REGISTERED NUMBER: NI072934 (Northern Ireland)

Financial Statements for the Year Ended 31 December 2024

for

RM Properties Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M Monaghan

Mrs R Monaghan

SECRETARY:

Mrs R Monaghan

REGISTERED OFFICE:

7 Church Road

Ederney

Co. Fermanagh

BT93 0AR

REGISTERED NUMBER:

NI072934 (Northern Ireland)

ACCOUNTANTS:

Tyrone Accountancy Services

8-10 Church Street

Omagh

Co. Tyrone

BT78 1DG

FIXED ASSETS

Intangible assets

4

90,000

90,000

Tangible assets

5

318,052

314,440

Investments

6

358,368

-

766,420

404,440

CURRENT ASSETS

Stocks

83,297

81,941

Debtors

7

45,410

66,312

Cash at bank and in hand

271,093

401,510

399,800

549,763

CREDITORS

Amounts falling due within one year

8

161,905

245,114

NET CURRENT ASSETS

237,895

304,649

TOTAL ASSETS LESS CURRENT LIABILITIES

1,004,315

709,089

CREDITORS

Amounts falling due after more than one year

9

(357,633

)

(76,271

)

PROVISIONS FOR LIABILITIES

(8,426

)

(6,407

)

NET ASSETS

638,256

626,411

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

638,254

626,409

638,256

626,411

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

Mr M Monaghan - Director

1.	STATUTORY INFORMATION

RM Properties Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

The intangible fixed asset is not depreciated and the directors consider that the carrying value is still the market value.

Tangible fixed assets

Tangible fixed assets are originally stated at cost and are subsequently carried at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes any costs directly attributable to making the asset capable of operating as intended.

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

Buildings - 2% on straight line

Plant and machinery - 20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 27 (2023 - 23 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

90,000

NET BOOK VALUE

At 31 December 2024

90,000

At 31 December 2023

90,000

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

351,000

182,388

533,388

Additions

-

27,250

27,250

At 31 December 2024

351,000

209,638

560,638

DEPRECIATION

At 1 January 2024

92,400

126,548

218,948

Charge for year

7,020

16,618

23,638

At 31 December 2024

99,420

143,166

242,586

NET BOOK VALUE

At 31 December 2024

251,580

66,472

318,052

At 31 December 2023

258,600

55,840

314,440

6.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

31.12.24

31.12.23

£

£

Investment property

358,368

-

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

3,110

2,183

Other debtors

42,300

64,129

45,410

66,312

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

110,615

118,007

Taxation and social security

23,573

47,452

Other creditors

27,717

79,655

161,905

245,114

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Other creditors

357,633

76,271