Real-Estate Rentals Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 06570207 (England and Wales)

Financial Statements

for the Year Ended 31 July 2022

for

REAL-ESTATE RENTALS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N G Guppy

Mrs F Guppy

REGISTERED OFFICE:

12 Heath Lawn

Catisfield

Fareham

Hampshire

PO15 5QB

REGISTERED NUMBER:

06570207 (England and Wales)

ACCOUNTANTS:

Hunter Simmons Ltd

EMP Building

Unit 1, 4 Solent Road

Havant

Portsmouth

Hampshire

PO9 1JH

FIXED ASSETS

Tangible assets

4

735,255

735,255

CURRENT ASSETS

Stocks

410,019

215,562

Debtors

5

1,658

2,997

Cash at bank and in hand

22

394

411,699

218,953

CREDITORS

Amounts falling due within one year

6

244,235

259,299

NET CURRENT ASSETS/(LIABILITIES)

167,464

(40,346

)

TOTAL ASSETS LESS CURRENT LIABILITIES

902,719

694,909

CREDITORS

Amounts falling due after more than one year

7

639,606

442,327

NET ASSETS

263,113

252,582

CAPITAL AND RESERVES

Called up share capital

139,378

25,120

Retained earnings

123,735

227,462

SHAREHOLDERS' FUNDS

263,113

252,582

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 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 30 April 2024 and were signed on its behalf by:

Mrs F Guppy - Director

1.	STATUTORY INFORMATION

Real-Estate Rentals 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

Going concern

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.

The company's accounts have been prepared on the going concern basis that the company will continue to trade. The directors have guaranteed their support to the company and will not enforce repayment of their directors' loans in the foreseeable future.

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.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 3 (2021 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 August 2021

and 31 July 2022

735,000

255

735,255

NET BOOK VALUE

At 31 July 2022

735,000

255

735,255

At 31 July 2021

735,000

255

735,255

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

417

833

Other debtors

1,241

2,164

1,658

2,997

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

10,405

26,718

Taxation and social security

24,238

14,069

Other creditors

209,592

218,512

244,235

259,299

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

639,606

442,327

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by its directors, who between them own 100% of the company's share capital.