Realtreat Limited - Accounts to registrar (filleted) - small 18.2

Realtreat Limited - Accounts to registrar (filleted) - small 18.2

REALTREAT LIMITED - Company Information

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REGISTERED NUMBER: 01420109 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2019

FOR

REALTREAT LIMITED
REALTREAT LIMITED (REGISTERED NUMBER: 01420109)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REALTREAT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2019







DIRECTORS: R A Sharp
Mrs M J Sharp





SECRETARY: Mrs M J Sharp





REGISTERED OFFICE: 2 Petyt Place
London
SW3 5DJ





REGISTERED NUMBER: 01420109 (England and Wales)





ACCOUNTANTS: Geo. Little, Sebire & Co.
Oliver House
23 Windmill Hill
Enfield
EN2 7AB
Page 1
REALTREAT LIMITED (REGISTERED NUMBER: 01420109)

BALANCE SHEET
31 JULY 2019

31.7.19 31.7.18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,087 1,449
Investments 5 603,908 603,908
Investment property 6 3,550,000 3,550,000
4,154,995 4,155,357

CURRENT ASSETS
Debtors 7 7,524 20,337
Cash at bank 49,402 59,688
56,926 80,025
CREDITORS
Amounts falling due within one year 8 1,619,899 1,641,588
NET CURRENT LIABILITIES (1,562,973 ) (1,561,563 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,592,022
2,593,794

PROVISIONS FOR LIABILITIES 256,938 256,938
NET ASSETS 2,335,084 2,336,856

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 1,869,540 1,869,540
Retained earnings 465,444 467,216
2,335,084 2,336,856

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 notes form part of these financial statements

Page 2 continued...
REALTREAT LIMITED (REGISTERED NUMBER: 01420109)

BALANCE SHEET - continued
31 JULY 2019


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 August 2020 and were
signed on its behalf by:





R A Sharp - Director


The notes form part of these financial statements

Page 3
REALTREAT LIMITED (REGISTERED NUMBER: 01420109)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2019

1. STATUTORY INFORMATION

Realtreat 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
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.

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).

Page 4 continued...
REALTREAT LIMITED (REGISTERED NUMBER: 01420109)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2019

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2018
and 31 July 2019 30,139
DEPRECIATION
At 1 August 2018 28,690
Charge for year 362
At 31 July 2019 29,052
NET BOOK VALUE
At 31 July 2019 1,087
At 31 July 2018 1,449

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 August 2018
and 31 July 2019 603,908
NET BOOK VALUE
At 31 July 2019 603,908
At 31 July 2018 603,908

The investment consists of the cost of shares in a UK company Gough Square Investments Ltd, representing
100% holding. Gough Square Investments Ltd made a profit after tax for the year of £63,221 (2018: £34,183)
and had net assets at 31.7.2019 of £2,508,568 (2018: £2,445,347). Consolidated accounts have not been
prepared as the directors are of the opinion that The Companies Act 2006 permits exemption.

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2018
and 31 July 2019 3,550,000
NET BOOK VALUE
At 31 July 2019 3,550,000
At 31 July 2018 3,550,000

Page 5 continued...
REALTREAT LIMITED (REGISTERED NUMBER: 01420109)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2019

6. INVESTMENT PROPERTY - continued

Fair value at 31 July 2019 is represented by:

£   
Valuation in 2017 140,000
Cost 3,410,000
3,550,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.19 31.7.18
£    £   
Trade debtors 4,650 17,500
Other debtors 2,874 2,837
7,524 20,337

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.19 31.7.18
£    £   
Taxation and social security 11,398 13,106
Other creditors 1,608,501 1,628,482
1,619,899 1,641,588

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.19 31.7.18
£    £   
Secured bank loan 2,440,000 2,480,000

The company is party to the bank loan of the subsidiary company which was £2,440,000 at 31.7.2019
(£2,480,000 at 31.7.2018), repayable partially over the period to 28.11.2019 when the balance of £2,430,000 is
repayable. The bank loan is secured by mortgage charges on the company's investment properties included at the
market value of £3,550,000 at 31.7.2019 (£3,550,000 at 31.7.2018). Interest on the bank loan is at 4.31% pa
fixed until 28.11.2019, and £44,666 of interest has been apportioned and recharged from the subsidiary company
in the year (2018, £45,500).

Page 6