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

REGISTERED NUMBER: 09489538 (England and Wales)

Financial Statements for the Year Ended 31 March 2020

for

Real Estate View Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R M Bolton

Mr W M Bolton

REGISTERED OFFICE:

2 Adelaide Street

St Albans

Hertfordshire

AL3 5BH

REGISTERED NUMBER:

09489538 (England and Wales)

ACCOUNTANTS:

Visionary Accountants

2 Adelaide Street

St Albans

Hertfordshire

AL3 5BH

FIXED ASSETS

Tangible assets

4

1,280

783

CURRENT ASSETS

Stocks

39,261

36,261

Debtors

5

279

4,472

Cash at bank

301

5,439

39,841

46,172

CREDITORS

Amounts falling due within one year

6

7,812

1,449

NET CURRENT ASSETS

32,029

44,723

TOTAL ASSETS LESS CURRENT LIABILITIES

33,309

45,506

CREDITORS

Amounts falling due after more than one year

7

98,886

96,006

NET LIABILITIES

(65,577

)

(50,500

)

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

(65,581

)

(50,504

)

SHAREHOLDERS' FUNDS

(65,577

)

(50,500

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 19 November 2020 and were signed on its behalf by:

Mr R M Bolton - Director

Mr W M Bolton - Director

1.	STATUTORY INFORMATION

Real Estate View 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.

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

-

33% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2019

3,883

Additions

1,577

At 31 March 2020

5,460

DEPRECIATION

At 1 April 2019

3,100

Charge for year

1,080

At 31 March 2020

4,180

NET BOOK VALUE

At 31 March 2020

1,280

At 31 March 2019

783

5.

DEBTORS

31.3.20

31.3.19

£

£

Amounts falling due within one year:

Other debtors

275

4,468

Amounts falling due after more than one year:

Other debtors

4

4

Aggregate amounts

279

4,472

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade creditors

549

-

Other creditors

7,263

1,449

7,812

1,449

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.20

31.3.19

£

£

Other creditors

98,886

96,006

8.	RELATED PARTY DISCLOSURES

During the year Mr R Bolton held a loan account with the company. At the year end Mr R Bolton owed the company

£2,481 (2019 - £3,614). The loan is unsecured and repayable on demand.

During the year Mr W Bolton held a loan account with the company. At the year end Mr W Bolton was owed £2,935

(2019 - £2,727) by the company. This loan was interest free, unsecured and repayable on demand.

During the year RB 2015 Holdings Limited (A company in which Mr R Bolton is a director and shareholder) had a

loan outstanding with Real Estate View Limited. At the year end Real Estate View Limited owed RB 2015 Holdings

Limited £98,886 (2019 - £96,006) This loan is unsecured, repayable on demand and interest is charged at 5% of

which £2,880 (2019 - £2,528) was charged in the year.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party rests with the directors of the company.