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REGISTERED NUMBER: 03839128 (England and Wales)

































Unaudited Financial Statements

For The Year Ended

31 March 2025

for

REMSTONE LIMITED

REMSTONE LIMITED (REGISTERED NUMBER: 03839128)






Contents of the Financial Statements
For The Year Ended 31 March 2025




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


REMSTONE LIMITED

Company Information
For The Year Ended 31 March 2025







DIRECTORS: Mr R T Dears
Mrs M Dears





SECRETARY: Mr R T Dears





REGISTERED OFFICE: Office 6, Rathbone Building
Liverpool Innovation
360 Edge Lane
Liverpool
Merseyside
L7 9NN





REGISTERED NUMBER: 03839128 (England and Wales)





ACCOUNTANTS: Leavitt Walmsley Associates Limited
Chartered Certified Accountants
8 Eastway
Sale
Cheshire
M33 4DX

REMSTONE LIMITED (REGISTERED NUMBER: 03839128)

Abridged Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,936 46,474
Investment property 5 2,819,865 2,818,750
2,857,801 2,865,224

CURRENT ASSETS
Debtors 9,860 61,284
Cash at bank 97,256 43,832
107,116 105,116
CREDITORS
Amounts falling due within one year 109,228 263,529
NET CURRENT LIABILITIES (2,112 ) (158,413 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,855,689

2,706,811

CREDITORS
Amounts falling due after more than one year 6 (1,558,427 ) (1,381,304 )

PROVISIONS FOR LIABILITIES (159,963 ) (159,814 )
NET ASSETS 1,137,299 1,165,693

CAPITAL AND RESERVES
Called up share capital 8 100 100
Undistributable reserves 657,699 657,699
Retained earnings 479,500 507,894
SHAREHOLDERS' FUNDS 1,137,299 1,165,693

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

REMSTONE LIMITED (REGISTERED NUMBER: 03839128)

Abridged Balance Sheet - continued
31 March 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2025 and were signed on its behalf by:





Mr R T Dears - Director


REMSTONE LIMITED (REGISTERED NUMBER: 03839128)

Notes to the Financial Statements
For The Year Ended 31 March 2025

1. STATUTORY INFORMATION

Remstone 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 the provisions of FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rents are recognised on a receivables basis in accordance with the tenants contractual terms. Unpaid amounts of rents are recognised on debtors at the balance sheet date.

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 - 10% on cost
Fixtures and fittings - Straight line over 6 years
Motor vehicles - 25% on reducing balance

The company carries tangible fixed assets in the balance sheet using the depreciated historic cost method.
Cost includes initial purchase price plus directly attributable expenses. Residual values used in the calculation of deprecation are based on current prices at the balance sheet date.

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.

Deferred tax is recognised on all gains and losses on the revaluation of investment property.

REMSTONE LIMITED (REGISTERED NUMBER: 03839128)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Financial instruments
A financial asset or financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit or loss. All other investments are subsequently measured at cost less impairment.

Debtors and creditors which fall due within one year are recorded in the financial statements at transaction price and subsequently measured at amortised cost. If the effects of the time value of money are immaterial, they are measured at cost (less impairment for trade debtors). Debtors are reviewed for impairment at each reporting date and any impairments are recorded in profit or loss and shown within administrative expenses when there is objective evidence that a debtor is impaired. Objective evidence that a debtor is impaired arises when the customer is unable to settle amounts owing to the company or the customer becomes bankrupt.

Debtors do not carry interest and are stated at their nominal value.

Trade creditors are not interest-bearing and are stated at their nominal value.

Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset which exceeds what the carrying amount would have been had the impairment loss not previously been recognised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year with an associated expense in profit or loss.

REMSTONE LIMITED (REGISTERED NUMBER: 03839128)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2024
and 31 March 2025 104,156
DEPRECIATION
At 1 April 2024 57,682
Charge for year 8,538
At 31 March 2025 66,220
NET BOOK VALUE
At 31 March 2025 37,936
At 31 March 2024 46,474

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024 2,818,750
Additions 1,115
At 31 March 2025 2,819,865
NET BOOK VALUE
At 31 March 2025 2,819,865
At 31 March 2024 2,818,750

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2007 884,231
Valuation in 2010 218,450
Valuation in 2014 (180,000 )
Valuation in 2017 (177,076 )
Valuation in 2020 (75,000 )
Valuation in 2024 136,367
Cost 2,012,893
2,819,865

If Investment Property had not been revalued they would have been included at the following historical cost:

31.3.25 31.3.24
£    £   
Cost 2,012,893 2,011,778

Investment Property was valued on an open market basis on 31 March 2025 by the director .

REMSTONE LIMITED (REGISTERED NUMBER: 03839128)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2025

5. INVESTMENT PROPERTY - continued

The directors have not carried out a valuation of the investment property at the balance sheet date as required by FRS 102, Section 16 'Investment Property'. In the absence of a fair value for the investment property at the balance sheet date, it is not possible for the balance sheet to reflect the fair value of the investment property. Any consequential adjustment to the carrying amount of investment property would be recorded in profit and loss for the year.

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
31.3.25 31.3.24
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 155,020 351,230

7. SECURED DEBTS

The following secured debts are included within creditors:

31.3.25 31.3.24
£    £   
Bank overdraft - 278
Bank loans 1,564,052 1,419,958
1,564,052 1,420,236

The bank loans are secured over the company's investment properties.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
98 Ordinary A £1 98 98
2 Ordinary B £1 2 2
100 100