Company Registration No. 04967989 (England and Wales)
RMS Properties Limited
Unaudited accounts
for the year ended 30 November 2023
RMS Properties Limited
Statement of financial position
as at 30 November 2023
Investment property
2,668,029
2,667,100
Cash at bank and in hand
6,223
64,480
Creditors: amounts falling due within one year
(285,157)
(348,670)
Net current assets
103,056
122,251
Total assets less current liabilities
2,771,085
2,789,351
Creditors: amounts falling due after more than one year
(177,070)
(212,482)
Provisions for liabilities
Deferred tax
(274,290)
(274,290)
Net assets
2,319,725
2,302,579
Called up share capital
100
100
Revaluation reserve
1,638,138
1,638,138
Profit and loss account
681,487
664,341
Shareholders' funds
2,319,725
2,302,579
For the year ending 30 November 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 directors acknowledge their 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 of Directors and authorised for issue on 5 August 2024 and were signed on its behalf by
Sanjay Sabharwal
Director
Company Registration No. 04967989
RMS Properties Limited
Notes to the Accounts
for the year ended 30 November 2023
RMS Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 04967989. The registered office is 497 Stratford Road, Sparkhill, Birmingham, B11 4LE, England.
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.
4
Average number of employees
During the year the average number of employees was 2 (2022: 2).