Registered number
06752262
R & M Property Rentals Limited
Report and Accounts
30 June 2022
R & M Property Rentals Limited
Report and accounts
Contents
Page
Directors' report 1
Accountants' report 2
Profit and loss account 3
Balance sheet 4
Notes to the accounts 5-6
R & M Property Rentals Limited
Registered number: 06752262
Directors' Report
The directors present their report and accounts for the year ended 30 June 2022.
Principal activities
The company's principal activity during the year continued to be purchased of properties for the management & rental
Directors
The following persons served as directors during the year:
Mr M.J. Pratt
Mr N.J. Pratt
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 5 September 2022 and signed on its behalf.
Mr N.J Pratt
Director
R & M Property Rentals Limited
Accountants' Report
Accountants' report to the directors of
R & M Property Rentals Limited
You consider that the company is exempt from an audit for the year ended 30 June 2022. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Penningtons Accountants Limited
Chartered Accountants
86 Ormond Drive
Hampton
TW12 2TN
5 September 2022
R & M Property Rentals Limited
Profit and Loss Account
for the year ended 30 June 2022
2022 2021
£ £
Turnover 143,029 137,562
Administrative expenses (78,487) (61,388)
Operating profit 64,542 76,174
Gain on revaluation of investments 219,150 150,000
Interest receivable 261 139
Profit before taxation 283,953 226,313
Tax on profit (53,952) (42,999)
Profit for the financial year 230,001 183,314
R & M Property Rentals Limited
Registered number: 06752262
Balance Sheet
as at 30 June 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 4 3,943,187 3,724,037
Current assets
Debtors 5 358 397
Cash at bank and in hand 74,312 24,621
74,670 25,018
Creditors: amounts falling due within one year 6 (1,992,829) (1,991,667)
Net current liabilities (1,918,159) (1,966,649)
Total assets less current liabilities 2,025,028 1,757,388
Provisions for liabilities (274,970) (233,331)
Net assets 1,750,058 1,524,057
Capital and reserves
Called up share capital 100 100
Revaluation reserve 7 1,126,094 948,582
Profit and loss account 623,864 575,375
Shareholders' funds 1,750,058 1,524,057
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr M.J Pratt
Director
Approved by the board on 5 September 2022
R & M Property Rentals Limited
Notes to the Accounts
for the year ended 30 June 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Income
Income reprsents the gross rental income.
2 Going Concern
At 30 June 2021, the company had net current laibilities of £1,918,159 [2021- 1,966,649]. The directors of the company are confident that all payments and laibilities will be met as and when they arise. The directors are of the opinion that the financials statements should be drawn up on a going concern basis.
3 Employees 2022 2021
Number Number
Average number of persons employed by the company 0 0
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 July 2021 3,717,975 6,062 3,724,037
Surplus on revaluation 219,150 - 219,150
At 30 June 2022 3,937,125 6,062 3,943,187
Depreciation
At 30 June 2022 - - -
Net book value
At 30 June 2022 3,937,125 6,062 3,943,187
At 30 June 2021 3,717,975 6,062 3,724,037
5 Debtors 2022 2021
£ £
Other debtors 358 397
6 Creditors: amounts falling due within one year 2022 2021
£ £
Taxation and social security costs 12,313 14,499
Other creditors 1,980,516 1,977,168
1,992,829 1,991,667
7 Revaluation reserve 2022 2021
£ £
At 1 July 2021 948,582 827,082
Gain on revaluation of land and buildings 177,512 121,500
At 30 June 2022 1,126,094 948,582
8 Profit and loss account 2022 2021
£ £
At 1 July 2021 575,375 517,561
Profit for the financial year 230,001 183,314
Dividends (4,000) (4,000)
Transfer to Non Distributable Reserve (177,512) (121,500)
623,864 575,375
9 Related party transactions
The amount of £1,475,026.81 [2021- 1,475,026.81] was due to R & M Rentals Ltd at the year end.
10 Transactions with directors
At the balance sheet date the company owed the directors £498,322 [2021- £494,322].
11 Other information
R & M Property Rentals Limited is a private company limited by shares and incorporated in England. Its registered office is:
97-99 Worton Road
Isleworth
Middlesex
TW7 6EG
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