RMSS PROPERTY LTD


Directors	SAMRA, Baljeet Singh
	SAMRA, Guljeet


Registered Address	34 Abbey Avenue
	St. Albans
	AL3 4AZ


Registered Number	14817825 (England and Wales)

Balance Sheet as at
30 April 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Investment property	3		520,000		373,593
			520,000		373,593
Current assets
Debtors	4	425		-
Cash at bank and on hand		3,680		204
		4,105		204
Creditors amounts falling due within one year	5	(9,708)		(6,584)
Net current assets (liabilities)			(5,603)		(6,380)
Total assets less current liabilities			514,397		367,213
Creditors amounts falling due after one year	6		(365,653)		(365,684)
Net assets			148,744		1,529
Capital and reserves
Called up share capital			2		2
Profit and loss account			148,742		1,527
Shareholders' funds			148,744		1,529

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 1 January 2026, and are signed on its behalf by:

SAMRA, Baljeet Singh
Director
Registered Company No. 14817825

RMSS PROPERTY LTD

Notes to the Financial Statements
for the year ended 30 April 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	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 letting of properties.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Investment property
	Investment properties are properties held to earn rental income and/or for capital appreciation. Investment properties are initially recognised at cost, including directly attributable transaction costs. Subsequent to initial recognition, investment properties are measured at fair value at each reporting date. Fair value is determined based on management’s assessment, taking into account recent market conditions, comparable property transactions, and specific factors relating to the property, such as current tenancy arrangements, condition, and location. Where appropriate, management refers to external market data and other available evidence to support its assessment. Formal external valuations are not obtained annually unless deemed necessary due to significant changes in market conditions or property-specific events. Changes in fair value are recognised in the profit and loss account in the period in which they arise.

Investment property

Investment properties are properties held to earn rental income and/or for capital appreciation. Investment properties are initially recognised at cost, including directly attributable transaction costs.

Subsequent to initial recognition, investment properties are measured at fair value at each reporting date. Fair value is determined based on management’s assessment, taking into account recent market conditions, comparable property transactions, and specific factors relating to the property, such as current tenancy arrangements, condition, and location.

Where appropriate, management refers to external market data and other available evidence to support its assessment. Formal external valuations are not obtained annually unless deemed necessary due to significant changes in market conditions or property-specific events.

Changes in fair value are recognised in the profit and loss account in the period in which they arise.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Investment property


		£
	Fair value at 01 May 24	373,593
	Fair value adjustments	146,407
	At 30 April 25	520,000

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Prepayments and accrued income	425	-
Total	425	-

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Taxation and social security	278	358
Other creditors	8,530	5,326
Accrued liabilities and deferred income	900	900
Total	9,708	6,584

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	365,653	365,684
Total	365,653	365,684


	Included in other creditors is an interest-only mortgage totaling £365,653 (2024: £365,685). The loan is secured, and interest at 5.13% is payable. The loan is repayable in 23 years and 3 months.

7.	Related party transactions
	During the year, the Company received a loan of £3,204 from a Director. At the balance sheet date, the Company owed £8,530 (2024: £5,326) to the Director and this amount is included within other creditors. The loan is unsecured, interest free and repayable on demand.