IRIS Accounts Production v24.3.0.553 10637369 director 1.3.23 29.2.24 29.2.24 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh106373692023-02-28106373692024-02-29106373692023-03-012024-02-29106373692022-02-28106373692022-03-012023-02-28106373692023-02-2810637369ns15:EnglandWales2023-03-012024-02-2910637369ns14:PoundSterling2023-03-012024-02-2910637369ns10:Director12023-03-012024-02-2910637369ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2910637369ns10:SmallEntities2023-03-012024-02-2910637369ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2910637369ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2910637369ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2910637369ns10:FullAccounts2023-03-012024-02-2910637369ns10:RegisteredOffice2023-03-012024-02-2910637369ns5:CurrentFinancialInstruments2024-02-2910637369ns5:CurrentFinancialInstruments2023-02-2810637369ns5:Non-currentFinancialInstruments2024-02-2910637369ns5:Non-currentFinancialInstruments2023-02-2810637369ns5:ShareCapital2024-02-2910637369ns5:ShareCapital2023-02-2810637369ns5:FurtherSpecificReserve3ComponentTotalEquity2024-02-2910637369ns5:FurtherSpecificReserve3ComponentTotalEquity2023-02-2810637369ns5:RetainedEarningsAccumulatedLosses2024-02-2910637369ns5:RetainedEarningsAccumulatedLosses2023-02-2810637369ns5:PlantMachinery2023-03-012024-02-2910637369ns5:PlantMachinery2023-02-2810637369ns5:PlantMachinery2024-02-2910637369ns5:PlantMachinery2023-02-2810637369ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2910637369ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-2810637369ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-02-2910637369ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-02-28
REGISTERED NUMBER: 10637369 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

RV PROPERTY MANAGEMENT LIMITED

RV PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 10637369)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


RV PROPERTY MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: Mr A Shah





REGISTERED OFFICE: 5 Jardine House
Harrovian Business Village
Bessborough
Harrow
Middlesex
HA1 3EX





REGISTERED NUMBER: 10637369 (England and Wales)





ACCOUNTANTS: David Simon Limited
Chartered Certified Accountants
5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

RV PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 10637369)

STATEMENT OF FINANCIAL POSITION
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 3,299 3,299
Investment property 5 330,000 316,668
333,299 319,967

CURRENT ASSETS
Debtors 6 1,434 579
Cash at bank and in hand 9,506 9,498
10,940 10,077
CREDITORS
Amounts falling due within one year 7 137,044 137,459
NET CURRENT LIABILITIES (126,104 ) (127,382 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

207,195

192,585

CREDITORS
Amounts falling due after more than one
year

8

(203,668

)

(203,682

)

PROVISIONS FOR LIABILITIES (3,333 ) -
NET ASSETS/(LIABILITIES) 194 (11,097 )

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 9,999 -
Retained earnings (9,905 ) (11,197 )
SHAREHOLDERS' FUNDS 194 (11,097 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

RV PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 10637369)

STATEMENT OF FINANCIAL POSITION - continued
29 FEBRUARY 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 November 2024 and were signed by:





Mr A Shah - Director


RV PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 10637369)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

RV Property Management 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Revenue 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 - 25% on cost

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 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 - NIL).

RV PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 10637369)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 4,129
DEPRECIATION
At 1 March 2023
and 29 February 2024 830
NET BOOK VALUE
At 29 February 2024 3,299
At 28 February 2023 3,299

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 316,668
Revaluations 13,332
At 29 February 2024 330,000
NET BOOK VALUE
At 29 February 2024 330,000
At 28 February 2023 316,668

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2024 13,332
Cost 316,668
330,000

Investment property was valued on an open market basis on 29 February 2024 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,434 579

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 848 1,829
Other creditors 136,196 135,630
137,044 137,459

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 203,668 203,682

RV PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 10637369)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 203,668 203,682

9. RESERVES
Fair
value
reserve
£   
Transfer 9,999

At 29 February 2024 9,999

10. RELATED PARTY DISCLOSURES

Included in creditors is an amount of £84,776 (2023: £85,026) due to a company in which the director has an interest.