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REGISTERED NUMBER: 03675106 (England and Wales)
















RTR (PROPERTIES) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






RTR (PROPERTIES) LIMITED (REGISTERED NUMBER: 03675106)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


RTR (PROPERTIES) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: C.J. Rate
Mrs C.A.M. Rate
S.J. Rate





REGISTERED OFFICE: Rates Ford
Hogg Lane
Grays
Essex
RM17 5QL





REGISTERED NUMBER: 03675106 (England and Wales)





ACCOUNTANTS: CR Bland Baker Limited
Chartered Accountants
21 Lodge Lane
Grays
Essex
RM17 5RY

RTR (PROPERTIES) LIMITED (REGISTERED NUMBER: 03675106)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,150,000 1,250,000

CURRENT ASSETS
Debtors 5 196,999 39,707
Cash at bank 22,284 25,291
219,283 64,998
CREDITORS
Amounts falling due within one year 6 72,183 63,466
NET CURRENT ASSETS 147,100 1,532
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,297,100

1,251,532

PROVISIONS FOR LIABILITIES 271,500 225,340
NET ASSETS 1,025,600 1,026,192

CAPITAL AND RESERVES
Called up share capital 6,666 6,666
Share premium - non distributable 1,593,434 1,593,434
Fair value reserve - non distributable (575,340 ) (575,340 )
Retained earnings 840 1,432
SHAREHOLDERS' FUNDS 1,025,600 1,026,192

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

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

The directors acknowledge their 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.

RTR (PROPERTIES) LIMITED (REGISTERED NUMBER: 03675106)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2025 and were signed on its behalf by:





S.J. Rate - Director


RTR (PROPERTIES) LIMITED (REGISTERED NUMBER: 03675106)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

RTR (Properties) Limited 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.

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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 NIL (2023 - NIL).

RTR (PROPERTIES) LIMITED (REGISTERED NUMBER: 03675106)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 1,250,000
Revaluations (100,000 )
At 31 December 2024 1,150,000
NET BOOK VALUE
At 31 December 2024 1,150,000
At 31 December 2023 1,250,000

Fair value at 31 December 2024 is represented by:
£   
Valuation in 1999 680,000
Valuation in 2014 500,000
Valuation in 2015 400,000
Valuation in 2017 (350,000 )
Valuation in 2024 (100,000 )
Cost 20,000
1,150,000

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 20,000 20,000
Aggregate depreciation (16,400 ) (15,600 )

The investment property was valued on an open market basis on 28 March 2023 by David Dedman Ltd .

The valuation methodology included the capitalisation of the rental value at an appropriate yield together with judgement of the valuer in respect of comparable properties.

The directors are of the opinion that valuation continues to apply at the balance sheet date and therefore the carrying value of investment property is fairly stated.

RTR (PROPERTIES) LIMITED (REGISTERED NUMBER: 03675106)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 131,810 -
Other debtors 65,189 39,707
196,999 39,707

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 51,350 17,800
Other creditors 20,833 45,666
72,183 63,466

7. SECURED DEBTS

National Westminster Bank Plc have a fixed charge over the freehold property of the company.

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
C.J. Rate and Mrs C.A.M. Rate
Balance outstanding at start of year (25,373 ) (333 )
Amounts advanced 61,468 67,580
Amounts repaid (9,620 ) (92,620 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 26,475 (25,373 )

The above balance was unsecured, interest free and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C.J. Rate.