RGP Estates Limited - Accounts to registrar (filleted) - small 17.3
RGP Estates Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2017 |
| for |
| RGP Estates Limited |
| RGP Estates Limited (Registered number: 07812736) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2017 |
| Page |
| Company Information | 1 |
| Abridged Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Chartered Accountants' Report | 7 |
| RGP Estates Limited |
| Company Information |
| for the Year Ended 31 March 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 18 St Christopher's Way |
| Pride Park |
| Derby |
| DE24 8JY |
| RGP Estates Limited (Registered number: 07812736) |
| Abridged Balance Sheet |
| 31 March 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
4 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| RGP Estates Limited (Registered number: 07812736) |
| Abridged Balance Sheet - continued |
| 31 March 2017 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on its behalf by: |
| RGP Estates Limited (Registered number: 07812736) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2017 |
| 1. | STATUTORY INFORMATION |
| RGP Estates Limited is a |
| company's registered number and registered office address can be found on the Company Information |
| page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| At the year end, the company balance sheet is showing a net current liabilities position of £1,983,057 |
| (2016: £2,166,944) and a net assets position of £141,283 (2016: £96,366). The company continues to |
| trade as a going concern with the ongoing financial support of the directors and the company's |
| bankers. As such, the accounts have been prepared on this basis. |
| 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. |
| No provision is made for depreciation of investment properties. This departure from the requirements |
| of the Companies Act 2006 which require all properties to be depreciated is, in the opinion of the |
| director, necessary for the financial statements to show a true and fair view in accordance with |
| applicable accounting standards. |
| 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. |
| RGP Estates Limited (Registered number: 07812736) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2017 |
| 3. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 April 2016 |
| Additions |
| Disposals | ( |
) |
| At 31 March 2017 |
| NET BOOK VALUE |
| At 31 March 2017 |
| At 31 March 2016 |
| The directors of the company are of the opinion that during the period there has been no adverse |
| movement in the valuation of properties and that the original acquisition cost has been maintained. |
| 4. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |
| 2017 | 2016 |
| £ | £ |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 722,457 | 458,210 |
| 5. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2017 | 2016 |
| £ | £ |
| Bank loans |
| Svenska Handelsbanken Ab (Publ) has fixed and floating charges over all property and assets owned |
| by the company. |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2017 | 2016 |
| value: | £ | £ |
| Ordinary | 1 | 99 | 99 |
| 7. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling parties are Mr G Gupta, Dr R Gupta and Dr R Gupta by virtue of their |
| shareholdings and directorships in the company. |
| RGP Estates Limited (Registered number: 07812736) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2017 |
| 8. | FIRST YEAR ADOPTION |
| The company has adopted Section 1A of FRS 102 for the first time in the year ended 31 March 2017 |
| and has restated the comparative year accounts where required. |
| The transition to FRS 102 1A small entities has resulted in a small number of changes in accounting |
| polices to those used previously. |
| The nature of these changes and their impact on opening equity and profit for the comparative period |
| are explained in the reconciliation of equity. |
| Chartered Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| RGP Estates Limited |
| 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 Income Statement 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 RGP Estates Limited for the year ended 31 March 2017 which comprise the |
| Income Statement, Abridged Balance Sheet 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 RGP Estates 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 RGP Estates Limited and state those matters that we have agreed to state to the Board of Directors of RGP Estates 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 RGP Estates Limited and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that RGP Estates 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 RGP Estates Limited. You consider that RGP Estates 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 RGP Estates 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. |
| Chartered Accountants |
| 18 St Christopher's Way |
| Pride Park |
| Derby |
| DE24 8JY |