IRIS Accounts Production v24.3.0.553 13828285 Board of Directors 1.2.23 31.1.24 31.1.24 0 0 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh138282852023-01-31138282852024-01-31138282852023-02-012024-01-31138282852022-01-03138282852022-01-042023-01-31138282852023-01-3113828285ns15:EnglandWales2023-02-012024-01-3113828285ns14:PoundSterling2023-02-012024-01-3113828285ns10:Director12023-02-012024-01-3113828285ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3113828285ns10:SmallEntities2023-02-012024-01-3113828285ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3113828285ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3113828285ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3113828285ns10:AbridgedAccounts2023-02-012024-01-3113828285ns10:OrdinaryShareClass12023-02-012024-01-3113828285ns10:Director22023-02-012024-01-3113828285ns10:RegisteredOffice2023-02-012024-01-3113828285ns5:CurrentFinancialInstruments2024-01-3113828285ns5:CurrentFinancialInstruments2023-01-3113828285ns5:Non-currentFinancialInstruments2024-01-3113828285ns5:Non-currentFinancialInstruments2023-01-3113828285ns5:ShareCapital2024-01-3113828285ns5:ShareCapital2023-01-3113828285ns5:RevaluationReserve2024-01-3113828285ns5:RevaluationReserve2023-01-3113828285ns5:RetainedEarningsAccumulatedLosses2024-01-3113828285ns5:RetainedEarningsAccumulatedLosses2023-01-3113828285ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3113828285ns5:WithinOneYearns5:CurrentFinancialInstruments2023-01-3113828285ns5:Secured2024-01-3113828285ns5:Secured2023-01-3113828285ns10:OrdinaryShareClass12024-01-31
REGISTERED NUMBER: 13828285 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Realto Holdings Limited

Realto Holdings Limited (Registered number: 13828285)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Realto Holdings Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mrs S E Holder
M D Holder





REGISTERED OFFICE: 14, The Oaks
Clews Road
Redditch
Worcestershire
B98 7ST





REGISTERED NUMBER: 13828285 (England and Wales)





ACCOUNTANTS: Davies Archytas Accountants Ltd
14 The Oaks
Clews Road
Redditch
Worcestershire
B98 7ST

Realto Holdings Limited (Registered number: 13828285)

Abridged Statement of Financial Position
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,850,000 834,817

CURRENT ASSETS
Cash at bank 9,045 319

CREDITORS
Amounts falling due within one year 183,102 836,699
NET CURRENT LIABILITIES (174,057 ) (836,380 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,675,943

(1,563

)

CREDITORS
Amounts falling due after more than one year 5 (807,975 ) -

PROVISIONS FOR LIABILITIES (206,090 ) -
NET ASSETS/(LIABILITIES) 661,878 (1,563 )

CAPITAL AND RESERVES
Called up share capital 8 2 2
Fair value reserve 9 618,269 -
Retained earnings 43,607 (1,565 )
SHAREHOLDERS' FUNDS 661,878 (1,563 )

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

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

Realto Holdings Limited (Registered number: 13828285)

Abridged Statement of Financial Position - continued
31 January 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 16 October 2024 and were signed on its behalf by:





M D Holder - Director


Realto Holdings Limited (Registered number: 13828285)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Realto Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Investment property
Investment property is shown at the most recent valuation and the revaluation of investment property has been considered for the year ended 31 January 2024.

Current market conditions indicate that the total property held has a fair value of £1,850,000.

Any revaluation adjustments in the year have been reflected in the profit and loss account and fair value reserve accordingly.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Realto Holdings Limited (Registered number: 13828285)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 834,817
Additions 172,825
Revaluations 842,358
At 31 January 2024 1,850,000
NET BOOK VALUE
At 31 January 2024 1,850,000
At 31 January 2023 834,817

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2024 842,358
Cost 1,007,642
1,850,000

If land and buildings had not been revalued they would have been included at the following historical cost:

31.1.24 31.1.23
£    £   
Cost 1,007,642 -

Land and buildings were valued on a fair value basis on 31 January 2024 by comparing local property valuations .

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.1.24 31.1.23
£    £   
Repayable by instalments
Bank loans more than 5 years
by instalments 807,975 -
807,975 -

6. LOANS

An analysis of the maturity of loans is given below:

31.1.24 31.1.23
£    £   
Amounts falling due within one year or on demand:
Bank loans - 406,700

Realto Holdings Limited (Registered number: 13828285)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. LOANS - continued
31.1.24 31.1.23
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more than 5 years
by instalments 807,975 -
807,975 -

7. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Bank loans 807,975 406,700

The property held within investment property is secured by way of fixed and floating charges held over the property.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
2 Ordinary £1 2 2

9. RESERVES
Fair
value
reserve
£   
Transfer to fair value reserve 618,269

At 31 January 2024 618,269

10. RELATED PARTY DISCLOSURES

The directors and controlling parties, M D Holder and Mrs S E Holder are also the sole directors and controlling parties of Avonside Homes Limited.

During the year development costs amounting to £102,460 (2023: £435,000) were incurred by Avonside Homes Limited in relation to work carried out on the property held in investment property.

At the statement of financial position date within creditors is a balance amounting to £43,860 (2023: £Nil) due to Avonside Homes Limited from the company.

Realto Holdings Limited (Registered number: 13828285)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

11. CONTROLLING PARTY

The controlling parties are the directors by virtue of their ownership of 100% of the issued share capital in the company.