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REGISTERED NUMBER: 08656775 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 August 2023

for

RMF PROPERTY INVESTMENT LIMITED

RMF PROPERTY INVESTMENT LIMITED (REGISTERED NUMBER: 08656775)

Contents of the Financial Statements
for the year ended 31 August 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RMF PROPERTY INVESTMENT LIMITED

Company Information
for the year ended 31 August 2023







Director: Miss R M Froud





Registered office: Juniper House
Warley Hill Business Park
The Drive
Brentwood
Essex
CM13 3BE





Registered number: 08656775 (England and Wales)





Accountants: Haines Watts South East LLP
Chartered Accountants
Juniper House
Warley Hill Business Park
The Drive
Brentwood
Essex
CM13 3BE

RMF PROPERTY INVESTMENT LIMITED (REGISTERED NUMBER: 08656775)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Investment property 4 400,000 400,000

Current assets
Debtors 5 2,776 329
Cash at bank 82 120
2,858 449
Creditors
Amounts falling due within one year 6 208,658 201,585
Net current liabilities (205,800 ) (201,136 )
Total assets less current liabilities 194,200 198,864

Provisions for liabilities 7 20,967 20,967
Net assets 173,233 177,897

Capital and reserves
Called up share capital 8 1 1
Revaluation reserve 9 89,383 89,383
Retained earnings 83,849 88,513
Shareholders' funds 173,233 177,897

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2023 and were signed by:





Miss R M Froud - Director


RMF PROPERTY INVESTMENT LIMITED (REGISTERED NUMBER: 08656775)

Notes to the Financial Statements
for the year ended 31 August 2023


1. Statutory information

RMF Property Investment Limited is a private company, limited by shares , registered in England and Wales. The 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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

RMF PROPERTY INVESTMENT LIMITED (REGISTERED NUMBER: 08656775)

Notes to the Financial Statements - continued
for the year ended 31 August 2023


3. Employees and directors

The average number of employees during the year was 1 (2022 - 1 ) .

4. Investment property
Total
£   
Fair value
At 1 September 2022
and 31 August 2023 400,000
Net book value
At 31 August 2023 400,000
At 31 August 2022 400,000

Fair value at 31 August 2023 is represented by:
£   
Valuation in 2017 60,350
Valuation in 2022 50,000
Cost 289,650
400,000

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Other debtors 2,776 329

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Taxation and social security - 1,904
Other creditors 208,658 199,681
208,658 201,585

7. Provisions for liabilities
2023 2022
£    £   
Deferred tax 20,967 20,967

Deferred
tax
£   
Balance at 1 September 2022 20,967
Balance at 31 August 2023 20,967

RMF PROPERTY INVESTMENT LIMITED (REGISTERED NUMBER: 08656775)

Notes to the Financial Statements - continued
for the year ended 31 August 2023


8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

9. Reserves
Revaluation
reserve
£   
At 1 September 2022
and 31 August 2023 89,383

10. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 August 2023 and 31 August 2022:

2023 2022
£    £   
Miss R M Froud
Balance outstanding at start of year (198,841 ) (206,473 )
Amounts advanced 4,344 15,600
Amounts repaid (11,682 ) (7,968 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (206,179 ) (198,841 )