RGB Property Management Ltd - Filleted accounts

Registered number

13220996

(England & Wales)

RGB Property Management Ltd

Filleted Accounts

31 March 2026

RGB Property Management Ltd
Registered number:		13220996
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		1,362,000			1,362,000

Current assets
Debtors	4	42,991			37,381
Cash at bank and in hand		43,043			18,440
		86,034			55,821

Creditors: amounts falling due within one year	5	(296,585)			(90,190)

Net current liabilities			(210,551)			(34,369)

Total assets less current liabilities			1,151,449			1,327,631

Creditors: amounts falling due after more than one year	6		(859,481)			(1,121,490)



Net assets			291,968			206,141

Capital and reserves
Called up share capital			100			100
Profit and loss account			291,868			206,041

Shareholder's funds			291,968			206,141

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Salim Musa
Director
Approved by the board on 25 August 2026

RGB Property Management Ltd
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A 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. 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 tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees		2026		2025
Number				Number

	Average number of persons employed by the company		0		0


3	Tangible fixed assets
					Land and buildings
£
	Cost
	At 1 April 2025				1,362,000
	At 31 March 2026				1,362,000

	Depreciation
	At 31 March 2026				-

	Net book value
	At 31 March 2026				1,362,000
	At 31 March 2025				1,362,000


4	Debtors		2026		2025
£				£

	Trade debtors		42,991		37,381


5	Creditors: amounts falling due within one year		2026		2025
£				£

	Bank loans and overdrafts		224,986		40,465
	Trade creditors		978		-
	Taxation and social security costs		45,630		35,840
	Other creditors		19,991		9,885
	Accruals and deferred income		5,000		4,000
			296,585		90,190


6	Creditors: amounts falling due after one year		2026		2025
£				£

	Bank loans		190,702		402,711
	Other loans		668,779		718,779
			859,481		1,121,490

	Included in other loans is £390,045 (2025: 390,045) owed to the ultimate parent company New River Group Ltd. Also included in other loans is £178,735 (2025: £178,735) owed to Zainab Kazie, who owns 25% shares in the parent company MNM Property Management Ltd. DHP Property Managment Ltd, a wholly owned subsidiary of MNM Property Management Ltd is owed £80,000 (2025: £130,000). MNM Property Management Ltd, the parent company is owed £20,000 (2025: £20,000). The loans are unsecured and interest free.


7	Loans		2026		2025
£				£
	Creditors include:
	Instalments falling due for payment after more than five years		190,701		240,489


	Secured bank loans		415,687		443,176

	The bank loans are secured by way of fixed and floating charges on the company's properties.


8	Controlling party

	The parent company is MNM Property Management Limited, registered office address: 252 Garstang Road, Preston, Lancashire, PR2 9QB. The ultimate parent company is New River Group Ltd, registered office address: Caroline House, 125 Bradshaw Gate, Bolton, Lancashire, BL2 1BJ.


9	Other information

	RGB Property Management Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Caroline House
	125 Bradshawgate
	Bolton
	Lancashire
	BL2 1BJ