REGISTERED NUMBER: SC565074 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2026

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

Tangible assets

4

49,000

-

Investment property

5

640,735

140,000

689,735

140,000

CURRENT ASSETS

Stocks

154,934

194,483

Debtors

89,103

25,123

Cash at bank

318,298

109,914

562,335

329,520

CREDITORS

Amounts falling due within one year

963,912

263,682

NET CURRENT (LIABILITIES)/ASSETS

(401,577

)

65,838

TOTAL ASSETS LESS CURRENT LIABILITIES

288,158

205,838

PROVISIONS FOR LIABILITIES

14,820

4,750

NET ASSETS

273,338

201,088

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

273,334

201,084

SHAREHOLDERS' FUNDS

273,338

201,088

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 2026 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 9 August 2026 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.

In accordance with their responsibilities as directors, the directors have considered the appropriateness of the going concern basis for the preparation of the financial statements.

Turnover

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

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

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 £23,490 (2025: £20,250).

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

Additions

49,000

At 31 March 2026

49,000

NET BOOK VALUE

At 31 March 2026

49,000

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

140,000

Additions

496,735

Revaluations

4,000

At 31 March 2026

640,735

NET BOOK VALUE

At 31 March 2026

640,735

At 31 March 2025

140,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2024

30,930

Valuation in 2025

(5,930

)

Valuation in 2026

4,000

Cost

611,735

640,735

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