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COMPANY REGISTRATION NUMBER: 02741874
Realmdale Limited
Unaudited financial statements
30 November 2024
Realmdale Limited
Statement of financial position
30 November 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
400,000
400,000
Current assets
Debtors
6
1,073
736
Cash at bank and in hand
8,684
13,229
------
-------
9,757
13,965
Creditors: Amounts falling due within one year
7
( 2,605)
( 864)
------
-------
Net current assets
7,152
13,101
---------
---------
Total assets less current liabilities
407,152
413,101
Provisions
Taxation including deferred tax
( 15,698)
( 15,632)
---------
---------
Net assets
391,454
397,469
---------
---------
Capital and reserves
Called up share capital
100
100
Revaluation reserve
225,454
225,454
Profit and loss account
165,900
171,915
---------
---------
Shareholders funds
391,454
397,469
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Realmdale Limited
Statement of financial position (continued)
30 November 2024
These financial statements were approved by the board of directors and authorised for issue on 30 April 2025 , and are signed on behalf of the board by:
C J Simons
Director
Company registration number: 02741874
Realmdale Limited
Notes to the financial statements
Year ended 30 November 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Carters Barn, New Bury Meadows, Hatfield Broad Oak, Bishop's Stortford, Hertfordshire, CM22 7LQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.
Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
4. Employee numbers
The average number of employees during the year was 1 (2023: 1 ).
5. Tangible assets
Investment property
£
Cost
At 1 December 2023 and 30 November 2024
400,000
---------
Depreciation
At 1 December 2023 and 30 November 2024
---------
Carrying amount
At 30 November 2024
400,000
---------
At 30 November 2023
400,000
---------
The investment properties have been included at their fair value, based on open market value as at 30 November 2024. These valuations were ascertained by C J Simons , the director of the company.
Tangible assets held at valuation
In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:
Investment property
£
At 30 November 2024
Aggregate cost
158,848
Aggregate depreciation
---------
Carrying value
158,848
---------
At 30 November 2023
Aggregate cost
158,848
Aggregate depreciation
---------
Carrying value
158,848
---------
6. Debtors
2024
2023
£
£
Other debtors
1,073
736
------
----
7. Creditors: Amounts falling due within one year
2024
2023
£
£
Social security and other taxes
1,669
Other creditors
936
864
------
----
2,605
864
------
----