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REGISTERED NUMBER: 11782673 (England and Wales)














Unaudited Financial Statements

for the Year Ended 5 April 2024

for

RET Properties Limited

RET Properties Limited (Registered number: 11782673)






Contents of the Financial Statements
for the Year Ended 5 April 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


RET Properties Limited (Registered number: 11782673)

Balance Sheet
5 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 799,529 799,474

CURRENT ASSETS
Debtors 5 5,649 3,660
Cash at bank 2,083 2,815
7,732 6,475
CREDITORS
Amounts falling due within one year 6 341,022 364,585
NET CURRENT LIABILITIES (333,290 ) (358,110 )
TOTAL ASSETS LESS CURRENT LIABILITIES 466,239 441,364

CREDITORS
Amounts falling due after more than one year 7 (419,190 ) (416,627 )

PROVISIONS FOR LIABILITIES (10,122 ) (4,700 )
NET ASSETS 36,927 20,037

CAPITAL AND RESERVES
Called up share capital 10 10
Revaluation reserve 9 43,223 48,644
Retained earnings (6,306 ) (28,617 )
SHAREHOLDERS' FUNDS 36,927 20,037

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 20 December 2024 and were signed by:





Ms R E Taylor - Director


RET Properties Limited (Registered number: 11782673)

Notes to the Financial Statements
for the Year Ended 5 April 2024

1. STATUTORY INFORMATION

RET Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11782673

Registered office: Keepers Cottage
Farley Road
Oakamoor
Staffordshire
ST10 3BD

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

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.

3. EMPLOYEES AND DIRECTORS

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

RET Properties Limited (Registered number: 11782673)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6 April 2023 799,474
Additions 55
At 5 April 2024 799,529
NET BOOK VALUE
At 5 April 2024 799,529
At 5 April 2023 799,474

Fair value at 5 April 2024 is represented by:
£   
Valuation in 2021 24,665
Valuation in 2023 28,487
Cost 746,377
799,529

The investment properties fair values remain unchanged since 5 April 2023 in the opinion of the director, based on market valuations.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 5,649 3,660

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 21,652 21,652
Trade creditors - 1,234
Other creditors 319,370 341,699
341,022 364,585

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 419,190 416,627

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 440,842 438,279

Bank loans included in the balance sheet represent mortgages and are secured on the properties to which they relate.

RET Properties Limited (Registered number: 11782673)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

9. RESERVES
Revaluation
reserve
£   
At 6 April 2023 48,644
Investment Property (5,421 )

At 5 April 2024 43,223