Registration number:
R P Properties Limited
Unaudited Filleted Accounts
for the Year Ended 30 September 2018
Aldwych House
Winchester Street
Andover
SP10 2EA
R P Properties Limited
Contents
Balance Sheet |
|
Notes to the Financial Statements |
R P Properties Limited
(Registration number: 03866464)
Balance Sheet as at 30 September 2018
Note |
2018 |
2017 |
|
Fixed assets |
|||
Investment property |
|
|
|
Current assets |
|||
Cash at bank and in hand |
|
|
|
Creditors: Amounts falling due within one year |
( |
( |
|
Net current liabilities |
( |
( |
|
Total assets less current liabilities |
|
|
|
Creditors: Amounts falling due after more than one year |
( |
( |
|
Provisions for liabilities |
( |
( |
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
|
|
|
Capital redemption reserve |
|
|
|
Profit and loss account |
|
|
|
Total equity |
|
|
For the financial year ending 30 September 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
|
• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
......................................... |
Page 1 |
R P Properties Limited
Notes to the Financial Statements for the Year Ended 30 September 2018
General information |
The company is a private company limited by share capital, incorporated in England. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The address of its registered office is:
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Income recognition
The turnover shown in the profit and loss account represents rents invoiced during the period.
Deferred tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.
Investment property
Defined contribution pension obligation
The company operates a defined contribution scheme for the benefit of its employees, Contributions payable are recognised in profit and loss account when due.
Page 2 |
R P Properties Limited
Notes to the Financial Statements for the Year Ended 30 September 2018
2 |
Accounting policies (continued) |
Financial instruments
Staff numbers |
The average number of persons employed by the company, including the director, during the year was
Investment properties |
2018 |
|
At 1 October |
|
2018 |
|
At 1 October and 30 September 2018 |
|
Investment properties are included at their open market value of £220,000 and is based on the directors' valuation. The properties initially cost £96,000 and have been revalued by £124,000.
There has been no valuation of investment property by an independent valuer.
Page 3 |
R P Properties Limited
Notes to the Financial Statements for the Year Ended 30 September 2018
Creditors |
Due within one year
2018 |
2017 |
|
Taxation and social security |
|
- |
Accruals and deferred income |
|
|
Other creditors |
|
|
|
|
Due after more than one year
2018 |
2017 |
|
Bank loans and overdrafts |
|
|
Profit and loss account |
2018 |
2017 |
|
Distributable reserves |
(12,948) |
(16,556) |
Non-distributable reserves |
111,420 |
111,420 |
98,472 |
94,864 |
Page 4 |