IRIS Accounts Production v24.2.0.383 08065387 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Fair value model Ordinary Shares "A" 1.00000 Ordinary Shares "B" 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh080653872023-03-31080653872024-03-31080653872023-04-012024-03-31080653872022-03-31080653872022-04-012023-03-31080653872023-03-3108065387ns15:EnglandWales2023-04-012024-03-3108065387ns14:PoundSterling2023-04-012024-03-3108065387ns10:Director12023-04-012024-03-3108065387ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3108065387ns10:SmallEntities2023-04-012024-03-3108065387ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3108065387ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3108065387ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3108065387ns10:FullAccounts2023-04-012024-03-3108065387ns10:OrdinaryShareClass12023-04-012024-03-3108065387ns10:OrdinaryShareClass22023-04-012024-03-3108065387ns10:Director22023-04-012024-03-3108065387ns10:RegisteredOffice2023-04-012024-03-3108065387ns5:CurrentFinancialInstruments2024-03-3108065387ns5:CurrentFinancialInstruments2023-03-3108065387ns5:Non-currentFinancialInstruments2024-03-3108065387ns5:Non-currentFinancialInstruments2023-03-3108065387ns5:ShareCapital2024-03-3108065387ns5:ShareCapital2023-03-3108065387ns5:FurtherSpecificReserve3ComponentTotalEquity2024-03-3108065387ns5:FurtherSpecificReserve3ComponentTotalEquity2023-03-3108065387ns5:RetainedEarningsAccumulatedLosses2024-03-3108065387ns5:RetainedEarningsAccumulatedLosses2023-03-3108065387ns5:MotorVehicles2023-04-012024-03-3108065387ns5:MotorVehicles2024-03-3108065387ns5:DeferredTaxation2023-03-3108065387ns5:DeferredTaxation2023-04-012024-03-3108065387ns5:DeferredTaxation2024-03-3108065387ns10:OrdinaryShareClass12024-03-3108065387ns10:OrdinaryShareClass22024-03-3108065387ns5:FurtherSpecificReserve3ComponentTotalEquity2023-03-31
REGISTERED NUMBER: 08065387 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

REALMCREST LIMITED

REALMCREST LIMITED (REGISTERED NUMBER: 08065387)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REALMCREST LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr O Kehoe
Mrs M Kehoe





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 08065387 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

REALMCREST LIMITED (REGISTERED NUMBER: 08065387)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,899 -
Investment property 5 10,110,163 8,368,004
10,142,062 8,368,004

CURRENT ASSETS
Debtors 6 4,122,172 1,668,321
Investments 7 12,638,873 7,926,938
Cash at bank 64,171 138,009
16,825,216 9,733,268
CREDITORS
Amounts falling due within one year 8 4,918,177 957,123
NET CURRENT ASSETS 11,907,039 8,776,145
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,049,101

17,144,149

CREDITORS
Amounts falling due after more than one
year

9

(16,746,901

)

(13,795,974

)

PROVISIONS FOR LIABILITIES 11 (304,083 ) (17,321 )
NET ASSETS 4,998,117 3,330,854

CAPITAL AND RESERVES
Called up share capital 12 100 100
Fair value reserve 13 1,148,498 593,263
Retained earnings 3,849,519 2,737,491
SHAREHOLDERS' FUNDS 4,998,117 3,330,854

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

REALMCREST LIMITED (REGISTERED NUMBER: 08065387)

BALANCE SHEET - continued
31 MARCH 2024


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 5 September 2024 and were signed on its behalf by:





Mr O Kehoe - Director


REALMCREST LIMITED (REGISTERED NUMBER: 08065387)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Realmcrest Limited 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents amounts derived from rents charged to tenants during the year, and is recognised at the date the rental period occurred.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is valued at the current fair value. Any gains or losses are taken directly to the profit and loss in the year.

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 2 (2023 - 3 ) .

REALMCREST LIMITED (REGISTERED NUMBER: 08065387)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
Additions 35,438
At 31 March 2024 35,438
DEPRECIATION
Charge for year 3,539
At 31 March 2024 3,539
NET BOOK VALUE
At 31 March 2024 31,899

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 8,368,004
Additions 900,163
Revaluations 841,996
At 31 March 2024 10,110,163
NET BOOK VALUE
At 31 March 2024 10,110,163
At 31 March 2023 8,368,004

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2018 3,148,943
Valuation in 2019 (2,538,361 )
Valuation in 2024 841,996
Cost 8,657,585
10,110,163

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Related companies 4,122,172 1,668,321

REALMCREST LIMITED (REGISTERED NUMBER: 08065387)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CURRENT ASSET INVESTMENTS
31.3.24 31.3.23
£    £   
Investments 12,638,573 7,926,738
Shares in subsidiaries 300 200
12,638,873 7,926,938

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Related companies 2,336,395 -
Tax 343,857 204,722
Directors' current accounts 2,223,525 738,001
Accrued expenses 14,400 14,400
4,918,177 957,123

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Other loans (see note 10) 13,292,932 13,795,974
Loan 3,453,969 -
16,746,901 13,795,974

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 13,292,932 13,795,974

10. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Other loans more 5yrs instal 13,292,932 13,795,974

11. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 304,083 17,321

REALMCREST LIMITED (REGISTERED NUMBER: 08065387)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 17,321
Provided during year 286,762
Balance at 31 March 2024 304,083

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2 Ordinary Shares "A" 1 2 2
98 Ordinary Shares "B" 1 98 98
100 100

13. RESERVES
Fair
value
reserve
£   
At 1 April 2023 593,263
Fair value transfer 555,235

At 31 March 2024 1,148,498