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REGISTERED NUMBER: 08776393 (England and Wales)





















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2023

FOR

R&M ENTERPRISE SOUTH WEST LIMITED

R&M ENTERPRISE SOUTH WEST LIMITED (REGISTERED NUMBER: 08776393)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R&M ENTERPRISE SOUTH WEST LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2023







DIRECTORS: Mrs K Ford
Mr R N Rofe





REGISTERED OFFICE: Rubis House
15 Friarn Street
Bridgwater
Somerset
TA6 3LH





REGISTERED NUMBER: 08776393 (England and Wales)





ACCOUNTANTS: Aspen Waite Limited
Chartered Accountants
Rubis House
15 Friarn Street
Bridgwater
Somerset
TA6 3LH

R&M ENTERPRISE SOUTH WEST LIMITED (REGISTERED NUMBER: 08776393)

BALANCE SHEET
30TH NOVEMBER 2023

30/11/23 30/11/22
Notes £    £   
FIXED ASSETS
Tangible assets 4 63,281 135
Investment property 5 1,167,870 1,173,937
1,231,151 1,174,072

CURRENT ASSETS
Debtors 6 97,250 19,663

CREDITORS
Amounts falling due within one year 7 (925,673 ) (837,196 )
NET CURRENT LIABILITIES (828,423 ) (817,533 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

402,728

356,539

CREDITORS
Amounts falling due after more than one year 8 (78,330 ) (90,934 )

PROVISIONS FOR LIABILITIES (54,165 ) (52,695 )
NET ASSETS 270,233 212,910

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 272,112 272,112
Retained earnings (1,979 ) (59,302 )
270,233 212,910

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2023 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.

R&M ENTERPRISE SOUTH WEST LIMITED (REGISTERED NUMBER: 08776393)

BALANCE SHEET - continued
30TH NOVEMBER 2023


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 and authorised for issue by the Board of Directors and authorised for issue on 29th November 2024 and were signed on its behalf by:





Mr R N Rofe - Director


R&M ENTERPRISE SOUTH WEST LIMITED (REGISTERED NUMBER: 08776393)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023

1. STATUTORY INFORMATION

R&M Enterprise South West 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.

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.
Motor vehicles - 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 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 13 (2022 - NIL ) .

R&M ENTERPRISE SOUTH WEST LIMITED (REGISTERED NUMBER: 08776393)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st December 2022 72,647 - 508 73,155
Additions - 69,499 - 69,499
At 30th November 2023 72,647 69,499 508 142,654
DEPRECIATION
At 1st December 2022 72,512 - 508 73,020
Charge for year 135 6,218 - 6,353
At 30th November 2023 72,647 6,218 508 79,373
NET BOOK VALUE
At 30th November 2023 - 63,281 - 63,281
At 30th November 2022 135 - - 135

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st December 2022
and 30th November 2023 1,199,923
DEPRECIATION
At 1st December 2022 25,986
Charge for year 6,067
At 30th November 2023 32,053
NET BOOK VALUE
At 30th November 2023 1,167,870
At 30th November 2022 1,173,937

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Trade debtors 62,396 -
S455 Receivable Debtor 423 423
Directors' loan accounts - 15,439
VAT 33,729 3,099
Prepayments and accrued income 702 702
97,250 19,663

R&M ENTERPRISE SOUTH WEST LIMITED (REGISTERED NUMBER: 08776393)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Bank loans and overdrafts 37,677 11,681
Trade creditors 118,453 11,201
Amounts owed to participating interests 608,853 805,127
Corporation tax 14,337 -
Other creditors 111,462 6,674
Directors' loan accounts 32,378 -
Accruals and deferred income 2,513 2,513
925,673 837,196

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/11/23 30/11/22
£    £   
Bank loans due 2-5 years 78,330 90,934

9. RESERVES
Revaluation
reserve
£   
At 1st December 2022
and 30th November 2023 272,112