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REGISTERED NUMBER: 04354395 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

R.M.F. PROPERTIES LIMITED

R.M.F. PROPERTIES LIMITED (REGISTERED NUMBER: 04354395)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 June 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


R.M.F. PROPERTIES LIMITED

COMPANY INFORMATION
for the year ended 30 June 2024







DIRECTORS: R J Foskett
Ms L J Foskett
M A Foskett
Mrs J Ward



SECRETARY: R J Foskett



REGISTERED OFFICE: Highdown House
11 Highdown Road
Leamington Spa
Warwickshire
CV31 1XT



REGISTERED NUMBER: 04354395 (England and Wales)



BANKERS: Handelsbanken
Suite 1
6 The Quadrant
Coventry
CV1 2EL

R.M.F. PROPERTIES LIMITED (REGISTERED NUMBER: 04354395)

ABRIDGED BALANCE SHEET
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,499 13,247
Investments 5 17,196 19,000
Investment properties 6 7,460,599 7,149,009
7,487,294 7,181,256

CURRENT ASSETS
Debtors 1,222,200 618,992
Cash at bank 3,952,452 4,142,750
5,174,652 4,761,742
CREDITORS
Amounts falling due within one year 770,477 142,107
NET CURRENT ASSETS 4,404,175 4,619,635
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,891,469

11,800,891

PROVISIONS FOR LIABILITIES 22,893 23,830
NET ASSETS 11,868,576 11,777,061

CAPITAL AND RESERVES
Called up share capital 7 9,000 9,000
Share premium 2,778,935 2,778,935
Revaluation reserve 8 1,333,911 1,333,911
Retained earnings 7,746,730 7,655,215
SHAREHOLDERS' FUNDS 11,868,576 11,777,061

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

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

R.M.F. PROPERTIES LIMITED (REGISTERED NUMBER: 04354395)

ABRIDGED BALANCE SHEET - continued
30 June 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 30 June 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 25 March 2025 and were signed on its behalf by:





R J Foskett - Director


R.M.F. PROPERTIES LIMITED (REGISTERED NUMBER: 04354395)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June 2024

1. STATUTORY INFORMATION

R.M.F. Properties 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements are presented in sterling which is the functional currency of the company and is rounded to the nearest £1.

Turnover
Turnover comprises of rental income and services provided in the normal course of business.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings and equipment - Over 3 years
Office equipment - 25% on cost
Motor vehicles - 25% on reducing balance

Investment properties
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

R.M.F. PROPERTIES LIMITED (REGISTERED NUMBER: 04354395)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023
and 30 June 2024 62,812
DEPRECIATION
At 1 July 2023 49,565
Charge for year 3,748
At 30 June 2024 53,313
NET BOOK VALUE
At 30 June 2024 9,499
At 30 June 2023 13,247

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 July 2023 19,000
Disposals (1,804 )
At 30 June 2024 17,196
NET BOOK VALUE
At 30 June 2024 17,196
At 30 June 2023 19,000

R.M.F. PROPERTIES LIMITED (REGISTERED NUMBER: 04354395)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024

6. INVESTMENT PROPERTIES
Total
£   
FAIR VALUE
At 1 July 2023 7,149,009
Additions 311,590
At 30 June 2024 7,460,599
NET BOOK VALUE
At 30 June 2024 7,460,599
At 30 June 2023 7,149,009

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2010 1,071,063
Valuation in 2012 (292,632 )
Valuation in 2016 575,998
Cost 6,106,170
7,460,599

Investment properties were valued on an open market basis on 21 October 2015 by EHB Commercial .

In the opinion of the directors' there is no change in the fair value of the investment properties.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2,340 "A" Ordinary £1 2,340 2,340
2,220 "B" Ordinary £1 2,220 2,220
2,220 "C" Ordinary £1 2,220 2,220
2,220 Ordinary D £1 2,220 2,220
9,000 9,000

8. RESERVES
Revaluation
reserve
£   
At 1 July 2023
and 30 June 2024 1,333,911

9. PENSION COMMITMENTS

The company operates a defined contribution pension scheme in respect of the directors. The scheme and its assets are held by independent managers. The pension charge represents contributions due from the company and amounted £1,083 (2023 - £578).