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REGISTERED NUMBER: 15759679 (England and Wales)


Reit Property Limited

Audited Financial Statements

for the period

4 June 2024 to 31 December 2024






Reit Property Limited (Registered number: 15759679)






Contents of the Financial Statements
for the period 4 June 2024 to 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Reit Property Limited

Company Information
for the period 4 June 2024 to 31 December 2024







DIRECTOR: Mr A Ozderici





REGISTERED OFFICE: 239-241 Kennington Lane
London
SE11 5QU





REGISTERED NUMBER: 15759679 (England and Wales)





AUDITORS: Alton & Co
Chartered Accountants
& Statutory Auditors
239-241 Kennington Lane
London
SE11 5QU

Reit Property Limited (Registered number: 15759679)

Balance Sheet
31 December 2024

Notes £    £   
FIXED ASSETS
Investment property 4 7,653,677

CURRENT ASSETS
Debtors 5 756,722
Cash at bank 191,854
948,576
CREDITORS
Amounts falling due within one year 6 268,397
NET CURRENT ASSETS 680,179
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,333,856

CAPITAL AND RESERVES
Called up share capital 7 8,250,000
Retained earnings 8 83,856
8,333,856

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 February 2025 and were signed by:





Mr A Ozderici - Director


Reit Property Limited (Registered number: 15759679)

Notes to the Financial Statements
for the period 4 June 2024 to 31 December 2024

1. STATUTORY INFORMATION

Reit Property 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.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Turnover includes revenue earned from investments in properties.

The company recognises revenue when:
-the amount of revenue can be reliably measured;
-it is probable that future economic benefits will flow to the entity;
-on an accrual basis, based on the tenancy agreement.

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.

No depreciation is charged on investment property and on the improvement cost under FRS102 standard.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Reit Property Limited (Registered number: 15759679)

Notes to the Financial Statements - continued
for the period 4 June 2024 to 31 December 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 7,653,677
At 31 December 2024 7,653,677
NET BOOK VALUE
At 31 December 2024 7,653,677

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 600
Deposit paid-new property 81,200
VAT 128,416
Called up share capital not paid 546,506
756,722

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 5,921
Tax 28,036
Social security and other taxes 1,805
Net wages control account 23,780
Rent deposit 45,000
Tenant Wagamama-s/charge 1,851
Directors' current accounts 9
Accrued expenses 10,650
Deferred income 151,345
268,397

Reit Property Limited (Registered number: 15759679)

Notes to the Financial Statements - continued
for the period 4 June 2024 to 31 December 2024

7. CALLED UP SHARE CAPITAL

Allotted and issued:

Number: Class: Nominal
Value: £

8,250,000 Ordinary £1 8,250,000
========

8,250,000 Ordinary shares of £1 each were allotted at par during the period.

8. RESERVES
Retained
earnings
£   

Profit for the period 83,856
At 31 December 2024 83,856

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Altan Kemal FCA FCCA (Senior Statutory Auditor)
for and on behalf of Alton & Co