Company Registration No. 08600406 (England and Wales)
RM Management Alliance Limited
Unaudited accounts
for the year ended 31 March 2024
RM Management Alliance Limited
Unaudited accounts
Contents
RM Management Alliance Limited
Statement of financial position
as at 31 March 2024
Investment property
287,000
280,430
Cash at bank and in hand
2,839
2,736
Creditors: amounts falling due within one year
(14,462)
(251)
Net current (liabilities)/assets
(11,623)
2,485
Total assets less current liabilities
275,377
282,915
Creditors: amounts falling due after more than one year
(189,390)
(190,823)
Provisions for liabilities
Called up share capital
10
10
Profit and loss account
83,761
91,114
Shareholders' funds
83,771
91,124
For the year ending 31 March 2024 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 25 July 2024 and were signed on its behalf by
Mr Rikin Pradip Mehta
Director
Company Registration No. 08600406
RM Management Alliance Limited
Notes to the Accounts
for the year ended 31 March 2024
RM Management Alliance Limited is a private company, limited by shares, registered in England and Wales, registration number 08600406. The registered office is 78 Long Lane, Hillingdon, Uxbridge, UB10 0EQ.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% Straight Line
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.
Retained earnings include non-distributable reserves of £11,663 in respect of unrealised property gains.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
RM Management Alliance Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Total
5
Deferred taxation
2024
2023
Revaluation of investment property
2,216
968
Provision at start of year
968
592
Charged to the profit and loss account
1,248
376
Provision at end of year
2,216
968
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
Movements on directors' loan accounts represent timing differences between amounts owed, and payments made, to directors in respect of expenses, remuneration and dividends. At the reporting date the amount owed by the company to Mr Mehta was £14,039, a movement of £13,914 from the £125 owed by the company at the beginning of the period. No interest is charged on balances and no guarantees have been provided by either the company or the directors.
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).