1 January 2023 v2024.10.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwaretruetruetruetrueNo description of principal activityfalsexbrli:purexbrli:sharesiso4217:GBP137768852023-01-012024-02-04137768852024-02-0413776885bus:Director12023-01-012024-02-0413776885bus:RegisteredOffice2023-01-012024-02-04137768852022-12-3113776885core:WithinOneYear2024-02-0413776885core:WithinOneYear2022-12-3113776885core:ShareCapital2024-02-0413776885core:ShareCapital2022-12-3113776885core:ShareCapital2021-12-012022-12-3113776885core:ShareCapital2023-01-011377688512023-01-012024-02-0413776885countries:EnglandWales2023-01-012024-02-0413776885bus:AuditExemptWithAccountantsReport2023-01-012024-02-0413776885bus:PrivateLimitedCompanyLtd2023-01-012024-02-0413776885bus:SmallEntities2023-01-012024-02-0413776885bus:FullAccounts2023-01-012024-02-04
Company registration number:
13776885
NETM Real Estate Ltd
Unaudited Financial Statements for the period ended
4 February 2024
NETM Real Estate Ltd
Officers and Professional Advisers
Period ended
4 February 2024
Director
N Taylor
Registered office
Marsland Chambers
1a Marsland Road
Sale Moor
Cheshire
M33 3HP
United Kingdom
Accountant
A&C Chartered Accountants
Marsland Chambers
1a Marsland Road
Sale Moor
Cheshire
M33 3HP
United Kingdom
NETM Real Estate Ltd
Director's Report
Period ended
4 February 2024
The director presents the report and the unaudited
financial statements
of the company for the period from 1 January 2023 to 4 February 2024.
The company has been dormant as defined in section 1169 of the Companies Act 2006 throughout the period. It is anticipated that the company will remain dormant for the foreseeable future.

Directors

The director who served the company during the period was as follows:
N Taylor

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on
29 March 2024
and signed on behalf of the board by:
N Taylor
Director
NETM Real Estate Ltd
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of NETM Real Estate Ltd
Period ended
4 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements
of
NETM Real Estate Ltd
for the period ended
4 February 2024
which comprise the statement of financial position, statement of changes in equity and related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/​regulations.
This report is made solely to the Board of Directors of
NETM Real Estate Ltd
, as a body. Our work has been undertaken solely to prepare for your approval the
financial statements
of
NETM Real Estate Ltd
and state those matters that we have agreed to state to the Board of Directors of
NETM Real Estate Ltd
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
NETM Real Estate Ltd
and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that
NETM Real Estate Ltd
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
NETM Real Estate Ltd
. You consider that
NETM Real Estate Ltd
is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of NETM Real Estate Ltd. 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.
A&C Chartered Accountants
Marsland Chambers
1a Marsland Road
Sale Moor
Cheshire
M33 3HP
United Kingdom
NETM Real Estate Ltd
Statement of Financial Position
4 February 2024
4 Feb 202431 Dec 2022
Note££
Current assets    
Debtors 4
658
 
1,263
 
Cash at bank and in hand -  
3,817
 
658
 
5,080
 
Creditors: amounts falling due within one year 5
(578
)
(5,000
)
Net current assets
80
 
80
 
Total assets less current liabilities 80   80  
Capital and reserves    
Called up share capital
80
 
80
 
Profit and loss account -   -  
Shareholders funds
80
 
80
 
The company did not trade during the current period and has not made either a profit or a loss.
For the period ending
4 February 2024
, the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
financial statements
have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
These
financial statements
were approved by the board of directors and authorised for issue on
29 March 2024
, and are signed on behalf of the board by:
N Taylor
Director
Company registration number:
13776885
NETM Real Estate Ltd
Statement of Changes in Equity
Period ended
4 February 2024
Called up share capital
£
At 1 December 2021 -  
Profit for the period- 
Total comprehensive income for the period- 
Issue of shares
80
 
Total investments by and distributions to owners
80
 
At 31 December 2022 and 
1 January 2023
80
 
Profit for the period- 
Total comprehensive income for the period- 
At
4 February 2024
80
 
NETM Real Estate Ltd
Notes to the Financial Statements
Period ended
4 February 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Marsland Chambers
,
1a Marsland Road
,
Sale Moor
,
Cheshire
,
M33 3HP
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Income Statement

The company is dormant as defined in section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current period or comparative period and therefore no income statement is presented within these financial statements.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4 Debtors

4 Feb 202431 Dec 2022
££
Other debtors
658
 
1,263
 

5 Creditors: amounts falling due within one year

4 Feb 202431 Dec 2022
££
Other creditors
578
 
5,000
 

6 Controlling party

During the period ended 4 February 2024, the director, N Taylor, controlled the company by virtue of a controlling interest of 100% of the issued ordinary share capital.