Real Estate Finance Partners Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06747107 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Real Estate Finance Partners Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

T Welsh

REGISTERED OFFICE:

39 Long Acre

London

WC2E 9LG

REGISTERED NUMBER:

06747107 (England and Wales)

ACCOUNTANTS:

We`ll Mind Your Own Business LTD

39 Long Acre

London

WC2E 9LG

FIXED ASSETS

Tangible assets

4

332

443

CURRENT ASSETS

Debtors

5

74,263

83,475

Cash in hand

117,711

179,448

191,974

262,923

CREDITORS

Amounts falling due within one year

6

900

3,630

NET CURRENT ASSETS

191,074

259,293

TOTAL ASSETS LESS CURRENT LIABILITIES

191,406

259,736

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

191,306

259,636

SHAREHOLDERS' FUNDS

191,406

259,736

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 15 November 2019 and were signed by:

T Welsh - Director

1.	STATUTORY INFORMATION

Real Estate Finance Partners 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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

-

25% on reducing balance

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2018

and 31 March 2019

1,513

DEPRECIATION

At 1 April 2018

1,070

Charge for year

111

At 31 March 2019

1,181

NET BOOK VALUE

At 31 March 2019

332

At 31 March 2018

443

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

73,000

75,000

Directors' loan accounts

690

6,352

Tax

-

2,123

Prepayments

573

-

74,263

83,475

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade creditors

-

1,979

Social security and other taxes

-

750

Accrued expenses

900

901

900

3,630

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended

31 March 2019 and 31 March 2018:

31.3.19

31.3.18

£

£

T Welsh

Balance outstanding at start of year

6,352

(2,845

)

Amounts advanced

4,477

42,298

Amounts repaid

(10,139

)

(33,101

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

690

6,352

At the beginning of the year the directors owed the company £6,352. During the year the

company advanced the director and director incurred expenses on behalf of the company. At

the year end the balance of £690 was due from the director. The loan was repaid during the

period of 9 months after the year end.