RS Property Solutions And Developments L

REGISTERED NUMBER: OC430670 (England and Wales)

Report of the Members and

Unaudited Financial Statements for the Year Ended 29 February 2024

for

RS Property Solutions And Developments

LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DESIGNATED MEMBERS:

Reciprocal Solutions Limited

Shape Land And Property Ltd

REGISTERED OFFICE:

Suite 4102 Charlotte House

Queens Dock Business Centre

Norfolk Street

Liverpool

Merseyside

L1 0BG

REGISTERED NUMBER:

OC430670 (England and Wales)

ACCOUNTANTS:

DBS Corporate Accountants

Suite 4102, Charlotte House

Queens Dock Business Centre

67-83 Norfolk Street

Liverpool

Merseyside

L1 0BG

The members present their report with the financial statements of the LLP for the year ended 29 February 2024.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of property development.

DESIGNATED MEMBERS

The designated members during the year under review were:

Reciprocal Solutions Limited

Shape Land And Property Ltd

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The loss for the year before members' remuneration and profit shares was £22,265 (2023 - £160,344 profit).

MEMBERS' INTERESTS

There is no interest other than distribution out of the profits / loss of the LLP on equal basis.

Each Member may draw on account of its share of profits such sums and at such times as the designated Members

shall determine. The designated Members will determine whether the Members may draw amounts in scenarios

where the cash requirements of the business compete with the need to allow cash drawings by Members.

ON BEHALF OF THE MEMBERS:

Shape Land And Property Ltd - Designated member

9 September 2026

TURNOVER

-

484,167

Cost of sales

-

260,000

GROSS PROFIT

-

224,167

Administrative expenses

22,257

63,823

OPERATING (LOSS)/PROFIT

(22,257

)

160,344

Interest payable and similar expenses

8

-

(LOSS)/PROFIT FOR THE FINANCIAL
YEAR BEFORE MEMBERS'
REMUNERATION AND PROFIT
SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS

(22,265

)

160,344

CURRENT ASSETS

Debtors

22,869

52,098

CREDITORS

Amounts falling due within one year

4

22,869

36,003

NET CURRENT ASSETS

-

16,095

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO
MEMBERS

-

16,095

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

16,095

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

-

16,095

Amounts due from members

(22,869

)

(52,098

)

(22,869

)

(36,003

)

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 29 February 2024.

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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 9 September 2026 and were signed by:

Shape Land And Property Ltd - Designated member

Reciprocal Solutions Limited - Designated member

1.	STATUTORY INFORMATION

RS Property Solutions And Developments 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.

Turnover is measured at the fair value of the amounts derived from the services provided by the company falling within its ordinary activities, excluding discounts, rebates, value added tax and other sales taxes.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2023 - NIL).

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.2.24

28.2.23

£

Bank loans and overdrafts

62

-

Trade creditors

4,584

2,523

Taxation and social security

15,223

30,480

Other creditors

3,000

22,869

36,003