Investment Property
2025
£
Fair Value
As at 1 June 2024 5,240,026
Disposals (3,502,526 )
As at 31 May 2025 1,737,500
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2025 2024
£ £
Cost 1,655,946 5,019,893
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 3,586 16,668
Prepayments and accrued income 2,102 5,673
VAT 568 -
Amounts owed by group undertakings 1,595,251 220,000
1,601,507 242,341
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 2,095 56,838
Bank loans and overdrafts 24,871 1,966,643
Other loans 24,063 69,287
Other taxes and social security - 469
VAT - 919
Accruals and deferred income 9,227 49,353
Directors' loan accounts - 18
Amounts owed to group undertakings 2,226,068 2,188,210
2,286,324 4,331,737
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7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 618,230 652,530
Other loans - 24,063
618,230 676,593
8. Secured Creditors
Lloans totalling £667,164 (2024 - £2,712,523) are secured against freehold property held by the company.
9. Share Capital
2025 2024
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
10. Reserves
Revaluation Reserve
£
As at 1 June 2024 313,003
Revaluation of investment properties sold (144,587)
Transfer to profit and loss 44,271
As at 31 May 2025 212,687
11. Related Party Transactions
Amounts owed from associates are only recoverable after bank loans in the associate company have been settled in full.
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