| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE PERIOD |
| 30 DECEMBER 2022 TO 31 DECEMBER 2023 |
| FOR |
| RESIDENTIAL LAND EQUITY MANAGEMENT LTD |
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE PERIOD |
| 30 DECEMBER 2022 TO 31 DECEMBER 2023 |
| FOR |
| RESIDENTIAL LAND EQUITY MANAGEMENT LTD |
| RESIDENTIAL LAND EQUITY MANAGEMENT LTD (REGISTERED NUMBER: 09325255) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the period 30 December 2022 to 31 December 2023 |
| Page |
| Company Information | 1 |
| Abridged Statement of Financial Position | 2 |
| Notes to the Financial Statements | 3 |
| RESIDENTIAL LAND EQUITY MANAGEMENT LTD |
| COMPANY INFORMATION |
| for the period 30 December 2022 to 31 December 2023 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| SENIOR STATUTORY AUDITOR: |
| AUDITORS: |
| 8th Floor, Becket House |
| 36 Old Jewry |
| London |
| EC2R 8DD |
| RESIDENTIAL LAND EQUITY MANAGEMENT LTD (REGISTERED NUMBER: 09325255) |
| ABRIDGED STATEMENT OF FINANCIAL POSITION |
| 31 December 2023 |
| 2023 | 2022 |
| £ | £ |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| RESIDENTIAL LAND EQUITY MANAGEMENT LTD (REGISTERED NUMBER: 09325255) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the period 30 December 2022 to 31 December 2023 |
| 1. | STATUTORY INFORMATION |
| Residential Land Equity Management Ltd is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of 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. |
| Taxation |
| Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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. |
| Short term debtors and creditors |
| Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was NIL (2022 - NIL). |
| 4. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| RESIDENTIAL LAND EQUITY MANAGEMENT LTD (REGISTERED NUMBER: 09325255) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the period 30 December 2022 to 31 December 2023 |
| 5. | 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. |
| 6. | POST BALANCE SHEET EVENTS |
| The company is in the process of carrying out a detailed review of its historical income and expenditure which may lead to further adjustments. |
| 7. | ULTIMATE CONTROLLING PARTY |
| The company was controlled throughout the current and previous year by Mr B W Ritchie, a director, by virtue of his ownership of the entire issued share capital of Residential Land Holdings Limited. |