Revel Property Management Ltd 06670040 false 2022-09-01 2023-08-31 2023-08-31 The principal activity of the company is that of real estate agency Digita Accounts Production Advanced 6.30.9574.0 true 06670040 2022-09-01 2023-08-31 06670040 2023-08-31 06670040 core:RetainedEarningsAccumulatedLosses 2023-08-31 06670040 core:ShareCapital 2023-08-31 06670040 core:CurrentFinancialInstruments 2023-08-31 06670040 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 06670040 core:FurnitureFittingsToolsEquipment 2023-08-31 06670040 bus:SmallEntities 2022-09-01 2023-08-31 06670040 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 06670040 bus:FilletedAccounts 2022-09-01 2023-08-31 06670040 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 06670040 bus:RegisteredOffice 2022-09-01 2023-08-31 06670040 bus:Director2 2022-09-01 2023-08-31 06670040 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 06670040 core:FurnitureFittingsToolsEquipment 2022-09-01 2023-08-31 06670040 core:OfficeEquipment 2022-09-01 2023-08-31 06670040 countries:EnglandWales 2022-09-01 2023-08-31 06670040 2022-08-31 06670040 core:FurnitureFittingsToolsEquipment 2022-08-31 06670040 2021-09-01 2022-08-31 06670040 2022-08-31 06670040 core:RetainedEarningsAccumulatedLosses 2022-08-31 06670040 core:ShareCapital 2022-08-31 06670040 core:CurrentFinancialInstruments 2022-08-31 06670040 core:CurrentFinancialInstruments core:WithinOneYear 2022-08-31 06670040 core:FurnitureFittingsToolsEquipment 2022-08-31 iso4217:GBP xbrli:pure

Registration number: 06670040

Revel Property Management Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2023

 

Revel Property Management Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Revel Property Management Ltd

Company Information

Director

Mr M Boneh

Registered office

34 West End Lane
West Hampstead
London
NW6 4PA

Accountants

Affinity Associates (Flemmings) Limited
(Trading as Flemmings)
Chartered Accountants
76 Canterbury Road
Surrey
Croydon
CR0 3HA

 

Revel Property Management Ltd

(Registration number: 06670040)
Balance Sheet as at 31 August 2023

Note

2023
£

2022
£

           

Fixed assets

   

 

Tangible assets

4

 

17

 

297

Current assets

   

 

Debtors

5

1,495

 

2,244

 

Cash at bank and in hand

 

34,941

 

27,082

 

 

36,436

 

29,326

 

Creditors: Amounts falling due within one year

6

(6,266)

 

(5,176)

 

Net current assets

   

30,170

 

24,150

Total assets less current liabilities

   

30,187

 

24,447

Provisions for liabilities

 

(3)

 

(56)

Net assets

   

30,184

 

24,391

Capital and reserves

   

 

Called up share capital

100

 

100

 

Profit and loss account

30,084

 

24,291

 

Total equity

   

30,184

 

24,391

For the financial year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 3 April 2024
 

.........................................
Mr M Boneh
Director

   
     
 

Revel Property Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
34 West End Lane
West Hampstead
London
NW6 4PA
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Pound Sterling, which is the functional currency of the company.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts.

The company recognises revenue when:
i. The amount of revenue can be reliably measured;
ii. it is probable that future economic benefits will flow to the entity;
iii. and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Revel Property Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

25% Straight Line Method

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Revel Property Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 September 2022

3,359

3,359

At 31 August 2023

3,359

3,359

Depreciation

At 1 September 2022

3,063

3,063

Charge for the year

279

279

At 31 August 2023

3,342

3,342

Carrying amount

At 31 August 2023

17

17

At 31 August 2022

297

297

5

Debtors

2023
£

2022
£

Trade debtors

1,495

2,244

 

1,495

2,244

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Corporation tax

 

5,705

5,116

Directors' current accounts

7

51

60

Accruals and deferred income

 

510

-

 

6,266

5,176

 

Revel Property Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

7

Related party transactions

Other transactions with directors

During the year the company made the following related party transactions:

Mr M Boneh (Director and Shareholder)

During the year the company paid a dividend to Mr M Boneh amounting to £18,300 (2022 - £7,600).

At the balance sheet date the amount due to Mr M Boneh was £51 (2022 - £60).