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REGISTERED NUMBER: SC616448 (Scotland)















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

REAL LETTING 2 LIMITED

REAL LETTING 2 LIMITED (REGISTERED NUMBER: SC616448)






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 3


REAL LETTING 2 LIMITED

Company Information
for the Year Ended 29 February 2024







DIRECTOR: S S Panesar





REGISTERED OFFICE: 13 Glasgow Road
Paisley
Renfrewshire
PA1 3QS





REGISTERED NUMBER: SC616448 (Scotland)





ACCOUNTANTS: Profit Counts Limited
13 Glasgow Road
Paisley
Renfrewshire
PA1 3QS

REAL LETTING 2 LIMITED (REGISTERED NUMBER: SC616448)

Abridged Balance Sheet
29 February 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investments 4 100 100
Investment property 5 - 40,368
100 40,468

CURRENT ASSETS
Debtors 39,496 27,050
Cash at bank 25,382 22,438
64,878 49,488
CREDITORS
Amounts falling due within one year (3,120 ) (26,087 )
NET CURRENT ASSETS 61,758 23,401
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,858

63,869

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 7 61,758 63,769
SHAREHOLDERS' FUNDS 61,858 63,869

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 29 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 14 May 2025 and were signed by:





S S Panesar - Director


REAL LETTING 2 LIMITED (REGISTERED NUMBER: SC616448)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Real Letting 2 Limited is a private company, limited by shares , registered in Scotland. 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 as modified by the revaluation of certain assets..

Turnover
Turnover is measured at the fair value of rent receivable from investment properties.

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. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 March 2023
and 29 February 2024 100
NET BOOK VALUE
At 29 February 2024 100
At 28 February 2023 100

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 40,368
Disposals (40,368 )
At 29 February 2024 -
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 40,368

6. CALLED UP SHARE CAPITAL

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

REAL LETTING 2 LIMITED (REGISTERED NUMBER: SC616448)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. RESERVES
Retained
earnings
£   

At 1 March 2023 63,769
Deficit for the year (2,011 )
At 29 February 2024 61,758

8. 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.

The amount owed by the subsidiary company, Real Letting Ltd, at the balance sheet date was £12,446 (In 2023 the amount owed to the subsidiary company was £22,924).

At the balance sheet date, the company was owed an amount of £27,050 (2023: £27,050) by Panesar Properties Ltd, a company with a common director