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Unaudited Financial Statements

for the Year Ended 5 April 2024

for

RMB Services Limited

RMB Services Limited (Registered number: 03187814)

Contents of the Financial Statements
for the Year Ended 5 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RMB Services Limited

Company Information
for the Year Ended 5 April 2024







DIRECTORS: R R Bushby
Mrs M Bushby





REGISTERED OFFICE: Caxton House
67 West Street
Reigate
Surrey
RH2 9DA





REGISTERED NUMBER: 03187814 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

RMB Services Limited (Registered number: 03187814)

Balance Sheet
5 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 731 1,096
Investment property 5 6,048,334 6,048,334
6,049,065 6,049,430

CURRENT ASSETS
Cash at bank 379,581 253,939

CREDITORS
Amounts falling due within one year 6 291,646 336,169
NET CURRENT ASSETS/(LIABILITIES) 87,935 (82,230 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,137,000

5,967,200

PROVISIONS FOR LIABILITIES 540,144 540,144
NET ASSETS 5,596,856 5,427,056

CAPITAL AND RESERVES
Called up share capital 7 650,000 650,000
Retained earnings 8 4,946,856 4,777,056
SHAREHOLDERS' FUNDS 5,596,856 5,427,056

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by:





R R Bushby - Director


RMB Services Limited (Registered number: 03187814)

Notes to the Financial Statements
for the Year Ended 5 April 2024


1. STATUTORY INFORMATION

RMB Services 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

RMB Services Limited (Registered number: 03187814)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 6 April 2023
and 5 April 2024 12,807
DEPRECIATION
At 6 April 2023 11,711
Charge for year 365
At 5 April 2024 12,076
NET BOOK VALUE
At 5 April 2024 731
At 5 April 2023 1,096

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6 April 2023
and 5 April 2024 6,048,334
NET BOOK VALUE
At 5 April 2024 6,048,334
At 5 April 2023 6,048,334

The investment properties were revalued on an open market basis in April 2018 by Woodlands Estate Agents. The director does not believe that their value has materially changed since 2018.

Fair value at 5 April 2024 is represented by:
£   
Valuation in 2018 3,202,484
Cost 2,845,850
6,048,334

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 130,000 130,000
Trade creditors 1 1
Tax 56,276 35,578
Other creditors 1,937 1,937
Directors' current accounts 65,674 134,773
Accrued expenses 18,655 15,655
Deferred income 19,103 18,225
291,646 336,169

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
650,000 Ordinary £1 650,000 650,000

RMB Services Limited (Registered number: 03187814)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024


8. RESERVES
Retained
earnings
£   

At 6 April 2023 4,777,056
Profit for the year 169,800
At 5 April 2024 4,946,856

Included in reserves is £2,662,340 of non distributable reserves in relation to revalued properties.