Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-3102022-06-01falseletting and operating of leased real estate.0truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00435309 2021-06-01 2022-05-31 00435309 2022-05-31 00435309 c:Director1 2022-06-01 2023-05-31 00435309 d:FurnitureFittings 2023-05-31 00435309 d:FurnitureFittings 2022-05-31 00435309 d:LeaseholdInvestmentProperty 2023-05-31 00435309 d:LeaseholdInvestmentProperty 2022-05-31 00435309 d:CurrentFinancialInstruments 2023-05-31 00435309 d:CurrentFinancialInstruments 2022-05-31 00435309 d:Non-currentFinancialInstruments 2023-05-31 00435309 d:Non-currentFinancialInstruments 2022-05-31 00435309 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 00435309 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 00435309 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 00435309 d:Non-currentFinancialInstruments d:AfterOneYear 2022-05-31 00435309 d:ShareCapital 2023-05-31 00435309 d:ShareCapital 2022-05-31 00435309 d:RetainedEarningsAccumulatedLosses 2023-05-31 00435309 d:RetainedEarningsAccumulatedLosses 2022-05-31 00435309 c:FRS102 2022-06-01 2023-05-31 00435309 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 00435309 c:FullAccounts 2022-06-01 2023-05-31 00435309 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 00435309 2022-06-01 2023-05-31 00435309 2023-05-31 iso4217:GBP xbrli:pure
Registered number: 00435309













Reial Property Investments Limited

Financial statements
Information for filing with the registrar

31 May 2023




 
Reial Property Investments Limited


Balance sheet
At 31 May 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 6 
2,025,939
2,025,939

  
2,025,939
2,025,939

Current assets
  

Debtors
 7 
5,205
4,615

Bank and cash balances
  
8,332
45,048

  
13,537
49,663

Creditors: amounts falling due within one year
 8 
(140,905)
(203,571)

Net current liabilities
  
 
 
(127,368)
 
 
(153,908)

Total assets less current liabilities
  
1,898,571
1,872,031

Creditors: amounts falling due after more than one year
 9 
(134,907)
(167,551)

  

Net assets
  
1,763,664
1,704,480


Capital and reserves
  

Called up share capital 
  
3,800
3,800

Profit and loss account
  
1,759,864
1,700,680

Shareholders' funds
  
1,763,664
1,704,480

1

 
Reial Property Investments Limited

    
Balance sheet (continued)
At 31 May 2023

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 February 2024.


Mr N B Ellis
Director

Company registered number: 00435309
The notes on pages 3 to 6 form part of these financial statements.
2

 
Reial Property Investments Limited
 
 

Notes to the financial statements
Year ended 31 May 2023

1.


General information

Reial Property Investments Limited ("the company") is a private company limited by shares, incorporated and domiciled in the United Kingdom. The address of the registered office is 3rd Floor, Citygate, St James' Boulevard, Newcastle upon Tyne, NE1 4JE.

2.


Statement of compliance

The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' ('FRS 102') and the Companies Act 2006.

3.Accounting policies

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 periods presented, unless otherwise stated. 

 
3.1

Basis of preparation of financial statements

The financial statements are prepared on a going concern basis and under the historical cost convention. They are presented in pounds sterling and rounded to the nearest pound.

 
3.2

Revenue recognition

Turnover comprises gross rental income receivable from tenants during the year, plus insurance recharges to tenants.  Invoiced turnover that relates to future periods is held on the balance sheet as deferred income.  Rent increases arising from rent reviews are taken into account as they fall due.  

  
3.3

Tangible fixed assets

Tangible fixed assets are stated at cost, less accumulated depreciation and accumulated impairment losses.
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost less estimated residual value of fixed assets over their expected useful lives as follows: 
  Fixtures and fittings  - 4 years straight line

  
3.4

Investment property

Investment properties are measured at fair value at each reporting date, with any changes in fair value recognised in the profit and loss account.  Investment properties are not depreciated. 

  
3.5

Financial instruments

Bank loans are measured initially at the transaction price and thereafter at amortised cost using the effective interest method.  
All other debt financial instruments, including trade creditors, accruals and bank current account balances are measured initially and subsequently at the transaction price.

3

 
Reial Property Investments Limited
 

 
Notes to the financial statements
Year ended 31 May 2023

3.Accounting policies (continued)

 
3.6

Taxation

The taxation expense for the year comprises current and deferred tax and is recognised in the profit and loss account except to the extent that it relates to items recognised in other comprehensive income, or directly in equity, in which case the tax expense is also recognised in other comprehensive income or directly in equity. 
Current tax is the amount of income tax payable in respect of the taxable profit for the current or past reporting periods. It is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods, and arises from ‘timing differences’ (where transactions or events are included in the financial statements in periods different from those in which they are assessed for tax).  Deferred tax is recognised in respect of all timing differences, except that 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.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of the timing differences.

  
3.7

Dividends

Dividends and other distributions to the company’s members are recognised when they become legally payable.


4.


Employees

The company had no employees, other than the director, during the current or prior year.

4

 
Reial Property Investments Limited
 
 

Notes to the financial statements
Year ended 31 May 2023

5.


Tangible fixed assets





Fixtures and fittings

£



Cost


At 1 June 2022
24,840



At 31 May 2023

24,840



Depreciation


At 1 June 2022
24,840



At 31 May 2023

24,840



Net book value



At 31 May 2023
-



At 31 May 2022
-


6.


Investment property


Freehold investment property

£



Valuation


At 1 June 2022
2,025,939



At 31 May 2023
2,025,939


The 2023 valuations were made by the director, on an open market for existing use basis. 



5

 
Reial Property Investments Limited
 
 

Notes to the financial statements
Year ended 31 May 2023

7.


Debtors

2023
2022
£
£


Prepayments and accrued income
5,205
4,615

5,205
4,615



8.


Creditors: amounts falling due within one year

2023
2022
£
£

Bank loans
44,158
116,958

Trade creditors
-
3,960

Corporation tax
49,955
42,876

Other creditors
4,785
353

Accruals and deferred income
42,007
39,424

140,905
203,571





9.


Creditors: amounts falling due after more than one year

2023
2022
£
£

Bank loans
134,907
167,551

134,907
167,551



10.


Loans

The bank loans are secured by fixed charges over the company's investment properties.  One bank loan is repayable by quarterly installments over 7 years, commencing October 2015, the other by monthly installments over 7 years, commencing October 2015.  
During prior periods the company was granted capital repayment holidays for each of the bank loans. Repayment for one loan recommenced in January 2021 and the other in July 2021.
 
6