Company registration number 09417700 (England and Wales)
RMG LEASING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
PAGES FOR FILING WITH REGISTRAR
RMG LEASING LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
RMG LEASING LIMITED
BALANCE SHEET
AS AT 28 FEBRUARY 2025
28 February 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
123,614
135,905
Investments
5
95
95
123,709
136,000
Current assets
Debtors
6
118,213
82,695
Creditors: amounts falling due within one year
7
(238,216)
(212,118)
Net current liabilities
(120,003)
(129,423)
Net assets
3,706
6,577
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
3,606
6,477
Total equity
3,706
6,577
RMG LEASING LIMITED
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2025
28 February 2025
- 2 -

For the financial year ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has 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 13 November 2025
Mr R M Gilbert
Director
Company registration number 09417700 (England and Wales)
RMG LEASING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 3 -
1
Accounting policies
Company information

RMG Leasing Limited is a private company limited by shares incorporated in England and Wales. The registered office is Tagus House, 9 Ocean Way, Southampton, Hampshire, United Kingdom, SO14 3TJ.

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 a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for rent provided in the normal course of business. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Leasehold
5% straight line
Plant and machinery
25% reducing balance
Fixtures, fittings & equipment
15% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

RMG LEASING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 4 -

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets. A provision is made for any impairment loss and taken to the profit and loss account.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company only enters into Basic financial instrument transactions.

Financial instruments are recognised in the company's balance sheet 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 debtors and cash and bank balances, are initially measured 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 rate of interest.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares 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 paymen ts discounted at a market rate of interest.

1.8
Equity instruments

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

1.9
Taxation

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

Current tax

The current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

RMG LEASING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in the tax assessments.

Unrelieved tax losses and other 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.

The company's liability for current and deferred tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is 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 and other factors that are considered to be 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 in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
RMG LEASING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 6 -
4
Tangible fixed assets
Land and buildings Leasehold
Plant and machinery
Fixtures, fittings & equipment
Total
£
£
£
£
Cost
At 29 February 2024 and 28 February 2025
203,752
6,173
48,742
258,667
Depreciation and impairment
At 29 February 2024
81,502
5,625
35,635
122,762
Depreciation charged in the year
10,188
137
1,966
12,291
At 28 February 2025
91,690
5,762
37,601
135,053
Carrying amount
At 28 February 2025
112,062
411
11,141
123,614
At 28 February 2024
122,250
548
13,107
135,905
5
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
95
95
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
118,213
82,695
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
1,968
960
Corporation tax
216
-
0
Other taxation and social security
5,250
-
0
Other creditors
229,702
210,150
Accruals and deferred income
1,080
1,008
238,216
212,118
RMG LEASING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 7 -
8
Related party transactions

Cafe Parfait South Limited

Majority-owned subsidiary.

At the balance sheet date included in debtors is an amount of £118,213 (2024: £82,695) due from the subsidiary.

9
Directors' transactions

At the balance sheet date included in creditors is an amount due to the director, Mr R M Gilbert of £229,702 (2024: £210,150).

Interest of 12% was included on the loan in the year.

2025-02-28 2024-02-29 false false false 13 November 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr R M Gilbert 09417700 2024-02-29 2025-02-28 09417700 2025-02-28 09417700 2024-02-28 09417700 core:PlantMachinery 2025-02-28 09417700 core:FurnitureFittings 2025-02-28 09417700 core:LandBuildings 2024-02-28 09417700 core:PlantMachinery 2024-02-28 09417700 core:FurnitureFittings 2024-02-28 09417700 core:WithinOneYear 2025-02-28 09417700 core:WithinOneYear 2024-02-28 09417700 core:CurrentFinancialInstruments 2025-02-28 09417700 core:CurrentFinancialInstruments 2024-02-28 09417700 core:ShareCapital 2025-02-28 09417700 core:ShareCapital 2024-02-28 09417700 core:RetainedEarningsAccumulatedLosses 2025-02-28 09417700 core:RetainedEarningsAccumulatedLosses 2024-02-28 09417700 bus:Director1 2024-02-29 2025-02-28 09417700 core:LandBuildings core:LongLeaseholdAssets 2024-02-29 2025-02-28 09417700 core:PlantMachinery 2024-02-29 2025-02-28 09417700 core:FurnitureFittings 2024-02-29 2025-02-28 09417700 2023-03-01 2024-02-28 09417700 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-02-28 09417700 core:PlantMachinery 2024-02-28 09417700 core:FurnitureFittings 2024-02-28 09417700 2024-02-28 09417700 core:LandBuildings core:LeasedAssetsHeldAsLessee 2025-02-28 09417700 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-02-29 2025-02-28 09417700 bus:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 09417700 bus:SmallCompaniesRegimeForAccounts 2024-02-29 2025-02-28 09417700 bus:FRS102 2024-02-29 2025-02-28 09417700 bus:AuditExemptWithAccountantsReport 2024-02-29 2025-02-28 09417700 bus:FullAccounts 2024-02-29 2025-02-28 xbrli:pure xbrli:shares iso4217:GBP