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Company No: 09835433 (England and Wales)

RTLT ESTATES LTD

Unaudited Financial Statements
For the financial year ended 05 April 2025
Pages for filing with the registrar

RTLT ESTATES LTD

Unaudited Financial Statements

For the financial year ended 05 April 2025

Contents

RTLT ESTATES LTD

BALANCE SHEET

As at 05 April 2025
RTLT ESTATES LTD

BALANCE SHEET (continued)

As at 05 April 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 316 551
Investment property 4 905,000 905,000
905,316 905,551
Current assets
Debtors 5 3,328 1,269
Cash at bank and in hand 130,430 115,313
133,758 116,582
Creditors: amounts falling due within one year 6 ( 317,374) ( 324,937)
Net current liabilities (183,616) (208,355)
Total assets less current liabilities 721,700 697,196
Provision for liabilities 7 ( 39,177) ( 39,236)
Net assets 682,523 657,960
Capital and reserves
Called-up share capital 8 1,000 1,000
Profit and loss account 9 681,523 656,960
Total shareholders' funds 682,523 657,960

For the financial year ending 05 April 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of RTLT Estates Ltd (registered number: 09835433) were approved and authorised for issue by the Board of Directors on 29 July 2025. They were signed on its behalf by:

L Tantrum
Director
RTLT ESTATES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 05 April 2025
RTLT ESTATES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 05 April 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

RTLT Estates Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated as rent received and is recognised when the significant risks and rewards are considered to have been transferred to the tenants.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Leasehold improvements 25 % reducing balance
Fixtures and fittings 25 % reducing balance
Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Leasehold improve-
ments
Fixtures and fittings Computer equipment Total
£ £ £ £
Cost
At 06 April 2024 296 462 580 1,338
At 05 April 2025 296 462 580 1,338
Accumulated depreciation
At 06 April 2024 274 316 197 787
Charge for the financial year 5 37 193 235
At 05 April 2025 279 353 390 1,022
Net book value
At 05 April 2025 17 109 190 316
At 05 April 2024 22 146 383 551

4. Investment property

Investment property
£
Valuation
As at 06 April 2024 905,000
As at 05 April 2025 905,000

Valuation

The directors have valued the property as at 5 April 2025 as £905,000 being consistent with an independent valuation obtained on the properties. The directors are in the opinion that the investment properties are valued at fair value.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

2025 2024
£ £
Historic cost 743,607 743,607

5. Debtors

2025 2024
£ £
Trade debtors 2,024 0
Other debtors 1,304 1,269
3,328 1,269

6. Creditors: amounts falling due within one year

2025 2024
£ £
Taxation and social security 5,803 6,329
Other creditors 311,571 318,608
317,374 324,937

7. Provision for liabilities

2025 2024
£ £
Deferred tax 39,177 39,236

8. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 1.00 each 1,000 1,000

9. Non-distributable reserves

2025 2024
£ £
Distributable reserves 553,291 528,728
Non-distributable reserves 128,232 128,232
681,523 656,960