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REGISTERED NUMBER: 06454105 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

RITZ ESTATES LIMITED

RITZ ESTATES LIMITED (REGISTERED NUMBER: 06454105)






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


RITZ ESTATES LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: C Panayiotou
Ms M Panayiotou



SECRETARY: C Panayiotou



REGISTERED OFFICE: South Point House
321 Chase Road
Southgate
London
N14 6JT



REGISTERED NUMBER: 06454105 (England and Wales)



ACCOUNTANTS: Jeffrey C C Hoong FCCA
Hoong & Company
7 Lorian Close
Woodside Park
London
N12 7DW



BANKERS: NatWest Bank Plc
Southgate Branch
12 The Broadway
Southgate
London
N14 6QF

RITZ ESTATES LIMITED (REGISTERED NUMBER: 06454105)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 585,000 585,000

CURRENT ASSETS
Cash at bank 88,793 99,285

CREDITORS
Amounts falling due within one year 5 10,891 13,477
NET CURRENT ASSETS 77,902 85,808
TOTAL ASSETS LESS CURRENT LIABILITIES 662,902 670,808

CREDITORS
Amounts falling due after more than one year 6 637,222 680,011
NET ASSETS/(LIABILITIES) 25,680 (9,203 )

CAPITAL AND RESERVES
Called up share capital 7 8 8
Retained earnings 8 25,672 (9,211 )
SHAREHOLDERS' FUNDS 25,680 (9,203 )

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 12 September 2024 and were signed on its behalf by:





Ms M Panayiotou - Director


RITZ ESTATES LIMITED (REGISTERED NUMBER: 06454105)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Ritz Estates 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 rents received from the lessees.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 January 2023
and 31 December 2023 585,000
NET BOOK VALUE
At 31 December 2023 585,000
At 31 December 2022 585,000

Cost or valuation at 31 December 2023 is represented by:
£   
Valuation in 2018 (548,600 )
Cost 1,133,600
585,000

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 1,133,600 1,133,600

Investment property was valued on an open market basis on 31 December 2018 by the director .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 8,183 8,031
VAT 2,228 4,966
Accrued expenses 480 480
10,891 13,477

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 637,222 680,011

RITZ ESTATES LIMITED (REGISTERED NUMBER: 06454105)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
7 Ordinary £1 8 8

8. RESERVES
Retained
earnings
£   

At 1 January 2023 (9,211 )
Profit for the year 34,883
At 31 December 2023 25,672