REGISTERED NUMBER: 04243212

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 27 DECEMBER 2024

FOR

RBM (PROPERTIES) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A J Pearson

REGISTERED OFFICE:

St Andrews House

11 Dalton Court

Commercial Road

Darwen

BB3 0DG

REGISTERED NUMBER:

04243212

ACCOUNTANTS:

Hayes & Co

Chartered Accountants

St.Andrews House

11 Dalton Court, Commercial Road,

Blackburn Interchange

Darwen

Lancashire

BB3 0DG

FIXED ASSETS

Tangible assets

4

357

657

Investment property

5

440,000

625,000

440,357

625,657

CURRENT ASSETS

Debtors

6

854

1,282

Cash at bank and in hand

63,760

3,977

64,614

5,259

CREDITORS

Amounts falling due within one year

7

171,264

162,858

NET CURRENT LIABILITIES

(106,650

)

(157,599

)

TOTAL ASSETS LESS CURRENT LIABILITIES

333,707

468,058

CREDITORS

Amounts falling due after more than one year

8

(213,479

)

(364,378

)

PROVISIONS FOR LIABILITIES

(25,126

)

(35,007

)

NET ASSETS

95,102

68,673

CAPITAL AND RESERVES

Called up share capital

1

1

Fair value reserve

10

107,117

149,241

Retained earnings

(12,016

)

(80,569

)

SHAREHOLDERS' FUNDS

95,102

68,673

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 December 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.

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 24 September 2025 and were signed by:

A J Pearson - Director

1.	STATUTORY INFORMATION

RBM (Properties) Limited is a private company, limited by shares and registered in England and Wales. The registered number is 04243212 and the registered office is St Andrews House, 11 Dalton Court, Commercial Road, Darwen, BB3 0DG.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 FRS102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources.The estimates and associated assumptions are based on historical experience that the directors have and other factors that are considered relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period to which the estimate is revised where the revision affects only that period, or in the period of revision and future periods where the revision affects both the current and future periods.

Turnover

Turnover represents rental income receivable under the terms of the lease agreements with tenants and is recognised in the period that the income relates to.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Fixed assets are initially recorded at cost and are measured at cost less accumulated depreciation and any accumulated impairment losses.

Investment property

Investment property is shown at the most recent valuations, any aggregate surplus or deficit arising from changes in fair value is recognised through the profit and loss account.

Investment properties are initially recorded at cost plus costs of acquisition.

The increase or decrease in fair value, less the deferred taxation on the increase are show in a separate non distributable reserve.

Financial instruments

The company has elected to apply the provisions of section 11 ' Basic Financial Instruments' and section 12 'Other Financial Instruments' of FRS 102 to all of its financial instruments.

Financial Instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade receivable, cash and bank balances are initially recorded at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market value rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets

The company has no financial instruments that are classified as other financial assets.

Impairment of financial assets

Financial assets, other than those held at fair value through the income statement, are assessed for indicators of impairment at each reporting date.

Financial assets are impaired where there is objective evidence that, as a result if one or more events that occurred after the initial recognition of the financial assets, the estimated future cash flows have been affected. If an assets is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in the income statement.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Basic financial liabilities, including creditors, loans from associated companies that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Other financial liabilities

The company has no financial instruments that are classified as other financial liabilities.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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.

The tax expense represents the sum of the tax currently payable and deferred tax.

Current taxation

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as report in the income statement because it excludes items of income or expenses that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all the timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Going concern

The directors have reasonable expectations that the company has adequate resources to continue in operational existence for the foreseeable future.The company therefore continues to adopt the going concern basis in preparing its financial statements.

Cash and cash equivalents

Cash and cash equivalents are basic financial instruments and include cash in hand and deposits held at call with the bank.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 28 December 2023

and 27 December 2024

20,077

DEPRECIATION

At 28 December 2023

19,420

Charge for year

300

At 27 December 2024

19,720

NET BOOK VALUE

At 27 December 2024

357

At 27 December 2023

657

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 28 December 2023

625,000

Disposals

(185,000

)

At 27 December 2024

440,000

NET BOOK VALUE

At 27 December 2024

440,000

At 27 December 2023

625,000

The investment properties fair value was increased to reflect professional valuations received by the company.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Prepayments

854

1,282

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Directors' current accounts

168,127

156,912

Accrued expenses

3,137

5,946

171,264

162,858

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 2-5 years

213,479

364,378

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

213,479

364,378

The bank loans are secured on the assets of the company, namely the properties purchased using the loans.

10.

RESERVES

Fair

value

reserve

£

At 28 December 2023

149,241

Transfer on disposal

(42,124

)

At 27 December 2024

107,117

11.	ULTIMATE CONTROLLING PARTY

The controlling party is A J Pearson.