Company registration number 10216377 (England and Wales)
RPS20 Properties Limited
Unaudited Financial Statements
For the year ended 31 October 2025
RPS20 Properties Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 8
RPS20 Properties Limited
Statement Of Financial Position
As at 31 October 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,310
1,179
Investment property
4
1,483,746
1,483,746
1,486,056
1,484,925
Current assets
Debtors
5
155,147
97,033
Cash at bank and in hand
29,575
25,532
184,722
122,565
Creditors: amounts falling due within one year
6
(145,945)
(146,737)
Net current assets/(liabilities)
38,777
(24,172)
Total assets less current liabilities
1,524,833
1,460,753
Creditors: amounts falling due after more than one year
7
(258,112)
(276,474)
Provisions for liabilities
(188,100)
(188,100)
Net assets
1,078,621
996,179
Capital and reserves
Called up share capital
100
100
Non-distributable profits reserve
9
587,695
587,695
Distributable profit and loss reserves
490,826
408,384
Total equity
1,078,621
996,179
RPS20 Properties Limited
Statement Of Financial Position (continued)
As at 31 October 2025
- 2 -

For the financial year ended 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 15 June 2026
Mr R F W Stigwood
Director
Company registration number 10216377 (England and Wales)
RPS20 Properties Limited
Notes to the financial statements
For the year ended 31 October 2025
- 3 -
1
Accounting policies
Company information

RPS20 Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is Kern House, Brooms Road, Stone Business Park, Stone, Staffordshire, ST15 0TL.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Revenue

Revenue comprises sales of services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

Revenue from rentals of property are recognised when the amount of revenue can be measured reliably, it is probable that the economical benefits associated with the transactions will flow to the entity and the costs incurred in respect of the transaction can be measured reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% straight line
IT equipment
33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment property

Investment property, which is property held to earn rentals and for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

RPS20 Properties Limited
Notes to the financial statements (continued)
For the year ended 31 October 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include deposits held at call with banks.

1.7
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 in the company's statement of financial position 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 debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

RPS20 Properties Limited
Notes to the financial statements (continued)
For the year ended 31 October 2025
1
Accounting policies
(Continued)
- 5 -
1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity.

2
Employees
2025
2024
Number
Number
Total
0
0
3
Tangible fixed assets
RPS20 Properties Limited
Notes to the financial statements (continued)
For the year ended 31 October 2025
3
Tangible fixed assets
(Continued)
- 6 -
Plant and equipment
IT equipment
Total
£
£
£
Cost
At 1 November 2024
-
0
1,696
1,696
Additions
1,963
-
0
1,963
At 31 October 2025
1,963
1,696
3,659
Depreciation and impairment
At 1 November 2024
-
0
517
517
Depreciation charged in the year
268
564
832
At 31 October 2025
268
1,081
1,349
Carrying amount
At 31 October 2025
1,695
615
2,310
At 31 October 2024
-
0
1,179
1,179
4
Investment property
2025
£
Fair value
At 1 November 2024 and 31 October 2025
1,483,746

Investment property comprises of commercial property. The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 October 2025 by the director. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

If investment properties were stated on an historical cost basis rather than a fair value basis, the amounts would have been included as follows:
2025
2024
£
£
Cost
700,000
700,000
Accumulated depreciation
(94,176)
(80,172)
Carrying amount
605,824
619,828
RPS20 Properties Limited
Notes to the financial statements (continued)
For the year ended 31 October 2025
- 7 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
7,417
6,696
Other debtors
147,730
90,337
155,147
97,033
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
13,258
11,874
Trade creditors
2,470
912
Taxation and social security
52,462
47,916
Other creditors
77,755
86,035
145,945
146,737
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
258,112
276,474
Creditors which fall due after five years are payable as follows:
Payable by instalments
193,787
205,973
8
Security

The bank loan is secured by way of fixed and floating charges over all the investment property to which the loan relates to and undertaking of the business.

9
Non-distributable profits reserve
2025
2024
£
£
At the beginning of the year
587,695
583,075
Non distributable profits in the year
-
4,620
At the end of the year
587,695
587,695
10
Directors' transactions
RPS20 Properties Limited
Notes to the financial statements (continued)
For the year ended 31 October 2025
10
Directors' transactions
(Continued)
- 8 -

Advances or credits have been granted by the company to its directors as follows:

Advances
% Rate
Opening balance
Amounts advanced
Interest charged
Closing balance
£
£
£
£
Directors' loan account
3.75
67,542
37,564
3,105
108,211
67,542
37,564
3,105
108,211
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