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Registered number: 12167223
Real Assets Property Group Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Optimise Accountants Ltd
Office 15 Bramley House, 2a Bramley Road
Long Eaton
Nottinghamshire
NG10 3SX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12167223
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 288,067 296,867
288,067 296,867
CURRENT ASSETS
Debtors 5 3 3
Cash at bank and in hand 927 1,236
930 1,239
Creditors: Amounts Falling Due Within One Year 6 (105,711 ) (106,335 )
NET CURRENT ASSETS (LIABILITIES) (104,781 ) (105,096 )
TOTAL ASSETS LESS CURRENT LIABILITIES 183,286 191,771
Creditors: Amounts Falling Due After More Than One Year 7 (202,389 ) (205,656 )
NET LIABILITIES (19,103 ) (13,885 )
CAPITAL AND RESERVES
Called up share capital 4 4
Profit and Loss Account (19,107 ) (13,889 )
SHAREHOLDERS' FUNDS (19,103) (13,885)
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For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Natalia Heir
Director
03/06/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Real Assets Property Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12167223 . The registered office is Office 15 Bramley House 2a, Bramley Road, Long Eaton, Nottinghamshire, NG10 3SX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The director has not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 20% straight line
2.5. Investment Properties
All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.
2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
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4. Tangible Assets
Investment Properties Motor Vehicles Total
£ £ £
Cost
As at 1 September 2023 262,400 44,000 306,400
As at 31 August 2024 262,400 44,000 306,400
Depreciation
As at 1 September 2023 - 9,533 9,533
Provided during the period - 8,800 8,800
As at 31 August 2024 - 18,333 18,333
Net Book Value
As at 31 August 2024 262,400 25,667 288,067
As at 1 September 2023 262,400 34,467 296,867
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 3 3
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Directors' loan accounts 105,711 106,335
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 12,109 15,371
Bank loans 190,280 190,285
202,389 205,656
8. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 190,280 190,287
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 12,109 15,371
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10. Ultimate Controlling Party
The company's ultimate controlling party is Mr Jaspal Heir by virtue of his ownership of 100% of the issued share capital in the company.
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