| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 29 February 2024 |
| for |
| REAL LETTING LTD. |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 29 February 2024 |
| for |
| REAL LETTING LTD. |
| REAL LETTING LTD. (REGISTERED NUMBER: SC244580) |
| Contents of the Financial Statements |
| for the Year Ended 29 February 2024 |
| Page |
| Company Information | 1 |
| Abridged Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| REAL LETTING LTD. |
| Company Information |
| for the Year Ended 29 February 2024 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 13 Glasgow Road |
| Paisley |
| Renfrewshire |
| PA1 3QS |
| REAL LETTING LTD. (REGISTERED NUMBER: SC244580) |
| Abridged Balance Sheet |
| 29 February 2024 |
| 2024 | 2023 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
6 |
( |
) |
( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Share premium | 9 |
| Retained earnings | 9 | ( |
) |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| REAL LETTING LTD. (REGISTERED NUMBER: SC244580) |
| Abridged Balance Sheet - continued |
| 29 February 2024 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director and authorised for issue on |
| REAL LETTING LTD. (REGISTERED NUMBER: SC244580) |
| Notes to the Financial Statements |
| for the Year Ended 29 February 2024 |
| 1. | STATUTORY INFORMATION |
| Real Letting Ltd. is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of rents receivable from investment properties. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Investment property |
| Investment properties are shown in the balance sheet at fair value. Any change in fair value is taken to the profit and loss account each year. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2023 - NIL). |
| 4. | TANGIBLE FIXED ASSETS |
| Totals |
| £ |
| COST |
| At 1 March 2023 |
| Disposals | ( |
) |
| At 29 February 2024 |
| DEPRECIATION |
| At 1 March 2023 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 29 February 2024 |
| NET BOOK VALUE |
| At 29 February 2024 |
| At 28 February 2023 |
| 5. | INVESTMENT PROPERTY |
| The assets held above are used for the purpose of generating rental income. |
| Fair value at 29 February 2024 is represented by: |
| £ |
| Valuation in 2022 | 595,000 |
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |
| 2024 | 2023 |
| £ | £ |
| Repayable otherwise than by instalments |
| Northern Rock-due within 1 yr | - | 283,085 |
| REAL LETTING LTD. (REGISTERED NUMBER: SC244580) |
| Notes to the Financial Statements - continued |
| for the Year Ended 29 February 2024 |
| 7. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2024 | 2023 |
| £ | £ |
| Bank loans | 171,428 | 283,085 |
| The company bankers hold standard securities over the properties owned by the company and have bonds and floating charges over the whole of the assets of the company. |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2024 | 2023 |
| value: | £ | £ |
| Ordinary Shares | £1 | 100 | 100 |
| 9. | RESERVES |
| Retained | Share |
| earnings | premium | Totals |
| £ | £ | £ |
| At 1 March 2023 | 18,223 | 129,950 | 148,173 |
| Deficit for the year | (65,118 | ) | (65,118 | ) |
| At 29 February 2024 | (46,895 | ) | 129,950 | 83,055 |
| 10. | RELATED PARTY DISCLOSURES |
| On 1st March 2019, the shareholders as a body agreed with the Director that they would transfer all their shares to another company, Real Letting 2 Limited, that has the same shareholders and who hold the shares with the same ownership structure as Real Letting Ltd. Since then the shares have been held in Trust by the sitting shareholders for Real Letting 2 Limited. Real Letting Ltd. has been treated by the Director and shareholders as the wholly owned subsidiary company of Real Letting 2 Limited since that date. The shares were transferred to Real Letting 2 Limited on 15th September 2023 |
| At the balance sheet date, the company owed an amount of £12,446 to Real Letting 2 Limited a company under common control of the Director of Real Letting Ltd.In 2023 the company was owed £22,924. |
| At the balance sheet date, the company owed an amount of £6,510 (2023: £26,510) to Panesar Properties Ltd, a company under common control of the Director of Real Letting Ltd. |
| At the balance sheet date, the company owed an amount of £27,050 (2023: £27,050) to Pan5r Properties Ltd, a company under common control of the Director of Real Letting Ltd. |