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REGISTERED NUMBER: 11797289 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

REAL ASSET GROUP LTD.

REAL ASSET GROUP LTD. (REGISTERED NUMBER: 11797289)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REAL ASSET GROUP LTD.

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTOR: J A Troostwyk





REGISTERED OFFICE: 15 Hanover Square
London
W1S 1HS





REGISTERED NUMBER: 11797289 (England and Wales)





ACCOUNTANTS: Vera Group Ltd
15 Hanover Square
London
W1S 1HS

REAL ASSET GROUP LTD. (REGISTERED NUMBER: 11797289)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 5 37,432 78,164
Cash at bank and in hand 7,861 115,443
45,293 193,607
CREDITORS
Amounts falling due within one year 6 143,093 141,631
NET CURRENT (LIABILITIES)/ASSETS (97,800 ) 51,976
TOTAL ASSETS LESS CURRENT
LIABILITIES

(97,800

)

51,976

CREDITORS
Amounts falling due after more than one
year

7

24,161

34,093
NET (LIABILITIES)/ASSETS (121,961 ) 17,883

CAPITAL AND RESERVES
Called up share capital 1,858,401 1,858,401
Retained earnings (1,980,362 ) (1,840,518 )
(121,961 ) 17,883

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 director acknowledges his 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.

REAL ASSET GROUP LTD. (REGISTERED NUMBER: 11797289)

BALANCE SHEET - continued
31 December 2023


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 director and authorised for issue on 18 September 2024 and were signed by:





J A Troostwyk - Director


REAL ASSET GROUP LTD. (REGISTERED NUMBER: 11797289)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Real Asset Group 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.

Going concern
The financial statements have been prepared on the going concern basis. At the balance sheet date the company has net current liabilities. The director is of the opinion that the shareholder of the company will support it, and provide adequate funding necessary to enable it to meet its obligations for the foreseeable future, being for period of at least twelve months from the date of the financial statements.

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 each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 1 ).

REAL ASSET GROUP LTD. (REGISTERED NUMBER: 11797289)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 608
DEPRECIATION
At 1 January 2023
and 31 December 2023 608
NET BOOK VALUE
At 31 December 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 13,841 12,627
Amounts owed by group undertakings - 46,714
Other debtors 23,591 18,823
37,432 78,164

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,932 9,687
Trade creditors 62,616 109,348
Amounts owed to group undertakings 36,583 -
VAT - 908
Other creditors 10,371 -
Pension control - 239
Accruals and deferred income 13,841 -
Accrued expenses 9,750 21,449
143,093 141,631

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 2-5 years 24,161 34,093