Registered number
04780398
RMG Property Services Ltd
Filleted Accounts
31 May 2024
RMG Property Services Ltd
Registered number: 04780398
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 416,162 416,162
Current assets
Debtors 4 7,800 7,800
Cash at bank and in hand 262,278 202,968
270,078 210,768
Creditors: amounts falling due within one year 5 (88,042) (66,920)
Net current assets 182,036 143,848
Total assets less current liabilities 598,198 560,010
Creditors: amounts falling due after more than one year 6 (274,639) (274,639)
Net assets 323,559 285,371
Capital and reserves
Called up share capital 1 1
Profit and loss account 323,558 285,370
Shareholders' funds 323,559 285,371
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Bakshish Singh Sandhu
Director
Approved by the board on 24 February 2025
RMG Property Services Ltd
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 June 2023 416,162
At 31 May 2024 416,162
Depreciation
At 31 May 2024 -
Net book value
At 31 May 2024 416,162
At 31 May 2023 416,162
4 Debtors 2024 2023
£ £
Trade debtors 7,800 7,800
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 2,137 2,137
Corporation tax 8,958 8,776
Other creditors 76,947 56,007
88,042 66,920
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 143,336 143,336
Other creditors 131,303 131,303
274,639 274,639
7 Other information
RMG Property Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
8 Brasenose Road
Gillingham
Kent
Uk
ME7 4JR
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