REGISTERED NUMBER: |
Reit Property Limited |
Audited Financial Statements |
for the period |
4 June 2024 to 31 December 2024 |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
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 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings | 8 |
The financial statements were approved by the director and authorised for issue on |
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 |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
At 31 December 2024 |
NET BOOK VALUE |
At 31 December 2024 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
Deposit paid-new property | 81,200 |
VAT |
Called up share capital not paid |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Tax |
Social security and other taxes |
Net wages control account | 23,780 |
Rent deposit | 45,000 |
Tenant Wagamama-s/charge | 1,851 |
Directors' current accounts | 9 |
Accrued expenses |
Deferred income |
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 |
At 31 December 2024 |
9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |