RP Productions Group Limited - Accounts to registrar (filleted) - small 18.2

RP PRODUCTIONS GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30TH APRIL 2021

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Accountants' Report

8

DIRECTORS:

R J Pytches

P M Pytches

Mrs J A Pytches

REGISTERED OFFICE:

First Floor, Woburn Court

2 Railton Road

Woburn Rd Ind Estate

Kempston

Bedfordshire

MK42 7PN

REGISTERED NUMBER:

11308487 (England and Wales)

ACCOUNTANTS:

Haines Watts

First Floor, Woburn Court

2 Railton Road

Woburn Rd Ind Est

Kempston

Bedfordshire

MK42 7PN

FIXED ASSETS

Tangible assets

4

54,784

38,708

Investments

5

163,000

163,000

217,784

201,708

CURRENT ASSETS

Debtors

6

38,402

51,180

Cash at bank

1,242

1,528

39,644

52,708

CREDITORS

Amounts falling due within one year

7

116,868

96,632

NET CURRENT LIABILITIES

(77,224

)

(43,924

)

TOTAL ASSETS LESS CURRENT LIABILITIES

140,560

157,784

CREDITORS

Amounts falling due after more than one year

8

(131,333

)

(153,000

)

PROVISIONS FOR LIABILITIES

(3,980

)

(4,420

)

NET ASSETS

5,247

364

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

5,147

264

5,247

364

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2021 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th August 2021 and were signed on its behalf by:

P M Pytches - Director

1.	STATUTORY INFORMATION

Rp Productions Group 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.

The financial statements have been prepared on a going concern basis, as the directors pledge their financial support of the company for a minimum of 12 months from the balance sheet date.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

Short leasehold

-

Straight line over 10 years

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

In preparing the financial statements, the directors have considered the current financial position of the company and its likely future cash flows.

The directors have assessed the risks facing the business from Covid-19 and implemented measures to address these risks, including obtaining government backed financial assistance.

Although the situation continues to remain uncertain, in the directors' opinion, the ongoing challenges presented by Covid-19 will not adversely affect the ability of the company to continue trading for the foreseeable future.

At the date of approving these financial statements the directors are satisfied that the company will have adequate resources to continue operations for the foreseeable future.

Accordingly, they continues to adopt the going concern basis in the preparation of the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2020 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Short

to

Plant and

leasehold

property

machinery

£

£

£

COST

At 1st May 2020

14,364

1,083

4,194

Additions

-

-

1,004

Disposals

-

-

-

At 30th April 2021

14,364

1,083

5,198

DEPRECIATION

Charge for year

1,437

108

1,070

At 30th April 2021

1,437

108

1,070

NET BOOK VALUE

At 30th April 2021

12,927

975

4,128

At 30th April 2020

14,364

1,083

4,194

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1st May 2020

4,107

7,771

7,189

38,708

Additions

-

27,659

-

28,663

Disposals

-

(5,593

)

-

(5,593

)

At 30th April 2021

4,107

29,837

7,189

61,778

DEPRECIATION

Charge for year

1,028

1,554

1,797

6,994

At 30th April 2021

1,028

1,554

1,797

6,994

NET BOOK VALUE

At 30th April 2021

3,079

28,283

5,392

54,784

At 30th April 2020

4,107

7,771

7,189

38,708

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st May 2020

and 30th April 2021

163,000

NET BOOK VALUE

At 30th April 2021

163,000

At 30th April 2020

163,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/21

30/4/20

as restated

£

£

Amounts owed by group undertakings

36,788

51,180

Prepayments and accrued income

1,614

-

38,402

51,180

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/21

30/4/20

as restated

£

£

Corporation tax

-

1,635

Social security and other taxes

892

960

VAT

14,248

9,383

Other creditors

258

184

Directors' current accounts

101,470

83,470

Accrued expenses

-

1,000

116,868

96,632

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/4/21

30/4/20

as restated

£

£

Directors' loan accounts

131,333

153,000

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 Statement of Comprehensive Income 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 Rp Productions Group Limited for the year ended 30th April 2021 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity 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 Rp Productions Group 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 Rp Productions Group Limited and state those matters that we have agreed to state to the Board of Directors of Rp Productions Group 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 Rp Productions Group Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Rp Productions Group 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 Rp Productions Group Limited. You consider that Rp Productions Group 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 Rp Productions Group 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.

Haines Watts

First Floor, Woburn Court

2 Railton Road

Woburn Rd Ind Est

Kempston

Bedfordshire

MK42 7PN

20th August 2021