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REGISTERED NUMBER: 08792159 (England and Wales)


















Unaudited Financial Statements for the Year Ended 30 November 2024

for

RMP Prop Limited

RMP Prop Limited (Registered number: 08792159)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


RMP Prop Limited (Registered number: 08792159)

Balance Sheet
30 November 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,958 4,784
Investments 5 1,547,900 1,037,497
1,552,858 1,042,281

CURRENT ASSETS
Debtors 6 2,669,728 1,764,604
Cash at bank 1,561,400 1,955,241
4,231,128 3,719,845
CREDITORS
Amounts falling due within one year 7 (346,808 ) (399,880 )
NET CURRENT ASSETS 3,884,320 3,319,965
TOTAL ASSETS LESS CURRENT LIABILITIES 5,437,178 4,362,246

CREDITORS
Amounts falling due after more than one year 8 (6,026 ) (16,103 )
NET ASSETS 5,431,152 4,346,143

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 5,431,151 4,346,142
5,431,152 4,346,143

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

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

RMP Prop Limited (Registered number: 08792159)

Balance Sheet - continued
30 November 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 Profit and Loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 July 2025 and were signed by:





S R M Seller - Director


RMP Prop Limited (Registered number: 08792159)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

RMP Prop Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08792159

Registered office: 102 High Road
Chigwell
Essex
IG7 6PJ

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.

Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

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 4 (2023 - 4 ) .

RMP Prop Limited (Registered number: 08792159)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 December 2023 9,197
Additions 1,827
At 30 November 2024 11,024
DEPRECIATION
At 1 December 2023 4,413
Charge for year 1,653
At 30 November 2024 6,066
NET BOOK VALUE
At 30 November 2024 4,958
At 30 November 2023 4,784

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1 December 2023 1,037,497
Additions 2,250
Revaluations 508,153
At 30 November 2024 1,547,900
NET BOOK VALUE
At 30 November 2024 1,547,900
At 30 November 2023 1,037,497

Cost or valuation at 30 November 2024 is represented by:

Shares in
group
undertakings
£   
Valuation in 2022 856,849
Valuation in 2023 180,235
Valuation in 2024 508,153
Cost 2,663
1,547,900

RMP Prop Limited (Registered number: 08792159)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 1,848,722 1,335,290
Amounts owed by joint ventures 692,229 308,101
Other debtors 50,000 1,660
Other loans 77,881 77,881
Prepayments and accrued income 896 41,672
2,669,728 1,764,604

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,640 9,640
Trade creditors 9,985 19,251
Amounts owed to group undertakings 283,996 203,692
Amounts owed to participating interests 50 126,033
Amounts owed to joint ventures - 2,241
PAYE 8,247 4,842
Other creditors 249 26,287
Directors' loan accounts 22,491 3,061
Accruals and deferred income 12,150 4,833
346,808 399,880

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 6,026 16,103