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Registered number: 8308726
Remico Properties Ltd
Unaudited ABRIDGED Financial Statements
For the Period 1 December 2023 to 30 April 2025
Remico Properties Ltd
Contents
Contents

| Page
--- | ---
Abridged Balance Sheet | 1—2
Notes to the Abridged Financial Statements | 3—5

Page 1
Remico Properties Ltd
Abridged Balance Sheet
As At 30 April 2025
Abridged Balance Sheet
Registered number: 8308726

| 30 April 2025 | 30 November 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 147,991 |  | 101,696
|  |  | 147,991 |  | 101,696
CURRENT ASSETS
Stocks |  | 4,166,129 |  | 4,787,480 |
Debtors |  | 1,248,001 |  | 198,936 |
Cash at bank and in hand |  | 67,080 |  | 7,991 |
|  | 5,481,210 |  | 4,994,407 |
Creditors: Amounts Falling Due Within One Year |  | (1,369,888 ) |  | (1,031,651 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 4,111,322 |  | 3,962,756
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 4,259,313 |  | 4,064,452
Creditors: Amounts Falling Due After More Than One Year |  |  | (2,970,467 ) |  | (2,894,934 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (36,998 ) |  | (25,424 )
NET ASSETS |  |  | 1,251,848 |  | 1,144,094
CAPITAL AND RESERVES
Called up share capital | 6 |  | 10 |  | 10
Profit and Loss Account |  |  | 1,251,838 |  | 1,144,084
SHAREHOLDERS' FUNDS |  |  | 1,251,848 |  | 1,144,094

Page 1
Page 2
Remico Properties Ltd
Abridged Balance Sheet (continued)
As At 30 April 2025
For the period ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 30 April 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board

Mr Ben Remiszewski Director
20/08/2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Remico Properties Ltd
Notes to the Abridged Financial Statements
For the Period 1 December 2023 to 30 April 2025
Notes to the Abridged Financial Statements
1. General Information
Remico Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 8308726 . The registered office is 3 Battledown Close, Cheltenham, GL52 6RD.
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. Turnover
Income from property development
Turnover from property development is measured at the fair value of the consideration received or receivable and represents amounts receivable for the sale of properties, net of discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery | 12.5% straight line
Motor Vehicles | 15% reducing balance
Computer Equipment | 33% straight line

2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
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Remico Properties Ltd
Notes to the Abridged Financial Statements (continued)
For the Period 1 December 2023 to 30 April 2025
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.8. Finance Costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
2.9. Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
2.10. Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3. Average Number of Employees
The average number of employees, including directors, during the year was 3 (2023: 2)
3 2
4. Tangible Assets

| Total
--- | ---
| £
Cost
As at 1 December 2023 | 177,156
Additions | 92,285
As at 30 April 2025 | 269,441
Depreciation
As at 1 December 2023 | 75,460
Provided during the period | 45,990
As at 30 April 2025 | 121,450
Net Book Value
As at 30 April 2025 | 147,991
As at 1 December 2023 | 101,696

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Remico Properties Ltd
Notes to the Abridged Financial Statements (continued)
For the Period 1 December 2023 to 30 April 2025
5. Obligations Under Finance Leases and Hire Purchase

| 30 April 2025 |  | 30 November 2023
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 13,573 |  | 11,708
Later than one year and not later than five years | 66,135 |  | 2,599
| 79,708 |  | 14,307
| 79,708 |  | 14,307

6. Share Capital

| 30 April 2025 |  | 30 November 2023
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 10 |  | 10

7. Related Party Transactions
Remico Homes Ltd is a wholly owned subsidiary of the company. At the balance sheet date, an amount of £125,076 (2023: £132,973) was receivable from Remico Homes Ltd.
Badgeworth Lane Developments Ltd is a company connected to the directors. At the balance sheet date, an amount of £1,061,968 (2023: £nil) was receivable from Badgeworth Lane Developments Ltd.
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