Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-312023-04-01truefalseNo description of principal activity00trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11858502 2023-04-01 2024-03-31 11858502 2022-04-01 2023-03-31 11858502 2024-03-31 11858502 2023-03-31 11858502 c:Director1 2023-04-01 2024-03-31 11858502 c:Director2 2023-04-01 2024-03-31 11858502 c:RegisteredOffice 2023-04-01 2024-03-31 11858502 d:CurrentFinancialInstruments 2024-03-31 11858502 d:CurrentFinancialInstruments 2023-03-31 11858502 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11858502 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11858502 d:ShareCapital 2024-03-31 11858502 d:ShareCapital 2023-03-31 11858502 d:RetainedEarningsAccumulatedLosses 2024-03-31 11858502 d:RetainedEarningsAccumulatedLosses 2023-03-31 11858502 c:OrdinaryShareClass1 2023-04-01 2024-03-31 11858502 c:OrdinaryShareClass1 2024-03-31 11858502 c:OrdinaryShareClass1 2023-03-31 11858502 c:FRS102 2023-04-01 2024-03-31 11858502 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11858502 c:FullAccounts 2023-04-01 2024-03-31 11858502 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11858502 2 2023-04-01 2024-03-31 11858502 e:Euro 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure


Registered number: 11858502












REAL (REAL ESTATE ADVISING LAND) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

 

REAL (REAL ESTATE ADVISING LAND) LIMITED

CONTENTS



Page
Company information
 
1
Balance sheet
 
2
Notes to the financial statements
 
3 - 7


 

REAL (REAL ESTATE ADVISING LAND) LIMITED
 
COMPANY INFORMATION


Directors
J C Capelli 
C J D P Capelli 




Registered number
11858502



Registered office
16 Great Queen Street
Covent Garden

London

WC2B 5AH




Accountants
Blick Rothenberg Limited
Chartered Accountants

16 Great Queen Street

Covent Garden

London

WC2B 5AH




Page 1


 
REGISTERED NUMBER:11858502
REAL (REAL ESTATE ADVISING LAND) LIMITED

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note

  

Current assets
  

Debtors: amounts falling due within one year
 4 
774,436
889,461

Cash at bank and in hand
  
2
2

  
774,438
889,463

Creditors: amounts falling due within one year
 5 
(1,118,937)
(1,219,343)

Net current liabilities
  
 
 
(344,499)
 
 
(329,880)

Total assets less current liabilities
  
(344,499)
(329,880)

  

Net liabilities
  
(344,499)
(329,880)


Capital and reserves
  

Called up share capital 
 6 
2
2

Profit and loss account
  
(344,501)
(329,882)

Total equity
  
(344,499)
(329,880)


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 profit and loss account and directors' report have not been filed.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




J C Capelli
Director

Date: 26 March 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 

REAL (REAL ESTATE ADVISING LAND) LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Real (Real Estate Advising Land) Limited is a private company limited by shares incorporated in England and Wales. The address of its registered office is 16 Great Queen Street, Covent Garden, London, WC2B 5AH.
The financial statements are presented in Euros (€) which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest. 

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.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

During the year, the directors have taken the decision to wind up the company in foreseeable future.  As such the financial statements are prepared on a basis other than going concern. No adjustments were necessary to the financial statements arising from preparation on a basis other than going concern.

 
2.3

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is Euros.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within administrative expenses.

Page 3

 

REAL (REAL ESTATE ADVISING LAND) LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.4

Financial instruments

The company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments.

Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. 

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. 
 
The company’s policies for its major classes of financial assets and financial liabilities are set out below. 

Financial assets
Basic financial assets, including other debtors, cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Financial liabilities

Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Impairment of financial assets
Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. 

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the company would receive for the asset if it were to be sold at the reporting date. 

For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Page 4

 

REAL (REAL ESTATE ADVISING LAND) LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)





Financial instruments (continued)

Derecognition of financial assets and financial liabilities
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. 
 
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Offsetting of financial assets and financial liabilities
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.5

Interest income

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

 
2.6

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.

 
2.7

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

  
2.8

Share capital

Ordinary shares are classified as equity. 

Page 5

 

REAL (REAL ESTATE ADVISING LAND) LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

Taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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.
Current tax is the amount of income tax payable in respect of taxable profit for the year or prior years.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet 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. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


Employees

The company has no employees other than the directors, who did not receive any remuneration.


4.


Debtors

2024
2023


Amounts owed by group undertakings
2
2

Other debtors
725,579
835,372

Tax recoverable
48,855
54,087

774,436
889,461


Amounts owed by group undertakings are interest free, have no fixed repayment date and are repayable on demand.
Included in other debtors is an amount of €18,277 (2023: €166,283) in relation to the director's loan account. The amounts due from directors are unsecured, repayable on demand and incurs interest at 2.5% p.a.

Page 6

 

REAL (REAL ESTATE ADVISING LAND) LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Creditors: amounts falling due within one year

2024
2023

Trade creditors
12,756
6,772

Corporation tax
-
8,199

Other creditors
1,098,687
1,170,804

Accruals and deferred income
7,494
33,568

1,118,937
1,219,343


Amounts owed to other creditors are interest free, have no fixed repayment date and are repayable on demand.


6.


Share capital

2024
2023
Allotted, called up and fully paid



2 (2023 - 2) Ordinary shares of 1 each
2
2


7.
Related party transactions

Transactions with related parties are as follows:




Relationship

Transaction

Amount
Amount due (to)/from related parties




2024
 
2023 
2024 
2023 




 
€ 
 
 



Directors
Loan
-
-
18,277
155,224


Interest
2,236
3,929
-
11,199


The amounts due from directors are unsecured, repayable on demand and incurs interest at 2.5% p.a.  

8.


Controlling party

The immediate and ultimate parent undertaking is OBB Limited, a company incorporated in Gibraltar. Its registered office is Suite 3A, Tisa House, 143 Main Street, GX11 1AA, Gibraltar.
In the opinion of the directors OBB Limited is the controlling party.

 
Page 7