Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 13151946 Mr LUKE CACCAVALE Luke Antonio Caccavale true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13151946 2023-03-31 13151946 2024-03-31 13151946 2023-04-01 2024-03-31 13151946 frs-core:CurrentFinancialInstruments 2024-03-31 13151946 frs-core:Non-currentFinancialInstruments 2024-03-31 13151946 frs-core:InvestmentPropertyIncludedWithinPPE 2024-03-31 13151946 frs-core:InvestmentPropertyIncludedWithinPPE 2023-03-31 13151946 frs-core:PlantMachinery 2024-03-31 13151946 frs-core:PlantMachinery 2023-04-01 2024-03-31 13151946 frs-core:PlantMachinery 2023-03-31 13151946 frs-core:ShareCapital 2024-03-31 13151946 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 13151946 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13151946 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 13151946 frs-bus:SmallEntities 2023-04-01 2024-03-31 13151946 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13151946 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13151946 1 2023-04-01 2024-03-31 13151946 frs-bus:Director1 2023-04-01 2024-03-31 13151946 frs-countries:EnglandWales 2023-04-01 2024-03-31 13151946 2022-03-31 13151946 2023-03-31 13151946 2022-04-01 2023-03-31 13151946 frs-core:CurrentFinancialInstruments 2023-03-31 13151946 frs-core:Non-currentFinancialInstruments 2023-03-31 13151946 frs-core:ShareCapital 2023-03-31 13151946 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 13151946
Remington Estates Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
BUTT & CO ACCOUNTANTS LTD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13151946
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 492,034 490,067
492,034 490,067
CURRENT ASSETS
Debtors 5 8,770 1,567
Cash at bank and in hand 9,344 14,287
18,114 15,854
Creditors: Amounts Falling Due Within One Year 6 (949 ) (689 )
NET CURRENT ASSETS (LIABILITIES) 17,165 15,165
TOTAL ASSETS LESS CURRENT LIABILITIES 509,199 505,232
Creditors: Amounts Falling Due After More Than One Year 7 (503,506 ) (503,818 )
NET ASSETS 5,693 1,414
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 5,593 1,314
SHAREHOLDERS' FUNDS 5,693 1,414
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr LUKE CACCAVALE
Director
20/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Remington Estates Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13151946 . The registered office is 54 Venmore Drive, Dunmow, CM16 1HN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the letting of invstment properties.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Reducing Balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad
and doubtful debts.
2.6. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Investment Properties Plant & Machinery Total
£ £ £
Cost
As at 1 April 2023 489,132 1,299 490,431
Additions 2,154 - 2,154
As at 31 March 2024 491,286 1,299 492,585
Depreciation
As at 1 April 2023 - 364 364
Provided during the period - 187 187
As at 31 March 2024 - 551 551
...CONTINUED
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Net Book Value
As at 31 March 2024 491,286 748 492,034
As at 1 April 2023 489,132 935 490,067
The investment properties was purchased on 24 September 2021, 27th May 2022 and 26th July 2022. The fair value of the properties as at 31st March 2023 has been arrived at on the basis of a valuation carried out at that date by Mr Luke Antonio Caccavale, the sole director of the company who is not a professionally qualified valuer. The valuation was arrived at by reference to market evidence of transaction prices for similar properties in its location and takes into account the state of the rental market in the area where the properties are situated. 
The company has allowed a legal charge over the company’s assets, including the investment properties as security for the mortgage loan.
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 8,770 1,567
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other taxes and social security 225 75
Accruals and deferred income 724 614
949 689
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 352,650 352,962
Directors loan account 150,856 150,856
503,506 503,818
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Ultimate Controlling Party
The company's ultimate controlling party is Luke Antonio Caccavale by virtue of his ownership of 100% of the issued share capital in the company.
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