RPU GROUP Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00667842

RPU GROUP Limited

Filleted Unaudited Financial Statements

31 March 2025

RPU GROUP Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	18,375,000	16,475,000
Investments	6	100	757,500
		-------------	-------------
		18,375,100	17,232,500

Current assets

Debtors	7	1,524,407	1,916,658
Cash at bank and in hand		791,103	2,314,930
		------------	------------
		2,315,510	4,231,588

Creditors: amounts falling due within one year	8	532,595	872,862
		------------	------------
Net current assets		1,782,915	3,358,726
		-------------	-------------
Total assets less current liabilities		20,158,015	20,591,226

Creditors: amounts falling due after more than one year	9	9,025,796	10,076,304
		-------------	-------------
Net assets		11,132,219	10,514,922
		-------------	-------------

Capital and reserves

Called up share capital	171,500	171,000
Capital redemption reserve	150,000	150,000
Profit and loss account	10,810,719	10,193,922
	-------------	-------------
Shareholders funds	11,132,219	10,514,922
	-------------	-------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 March 2025 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

RPU GROUP Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 6 October 2025 , and are signed on behalf of the board by:

A D Upton

Director

Company registration number: 00667842

RPU GROUP Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Norfolk House, 90 Grey Street, Newcastle Upon Tyne, NE1 6BZ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity, rounded to the nearest £1.

Revenue recognition

Turnover represents the income (excluding VAT) derived from the rental and management of properties. Rental income is recognised on a straight line basis over the term of the lease. Other income representing service charge and insurance is recognised on a receivable basis.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2024: 7 ).

5. Tangible assets

	Investment property
	£
Cost or valuation
At 1 April 2024	16,475,000
Additions	675,483
Revaluations	1,224,517
	-------------
At 31 March 2025	18,375,000
	-------------
Depreciation
At 1 April 2024 and 31 March 2025	–
	-------------
Carrying amount
At 31 March 2025	18,375,000
	-------------
At 31 March 2024	16,475,000
	-------------

Investment properties were valued by the directors at 31 March 2025 at an open market valuation based on an independent valuation.

6. Investments

	Shares in participating interests	Other investments other than loans	Total
	£	£	£
Cost
At 1 April 2024	250,000	507,500	757,500
Disposals	–	( 507,500)	( 507,500)
	---------	---------	---------
At 31 March 2025	250,000	–	250,000
	---------	---------	---------
Impairment
At 1 April 2024	–	–	–
Impairment losses	249,900	–	249,900
	---------	---------	---------
At 31 March 2025	249,900	–	249,900
	---------	---------	---------

Carrying amount
At 31 March 2025	100	–	100
	---------	---------	---------
At 31 March 2024	250,000	507,500	757,500
	---------	---------	---------

Investments in associates/participating interests were revalued by the directors at 31 March 2025 based on the underlying value of their assets.

7. Debtors

	2025	2024
	£	£
Trade debtors	87,911	46,461
Amounts owed by group undertakings and undertakings in which the company has a participating interest	–	644,118
Other debtors	1,436,496	1,226,079
	------------	------------
	1,524,407	1,916,658
	------------	------------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	54,518	95,415
Social security and other taxes	73,763	314,759
Other creditors	404,314	462,688
	---------	---------
	532,595	872,862
	---------	---------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	8,457,754	9,084,019
Other creditors	568,042	992,285
	------------	-------------
	9,025,796	10,076,304
	------------	-------------

Bank loans totalling £8,457,754 (2024: £9,084,019) are secured by a charge over the company's investment properties.