Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity66falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01841868 2023-04-01 2024-03-31 01841868 2022-04-01 2023-03-31 01841868 2024-03-31 01841868 2023-03-31 01841868 c:Director3 2023-04-01 2024-03-31 01841868 d:Buildings 2023-04-01 2024-03-31 01841868 d:Buildings 2024-03-31 01841868 d:Buildings 2023-03-31 01841868 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01841868 d:PlantMachinery 2023-04-01 2024-03-31 01841868 d:PlantMachinery 2024-03-31 01841868 d:PlantMachinery 2023-03-31 01841868 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01841868 d:FurnitureFittings 2023-04-01 2024-03-31 01841868 d:FurnitureFittings 2024-03-31 01841868 d:FurnitureFittings 2023-03-31 01841868 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01841868 d:OfficeEquipment 2023-04-01 2024-03-31 01841868 d:OfficeEquipment 2024-03-31 01841868 d:OfficeEquipment 2023-03-31 01841868 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01841868 d:ComputerEquipment 2023-04-01 2024-03-31 01841868 d:ComputerEquipment 2024-03-31 01841868 d:ComputerEquipment 2023-03-31 01841868 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01841868 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01841868 d:CurrentFinancialInstruments 2024-03-31 01841868 d:CurrentFinancialInstruments 2023-03-31 01841868 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 01841868 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 01841868 d:ShareCapital 2024-03-31 01841868 d:ShareCapital 2023-03-31 01841868 d:RetainedEarningsAccumulatedLosses 2024-03-31 01841868 d:RetainedEarningsAccumulatedLosses 2023-03-31 01841868 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 01841868 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 01841868 c:FRS102 2023-04-01 2024-03-31 01841868 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 01841868 c:FullAccounts 2023-04-01 2024-03-31 01841868 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01841868 2 2023-04-01 2024-03-31 01841868 6 2023-04-01 2024-03-31 01841868 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 01841868









REALTY ESTATES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
REALTY ESTATES LIMITED
REGISTERED NUMBER: 01841868

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
192,731
448,714

Investments
  
1,000
113,080

  
193,731
561,794

Current assets
  

Debtors
 6 
5,066,002
8,083,280

Cash at bank and in hand
 7 
17,947,947
335,009

  
23,013,949
8,418,289

Creditors: amounts falling due within one year
 8 
(192,238)
(2,641,980)

Net current assets
  
 
 
22,821,711
 
 
5,776,309

Total assets less current liabilities
  
23,015,442
6,338,103

Provisions for liabilities
  

Deferred tax
 9 
(744)
(744)

  
 
 
(744)
 
 
(744)

Net assets
  
23,014,698
6,337,359


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
23,014,598
6,337,259

  
23,014,698
6,337,359


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
REALTY ESTATES LIMITED
REGISTERED NUMBER: 01841868
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 February 2025.




J Tishbi
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
REALTY ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.



Realty Estates Limited is a private company limited by shares, incorporated in England & Wales. Its registered office is Galley House, Moon Lane, Barnet, EN5 5YL.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
REALTY ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
REALTY ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
Plant and machinery
-
25%
Reducing balance method
Fixtures and fittings
-
15%
Reducing balance method
Office equipment
-
25%
Reducing balance method
Computer equipment
-
25%
Reducing balance method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
REALTY ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

2024
2023
£
£

Wages and salaries
215,712
341,016

Social security costs
21,489
41,272

Cost of defined contribution scheme
44,186
21,968

281,387
404,256


The average monthly number of employees, including directors, during the year was 6 (2023 - 6).


4.


Tangible fixed assets





Freehold property
Plant and machinery
Fixtures and fittings
Office equipment
Computer equipment

£
£
£
£
£



Cost or valuation


At 1 April 2023
370,001
113,213
178,227
6,275
76,324


Additions
7,200
-
-
-
-


Disposals
(250,000)
-
-
-
-



At 31 March 2024

127,201
113,213
178,227
6,275
76,324



Depreciation


At 1 April 2023
-
113,213
113,269
6,275
62,569
Page 6

 
REALTY ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

           4.Tangible fixed assets (continued)



Charge for the year on owned assets
-
-
9,744
-
3,439



At 31 March 2024

-
113,213
123,013
6,275
66,008



Net book value



At 31 March 2024
127,201
-
55,214
-
10,316



At 31 March 2023
370,001
-
64,958
-
13,755

Total

£



Cost or valuation


At 1 April 2023
744,040


Additions
7,200


Disposals
(250,000)



At 31 March 2024

501,240



Depreciation


At 1 April 2023
295,326


Charge for the year on owned assets
13,183



At 31 March 2024

308,509



Net book value



At 31 March 2024
192,731



At 31 March 2023
448,714

Page 7

 
REALTY ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


At 1 April 2023
113,080


Disposals
(112,080)



At 31 March 2024
1,000





6.


Debtors

2024
2023
£
£



Trade debtors
59,020
12,204

Amounts owed by group undertakings
4,696,921
8,007,786

Other debtors
-
9,824

Prepayments and accrued income
310,061
53,466

5,066,002
8,083,280



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
17,947,947
335,009

17,947,947
335,009


Page 8

 
REALTY ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
71,084
14,460

Amounts owed to group undertakings
-
100

Corporation tax
-
2,392,063

Other taxation and social security
12,271
17,396

Other creditors
21,296
4,393

Accruals and deferred income
87,587
213,568

192,238
2,641,980



9.


Deferred taxation




2024


£






At beginning of year
(744)



At end of year
(744)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(744)
(744)

(744)
(744)


10.


Reserves

 
Page 9