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Registration number: 12311190

Realco Ventures Limited

Unaudited Filleted Financial Statements

for the Period from 1 December 2022 to 5 April 2024

 

Realco Ventures Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Realco Ventures Limited

Company Information

Directors

Mrs Karen Anne Schober

Antony Mark Schober

Registered office

5 Ducketts Wharf
South Street
Bishop's Stortford
Herts
CM23 3AR

Accountants

Mansell & Co
Chartered Certified Accountants
5 Ducketts Wharf
South Street
Bishop's Stortford
Hertfordshire
CM23 3AR

 

Realco Ventures Limited

(Registration number: 12311190)
Balance Sheet as at 5 April 2024

Note

2024
£

2022
£

Fixed assets

 

Investments

4

98,322

98,322

Current assets

 

Debtors

5

(19,532)

(5,012)

Cash at bank and in hand

 

29

-

 

(19,503)

(5,012)

Creditors: Amounts falling due within one year

6

(60,750)

(74,430)

Net current liabilities

 

(80,253)

(79,442)

Net assets

 

18,069

18,880

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

17,969

18,780

Shareholders' funds

 

18,069

18,880

For the financial period ending 5 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 November 2024 and signed on its behalf by:
 

 

Realco Ventures Limited

(Registration number: 12311190)
Balance Sheet as at 5 April 2024

.........................................
Mrs Karen Anne Schober
Director

.........................................
Antony Mark Schober
Director

 

Realco Ventures Limited

Notes to the Unaudited Financial Statements for the Period from 1 December 2022 to 5 April 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
5 Ducketts Wharf
South Street
Bishop's Stortford
Herts
CM23 3AR
United Kingdom

These financial statements were authorised for issue by the Board on 12 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Realco Ventures Limited

Notes to the Unaudited Financial Statements for the Period from 1 December 2022 to 5 April 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0 (2022 - 0).

4

Investments

2024
£

2022
£

Investments in subsidiaries

98,322

98,322

Subsidiaries

£

Cost or valuation

At 1 December 2022

98,322

Provision

Carrying amount

At 5 April 2024

98,322

At 30 November 2022

98,322

 

Realco Ventures Limited

Notes to the Unaudited Financial Statements for the Period from 1 December 2022 to 5 April 2024

5

Debtors

Current

2024
£

2022
£

Prepayments

(19,532)

(5,012)

 

(19,532)

(5,012)

6

Creditors

Creditors: amounts falling due within one year

2024
£

2022
£

Due within one year

Other creditors

60,750

74,430

7

Share capital

Allotted, called up and fully paid shares

2024

2022

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100