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REGISTERED NUMBER: 07457608 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

R ESTATES (2010) LIMITED

R ESTATES (2010) LIMITED (REGISTERED NUMBER: 07457608)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


R ESTATES (2010) LIMITED

COMPANY INFORMATION
for the Year Ended 29 February 2024







DIRECTOR: S A Robinson





SECRETARY:





REGISTERED OFFICE: Belmore Park
Belmore Lane
Upham
Hampshire
SO32 1HQ





REGISTERED NUMBER: 07457608 (England and Wales)





ACCOUNTANTS: David Shores & Co Ltd
36a Station Road
New Milton
Hampshire
BH25 6JX

R ESTATES (2010) LIMITED (REGISTERED NUMBER: 07457608)

BALANCE SHEET
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 14,787,603 13,462,603

CURRENT ASSETS
Cash at bank 162 84

CREDITORS
Amounts falling due within one year 5 73,064 71,138
NET CURRENT LIABILITIES (72,902 ) (71,054 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,714,701

13,391,549

CAPITAL AND RESERVES
Called up share capital 9 9
Retained earnings 14,714,692 13,391,540
SHAREHOLDERS' FUNDS 14,714,701 13,391,549

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 October 2024 and were signed by:





S A Robinson - Director


R ESTATES (2010) LIMITED (REGISTERED NUMBER: 07457608)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

R Estates (2010) 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.

Exemption from preparing consolidated financial statements
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

Going concern
The financial statements have been prepared on a going concern basis dependent on the continued financial support from the company director. At the date of approval of these financial statement, the director has a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due in the foreseeable future, being a period of at least twelve months from the date of these financial statement being approved. Accordingly the company continues to adopt the going concern basis in preparation of these financial statements.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

R ESTATES (2010) LIMITED (REGISTERED NUMBER: 07457608)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities and include trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Financial assets are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled.

Provisions
Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

Valuation of investments
Investments in subsidiary undertakings are recognised at cost.

Investments in unlisted company shares, whose market value can be reliably determined are remeasured to market value at each balance sheet date. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 March 2023 13,462,500 103 13,462,603
Additions 1,325,000 - 1,325,000
At 29 February 2024 14,787,500 103 14,787,603
NET BOOK VALUE
At 29 February 2024 14,787,500 103 14,787,603
At 28 February 2023 13,462,500 103 13,462,603

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 46,623 44,810
Other creditors 26,441 26,328
73,064 71,138

Included in the other creditors is an amount owing to the director. At the year end this amounts to £24,841 (2023 - £24,828).

The loan is supported by a charge over the company's assets.

R ESTATES (2010) LIMITED (REGISTERED NUMBER: 07457608)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

R Estates (2010) Limited is party to a cross-guarantee for loans advanced to subsidiary companies and former subsidiary companies in the R Estates (2010) Limited group.

The contingent liability in respect of this guarantee is £15,397,321 (2023 - £26,987,589)

7. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption available in FRS102 Section 33.1A 'Related party disclosures' whereby it has not disclosed transactions with its wholly owned subsidiary.

8. ULTIMATE CONTROLLING PARTY

The controlling party is S A Robinson.