Rpm (Pawnbrokers) Islington Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 11964027 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2022

FOR

RPM (PAWNBROKERS) ISLINGTON LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

R M Barrett

SECRETARY:

REGISTERED OFFICE:

16 Hatton Wall

London

London

EC1N 8JH

REGISTERED NUMBER:

11964027 (England and Wales)

ACCOUNTANTS:

Ashfords Partnership LLP

114 - 116 Goodmayes Road

Ilford

Essex

IG3 9UZ

FIXED ASSETS

Tangible assets

4

11,442

14,277

CREDITORS

Amounts falling due within one year

5

1,000

1,000

NET CURRENT LIABILITIES

(1,000

)

(1,000

)

TOTAL ASSETS LESS CURRENT LIABILITIES

10,442

13,277

CREDITORS

Amounts falling due after more than one year

6

19,049

19,049

NET LIABILITIES

(8,607

)

(5,772

)

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

(8,707

)

(5,872

)

SHAREHOLDERS' FUNDS

(8,607

)

(5,772

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 December 2022 and were signed by:

R M Barrett - Director

1.	STATUTORY INFORMATION

Rpm (Pawnbrokers) Islington Ltd 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.

Tangible fixed assets

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

Land and buildings

-

in accordance with the property

Taxation

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

Going concern

The accounts have been prepared on a going concern basis on the assumption that the company will continue to receive adequate financial assistance from its parent company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Short

leasehold

£

COST

At 1 March 2021

and 28 February 2022

19,949

DEPRECIATION

At 1 March 2021

5,672

Charge for year

2,835

At 28 February 2022

8,507

NET BOOK VALUE

At 28 February 2022

11,442

At 28 February 2021

14,277

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.22

28.2.21

£

£

Accrued expenses

1,000

1,000

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.22

28.2.21

£

£

Amounts owed to group undertakings

19,049

19,049

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.22

28.2.21

value:

£

£

100

Ordinary £1

£1

100

100

8.

RESERVES

Retained

earnings

£

At 1 March 2021

(5,872

)

Deficit for the year

(2,835

)

At 28 February 2022

(8,707

)

9.	RELATED PARTY DISCLOSURES

Included under creditors is £19,049 amount due to RPM (Pawnbrokers) Ltd, the parent company.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is R M Barrett.