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No description of principal activity
2023-01-01
Sage Accounts Production Advanced 2023 - FRS102_2023
xbrli:pure
xbrli:shares
iso4217:GBP
04849232
2023-01-01
2023-12-31
04849232
2023-12-31
04849232
2022-12-31
04849232
2022-01-01
2022-12-31
04849232
2022-12-31
04849232
2021-12-31
04849232
bus:Director1
2023-01-01
2023-12-31
04849232
core:WithinOneYear
2023-12-31
04849232
core:WithinOneYear
2022-12-31
04849232
core:ShareCapital
2023-12-31
04849232
core:ShareCapital
2022-12-31
04849232
core:RetainedEarningsAccumulatedLosses
2023-12-31
04849232
core:RetainedEarningsAccumulatedLosses
2022-12-31
04849232
bus:SmallEntities
2023-01-01
2023-12-31
04849232
bus:AuditExemptWithAccountantsReport
2023-01-01
2023-12-31
04849232
bus:SmallCompaniesRegimeForAccounts
2023-01-01
2023-12-31
04849232
bus:PrivateLimitedCompanyLtd
2023-01-01
2023-12-31
04849232
bus:AbridgedAccounts
2023-01-01
2023-12-31
04849232
core:ComputerEquipment
2023-01-01
2023-12-31
COMPANY REGISTRATION NUMBER:
04849232
Realis Estates (S.O.T.) Limited |
|
Filleted Unaudited Abridged Financial Statements |
|
Realis Estates (S.O.T.) Limited |
|
Abridged Financial Statements |
|
Year ended 31 December 2023
Abridged statement of financial position |
1 to 2 |
|
|
Notes to the abridged financial statements |
3 to 5 |
|
|
Realis Estates (S.O.T.) Limited |
|
Abridged Statement of Financial Position |
|
31 December 2023
Current assets
Stocks |
2,889,584 |
|
– |
Debtors |
831,799 |
|
628,408 |
Cash at bank and in hand |
4,357 |
|
212 |
|
------------ |
|
--------- |
|
3,725,740 |
|
628,620 |
|
|
|
|
Creditors: amounts falling due within one year |
5,342,950 |
|
2,202,800 |
|
------------ |
|
------------ |
Net current liabilities |
|
1,617,210 |
1,574,180 |
|
|
------------ |
------------ |
Total assets less current liabilities |
|
(
1,617,210) |
(
1,574,180) |
|
|
------------ |
------------ |
Net liabilities |
|
(
1,617,210) |
(
1,574,180) |
|
|
------------ |
------------ |
|
|
|
|
Capital and reserves
Called up share capital |
|
1 |
1 |
Profit and loss account |
|
(
1,617,211) |
(
1,574,181) |
|
|
------------ |
------------ |
Shareholder deficit |
|
(
1,617,210) |
(
1,574,180) |
|
|
------------ |
------------ |
|
|
|
|
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.
Realis Estates (S.O.T.) Limited |
|
Abridged Statement of Financial Position (continued) |
|
31 December 2023
These abridged financial statements were approved by the
board of directors
and authorised for issue on
31 October 2024
, and are signed on behalf of the board by:
Mr D G Mathieson |
|
Director |
|
|
|
Company registration number:
04849232
Realis Estates (S.O.T.) Limited |
|
Notes to the Abridged Financial Statements |
|
Year ended 31 December 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 12a Hartopp Road, Sutton Coldfield, West Midlands, B74 2RQ.
2.
Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The financial statements have been prepared on the going concern basis due to the continuing support of the director and the other companies within the group.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) Disclosures in respect of financial instruments have not been presented. (d) Disclosures in respect of share-based payments have not been presented. (e) No disclosure has been given for the aggregate remuneration of key management personnel.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Computer equipment |
- |
33% straight line |
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Tangible assets
|
£ |
Cost |
|
At 1 January 2023 and 31 December 2023 |
1,972 |
|
------- |
Depreciation |
|
At 1 January 2023 and 31 December 2023 |
1,972 |
|
------- |
Carrying amount |
|
At 31 December 2023 |
– |
|
------- |
At 31 December 2022 |
– |
|
------- |
|
|
5.
Controlling party
The company is a wholly owned subsidiary of
Realis Estates 2 Limited
. The registered office of Realis Estates 2 Limited is 12a Hartopp Road, Sutton Coldfield, West Midlands, B74 2RQ.The ultimate holding company is Realis Estates Limited, a company incorporated in England and Wales. The registered office of Realis Estates Limited is 12a Hartopp Road, Sutton Coldfield, West Midlands, B74 2RQ.