Company registration number: 04236143
Unaudited financial statements
for the year ended 30 June 2024
for
Reality Management Services Limited
Pages for filing with the Registrar
Company registration number: 04236143
Reality Management Services Limited
Balance sheet
as at 30 June 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 2,255 2,562
2,255 2,562
Current assets
Cash at bank and in hand 5,476 2,500
5,476 2,500
Creditors: amounts falling due within one
year
(2,669) (250)
Net current assets 2,807 2,250
Total assets less current liabilities 5,062 4,812
NET ASSETS 5,062 4,812
Capital and reserves
Called up share capital 1 1
Profit and loss account 5,061 4,811
TOTAL EQUITY 5,062 4,812
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 June 2024.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 04236143
Reality Management Services Limited
Balance sheet - continued
as at 30 June 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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 24 April 2025 and signed on its behalf by:
Mr S Sivapalan, Director Mrs P Sivapalan, Director
24 April 2025 24 April 2025
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Reality Management Services Limited
Notes to the financial statements
for the year ended 30 June 2024
1 Company information
Reality Management Services Limited is a private company registered in England and Wales. Its registered number is 04236143. The company is limited by shares. Its registered office is Unit 11, 537 High Road, Wembley, HA0 2DJ.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Fixtures & fittings - 12% reducing balance
Computer equipment - 12% reducing balance
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
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Reality Management Services Limited
Notes to the financial statements - continued
for the year ended 30 June 2024
3 Average number of employees
During the year the average number of employees was 2 (2023 - 1).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 July 2023 2,562
At 30 June 2024 2,562
Depreciation
Charge for year 307
At 30 June 2024 307
Net book value
At 30 June 2024 2,255
At 30 June 2023 2,562
If Fixture & fittings had not been revalued, They would have been included at the following historical cost:
2024 2023
£ £
Cost 2,562 -
Accumulated depreciation 307 -
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