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REGISTERED NUMBER: 08772775 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

RTR Property Developments Limited

RTR Property Developments Limited (Registered number: 08772775)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


RTR Property Developments Limited (Registered number: 08772775)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 2,530 3,373
Investments 5 581,096 581,096
583,626 584,469

Current assets
Debtors 6 2,945,463 3,056,956
Cash at bank 13,032 2
2,958,495 3,056,958
Creditors
Amounts falling due within one year 7 3,429,028 3,446,372
Net current liabilities (470,533 ) (389,414 )
Total assets less current liabilities 113,093 195,055

Creditors
Amounts falling due after more than one
year

8

41,882

42,399
Net assets 71,211 152,656

RTR Property Developments Limited (Registered number: 08772775)

Balance Sheet - continued
31 March 2024

2024 2023
Notes £    £    £    £   
Capital and reserves
Called up share capital 9 2 2
Revaluation reserve 10 499,999 499,999
Retained earnings (428,790 ) (347,345 )
Shareholders' funds 71,211 152,656

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 May 2025 and were signed by:





N S Bremner - Director


RTR Property Developments Limited (Registered number: 08772775)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. Statutory information

RTR Property Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08772775

Registered office: Pound House
62a Highgate High Street
London
N6 5HX

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.


RTR Property Developments Limited (Registered number: 08772775)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

4. Tangible fixed assets
Computer
equipment
£   
Cost
At 1 April 2023
and 31 March 2024 7,583
Depreciation
At 1 April 2023 4,210
Charge for year 843
At 31 March 2024 5,053
Net book value
At 31 March 2024 2,530
At 31 March 2023 3,373

RTR Property Developments Limited (Registered number: 08772775)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. Fixed asset investments
Shares in
group
undertaking
and
participatin
interests
£   
Cost
At 1 April 2023
and 31 March 2024 581,096
Net book value
At 31 March 2024 581,096
At 31 March 2023 581,096

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Amounts owed by associates 2,933,537 3,045,030
Other debtors 11,926 11,926
2,945,463 3,056,956

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 6,057 6,057
Trade creditors 1,800 1,800
Amounts owed to associates 99,908 112,038
Other creditors 47,522 196,411
Directors' current accounts 3,271,941 3,128,266
Accruals and deferred income 1,800 1,800
3,429,028 3,446,372

RTR Property Developments Limited (Registered number: 08772775)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans - 1-2 years 6,057 6,057
Bank loans - 2-5 years 18,171 18,171
Bank loans more 5 yr by instal 17,654 18,171
41,882 42,399

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 17,654 18,171

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
2 2

10. Reserves
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 499,999

11. Ultimate controlling party

The ultimate controlling party is N S Bremner.