R.& M. Property Investments Limited - Accounts to registrar (filleted) - small 18.2

Unaudited Financial Statements for the Year Ended 31 December 2019

for

R.& M. Property Investments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Certified Accountants' Report

6

DIRECTORS:

R D Brayshaw

M Hill

SECRETARY:

R D Brayshaw

REGISTERED OFFICE:

Seymour Chambers

92 London Road

Liverpool

Merseyside

L3 5NW

REGISTERED NUMBER:

04991597 (England and Wales)

ACCOUNTANTS:

Douglas Fairless Partnership

Seymour Chambers

92 London Road

Liverpool

Merseyside

L3 5NW

FIXED ASSETS

Investment property

4

1,778,000

1,778,000

CURRENT ASSETS

Debtors

5

55,196

54,322

Cash at bank

30,108

26,781

85,304

81,103

CREDITORS

Amounts falling due within one year

6

6,594

6,627

NET CURRENT ASSETS

78,710

74,476

TOTAL ASSETS LESS CURRENT LIABILITIES

1,856,710

1,852,476

CREDITORS

Amounts falling due after more than one year

7

(1,591,423

)

(1,592,205

)

PROVISIONS FOR LIABILITIES

(26,799

)

(26,799

)

NET ASSETS

238,488

233,472

CAPITAL AND RESERVES

Called up share capital

100

100

Non-Dist Retained Earning

9

114,247

114,247

Retained earnings

9

124,141

119,125

SHAREHOLDERS' FUNDS

238,488

233,472

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2020 and were signed on its behalf by:

M Hill - Director

1.	STATUTORY INFORMATION

R.& M. Property Investments 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.	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

The turnover in the profit & loss account represents revenue recognised on rents received on a cash or credit basis during the period exclusive of value added tax.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2019

and 31 December 2019

1,778,000

NET BOOK VALUE

At 31 December 2019

1,778,000

At 31 December 2018

1,778,000

Fair value at 31 December 2019 is represented by:

£

Valuation in 2016

141,047

Cost

1,636,953

1,778,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Directors' current accounts

35,851

34,977

Corporation tax

19,345

19,345

55,196

54,322

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Corporation taxation

1,176

2,965

Other creditors

3,351

1,667

Accrued expenses

2,067

1,995

6,594

6,627

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.19

31.12.18

£

£

Bank loans more 5 yrs non-inst

1,591,423

1,592,205

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

1,591,423

1,592,205

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.19

31.12.18

£

£

Bank loans

1,591,423

1,592,205

Paragon Mortgages Limited have a charge over 22 canning road southport t/no MS288216.

Mortgage Express have a charge over 5 nelson street southport merseyside t/no MS457332.

Paragon Mortgages Limited have a charge over 33 somerset street sunderland tyne and wear.

Paragon mortgages Limited have a charge over The property k/a 9 arnside road, southport.

Mortgage express have a charge over 120 roker street sunderland tyne & wear.

Paragon Mortgages Limited have a charge over 43 sheppherd terrace castletown sunderland.

Paragon Mortgages Limited have a charge over 41 sheppherd terrace castletown sunderland.

Capital Home Loans Limited have a charge over 4 mordey close, hendon, sunderland.

Capital Home Loans Limited have a charge over 31 tower street west, hendon, sunderland, tyne and wear.

Capital Home Loans Limited have a charge over 86, neville road, sunderland.

Capital Home Loans Limited have a charge over The property k/a 4 hyde street, hendon, sunderland.

Capital Home Loans Limited have a charge over 108 canon cockin street sunderland.

Capital Home Loans Limited have a charge over 83 leonard street hendon SR2 8QE.

Capital Home Loans Limited have a charge over 24 canon cockin street sunderland.

Capital Home Loans Limited have a charge over 42 cairo street sundeland.

Capital Home Loans Limited have a charge over 31/32 somerset street silkworth sunderland.

Mortgage Express have a charge over 47 west street southport merseyside.

Mortgage Express have a charge over 32 gordon street southport merseyside.

9.

RESERVES

Non-Dist

Retained

Retained

earnings

Earning

Totals

£

£

£

At 1 January 2019

119,125

114,247

233,372

Profit for the year

5,016

5,016

At 31 December 2019

124,141

114,247

238,388

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2019 and 31 December 2018:

31.12.19

31.12.18

£

£

R D Brayshaw

Balance outstanding at start of year

8,835

28,287

Amounts advanced

221

548

Amounts repaid

-

(20,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,056

8,835

M Hill

Balance outstanding at start of year

26,142

45,089

Amounts advanced

654

1,053

Amounts repaid

-

(20,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

26,796

26,142

The loans to the Director's are unsecured and repayable on demand, interest has been charged at a rate of 2.5% on the average loan balance due from the director's.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of R.& M. Property Investments Limited for the year ended 31 December 2019 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of R.& M. Property Investments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of R.& M. Property Investments Limited and state those matters that we have agreed to state to the Board of Directors of R.& M. Property Investments Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that R.& M. Property Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of R.& M. Property Investments Limited. You consider that R.& M. Property Investments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of R.& M. Property Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Douglas Fairless Partnership

Seymour Chambers

92 London Road

Liverpool

Merseyside

L3 5NW

Date: .............................................