Company Registration No. 12381762 (England and Wales)
Residential Real Estate Global Ltd
Unaudited accounts
for the year ended 31 May 2024
Residential Real Estate Global Ltd
Unaudited accounts
Contents
Residential Real Estate Global Ltd
Company Information
for the year ended 31 May 2024
Directors
Timothy Coen
Oliver Banks
Company Number
12381762 (England and Wales)
Registered Office
ONE BREWARY WHARF
WATERLOOS STREET
LEEDS
LS10 1GX
ENGLAND
Accountants
Sleek Accounting Ltd
4th Floor
205 Regent Street
London
W1B 4HB
Residential Real Estate Global Ltd
Statement of financial position
as at 31 May 2024
Debtors
3,320,403
2,376,026
Cash at bank and in hand
2,270,372
975,808
Creditors: amounts falling due within one year
(110,905)
(1,802)
Net current assets
5,479,870
3,350,032
Net assets
5,479,878
3,350,039
Called up share capital
2
2
Profit and loss account
5,479,876
3,350,037
Shareholders' funds
5,479,878
3,350,039
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2025 and were signed on its behalf by
Timothy Coen
Director
Company Registration No. 12381762
Residential Real Estate Global Ltd
Notes to the Accounts
for the year ended 31 May 2024
Residential Real Estate Global Ltd is a private company, limited by shares, registered in England and Wales, registration number 12381762. The registered office is ONE BREWARY WHARF, WATERLOOS STREET, LEEDS, LS10 1GX, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investments in shares are included at fair value.
4
Investments
Subsidiary undertakings
Valuation at 1 June 2023
7
Valuation at 31 May 2024
8
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
North Property Group Ltd, a company registered in England & Wales.
The registered office of the above entity is One, Brewery Wharf, Leeds, LS10 1GX.
100% of the voting rights and shares are held.
The principal activity of North Property Group Ltd is a real estate agency.
North Property Group Manchester Ltd, a company registered in England & Wales.
The registered office of the above entity is One, Brewery Wharf, Leeds, LS10 1GX.
100% of the voting rights and shares are held.
The principal activity of North Property Manchester Group Ltd is a real estate agency.
North Property Group Invest Leeds Ltd, a company registered in England & Wales.
The registered office of the above entity is One, Brewery Wharf, Leeds, LS10 1GX.
100% of the voting rights and shares are held.
The principal activity of North Property Invest Leeds Ltd is a real estate agency.
Eaglestone Bays Ltd, a company registered in England & Wales.
The registered office of the above entity is One, Brewery Wharf, Leeds, LS10 1GX.
100% of the voting rights and shares are held.
The principal activity of Eaglestone Bays is buying and selling of own real estate.
Residential Real Estate Global Ltd
Notes to the Accounts
for the year ended 31 May 2024
North Property Group London Ltd, a company registered in England & Wales.
The registered office of the above entity is One, Brewery Wharf, Leeds, LS10 1GX.
100% of the voting rights and shares are held.
The principal activity of North Property Group London is Real estate agency.
Amounts falling due within one year
Amounts due from group undertakings etc.
3,220,403
2,376,024
6
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
110,005
902
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Transactions with related parties
North Property Group Limited
The company is related to Residential Real Estate Global Ltd by virtue of common shareholders and directors. The amount owed to North Property Group Limited at the balance sheet date was £110,000 (2023: £900).
North Property Group Manchester Limited
The company is related to Residential Real Estate Global Ltd by virtue of common shareholders and directors. The amount owed to North Property Group Manchester Limited at the balance sheet date was £2 (2023: -£621).
North Property Group Invest Limited
The company is related to Residential Real Estate Global Ltd by virtue of common shareholders and directors. The amount owed to North Property Group Invest Limited at the balance sheet date was £2 (2023: £2).
North Property Group London Limited
The company is related to Residential Real Estate Global Ltd by virtue of common shareholders and directors. The amount owed to North Property Group Invest Limited at the balance sheet date was £1.
Eaglestone Bays Limited
The company is related to Residential Real Estate Global Ltd by virtue of common shareholders and directors. The amount owed from Eaglestone Bays Limited at the balance sheet date was £3,220,403 (2023: £2,375,403).
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).