RPA Investments Limited - Accounts to registrar (filleted) - small 18.2

RPA Investments Limited

Financial Statements for the Year Ended 30 April 2019

DIRECTORS:

I R Parfitt

K Parfitt

A L Parfitt

J B Parfitt

SECRETARY:

M D Bishop

REGISTERED OFFICE:

Radnor House

Greenwood Close

Cardiff Gate Business Park

Cardiff

CF23 8AA

REGISTERED NUMBER:

03840173 (England and Wales)

ACCOUNTANTS:

BPU Limited

Chartered Accountants

Radnor House

Greenwood Close

Cardiff Gate Business Park

Cardiff

CF23 8AA

BANKERS:

The Royal Bank of Scotland

Cardiff City Branch

1-4 High Street

Cardiff

CF1 2PX

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 RPA Investments Limited for the year ended

30 April 2019 which comprise the Profit and Loss, 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 Board of Directors of RPA Investments Limited, 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 RPA Investments Limited and state those matters that we have agreed to state to the Board of Directors of RPA Investments Limited, as a body, 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 RPA Investments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that RPA Investments 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 RPA Investments Limited. You consider that RPA Investments 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 RPA Investments Limited. 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.

BPU Limited

Chartered Accountants

20 January 2020

FIXED ASSETS

Tangible assets

3

1,571

1,561

Investments

4

13,449

13,449

Investment property

5

3,049,033

3,600,764

3,064,053

3,615,774

CURRENT ASSETS

Debtors

6

12,782

22,579

Cash at bank

225,706

104,746

238,488

127,325

CREDITORS

Amounts falling due within one year

7

402,152

505,359

NET CURRENT LIABILITIES

(163,664

)

(378,034

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,900,389

3,237,740

CREDITORS

Amounts falling due after more than one year

8

(1,485,674

)

(1,991,623

)

PROVISIONS FOR LIABILITIES

(58,200

)

(66,400

)

NET ASSETS

1,356,515

1,179,717

CAPITAL AND RESERVES

Called up share capital

300

300

Non-distributable reserves

263,769

263,769

Retained earnings

1,092,446

915,648

SHAREHOLDERS' FUNDS

1,356,515

1,179,717

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 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 has not been delivered.

The financial statements were approved by the Board of Directors on 19 January 2020 and were signed on its behalf by:

I R Parfitt - Director

1.	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" and the Companies Act 2006. The financial

statements have been prepared under the historical cost convention as modified by the

revaluation of certain assets.

Turnover

Turnover represents the rental, service charge and consultancy work incomes due in the

year.

Tangible fixed assets

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

Plant and machinery

-

10% / 25% straight line & 5% RB

Fixtures and fittings

-

10% straight line

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit

arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and

Loss, 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.

Unlisted investments

Unlisted investments are recognised at open market value.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

3.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 May 2018

6,176

37,400

43,576

Additions

392

-

392

At 30 April 2019

6,568

37,400

43,968

DEPRECIATION

At 1 May 2018

4,739

37,276

42,015

Charge for year

285

97

382

At 30 April 2019

5,024

37,373

42,397

NET BOOK VALUE

At 30 April 2019

1,544

27

1,571

At 30 April 2018

1,437

124

1,561

4.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST OR VALUATION

At 1 May 2018

and 30 April 2019

399

13,050

13,449

NET BOOK VALUE

At 30 April 2019

399

13,050

13,449

At 30 April 2018

399

13,050

13,449

Cost or valuation at 30 April 2019 is represented by:

Shares in

group

Other

undertakings

investments

Totals

£

£

£

Cost

399

13,050

13,449

a) Boulders Ltd

Nature of business: Indoor climbing facilities

2019

£

Ordinary Shares

13,050

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2018

3,600,764

Additions

24,004

Disposals

(575,735

)

At 30 April 2019

3,049,033

NET BOOK VALUE

At 30 April 2019

3,049,033

At 30 April 2018

3,600,764

Investment property was valued on an open market basis on 30 April 2019 by the directors.

It's value has been reviewed and is still deemed to be reasonable.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

875

214

Other debtors

5,180

5,180

RPA Developments Ltd

460

460

Prepayments & accrued income

6,267

16,725

12,782

22,579

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans

75,679

89,581

Trade creditors

12,967

25,864

Amounts owed to group undertakings

87,817

145,581

Taxes & social security costs

28,294

37,316

Other creditors & accruals

197,395

207,017

402,152

505,359

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Bank loans

569,005

903,351

Other creditors

916,669

1,088,272

1,485,674

1,991,623

9.	RELATED PARTY DISCLOSURES

a) Transactions with directors

As at 30 April 2019 the company owed Mr I Parfitt & Mrs J B Parfitt, both directors,

£1,017,597 (2018 - £1,182,278) and Ms A Parfitt & Ms K Parfitt, both directors, £29,073

(2018 - £35,994).