Company registration number 12815933 (England and Wales)
RMZ HOUSING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
RMZ HOUSING LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
RMZ HOUSING LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2024
31 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investment property
3
419,094
296,792
Current assets
Debtors
4
1,077
Cash at bank and in hand
1,130
36,977
1,130
38,054
Creditors: amounts falling due within one year
5
(153,143)
(154,379)
Net current liabilities
(152,013)
(116,325)
Total assets less current liabilities
267,081
180,467
Creditors: amounts falling due after more than one year
6
(297,177)
(209,396)
Net liabilities
(30,096)
(28,929)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(30,097)
(28,930)
Total equity
(30,096)
(28,929)
For the financial year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 30 May 2025
Mr D Ramsey
Director
Company registration number 12815933 (England and Wales)
RMZ HOUSING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 2 -
1
Accounting policies
Company information
RMZ Housing Limited is a private company limited by shares incorporated in England and Wales. The registered office is 4 Park Farm Close, Henlow, Bedfordshire, England, SG16 6DE.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
These accounts are prepared on a going concern basis on the assumption that the company's creditors, in particular the company's director continues to provide financial support to the company.true
1.3
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:
1.4
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 and loss.
1.5
Taxation
Taxation for the year comprises current an 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
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 form 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.
RMZ HOUSING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
3
Investment property
2024
£
Fair value
At 1 September 2023
296,791
Additions
122,303
At 31 August 2024
419,094
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
1,077
5
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
153,143
154,379
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
297,177
209,396
Creditors which fall due after five years are payable as follows:
Payable by instalments
297,177
209,396
The mortgages are secured over the asset concerned.