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REGISTERED NUMBER: 07089757 (England and Wales)









Financial Statements

for the Year Ended 31 May 2024

for

Real Estates (New Homes
And Developments) Ltd

Real Estates (New Homes
And Developments) Ltd (Registered number: 07089757)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Real Estates (New Homes
And Developments) Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Mr S Barnett





REGISTERED OFFICE: Parker Cavendish
28 Church Road
Stanmore
Middlesex
HA7 4XR





REGISTERED NUMBER: 07089757 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
28 Church Road
Stanmore
Middlesex
HA7 4XR

Real Estates (New Homes
And Developments) Ltd (Registered number: 07089757)

Statement of Financial Position
31 May 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 23,602 -
Cash at bank 14,999 93,107
38,601 93,107
CREDITORS
Amounts falling due within one year 5 (17,721 ) (22,992 )
NET CURRENT ASSETS 20,880 70,115
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,880

70,115

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 20,780 70,015
SHAREHOLDERS' FUNDS 20,880 70,115

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 December 2024 and were signed by:





Mr S Barnett - Director


Real Estates (New Homes
And Developments) Ltd (Registered number: 07089757)

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

1. STATUTORY INFORMATION

Real Estates (New Homes And Developments) Ltd 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.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts 23,602 -

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 2,054 18,850
Directors' current accounts - 300
Accruals & deferred income 5,667 3,842
Other creditors & accruals 10,000 -
17,721 22,992

Real Estates (New Homes
And Developments) Ltd (Registered number: 07089757)

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

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
Mr S Barnett
Balance outstanding at start of year (300 ) (1,029 )
Amounts advanced 81,902 55,729
Amounts repaid (58,000 ) (55,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 23,602 (300 )