ACCOUNTS - Final Accounts preparation

Commitments under operating leases

At 30 June 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-302022-07-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09083900 2022-07-01 2023-06-30 09083900 2021-07-01 2022-06-30 09083900 2023-06-30 09083900 2022-06-30 09083900 c:Director2 2022-07-01 2023-06-30 09083900 d:Buildings d:LongLeaseholdAssets 2022-07-01 2023-06-30 09083900 d:Buildings d:LongLeaseholdAssets 2023-06-30 09083900 d:Buildings d:LongLeaseholdAssets 2022-06-30 09083900 d:CurrentFinancialInstruments 2023-06-30 09083900 d:CurrentFinancialInstruments 2022-06-30 09083900 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 09083900 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 09083900 d:ShareCapital 2023-06-30 09083900 d:ShareCapital 2022-06-30 09083900 d:RetainedEarningsAccumulatedLosses 2023-06-30 09083900 d:RetainedEarningsAccumulatedLosses 2022-06-30 09083900 c:FRS102 2022-07-01 2023-06-30 09083900 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 09083900 c:FullAccounts 2022-07-01 2023-06-30 09083900 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 09083900 d:WithinOneYear 2023-06-30 09083900 d:WithinOneYear 2022-06-30 09083900 d:BetweenOneFiveYears 2023-06-30 09083900 d:BetweenOneFiveYears 2022-06-30 iso4217:GBP xbrli:pure

Registered number: 09083900

RCP BRIGHTON LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

RCP BRIGHTON LIMITED

REGISTERED NUMBER: 09083900

BALANCE SHEET

AS AT 30 JUNE 2023

		2023		2022
Note		£		£

Fixed assets
Tangible assets	4		4,011		8,100
			4,011		8,100
Current assets
Debtors: amounts falling due within one year	5	126,611		107,486
Cash at bank and in hand	6	18,462		8,845
		145,073		116,331
Creditors: amounts falling due within one year	7	(141,346)		(256,877)
Net current assets/(liabilities)			3,727		(140,546)
Total assets less current liabilities			7,738		(132,446)

Net assets/(liabilities)			7,738		(132,446)

Capital and reserves
Called up share capital	2	2
Profit and loss account	7,736	(132,448)
	7,738	(132,446)

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RCP BRIGHTON LIMITED

REGISTERED NUMBER: 09083900

BALANCE SHEET (CONTINUED)

AS AT 30 JUNE 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

S Naghshineh

Director

Date: 29 November 2023

The notes on pages 3 to 7 form part of these financial statements.

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RCP BRIGHTON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

1.	General information

RCP Brighton Limited is a private company limited by shares and is incorporated and
domiciled in England. The address of its registered office is 13 Diamond Road, Norwich, NR6 6AW.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

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RCP BRIGHTON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property

20%

straight line method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an

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RCP BRIGHTON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

2.9

Financial instruments (continued)

out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of income and retained earnings.

Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

4.	Tangible fixed assets

		Long-term leasehold property
		£
	Cost or valuation
	At 1 July 2022	51,219
	At 30 June 2023	51,219
	Depreciation
	At 1 July 2022	43,119
	Charge for the year on owned assets	4,089
	At 30 June 2023	47,208
	Net book value
	At 30 June 2023	4,011
	At 30 June 2022	8,100

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RCP BRIGHTON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

Debtors

					2023	2022
					£	£


Other debtors	23,234	-
Prepayments and accrued income	103,377	107,486
	126,611	107,486

6.	Cash and cash equivalents
		2023	2022
		£	£

Cash at bank and in hand	18,462	8,845
	18,462	8,845

7.	Creditors: Amounts falling due within one year
		2023	2022
		£	£

Trade creditors	8,296	-
Corporation tax	2,747	-
Other taxation and social security	-	16,136
Other creditors	128,653	86,774
Accruals and deferred income	1,650	153,967
	141,346	256,877

Not later than 1 year	400,000	400,000
Later than 1 year and not later than 5 years	-	400,000
	400,000	800,000

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RCP BRIGHTON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

9.	Related party transactions
	Included in other creditors at the year end are amounts of £128,653 (2022 : £86,774) due to RCP Parking Limited. The directors, S Naghshineh and A Naghshineh are also directors and shareholders of RCP Parking Limited.

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