IRIS Accounts Production v25.1.3.33 05558099 director 1.9.23 31.8.24 31.8.24 false true false false true false Fair value model Ordinary 1.00000 Golden 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh055580992023-08-31055580992024-08-31055580992023-09-012024-08-31055580992022-08-31055580992022-09-012023-08-31055580992023-08-3105558099ns15:EnglandWales2023-09-012024-08-3105558099ns14:PoundSterling2023-09-012024-08-3105558099ns10:Director12023-09-012024-08-3105558099ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3105558099ns10:SmallEntities2023-09-012024-08-3105558099ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3105558099ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3105558099ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3105558099ns10:FullAccounts2023-09-012024-08-3105558099ns10:OrdinaryShareClass12023-09-012024-08-3105558099ns10:OrdinaryShareClass22023-09-012024-08-3105558099ns10:CompanySecretary12023-09-012024-08-3105558099ns10:RegisteredOffice2023-09-012024-08-3105558099ns5:CurrentFinancialInstruments2024-08-3105558099ns5:CurrentFinancialInstruments2023-08-3105558099ns5:Non-currentFinancialInstruments2024-08-3105558099ns5:Non-currentFinancialInstruments2023-08-3105558099ns5:ShareCapital2024-08-3105558099ns5:ShareCapital2023-08-3105558099ns5:RevaluationReserve2024-08-3105558099ns5:RevaluationReserve2023-08-3105558099ns5:RetainedEarningsAccumulatedLosses2024-08-3105558099ns5:RetainedEarningsAccumulatedLosses2023-08-3105558099ns5:PlantMachinery2023-09-012024-08-3105558099ns5:FurnitureFittings2023-09-012024-08-3105558099ns5:MotorVehicles2023-09-012024-08-3105558099ns5:PlantMachinery2023-08-3105558099ns5:FurnitureFittings2023-08-3105558099ns5:MotorVehicles2023-08-3105558099ns5:PlantMachinery2024-08-3105558099ns5:FurnitureFittings2024-08-3105558099ns5:MotorVehicles2024-08-3105558099ns5:PlantMachinery2023-08-3105558099ns5:FurnitureFittings2023-08-3105558099ns5:MotorVehicles2023-08-3105558099ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3105558099ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3105558099ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-08-3105558099ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-08-3105558099ns5:Secured2024-08-3105558099ns5:Secured2023-08-3105558099ns5:AcceleratedTaxDepreciationDeferredTax2024-08-3105558099ns5:AcceleratedTaxDepreciationDeferredTax2023-08-3105558099ns5:DeferredTaxation2023-08-3105558099ns5:DeferredTaxation2023-09-012024-08-3105558099ns5:DeferredTaxation2024-08-3105558099ns10:OrdinaryShareClass12024-08-3105558099ns10:OrdinaryShareClass22024-08-3105558099ns5:RevaluationReserve2023-08-31
REGISTERED NUMBER: 05558099 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

RMA ASSETS LIMITED

RMA ASSETS LIMITED (REGISTERED NUMBER: 05558099)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RMA ASSETS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: Mr M Arshad





SECRETARY: RMA Investments Limited





REGISTERED OFFICE: Eden House
Two Rivers Business Park
Witney
Oxfordshire
OX28 4BL





BUSINESS ADDRESS: Raja House
212 - 214 Cowley Road
Oxford
OX4 1UQ





REGISTERED NUMBER: 05558099 (England and Wales)





ACCOUNTANTS: Bronsens
Chartered Certified Accountants
Hillside
Albion Street
Chipping Norton
Oxfordshire
OX7 5BH

RMA ASSETS LIMITED (REGISTERED NUMBER: 05558099)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 5,212 5,531
Investment property 5 2,875,000 2,875,000
2,880,212 2,880,531

CURRENT ASSETS
Debtors 6 794,731 803,286
Cash at bank 63,750 86,778
858,481 890,064
CREDITORS
Amounts falling due within one year 7 157,687 215,239
NET CURRENT ASSETS 700,794 674,825
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,581,006

3,555,356

CREDITORS
Amounts falling due after more than one
year

8

(967,500

)

(985,000

)

PROVISIONS FOR LIABILITIES 10 (252,032 ) (221,488 )
NET ASSETS 2,361,474 2,348,868

CAPITAL AND RESERVES
Called up share capital 11 102 102
Revaluation reserve 12 1,410,963 1,410,963
Retained earnings 950,409 937,803
SHAREHOLDERS' FUNDS 2,361,474 2,348,868

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

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

RMA ASSETS LIMITED (REGISTERED NUMBER: 05558099)

BALANCE SHEET - continued
31 AUGUST 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 29 May 2025 and were signed by:





Mr M Arshad - Director


RMA ASSETS LIMITED (REGISTERED NUMBER: 05558099)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

RMA Assets 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
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 - 10% on cost
Fixtures and fittings - 33.33% on cost
Other assets - 5% 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 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 1 (2023 - 1 ) .

RMA ASSETS LIMITED (REGISTERED NUMBER: 05558099)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Other
machinery fittings assets Totals
£    £    £    £   
COST
At 1 September 2023
and 31 August 2024 109,814 93,290 6,384 209,488
DEPRECIATION
At 1 September 2023 109,814 93,290 853 203,957
Charge for year - - 319 319
At 31 August 2024 109,814 93,290 1,172 204,276
NET BOOK VALUE
At 31 August 2024 - - 5,212 5,212
At 31 August 2023 - - 5,531 5,531

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 2,875,000
NET BOOK VALUE
At 31 August 2024 2,875,000
At 31 August 2023 2,875,000

Investment property comprises 212-214 Cowley Road. The fair value of the investment property corresponds to a valuation carried out by Savills (UK) Limited, a firm of Chartered Surveyors, in December 2021. The director does not consider the fair value of investment property changed materially between the date of this valuation and the balance sheet date.

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2021 1,633,598
Cost 1,241,402
2,875,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 50,358 58,763
Other debtors 744,373 744,373
Prepayments - 150
794,731 803,286

RMA ASSETS LIMITED (REGISTERED NUMBER: 05558099)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 15,000 15,000
Tax 16,255 10,930
VAT 11,811 11,816
Other creditors 89,014 149,042
Directors' current accounts 13,197 13,197
Accruals and deferred income 12,410 15,254
157,687 215,239

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans more than 1 year 967,500 985,000

9. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 982,500 1,000,000

Bank loans and the overdraft facility are secured by a legal mortgage over 212-214 Cowley Road, the investment property owned by the company, and a floating charge (containing negative pledge) over any unfixed plant and machinery and other chattels or equipment in, on or about that property.

10. PROVISIONS FOR LIABILITIES
31.8.24 31.8.23
£    £   
Deferred tax
Accelerated capital allowances 103 (1,147 )
Revaluation reserve 251,929 222,635
252,032 221,488

Deferred
tax
£   
Balance at 1 September 2023 221,488
Provided during year 30,544
Balance at 31 August 2024 252,032

RMA ASSETS LIMITED (REGISTERED NUMBER: 05558099)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
100 Ordinary £1 100 100
2 Golden £1 2 2
102 102

12. RESERVES
Revaluation
reserve
£   
At 1 September 2023
and 31 August 2024 1,410,963