Company Registration No. 12718315 (England and Wales)
RM TAYLOR PROPERTY LTD
Unaudited accounts
for the year ended 31 July 2023
RM TAYLOR PROPERTY LTD
Unaudited accounts
Contents
RM TAYLOR PROPERTY LTD
Company Information
for the year ended 31 July 2023
Company Number
12718315 (England and Wales)
Registered Office
208 Fairway
Rochdale
OL11 3BZ
Accountants
MALLON:TAX
PO Box 238
Houghton le Spring
Co Durham
DH4 9ES
RM TAYLOR PROPERTY LTD
Statement of financial position
as at 31 July 2023
Investment property
421,907
61,671
Cash at bank and in hand
1,249
64
Creditors: amounts falling due within one year
(319,485)
(93,005)
Net current liabilities
(316,581)
(92,941)
Total assets less current liabilities
105,326
(31,270)
Creditors: amounts falling due after more than one year
(151,671)
-
Net liabilities
(46,345)
(31,270)
Called up share capital
10
10
Profit and loss account
(46,355)
(31,280)
Shareholders' funds
(46,345)
(31,270)
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 December 2023 and were signed on its behalf by
RM Taylor
Director
Company Registration No. 12718315
RM TAYLOR PROPERTY LTD
Notes to the Accounts
for the year ended 31 July 2023
RM TAYLOR PROPERTY LTD is a private company, limited by shares, registered in England and Wales, registration number 12718315. The registered office is 208 Fairway, Rochdale, OL11 3BZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market 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.
The Balance Sheet of the company shows that its liabilities exceeds its assets at 31 July 2023. The director has indicated his willingness to continue to support the company and considers that the preparation of the accounts under the going concern basis is appropriate.
Fair value at 1 August 2022
61,671
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Loans from directors
83,466
92,405
RM TAYLOR PROPERTY LTD
Notes to the Accounts
for the year ended 31 July 2023
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).