Registered number
11556673
R&MN PROPERTIES LTD
Filleted Accounts
31 March 2023
R&MN PROPERTIES LTD
Registered number: 11556673
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 783,460 783,460
Current assets
Debtors 4 - 3,675
Cash at bank and in hand 211,228 2,386
211,228 6,061
Creditors: amounts falling due within one year 5 (350,073) (443,536)
#NAME? (138,845) (437,475)
Total assets less current liabilities 644,615 345,985
Creditors: amounts falling due after more than one year 6 (653,952) (363,822)
#NAME? (9,337) (17,837)
Capital and reserves
Called up share capital 2 2
Profit and loss account (9,339) (17,839)
Shareholders' funds (9,337) (17,837)
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.
R Nathwani
Director
Approved by the board on 16 October 2023
R&MN PROPERTIES LTD
Notes to the Accounts
for the year ended 31 March 2023
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).
Going concern basis
The accounts have been prepared on a going concern basis assuming provision of financial support by the director and shareholder when necessary.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment properties:
Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Transitional exemption advantage has ben taken to include fair value or revaluation as deemed cost as fair value cannot be measured reliably.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. Stocks of development properties.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 3
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2022 783,460
At 31 March 2023 783,460
Depreciation
At 31 March 2023 -
Net book value
At 31 March 2023 783,460
At 31 March 2022 783,460
Land and building is an investment property.
4 Debtors 2023 2022
£ £
Other debtors - 3,675
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 1,700 22,000
Amounts owed to group undertakings and undertakings in which the company has a participating interest 211,929 247,429
Other creditors 136,444 174,107
350,073 443,536
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 653,952 363,822
7 Loans 2023 2022
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years - 300,151
Instalments falling due for payment after more than five years 645,685 -
645,685 300,151
Secured bank loans 650,685 380,151
The freehold property is secured againt the bank loan. The bank loan is repayble by year 2048 in monthly instalments.
8 Controlling party
The company's parent company is Elastoform UK Limited (controlled by a director Mr. R Nathwani).
9 Other information
R&MN PROPERTIES LTD is a private company limited by shares and incorporated in England. Its registered office is:
89-95, New Summer Street
Birmingham
West Midlands
B19 3TE
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