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REGISTERED NUMBER: SC621489 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 March 2024

for

RM & JM PROPERTY DEVELOPMENTS LTD

RM & JM PROPERTY DEVELOPMENTS LTD (REGISTERED NUMBER: SC621489)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


RM & JM PROPERTY DEVELOPMENTS LTD

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs M Russell
R P Russell
J A Russell
Mrs M M Russell





REGISTERED OFFICE: Suite 411 Baltic Chambers
50 Wellington Street
Glasgow
Strathclyde
G2 6HJ





REGISTERED NUMBER: SC621489 (Scotland)





ACCOUNTANTS: SD Business Management
Suite 411 Baltic Chambers
50 Wellington Street
Glasgow
Strathclyde
G2 6HJ

RM & JM PROPERTY DEVELOPMENTS LTD (REGISTERED NUMBER: SC621489)

Abridged Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 159,602 85,108
Investments 5 - 70,560
159,602 155,668

CURRENT ASSETS
Stocks 683,107 -
Debtors 38,888 1,223,738
Cash at bank and in hand 179,046 100,076
901,041 1,323,814
CREDITORS
Amounts falling due within one year 436,609 1,065,410
NET CURRENT ASSETS 464,432 258,404
TOTAL ASSETS LESS CURRENT LIABILITIES 624,034 414,072

CREDITORS
Amounts falling due after more than one
year

(11,667

)

(21,667

)

PROVISIONS FOR LIABILITIES (30,324 ) (16,171 )
NET ASSETS 582,043 376,234

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 582,039 376,230
SHAREHOLDERS' FUNDS 582,043 376,234

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

RM & JM PROPERTY DEVELOPMENTS LTD (REGISTERED NUMBER: SC621489)

Abridged Balance Sheet - continued
31 March 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2024 and were signed on its behalf by:




Mrs M M Russell - Director Mrs M Russell - Director




R P Russell - Director J A Russell - Director


RM & JM PROPERTY DEVELOPMENTS LTD (REGISTERED NUMBER: SC621489)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

RM & JM Property Developments Ltd is a private company, limited by shares , registered in Scotland. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 33% on cost, 25% on reducing balance and 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 4 (2023 - 4 ) .

RM & JM PROPERTY DEVELOPMENTS LTD (REGISTERED NUMBER: SC621489)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 106,385
Additions 120,532
Disposals (3,550 )
At 31 March 2024 223,367
DEPRECIATION
At 1 April 2023 21,277
Charge for year 43,198
Eliminated on disposal (710 )
At 31 March 2024 63,765
NET BOOK VALUE
At 31 March 2024 159,602
At 31 March 2023 85,108

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2023 70,560
Disposals (70,560 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 70,560