RPL Properties Limited - Accounts to registrar (filleted) - small 23.1.2

RPL Properties Limited - Accounts to registrar (filleted) - small 23.1.2

RPL PROPERTIES LIMITED - Company Information

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REGISTERED NUMBER: 10388306 (England and Wales)













ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2022

FOR

RPL PROPERTIES LIMITED
RPL PROPERTIES LIMITED (REGISTERED NUMBER: 10388306)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


RPL PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2022







DIRECTOR: Ms S A Colley





REGISTERED OFFICE: 4 The Crescent
Adel
Leeds
LS16 6AA





REGISTERED NUMBER: 10388306 (England and Wales)





ACCOUNTANTS: D & J Randles
Chartered Accountants
4 The Crescent
Adel
Leeds
West Yorkshire
LS16 6AA
Page 1
RPL PROPERTIES LIMITED (REGISTERED NUMBER: 10388306)

ABRIDGED BALANCE SHEET
30 SEPTEMBER 2022

30.9.22 30.9.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,909 2,545
Investment property 5 313,969 313,969
315,878 316,514

CURRENT ASSETS
Debtors 1,123 1,123
Cash at bank 634 15,288
1,757 16,411
CREDITORS
Amounts falling due within one year 237,026 255,311
NET CURRENT LIABILITIES (235,269 ) (238,900 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
80,609
77,614

CREDITORS
Amounts falling due after more than one
year
6
(37,038
)
(42,594
)

PROVISIONS FOR LIABILITIES 7 (5,762 ) (5,762 )
NET ASSETS 37,809 29,258

CAPITAL AND RESERVES
Called up share capital 8 199 199
Retained earnings 37,610 29,059
SHAREHOLDERS' FUNDS 37,809 29,258

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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...
RPL PROPERTIES LIMITED (REGISTERED NUMBER: 10388306)

ABRIDGED BALANCE SHEET - continued
30 SEPTEMBER 2022


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 30 September 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 June 2023 and were signed by:





Ms S A Colley - Director


The notes form part of these financial statements

Page 3
RPL PROPERTIES LIMITED (REGISTERED NUMBER: 10388306)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

1. STATUTORY INFORMATION

RPL Properties 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.

Although liabilities exceed assets at the balance sheet date, the accounts have been prepared on a going concern basis because in the opinion of the directors, the company will have sufficient funds to enable it to continue trading for the foreseeable future.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance

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 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.

3. EMPLOYEES AND DIRECTORS

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

Page 4 continued...
RPL PROPERTIES LIMITED (REGISTERED NUMBER: 10388306)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2022

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2021
and 30 September 2022 9,900
DEPRECIATION
At 1 October 2021 7,355
Charge for year 636
At 30 September 2022 7,991
NET BOOK VALUE
At 30 September 2022 1,909
At 30 September 2021 2,545

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2021
and 30 September 2022 313,969
NET BOOK VALUE
At 30 September 2022 313,969
At 30 September 2021 313,969

Fair value at 30 September 2022 is represented by:
£   
Valuation in 2019 30,328
Cost 283,641
313,969

If investment property had not been revalued it would have been included at the following historical cost:

30.9.22 30.9.21
£    £   
Cost 132,752 132,752

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

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
30.9.22 30.9.21
£    £   
Repayable by instalments
Other loans more 5yrs instal 14,815 20,371

Page 5 continued...
RPL PROPERTIES LIMITED (REGISTERED NUMBER: 10388306)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2022

7. PROVISIONS FOR LIABILITIES
30.9.22 30.9.21
£    £   
Deferred tax 5,762 5,762

Deferred
tax
£   
Balance at 1 October 2021 5,762
Balance at 30 September 2022 5,762

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30.9.22 30.9.21
value: £    £   
199 Ordinary £1 199 199

The issued share capital comprises 100 ordinary shares, 33 A ordinary shares, 33 B ordinary shares and 33 C ordinary shares, all of £1 each. The A. B & C shares carry the same rights as the ordinary shares except that they do not have voting rights.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms S A Colley.

Page 6