Real Property (UK) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06486683 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2018

for

REAL PROPERTY (UK) LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Accountants' Report

6

DIRECTORS:

P S Million

Ms J Mortimer

REGISTERED OFFICE:

65 Duke Street

Darlington

Co. Durham

DL3 7SD

REGISTERED NUMBER:

06486683 (England and Wales)

ACCOUNTANTS:

Mitchell Gordon LLP

43 Coniscliffe Road

Darlington

Co. Durham

DL3 7EH

FIXED ASSETS

Investment property

4

133,029

-

CURRENT ASSETS

Debtors

42,152

41,945

Cash at bank and in hand

2,508

8,539

44,660

50,484

CREDITORS

Amounts falling due within one year

126,990

44,651

NET CURRENT (LIABILITIES)/ASSETS

(82,330

)

5,833

TOTAL ASSETS LESS CURRENT LIABILITIES

50,699

5,833

PROVISIONS FOR LIABILITIES

8,590

-

NET ASSETS

42,109

5,833

CAPITAL AND RESERVES

Called up share capital

200

200

Revaluation reserve

5

41,410

-

Retained earnings

499

5,633

SHAREHOLDERS' FUNDS

42,109

5,833

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

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 on 20th December 2018 and were signed on its behalf by:

P S Million - Director

1.	STATUTORY INFORMATION

Real Property (UK) 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 as modified by the revaluation of certain assets.

The financial statements have been prepared on the going concern basis.

Turnover

Turnover represents net invoiced rental income, excluding value added tax.

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 2 (2017 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

83,029

Revaluations

50,000

At 31st March 2018

133,029

NET BOOK VALUE

At 31st March 2018

133,029

Fair value at 31st March 2018 is represented by:

£

Valuation in 2018

50,000

Cost

83,029

133,029

Investment property was valued on a fair value basis on 31st March 2018 by the Directors .

5.

RESERVES

Revaluation

reserve

£

Transfer of investment

property revaluation

41,410

At 31st March 2018

41,410

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The Directors loan account was overdrawn by a maximum amount of £1,067 during the year.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary

statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Real Property (UK) Limited for the year ended 31st March 2018 which comprise the Abridged

Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Real Property (UK) Limited, as a body, in accordance with the terms of our engagement letter dated 6th December 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Real Property (UK) Limited and state those matters that we have agreed to state to the Board of Directors of Real Property (UK) Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Real Property (UK) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Real Property (UK) Limited. You consider that Real Property (UK) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Real Property (UK) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Mitchell Gordon LLP

43 Coniscliffe Road

Darlington

Co. Durham

DL3 7EH

20th December 2018