RPD Management Limited - Accounts to registrar (filleted) - small 18.2

RPD Management Limited - Accounts to registrar (filleted) - small 18.2

RPD MANAGEMENT LIMITED - Company Information

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REGISTERED NUMBER: 08735596 (England and Wales)







Financial Statements for the Year Ended 31st March 2020

for

RPD Management Limited
RPD Management Limited (Registered number: 08735596)






Contents of the Financial Statements
for the Year Ended 31st March 2020




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


RPD Management Limited

Company Information
for the Year Ended 31st March 2020







DIRECTORS: Mrs R A Dudley
R P Dudley





REGISTERED OFFICE: Luggers Hall
Springfield Lane
Broadway
Worcestershire
WR12 7BT





REGISTERED NUMBER: 08735596 (England and Wales)





ACCOUNTANTS: The Richards Sandy Partnership
Thorneloe House
25 Barbourne Road
Worcester
Worcestershire
WR1 1RU
Page 1
RPD Management Limited (Registered number: 08735596)

Abridged Balance Sheet
31st March 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 449,920 351,086
Investments 5 1,406,796 2,835,711
Investment property 6 6,746,183 5,545,282
8,602,899 8,732,079

CURRENT ASSETS
Stocks 327,314 379,430
Debtors 23,377 18,651
Cash at bank 2,498,297 3,424,637
2,848,988 3,822,718
CREDITORS
Amounts falling due within one year 597,064 1,860,000
NET CURRENT ASSETS 2,251,924 1,962,718
TOTAL ASSETS LESS CURRENT
LIABILITIES
10,854,823
10,694,797

CREDITORS
Amounts falling due after more than one
year
(4,000,000
)
(4,000,000
)

PROVISIONS FOR LIABILITIES (53,511 ) (54,209 )
NET ASSETS 6,801,312 6,640,588

CAPITAL AND RESERVES
Called up share capital 4,250,999 4,250,999
Investment property reserve 286,781 286,781
Retained earnings 2,263,532 2,102,808
6,801,312 6,640,588

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2020 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 notes form part of these financial statements

Page 2 continued...
RPD Management Limited (Registered number: 08735596)

Abridged Balance Sheet - continued
31st March 2020


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st March 2020 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11th December 2020 and
were signed on its behalf by:





Mrs R A Dudley - Director


The notes form part of these financial statements

Page 3
RPD Management Limited (Registered number: 08735596)

Notes to the Financial Statements
for the Year Ended 31st March 2020

1. STATUTORY INFORMATION

RPD Management 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.

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 Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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.
Plant and machinery - 10% on cost
Motor vehicles - 25% on reducing balance

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.

STOCKS
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.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks to their present location and condition.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and
Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

Page 4 continued...
RPD Management Limited (Registered number: 08735596)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2020

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2019 364,981
Additions 103,082
At 31st March 2020 468,063
DEPRECIATION
At 1st April 2019 13,895
Charge for year 4,248
At 31st March 2020 18,143
NET BOOK VALUE
At 31st March 2020 449,920
At 31st March 2019 351,086

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1st April 2019 2,835,711
Disposals (165,960 )
Impairments (1,262,955 )
At 31st March 2020 1,406,796
NET BOOK VALUE
At 31st March 2020 1,406,796
At 31st March 2019 2,835,711

Cost or valuation at 31st March 2020 is represented by:
Totals
£   
Valuation in 2016 4,450
Valuation in 2017 66,125
Valuation in 2019 (70,575 )
Cost 1,406,796
1,406,796

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2019 5,545,282
Additions 1,200,901
At 31st March 2020 6,746,183
NET BOOK VALUE
At 31st March 2020 6,746,183
At 31st March 2019 5,545,282

Page 5 continued...
RPD Management Limited (Registered number: 08735596)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2020

6. INVESTMENT PROPERTY - continued

Fair value at 31st March 2020 is represented by:

£   
Valuation in 2016 (48,780 )
Valuation in 2017 409,322
Valuation in 2019 (26,220 )
Cost 6,411,861
6,746,183

Page 6