REGISTERED NUMBER: SC565074 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

RM & JM PROPERTIES LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J A Russell

Mrs M Russell

R P Russell

Mrs M M Russell

REGISTERED OFFICE:

Suite 4.5 Turnberry House

175 West George Street

Glasgow

G2 2LB

REGISTERED NUMBER:

SC565074 (Scotland)

ACCOUNTANTS:

SD Business Management

Suite 4.5 Turnberry House

175 West George Street

Glasgow

G2 2LB

FIXED ASSETS

Investment property

4

140,000

235,000

CURRENT ASSETS

Stocks

194,483

-

Debtors

25,123

195,150

Cash at bank

109,914

54,928

329,520

250,078

CREDITORS

Amounts falling due within one year

263,682

144,251

NET CURRENT ASSETS

65,838

105,827

TOTAL ASSETS LESS CURRENT LIABILITIES

205,838

340,827

PROVISIONS FOR LIABILITIES

4,750

5,877

NET ASSETS

201,088

334,950

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

201,084

334,946

SHAREHOLDERS' FUNDS

201,088

334,950

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 31 December 2025 and were signed on its behalf by:

Mrs M M Russell - Director

Mrs M Russell - Director

R P Russell - Director

J A Russell - Director

1.	STATUTORY INFORMATION

RM & JM Properties Ltd is a private company, limited by shares , registered in Scotland. 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 as modified by the revaluation of certain assets.

Turnover

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

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Properties

The company's properties are held for long term investment and in accordance with FRS 102 Section 16.

i) Investment properties are revalued annually and the aggregate surplus or deficit is transferred to the profit & loss as a non-distributable reserve; and

ii) No depreciation or amortisation is provided in respect of investment properties.

Included in the Retained Earnings is a non-distributable reserve of £20,250 (2024: £25,053).

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

235,000

Disposals

(89,070

)

Revaluations

(5,930

)

At 31 March 2025

140,000

NET BOOK VALUE

At 31 March 2025

140,000

At 31 March 2024

235,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2024

30,930

Valuation in 2025

(5,930

)

Cost

115,000

140,000

If properties had not been revalued they would have been included at the following historical cost:

31.3.25

31.3.24

£

£

Cost

115,000

204,070

Aggregate depreciation

(40,250

)

(47,861

)

The investment properties were valued on an open market basis on 31 March 2025 by the directors .

Deferred tax has been provided for should the investment properties be realised at the revalued amount.