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REGISTERED NUMBER: 09315956 (England and Wales)











Financial Statements

for the Year Ended 30 September 2024

for

REMCO PROPERTIES LTD

REMCO PROPERTIES LTD (REGISTERED NUMBER: 09315956)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REMCO PROPERTIES LTD

Company Information
for the Year Ended 30 September 2024







DIRECTOR: Mr M J Herman





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 09315956 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

REMCO PROPERTIES LTD (REGISTERED NUMBER: 09315956)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,807 2,586
Investments 5 2 51
Investment property 6 995,000 995,000
996,809 997,637

CURRENT ASSETS
Debtors 7 445,890 413,035
Cash at bank 19,098 18,036
464,988 431,071
CREDITORS
Amounts falling due within one year 8 1,209,097 1,176,734
NET CURRENT LIABILITIES (744,109 ) (745,663 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

252,700

251,974

PROVISIONS FOR LIABILITIES 47,670 47,670
NET ASSETS 205,030 204,304

CAPITAL AND RESERVES
Called up share capital 9 264 264
Fair value reserve 203,224 203,224
Retained earnings 1,542 816
SHAREHOLDERS' FUNDS 205,030 204,304

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

REMCO PROPERTIES LTD (REGISTERED NUMBER: 09315956)

Balance Sheet - continued
30 September 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 June 2025 and were signed by:





Mr M J Herman - Director


REMCO PROPERTIES LTD (REGISTERED NUMBER: 09315956)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Remco Properties Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 4,175
DEPRECIATION
At 1 October 2023 1,589
Charge for year 779
At 30 September 2024 2,368
NET BOOK VALUE
At 30 September 2024 1,807
At 30 September 2023 2,586

REMCO PROPERTIES LTD (REGISTERED NUMBER: 09315956)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2023 51
Additions 1
Disposals (50 )
At 30 September 2024 2
NET BOOK VALUE
At 30 September 2024 2
At 30 September 2023 51

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 995,000
NET BOOK VALUE
At 30 September 2024 995,000
At 30 September 2023 995,000

Fair value at 30 September 2024 is represented by:
£   
Cost 995,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Amounts owed by group undertakings 445,124 411,256
Other debtors 766 1,779
445,890 413,035

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 521,452 521,452
Taxation and social security 11,981 1,412
Other creditors 675,664 653,870
1,209,097 1,176,734

REMCO PROPERTIES LTD (REGISTERED NUMBER: 09315956)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
33 A Class Ordinary £1 33 33
33 B Class Ordinary £1 33 33
66 C Class Ordinary £1 66 66
66 D Class Ordinary £1 66 66
66 E Class Ordinary £1 66 66
264 264

10. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed an amount of £1,134 (2023: £58,640) from the director. The amount is interest free and repayable on demand.

At the balance sheet date, the company was owed an amount of £445,124 (2023: £411,256) by Haymar Consulting Ltd, a company where the director has common control.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M J Herman.