ACCOUNTS - Final Accounts preparation

Company registration number: 08460559

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025

	RAP BUILDING AND DEVELOPMENTS LTD


RAP BUILDING AND DEVELOPMENTS LTD

COMPANY INFORMATION

Directors	R A Potyka
	T R Potyka


Registered number	08460559


Registered office	Clayfield House
	White Pit Lane
	Wooburn Green
	High Wycombe
	Buckinghamshire
	HP10 0HR


Accountants	Menzies LLP
	Chartered Accountants
	Magna House
	18-32 London Road
	Staines-Upon-Thames
	TW18 4BP


RAP BUILDING AND DEVELOPMENTS LTD

CONTENTS

	Page
Statement of financial position	1 - 2
Notes to the financial statements	3 - 7


RAP BUILDING AND DEVELOPMENTS LTD REGISTERED NUMBER:08460559

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		249,777		278,419
Investments	5		200		200
			249,977		278,619
Current assets
Stocks		3,743,525		3,629,702
Debtors: amounts falling due within one year	6	5,437,263		5,292,892
Cash at bank and in hand		59,462		21,749
		9,240,250		8,944,343
Creditors: amounts falling due within one year	7	(2,797,391)		(2,163,203)
Net current assets			6,442,859		6,781,140
Total assets less current liabilities			6,692,836		7,059,759
Creditors: amounts falling due after more than one year	8		(6,529,348)		(6,942,802)

Net assets			163,488		116,957

Capital and reserves
Called up share capital	100	100
Profit and loss account	163,388	116,857
	163,488	116,957

Page 1


RAP BUILDING AND DEVELOPMENTS LTD REGISTERED NUMBER:08460559

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

R A Potyka

Director

Date: 4 December 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2


RAP BUILDING AND DEVELOPMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

RAP Building and Developments Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
The presentation currency of the financial statements is the Pound Sterling (£).

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is generated by the sale of development properties and rental income and is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

Page 3


RAP BUILDING AND DEVELOPMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Land and buildings	-	15	years straight line
Plant and machinery	-	25%	reducing balance
Motor vehicles	-	25%	reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2.9

Work in progress

Work in progress is stated at the lower of cost and net realisable value, being the estimated selling price less
costs to complete and sell. Work in progress includes both properties and land held for development purposes.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 4


RAP BUILDING AND DEVELOPMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Employees

The average monthly number of employees, including directors, during the year was 9 (2024 - 9).

4.	Tangible fixed assets

	Land and buildings	Plant and machinery	Motor vehicles	Total
	£	£	£	£
Cost or valuation
At 1 April 2024	262,131	32,500	41,775	336,406
At 31 March 2025	262,131	32,500	41,775	336,406
Depreciation
At 1 April 2024	28,376	10,399	19,212	57,987
Charge for the year on owned assets	17,475	5,526	5,641	28,642
At 31 March 2025	45,851	15,925	24,853	86,629
Net book value
At 31 March 2025	216,280	16,575	16,922	249,777
At 31 March 2024	233,755	22,101	22,563	278,419

5.	Fixed asset investments

		Unlisted investments
		£
	Cost or valuation
	At 1 April 2024	200
	At 31 March 2025	200

Page 5


RAP BUILDING AND DEVELOPMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Debtors

					2025	2024
					£	£


Amounts owed by group undertakings	1,238,402	1,685,552
Amounts owed by associated undertakings	3,437,194	3,181,464
Other debtors	8,112	25,557
Prepayments and accrued income	753,555	400,319
	5,437,263	5,292,892

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	37,189	61,991
Amounts owed to group undertakings	573,238	570,713
Amounts owed to associated undertakings	17,380	12,868
Other taxation and social security	20,598	9,563
Other creditors	2,118,603	1,475,284
Accruals and deferred income	30,383	32,784
	2,797,391	2,163,203

8.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	3,150,812	3,624,682
Other creditors	3,378,536	3,318,120
	6,529,348	6,942,802

The aggregate amount of liabilities repayable wholly or in part more than five years after the reporting date is:
	2025	2024
	£	£

	Other creditors	600,000	600,000
		600,000	600,000

Page 6


RAP BUILDING AND DEVELOPMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

9.	Guarantees and other financial commitments

The company has previously entered into loan agreements with Secure Trust Bank PLC. The loans were obtained to finance the acquisition of properties held by its wholly owned subsidiary, RAP Building and Developments (Desborough) Limited and RAP Bluebell Limited and its associated company, Clayfield Estates Limited.
The loan is secured by legal charges over the properties held in the company and related companies. Stock amounts in the company which are secured on the loans are £1,388,213 (2024 - £1,388,213).
The aggregate outstanding loan amounts at the end of the year is £3,150,812 (2024 – £3,624,682). Annual interest of 8.75% and 2.75% is charged in respect of the outstanding loan balances.

10.	Transactions with directors
	At the year end £1,524,530 (2024: £825,163) was due back to a director. This amount is interest-free and repayable on demand.

Page 7