REGISTERED NUMBER: 12935324 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 OCTOBER 2025

FOR

RML PROPERTY MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J M Riley

Ms R Lewis

Mr J P Millins

REGISTERED OFFICE:

Croydon Hall

Rodhuish

Minehead

Somerset

TA24 6QT

REGISTERED NUMBER:

12935324 (England and Wales)

ACCOUNTANTS:

Honey Barrett Limited

Chartered Accountants

Pharmacy Chambers

High Street

Wadhurst

East Sussex

TN5 6AP

FIXED ASSETS

Investment property

5

575,000

550,000

CURRENT ASSETS

Debtors

6

4,203

413

Cash at bank

213

1,257

4,416

1,670

CREDITORS

Amounts falling due within one year

7

180,668

166,993

NET CURRENT LIABILITIES

(176,252

)

(165,323

)

TOTAL ASSETS LESS CURRENT LIABILITIES

398,748

384,677

CREDITORS

Amounts falling due after more than one year

8

(359,618

)

(359,618

)

PROVISIONS FOR LIABILITIES

10

(9,848

)

(6,330

)

NET ASSETS

29,282

18,729

CAPITAL AND RESERVES

Called up share capital

11

100

100

Non-distributable reserves

12

59,408

40,658

Retained earnings

(30,226

)

(22,029

)

SHAREHOLDERS' FUNDS

29,282

18,729

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 October 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.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2026 and were signed on its behalf by:

Mr J P Millins - Director

1.	STATUTORY INFORMATION

RML Property Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Investment property

Investment property is shown at the valuation at the balance sheet date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities, like trade and other accounts receivable and payable, loans from banks and other third parties and loans to / from related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the present value of the future cash flows and subsequently measured at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted transaction price less any impairment.

If the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of the estimated cash flows discounted at the asset's original effective rate.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet and measured as detailed above.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Finance costs are charged to the profit and loss over the term of the financial asset / liability using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Going concern

The accounts have been prepared on a going concern basis not withstanding the excess of current liabilities over current assets. However, the liquid assets show that it is not a going concern.

4.	EMPLOYEES AND DIRECTORS

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

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 31 October 2024

550,000

Revaluations

25,000

At 30 October 2025

575,000

NET BOOK VALUE

At 30 October 2025

575,000

At 30 October 2024

550,000

Fair value at 30 October 2025 is represented by:

£

Valuation in 2022

291

Valuation in 2023

105,000

Valuation in 2024

(51,080

)

Valuation in 2025

25,000

Cost

495,789

575,000

The Directors have assessed the value using current market estimates.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

3,603

-

Tax

413

413

Prepayments and accrued income

187

-

4,203

413

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,064

1,568

Amounts owed to group undertakings

-

26,496

Other creditors

-

1,071

Directors current accounts

175,254

136,208

Accruals and deferred income

4,350

1,650

180,668

166,993

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans over 5 years

359,618

359,618

Amounts falling due in more than five years:

Repayable by instalments

Bank loans over 5 years

359,618

359,618

9.	SECURED DEBTS

Charter Court Financial Services Limited created a charge on 7 May 2021 in relation to security over property. This charge remains outstanding at the year end.

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Tax losses carried forward

(9,955

)

(7,223

)

Other timing differences

19,803

13,553

9,848

6,330

Deferred tax

£

Balance at 31 October 2024

6,330

Provided during year

3,518

Balance at 30 October 2025

9,848

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

12.

RESERVES

Non-distributable

reserves

£

At 31 October 2024

40,658

Transfer

18,750

At 30 October 2025

59,408

13.	RELATED PARTY DISCLOSURES

Included in other creditors is a balance of £Nil (2024: £Nil) due to a connected party, who has regular occupation of the investment property.

The individual who occupies the property pays the company the market rate rent.

Included in the other debtors is a balance of £3,603 (2024: £1,071 creditor) due to an associated company in which the directors have interest as both directors and shareholders.

Included in the other creditors is a balance of £Nil (2024: £26,496) due to an associated company in which the directors have interest as both directors and shareholders.

During the year, interest of £10,776 (2024: £3,219) was charged on Director's current account.