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REGISTERED NUMBER: 10001392 (England and Wales)












Unaudited Financial Statements for the Year Ended 30 September 2024

for

Realistic Property Solutions Limited

Realistic Property Solutions Limited (Registered number: 10001392)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Realistic Property Solutions Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: W P Treneman
M L Treneman
Mrs G P Treneman





REGISTERED OFFICE: 10 Holly Hayes Road
Whitwick
Coalville
Leicestershire
LE67 5GG





REGISTERED NUMBER: 10001392 (England and Wales)





ACCOUNTANTS: The Profit Key Limited
Prince William House
10 Lower Church Street
Ashby de la Zouch
Leicestershire
LE65 1AB

Realistic Property Solutions Limited (Registered number: 10001392)

Statement of Financial Position
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 504,503 504,614

CURRENT ASSETS
Debtors 5 - 383
Cash at bank 401 1,566
401 1,949
CREDITORS
Amounts falling due within one year 6 316,310 310,530
NET CURRENT LIABILITIES (315,909 ) (308,581 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

188,594

196,033

PROVISIONS FOR LIABILITIES 42 -
NET ASSETS 188,552 196,033

CAPITAL AND RESERVES
Called up share capital 7 100 100
Revaluation reserve 8 126,549 126,549
Retained earnings 61,903 69,384
SHAREHOLDERS' FUNDS 188,552 196,033

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Realistic Property Solutions Limited (Registered number: 10001392)

Statement of Financial Position - continued
30 September 2024


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 Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:





W P Treneman - Director


Realistic Property Solutions Limited (Registered number: 10001392)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Realistic Property Solutions 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

Taxation
Taxation for the year 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Realistic Property Solutions Limited (Registered number: 10001392)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 504,280 556 504,836
DEPRECIATION
At 1 October 2023 - 222 222
Charge for year - 111 111
At 30 September 2024 - 333 333
NET BOOK VALUE
At 30 September 2024 504,280 223 504,503
At 30 September 2023 504,280 334 504,614

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Deferred tax asset - 383

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 315,728 310,110
Accrued expenses 582 420
316,310 310,530

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

8. RESERVES
Revaluation
reserve
£   
At 1 October 2023
and 30 September 2024 126,549