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 2018

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

443

24,642

CURRENT ASSETS

Debtors

5

83,475

-

Cash in hand

179,448

416,838

262,923

416,838

CREDITORS

Amounts falling due within one year

6

3,630

19,467

NET CURRENT ASSETS

259,293

397,371

TOTAL ASSETS LESS CURRENT LIABILITIES

259,736

422,013

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

259,636

421,913

SHAREHOLDERS' FUNDS

259,736

422,013

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 July 2018 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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

Motor vehicles

-

33% on cost

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 4 (2017 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2017

1,513

36,077

37,590

Disposals

-

(23,049

)

(23,049

)

At 31 March 2018

1,513

13,028

14,541

DEPRECIATION

At 1 April 2017

922

12,026

12,948

Charge for year

148

1,002

1,150

At 31 March 2018

1,070

13,028

14,098

NET BOOK VALUE

At 31 March 2018

443

-

443

At 31 March 2017

591

24,051

24,642

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

75,000

-

Directors' loan accounts

6,352

-

Tax

2,123

-

83,475

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade creditors

1,979

-

Tax

-

2,123

Social security and other taxes

751

599

Directors' loan accounts

-

15,745

Accrued expenses

900

1,000

3,630

19,467

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31 March 2018 and 31 March 2017:

31.3.18

31.3.17

£

£

T Welsh

Balance outstanding at start of year

(2,845

)

212,919

Amounts advanced

42,298

275,983

Amounts repaid

(33,101

)

(491,747

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

6,352

(2,845

)

At the beginning of the year company owed the director £2,845. During the year the

company gave another loan to the director and director incurred expenses on behalf of the

company. At the year end the balance of £6,352 was due from the director.The loan was

repaid on 30th April 2018 and incurred 8% interest.