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 2021

for

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






Contents of the Financial Statements
for the Year Ended 31st March 2021




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 2021







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 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 455,575 449,920
Investments 5 1,406,796 1,406,796
Investment property 6 6,851,053 6,746,183
8,713,424 8,602,899

CURRENT ASSETS
Stocks 328,725 327,314
Debtors 17,557 23,377
Cash at bank 2,466,649 2,498,297
2,812,931 2,848,988
CREDITORS
Amounts falling due within one year 532,449 597,064
NET CURRENT ASSETS 2,280,482 2,251,924
TOTAL ASSETS LESS CURRENT
LIABILITIES
10,993,906
10,854,823

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

PROVISIONS FOR LIABILITIES (53,586 ) (53,511 )
NET ASSETS 6,940,320 6,801,312

CAPITAL AND RESERVES
Called up share capital 4,250,999 4,250,999
Investment property reserve 286,781 286,781
Retained earnings 2,402,540 2,263,532
6,940,320 6,801,312

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2021.

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

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

Abridged Balance Sheet - continued
31st March 2021


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 2021 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 24th November 2021 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 2021

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
Work in progress is valued at the lower of cost and net realisable value.

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 (2020 - NIL).

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

Notes to the Financial Statements - continued
for the Year Ended 31st March 2021

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2020 468,063
Additions 10,242
At 31st March 2021 478,305
DEPRECIATION
At 1st April 2020 18,143
Charge for year 4,587
At 31st March 2021 22,730
NET BOOK VALUE
At 31st March 2021 455,575
At 31st March 2020 449,920

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1st April 2020
and 31st March 2021 1,406,796
NET BOOK VALUE
At 31st March 2021 1,406,796
At 31st March 2020 1,406,796

Cost or valuation at 31st March 2021 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 2020 6,746,183
Additions 104,870
At 31st March 2021 6,851,053
NET BOOK VALUE
At 31st March 2021 6,851,053
At 31st March 2020 6,746,183

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

Notes to the Financial Statements - continued
for the Year Ended 31st March 2021

6. INVESTMENT PROPERTY - continued

Fair value at 31st March 2021 is represented by:
£   
Valuation in 2016 (48,780 )
Valuation in 2017 409,322
Valuation in 2019 (26,220 )
Cost 6,516,731
6,851,053

Page 6