Realmbeck limited
Realmbeck limited
Registered number: 05939491
Unaudited Financial Statements
For The Year Ended 31 March 2018
Root Accountants Ltd
Realmbeck limited
Unaudited Financial Statements
For The Year Ended 31 March 2018
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—7 |
Realmbeck limited
Balance Sheet
As at
31 March 2018
Balance Sheet
Registered number:
05939491
For the year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2018 | 2017 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 6 |
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| Investments | 7 |
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| CURRENT ASSETS | |||||
| Debtors | 8 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 9 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 10 |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 11 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 317,247 | 185,123 | |||
Page 1
Realmbeck limited
Balance Sheet (continued)
As at
31 March 2018
Directors' responsibilities:
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The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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The notes on pages 3 to 7 form part of these financial statements.
Page 2
Realmbeck limited
Notes to the Financial Statements
For The Year Ended 31 March 2018
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Plant & Machinery |
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1.4.
Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
1.5.
Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
1.6.
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
Income on the investments is included as Share of partnership trading profits as provided per the Investments tax returns.
3.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
| 2018 | 2017 | ||
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| Office and administration |
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| Sales, marketing and distribution |
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Page 3
Realmbeck limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2018
6.
Tangible Assets
| Plant & Machinery | |
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| £ | |
| Cost | |
| As at |
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| As at |
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| Depreciation | |
| As at |
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| Provided during the period |
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| As at |
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| Net Book Value | |
| As at |
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| As at |
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7.
Investments
| Unlisted | |
|---|---|
| £ | |
| Cost | |
| As at |
1,192,081 |
| Additions | 303,702 |
| Disposals | (1,083,792) |
| As at |
411,991 |
| Provision | |
| As at |
- |
| As at |
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| Net Book Value | |
| As at |
411,991 |
| As at |
1,192,081 |
Holdings of more than 20%
The company holds more than 20% of the share of the capital of the following partnerships and Limited companies;
Participating interest Country of Incorporations Interest held in capital
Bootham Develiopments LLP England and Wales Members Interest 50%
Slingsby Development LLP England and Wales Members Interest 28%
Crescent Developments (York) Ltd England and Wales 26.7% Ordinary shares
Malton Road Developments Ltd England and Wales 20% Ordinary shares
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Realmbeck limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2018
Micklegate Developments Ltd England and Wales 25% Ordinary shares
York West Developments Ltd Englanf and Wales 24.5% Ordinary shares
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows;
Capital and Profit(loss) reserves for year to 31st March 2018
Bootham Developments LLP ( Buying, selling and development of property) - Capital & reserves £733,641
Profts for year £ 312,972
Slingsby Developments LLP (Property development) - Capital & reserves £ 296,845 Profit for year £208,521
Malton Road Developments Ltd (Property development)- Capital & reserves £70 (Loss) for the year (£930)
York West Developments Ltd (Property development)- Capital & reserves (£-963) (Loss) for the year (£965)
Capital and Profit (Loss) reserves for the year to 31st December 2018
Micklegate Developments Ltd and Crescent Developments (York) Ltd first year ends are 31st December 2018, and no accounts are currently available for these.
8.
Debtors
| 2018 | 2017 | ||
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| £ | £ | ||
| Due within one year | |||
| Prepayments and accrued income |
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| Amounts owed by joint-ventures |
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The Joint ventures are loans to other businesses and interest is charged on these at Market rates. The interest is accured over the term of the loan and is included in other interest receivable in the profit and loss account.
9.
Creditors: Amounts Falling Due Within One Year
| 2018 | 2017 | ||
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| £ | £ | ||
| Other taxes and social security |
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| Other creditors |
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| Accruals and deferred income |
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| Directors' loan accounts |
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Page 5
Realmbeck limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2018
10.
Creditors: Amounts Falling Due After More Than One Year
| 2018 | 2017 | ||
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| £ | £ | ||
| Directors loan account |
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Realmbeck limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2018
12.
Related Party Transactions
Bootham Developments LLP
The company is a 50% Corporate partner of Bootham Developments LLP
Turnover includes £156,486 (2017 £28,203) profit share from the LLP. At the year end £314,392 (2017 £157,906) is owed to this company from Bootham Developments LLP which is included within debtors.
Malton Road Developments Ltd
The company is a 20% Corporate shareholder of Malton Road Developments Ltd
Included in other interest receviable is £24,946 (2017 £318). This is payable on the loan in other debtors of £330,000 (2017 £110,000).
Crescent Developments (York) Ltd
The Company is a 26.7% Corporate shareholder in Crescent Developments (York) Ltd
Included in other debtors is £190,000 (2017 nil) owed by Crescent Developments (York) Ltd to Realmbeck Ltd
Slingsby Development LLP
The Company is a 28% Corporate partner of Slingsby Development LLP
Turnover includes £57,927 (2017 £48,474) profit share from the LLP. At the year end there is no amount owing to this company (2017 Creditor £48,863).
Micklegate Developments Ltd
The Company is a 25% Corporate shareholder of Micklegate Developments Ltd
Included in other debtors is £275,000 (2017 nil) owed by Micklegate Developments Ltd to Realmbeck Ltd
York West Developments Ltd
The Company is a 24.5% Corporate shareholder in York West Developments Ltd
Included in other debtors is £215,649 (2017 nil) owed by York West Development Ltd to Realmbeck Ltd
13.
Ultimate Controlling Party
The company's ultimate controlling party is Iain Leedham, a director of Realmbeck Ltd.
14.
General Information
Realmbeck limited is a private company, limited by shares, incorporated in England & Wales, registered number 05939491 . The registered office is Field House, Providence Farm, Low Crankley, York, YO61 3NY.
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