RDP Law Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09488211 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

RDP LAW LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

R H T Davies

J T Davies

REGISTERED OFFICE:

Wentwood House

Langstone Business Village

Priory Drive, Langstone

Newport

Gwent

NP18 2HJ

REGISTERED NUMBER:

09488211 (England and Wales)

ACCOUNTANTS:

Gravita

Chartered Accountants

6-8 Bath Street

Bristol

BS1 6HL

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of RDP Law Limited for the year ended 31 March 2025 which comprise the Profit and Loss account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the directors of RDP Law Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of RDP Law Limited and state those matters that we have agreed to state to the directors of RDP Law Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RDP Law Limited and its directors for our work or for this report.

It is your duty to ensure that RDP Law Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of RDP Law Limited. You consider that RDP Law Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of RDP Law Limited. For this reason, we do not express any opinion on the statutory financial statements.

Gravita

Chartered Accountants

6-8 Bath Street

Bristol

BS1 6HL

23 December 2025

FIXED ASSETS

Intangible assets

4

45,777

61,824

Tangible assets

5

55,157

29,809

100,934

91,633

CURRENT ASSETS

Debtors

6

1,346,368

1,199,316

Cash at bank and in hand

602,856

400,475

1,949,224

1,599,791

CREDITORS

Amounts falling due within one year

7

(467,489

)

(402,963

)

NET CURRENT ASSETS

1,481,735

1,196,828

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,582,669

1,288,461

PROVISIONS FOR LIABILITIES

(9,273

)

(7,452

)

NET ASSETS

1,573,396

1,281,009

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

1,573,296

1,280,909

1,573,396

1,281,009

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

J T Davies - Director

1.	COMPANY INFORMATION

RDP Law Limited 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 company's principal activities and nature of its operations is that of the provision of legal services.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.

Accrued income is accounted for based on the level of work in progress at the year end date. Work in progress amounts to the amount of time spent on work for clients which is yet to be billed. An appropriate provision is taken into account as not all time spent is recoverable.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measure at cost less any accumulated amortisation and any accumulated impairment losses. It is amortised on a straight line basis over its useful life. Intangible assets relate to goodwill and is being amortised over a period of 10 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

Straight line over 4 years

Computer equipment

-

20% on cost

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2024 - 34 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

230,000

AMORTISATION

At 1 April 2024

168,176

Charge for year

16,047

At 31 March 2025

184,223

NET BOOK VALUE

At 31 March 2025

45,777

At 31 March 2024

61,824

5.	TANGIBLE FIXED ASSETS

Improvements

to

Computer

property

equipment

Totals

£

COST

At 1 April 2024

-

131,338

Additions

17,257

19,512

36,769

Disposals

-

(21,689

)

(21,689

)

At 31 March 2025

17,257

129,161

146,418

DEPRECIATION

At 1 April 2024

-

101,529

Charge for year

-

10,398

Eliminated on disposal

-

(20,666

)

(20,666

)

At 31 March 2025

-

91,261

NET BOOK VALUE

At 31 March 2025

17,257

37,900

55,157

At 31 March 2024

-

29,809

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other debtors

440,725

434,659

Directors' current accounts

64,493

-

Prepayments and accrued income

841,150

764,657

1,346,368

1,199,316

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

158,738

156,418

Trade creditors

24,102

14,711

Tax

153,856

118,816

Social security and other taxes

29,856

28,989

VAT

31,304

23,403

Other creditors

5,456

4,857

Directors' current accounts

34,541

47,109

Accrued expenses

29,636

8,660

467,489

402,963

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

Within one year

75,000

Between one and five years

125,000

200,000

275,000

9.	SECURED DEBTS

Included within creditors due within one year is an amount of £119,607 (2024 - £123,200) secured by the company.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

J T Davies

Balance outstanding at start of year

(7,303

)

13,885

Amounts advanced

148,351

119,712

Amounts repaid

(76,555

)

(140,900

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

64,493

(7,303

)

11.	RELATED PARTY DISCLOSURES

The company has provided a cross guarantee to Wentwood House Limited, where the director has a participating interest, over the bank loan in place.