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REGISTERED NUMBER: 10247328 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

REAL ESTATE INVESTMENT
(THOMAS STREET) LIMITED

REAL ESTATE INVESTMENT
(THOMAS STREET) LIMITED (REGISTERED NUMBER: 10247328)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


REAL ESTATE INVESTMENT
(THOMAS STREET) LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTOR: S Slater





REGISTERED OFFICE: 9th Floor
80 Mosley Street
Manchester
M2 3FX





REGISTERED NUMBER: 10247328 (England and Wales)





ACCOUNTANTS: Fairhurst Accountants Ltd
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

REAL ESTATE INVESTMENT
(THOMAS STREET) LIMITED (REGISTERED NUMBER: 10247328)

STATEMENT OF FINANCIAL POSITION
31 March 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 2,154,795 2,000,000
Debtors 4 4,905 1,490
Cash at bank 750 432
2,160,450 2,001,922
CREDITORS
Amounts falling due within one year 5 3,971,174 3,800,641
NET CURRENT LIABILITIES (1,810,724 ) (1,798,719 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,810,724

)

(1,798,719

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (1,810,725 ) (1,798,720 )
(1,810,724 ) (1,798,719 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 25 March 2025 and were signed by:





S Slater - Director


REAL ESTATE INVESTMENT
(THOMAS STREET) LIMITED (REGISTERED NUMBER: 10247328)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Real Estate Investment (Thomas Street) 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.

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.

The company is dependent on the continuing support both financial and management of it's director and shareholders, who have confirmed their intention to do so for the coming 12 months.

Stocks
Trading properties and developments are included in the financial statements at the lower of cost and net realisable value. Cost for this purpose comprises of the purchase cost of land and buildings and development expenditure.

In considering the net realisable value of land and properties it is assumed by the director who is suitably experienced to carry out the valuation exercise of this development, that the development will be completed and sold in the ordinary course of business, and that it would not be placed on the open market for immediate sale.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments
Short term financial assets, including trade and other debtors and cash and bank balances, are measured at the transaction price. Financial assets that have no stated interest rate and are recoverable within one year shall be measured at the undiscounted amount due.

Short term financial liabilities, including trade and other creditors, are measured at the transaction price. Financial liabilities that have no stated interest rate and are payable within one year shall be measured at the undiscounted amount due.

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 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.

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
£    £   
Other debtors 4,905 1,490

REAL ESTATE INVESTMENT
(THOMAS STREET) LIMITED (REGISTERED NUMBER: 10247328)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 11,780 822
Amounts owed to group undertakings 19,800 14,800
Other creditors 3,939,594 3,785,019
3,971,174 3,800,641

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loan 3,156,958 3,139,525

The above loan is secured by way of a charge over the properties 42-48, 48A, 50 and 50A Thomas Street, 41 and 43 Back Turner Street and 7-9 Kelvin Street, Manchester, M4 1ER.

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Real Estate Investment Partnerships Limited, a company registered in England and Wales. The registered office of the company is 9th Floor, 80 Mosley Street, Manchester, M2 3FX.