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Life Real Estate Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Director Z Ley
Company Number 12750607
Registered Office The Old Rectory The Hatch
Burghfield
Reading
Berkshire
RG30 3TH
Accountants Jones & Partners Limited
2nd Floor, Butler House
177-178 Tottenham Court Road
London
W1T 7AF
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Page 2
Balance Sheet
Registered number: 12750607
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 8,484,157 8,516,791
8,484,157 8,516,791
CURRENT ASSETS
Debtors 5 160,000 100,000
Cash at bank and in hand 4,222 -
164,222 100,000
Creditors: Amounts Falling Due Within One Year 6 (84,591 ) (94,793 )
NET CURRENT ASSETS (LIABILITIES) 79,631 5,207
TOTAL ASSETS LESS CURRENT LIABILITIES 8,563,788 8,521,998
Creditors: Amounts Falling Due After More Than One Year 7 (9,688,357 ) (9,352,293 )
NET LIABILITIES (1,124,569 ) (830,295 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (1,124,570 ) (830,296 )
SHAREHOLDERS' FUNDS (1,124,569) (830,295)
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For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The financial statements were approved by the board of directors on 29 August 2025 and were signed on its behalf by:
Z Ley
Director
29 August 2025
The notes on pages 4 to 6 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Life Real Estate Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12750607 . The registered office is The Old Rectory The Hatch, Burghfield, Reading, Berkshire, RG30 3TH.
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 directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate due to the continued financial support from its parent company. 
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.
2.4. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & Machinery 25% on straight line method
Fixtures & Fittings 25% on straight line method
Computer Equipment 25% on straight line method
2.5. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.
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.
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2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, during the year was as follows: 4 (2023: NIL)
4 -
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 June 2023 8,384,283 175,467 101,119 1,294 8,662,163
Additions 24,203 16,844 - - 41,047
As at 31 May 2024 8,408,486 192,311 101,119 1,294 8,703,210
Depreciation
As at 1 June 2023 - 84,066 60,335 971 145,372
Provided during the period - 48,078 25,280 323 73,681
As at 31 May 2024 - 132,144 85,615 1,294 219,053
Net Book Value
As at 31 May 2024 8,408,486 60,167 15,504 - 8,484,157
As at 1 June 2023 8,384,283 91,401 40,784 323 8,516,791
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 160,000 100,000
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 800
Bank loans and overdrafts - 9,126
Other taxes and social security 1,378 2,513
Pension Payable 841 1,382
Accrual and deferred income 82,372 80,972
84,591 94,793
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Amounts owed to group undertakings 9,688,357 9,352,293
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Related Party Transactions
At the year end the company owed £9,688,357 (2023: £9,352,293) to Life Partners Ltd, the parent company. 
At the year end The Rockster Ltd owed the company £160,000 (2023: £100,000) in which  Z. Ley is a director and shareholder. The company rents part of its property to The Rockster Ltd. 
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