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REGISTERED NUMBER: 04897801 (England and Wales)












R T PROPERTIES LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024






R T PROPERTIES LIMITED (REGISTERED NUMBER: 04897801)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


R T PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: S C Gardiner
C H G Shortland





REGISTERED OFFICE: 6 Bilton Road, Cadwell Lane
Hitchin
Hertfordshire
SG4 0SB





REGISTERED NUMBER: 04897801 (England and Wales)





AUDITORS: Fruition Advisory LLP
29 Wood Street
Stratford-upon-Avon
CV37 6JG

R T PROPERTIES LIMITED (REGISTERED NUMBER: 04897801)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 3,028,363 3,099,347

CURRENT ASSETS
Debtors 6 413,508 89,940
Cash at bank 7 300 223
413,808 90,163
CREDITORS
Amounts falling due within one year 8 362,300 361,500
NET CURRENT ASSETS/(LIABILITIES) 51,508 (271,337 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,079,871

2,828,010

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 3,079,771 2,827,910
SHAREHOLDERS' FUNDS 3,079,871 2,828,010

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 Board of Directors and authorised for issue on 28 March 2025 and were signed on its behalf by:





S C Gardiner - Director


R T PROPERTIES LIMITED (REGISTERED NUMBER: 04897801)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

R T Properties 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The level of rounding applied is to the nearest £.

The functional currency used is GBP.

Financial Reporting Standard 102 - Reduced Disclosure Exemptions
The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

- the requirements of Section 7 Statement of Cash Flows;
- the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d).

This information is included in the consolidated financial statements of Open & Shut Holdings Limited as at 30 June 2024 and these financial statements may be obtained from Royde & Tucker Limited, Unit 6, Bilton Road, Cadwell Lane, Hitchin, Hertfordshire SG4 0SB.

Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is recognised from the rental of property. Turnover is recognised on a straight line basis over the period of the lease.

R T PROPERTIES LIMITED (REGISTERED NUMBER: 04897801)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued

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.

Investment property rented to other group entities and accounted for under the cost model is stated at historical cost less accumulated depreciation and any accumulated impairment losses.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold property - 2% straight line

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 Statement of Income and Retained Earnings.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

R T PROPERTIES LIMITED (REGISTERED NUMBER: 04897801)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued

Going concern
The company is reliant on the continued support of the Group through the occupation of the premises.

Subsequent to the period end, there is a plan to sell the property. If the property were to be sold, there would be an uncertainty whether the company will continue to trade. However, until a sale has been agreed, the directors consider it appropriate to prepare the financial statements on a going concern basis.

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.

Interest income
Interest income is recognised in Statement of Income and Retained Earnings using the effective interest method.

Creditors

Short-term creditors are measured at the transaction price.

Finance costs
Finance costs are charged to Statement of Income and Retained Earnings 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.

3. EMPLOYEES AND DIRECTORS

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

4. AUDITORS' REMUNERATION

2024 2023
£ £

Fees payable to the company's auditors for the audit of thecompany's
financial statements

1,500

1,500

R T PROPERTIES LIMITED (REGISTERED NUMBER: 04897801)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

5. TANGIBLE FIXED ASSETS
Long
leasehold
£   
COST
At 1 July 2023 3,822,886
Additions 5,500
At 30 June 2024 3,828,386
DEPRECIATION
At 1 July 2023 723,539
Charge for year 76,484
At 30 June 2024 800,023
NET BOOK VALUE
At 30 June 2024 3,028,363
At 30 June 2023 3,099,347

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 399,468 79,750
Other debtors 14,040 10,190
413,508 89,940

7. CASH AT BANK

2024 2023
£ £

Cash at bank and in hand 300 223

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 360,000 360,000
VAT 800 -
Accruals and deferred income 1,500 1,500
362,300 361,500

The bank loans held within Open & Shut Holdings are secured by a charge over the Company's land
and buildings and by a fixed and floating charge over all other assets of the Company.

9. CALLED UP SHARE CAPITAL

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

R T PROPERTIES LIMITED (REGISTERED NUMBER: 04897801)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

10. RESERVES
Retained
earnings
£   

At 1 July 2023 2,827,910
Profit for the year 251,861
At 30 June 2024 3,079,771

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Michelle Vincent FCCA (Senior Statutory Auditor)
for and on behalf of Fruition Advisory LLP

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

13. ULTIMATE CONTROLLING PARTY

The parent undertaking is Royde & Tucker Holdings Limited, a company registered in England and Wales.

The parent undertaking of Royde & Tucker Holdings Limited was Open & Shut Holdings Limited, a company registered in England and Wales and the ultimate controlling party was Moulton Goodies Limited.