RML Property Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 07879124

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		540,000		540,000

			540,000		540,000
CURRENT ASSETS
Debtors	5	610		610
Cash at bank and in hand		989		1

		1,599		611
Creditors: Amounts Falling Due Within One Year	6	(67,297 )		(67,167 )

NET CURRENT ASSETS (LIABILITIES)			(65,698 )		(66,556 )

TOTAL ASSETS LESS CURRENT LIABILITIES			474,302		473,444

Creditors: Amounts Falling Due After More Than One Year	7		(376,422 )		(376,422 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(23,108 )		(23,108 )

NET ASSETS			74,772		73,914

CAPITAL AND RESERVES
Called up share capital	8		1,000		1,000
Profit and Loss Account			73,772		72,914

SHAREHOLDERS' FUNDS			74,772		73,914

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RML Property Ltd

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Ryan Richards

Director

30/09/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

RML Property Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07879124 . The registered office is 33, Towpath Way, Croydon, CR0 6BW.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold

Nil

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

4. Tangible Assets

	Land & Property
	Freehold
	£
Cost
As at 1 January 2024	540,000

As at 31 December 2024	540,000

Net Book Value
As at 31 December 2024	540,000

As at 1 January 2024	540,000

Property, Plant and Equipment – Depreciation

The company’s freehold property is carried at cost less any accumulated impairment losses in accordance with FRS 102 Section 17 – Property, Plant and Equipment.

Management has reviewed the carrying amount of the property in comparison with its current market value and has determined that the market value of the property materially exceeds its book value. Consequently, no depreciation has been recognised on the property for the period.

Management will continue to review the property’s carrying amount regularly and will recognise depreciation or impairment if there is an indication that the carrying amount may not be recoverable.

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RML Property Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Debtors

	2024	2023
	£	£
Due within one year
Loan to RML Venture	610	610

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	-	(1 )
Bank loans and overdrafts	-	1,499
Loan from RML Capital	35,144	51,264
Accruals	3,400	2,400
Director's loan account	28,753	12,005

	67,297	67,167

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	376,422	376,422

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1,000	1,000

9. Ultimate Controlling Party

The company's ultimate controlling party is Director / Shareholder by virtue of his ownership of 100% of the issued share capital in the company.

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