Caseware UK (AP4) 2024.0.164 2024.0.164 2025-05-142The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrue2023-09-01false2 12807957 2023-09-01 2024-08-31 12807957 2024-08-31 12807957 2022-09-01 2023-08-31 12807957 2023-08-31 12807957 c:Director2 2023-09-01 2024-08-31 12807957 d:FreeholdInvestmentProperty 2023-09-01 2024-08-31 12807957 d:FreeholdInvestmentProperty 2024-08-31 12807957 d:FreeholdInvestmentProperty 2023-08-31 12807957 d:CurrentFinancialInstruments 2024-08-31 12807957 d:CurrentFinancialInstruments 2023-08-31 12807957 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 12807957 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 12807957 d:ShareCapital 2024-08-31 12807957 d:ShareCapital 2023-08-31 12807957 d:RetainedEarningsAccumulatedLosses 2024-08-31 12807957 d:RetainedEarningsAccumulatedLosses 2023-08-31 12807957 c:FRS102 2023-09-01 2024-08-31 12807957 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 12807957 c:FullAccounts 2023-09-01 2024-08-31 12807957 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12807957 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure
Registered number: 12807957













R2 Property Services Ltd

Financial statements
Information for filing with the registrar

31 August 2024




 
R2 Property Services Ltd


Balance sheet
At 31 August 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
895,138
682,393

  
895,138
682,393

Current assets
  

Cash at bank and in hand
  
5,719
223,678

  
5,719
223,678

Creditors: amounts falling due within one year
 5 
(836,678)
(861,112)

Net current liabilities
  
 
 
(830,959)
 
 
(637,434)

Total assets less current liabilities
  
64,179
44,959

  

Net assets
  
64,179
44,959


Capital and reserves
  

Called up share capital 
  
10
10

Profit and loss account
  
64,169
44,949

Shareholders' funds
  
64,179
44,959


1

 
R2 Property Services Ltd

    
Balance sheet (continued)
At 31 August 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 May 2025.




R D Best
Director

Company registered number: 12807957
The notes on pages 3 to 4 form part of these financial statements. 

2

 
R2 Property Services Ltd
 
 

Notes to the financial statements
Year ended 31 August 2024

1.


General information

R2 Property Services Ltd ('the company') is a private company limited by shares, incorporated and domiciled in the United Kingdom and registered in England. the address of the registered office is 3 Whickham Lodge, Whickham, Newcastle upon Tyne, Tyne and Wear, United Kingdom, NE16 4HH.

2.Accounting policies

 
2.1

Statement of compliance

The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' (FRS 102) and the Companies Act 2006.

 
2.2

Turnover

Rent received is recognised on a straight-line basis over the terms of the individual leases.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.4

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.5

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The company has no employees other than the directors, who did not receive any remuneration.

3

 
R2 Property Services Ltd
 
 

Notes to the financial statements
Year ended 31 August 2024

4.


Investment property


Freehold investment property

£



Valuation


At 1 September 2023
682,393


Additions at cost
212,745



At 31 August 2024
895,138

The 2024 valuations were made by the directors, on an open market value for existing use basis.





5.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
-
2,496

Corporation tax
4,509
4,044

Other creditors
831,209
853,672

Accruals and deferred income
960
900

836,678
861,112


 
4