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REGISTERED NUMBER: 12509604 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

REALTY 2 VENTURE LTD

REALTY 2 VENTURE LTD (Registered number: 12509604)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


REALTY 2 VENTURE LTD

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr S Jenny
Mr J N Nseula





REGISTERED OFFICE: 5 Bede House
Saxon Close
Surbiton
Surrey
KT6 6BP





REGISTERED NUMBER: 12509604 (England and Wales)






REALTY 2 VENTURE LTD (Registered number: 12509604)

Balance Sheet
31 December 2023

31.12.23 31.12.22
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 136,019 136,524
Investments 5 271,124 28,333
407,143 164,857

CURRENT ASSETS
Debtors 6 22,880 27,540
Cash at bank and in hand 790 25,475
23,670 53,015
CREDITORS
Amounts falling due within one year 7 429,863 207,828
NET CURRENT LIABILITIES (406,193 ) (154,813 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

950

10,044

CAPITAL AND RESERVES
Called up share capital 12 12
Retained earnings 938 10,032
SHAREHOLDERS' FUNDS 950 10,044

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 9 April 2024 and were signed on its behalf by:



Mr S Jenny - Director


REALTY 2 VENTURE LTD (Registered number: 12509604)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

REALTY 2 VENTURE LTD 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 20% on reducing balance

Investments in associates
Investments in associate undertakings are recognised at cost.

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 NIL (2022 - NIL).

REALTY 2 VENTURE LTD (Registered number: 12509604)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 133,995 3,952 137,947
DEPRECIATION
At 1 January 2023 - 1,423 1,423
Charge for year - 505 505
At 31 December 2023 - 1,928 1,928
NET BOOK VALUE
At 31 December 2023 133,995 2,024 136,019
At 31 December 2022 133,995 2,529 136,524

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 January 2023 28,333
Additions 242,791
At 31 December 2023 271,124
NET BOOK VALUE
At 31 December 2023 271,124
At 31 December 2022 28,333

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
as restated
£    £   
Other debtors 22,880 27,540

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
as restated
£    £   
Trade creditors 2 1
Amounts owed to associates 236,356 106,204
Taxation and social security - 7,465
Other creditors 193,505 94,158
429,863 207,828