REGISTERED NUMBER: OC303484 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

R&P ENGINEERING LLP

Page

General Information

1

Chartered Certified Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DESIGNATED MEMBERS:

E R Lowe

Mrs P A Lowe

R&P Cheltenham Limited

REGISTERED OFFICE:

Brent House

382 Gloucester Road

Cheltenham

Gloucestershire

GL51 7AY

REGISTERED NUMBER:

OC303484 (England and Wales)

ACCOUNTANTS:

Smith Heath Limited

3 - 4 Bath Mews

Bath Parade

Cheltenham

Gloucestershire

GL53 7HL

The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of R&P Engineering LLP for the year ended 31 March 2025 which comprise the Income Statement, Statement of Financial Position and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the members of R&P Engineering LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of R&P Engineering LLP and state those matters that we have agreed to state to the members of R&P Engineering LLP, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that R&P Engineering LLP 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 R&P Engineering LLP. You consider that R&P Engineering LLP 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 R&P Engineering LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Smith Heath Limited

3 - 4 Bath Mews

Bath Parade

Cheltenham

Gloucestershire

GL53 7HL

18 December 2025

FIXED ASSETS

Tangible assets

4

66,113

40,328

CURRENT ASSETS

Stocks

44,643

20,730

Debtors

5

85,636

76,706

Cash at bank and in hand

58,551

93,692

188,830

191,128

CREDITORS

Amounts falling due within one year

6

72,617

55,914

NET CURRENT ASSETS

116,213

135,214

TOTAL ASSETS LESS CURRENT LIABILITIES

182,326

175,542

CREDITORS

Amounts falling due after more than one year

7

31,655

25,059

NET ASSETS ATTRIBUTABLE TO MEMBERS

150,671

150,483

LOANS AND OTHER DEBTS DUE TO MEMBERS

10

150,671

150,483

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

150,671

150,483

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2025.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 18 December 2025 and were signed by:

E R Lowe - Designated member

1.	STATUTORY INFORMATION

R&P Engineering LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Office equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stock and work in progress

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

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

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 10 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Office

Motor

machinery

equipment

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

242,957

25,126

55,640

323,723

Additions

2,130

2,025

50,545

54,700

Disposals

-

-

(46,890

)

(46,890

)

At 31 March 2025

245,087

27,151

59,295

331,533

DEPRECIATION

At 1 April 2024

231,189

21,658

30,548

283,395

Charge for year

2,998

951

9,345

13,294

Eliminated on disposal

-

-

(31,269

)

(31,269

)

At 31 March 2025

234,187

22,609

8,624

265,420

NET BOOK VALUE

At 31 March 2025

10,900

4,542

50,671

66,113

At 31 March 2024

11,768

3,468

25,092

40,328

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

28,940

Additions

43,445

Disposals

(28,940

)

At 31 March 2025

43,445

DEPRECIATION

At 1 April 2024

13,000

Charge for year

6,322

Eliminated on disposal

(16,985

)

At 31 March 2025

2,337

NET BOOK VALUE

At 31 March 2025

41,108

At 31 March 2024

15,940

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

80,900

73,263

Other debtors

4,736

3,443

85,636

76,706

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

6,212

6,059

Hire purchase contracts (see note 8)

4,941

3,115

Trade creditors

21,336

13,304

Taxation and social security

21,542

14,816

Other creditors

18,586

18,620

72,617

55,914

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

3,697

9,909

Hire purchase contracts (see note 8)

27,958

15,150

31,655

25,059

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

4,941

3,115

Between one and five years

27,958

15,150

32,899

18,265

Non-cancellable

operating leases

2025

2024

£

£

Within one year

30,537

10,179

Between one and five years

101,790

-

132,327

10,179

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

32,899

18,265

Hire purchase liabilities are secured on the assets concerned.

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with other unsecured creditors.