REGISTERED NUMBER: 06454105 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

RITZ ESTATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C Panayiotou

Ms M Panayiotou

SECRETARY:

C Panayiotou

REGISTERED OFFICE:

South Point House

321 Chase Road

Southgate

London

N14 6JT

REGISTERED NUMBER:

06454105 (England and Wales)

ACCOUNTANTS:

Jeffrey C C Hoong FCCA

Hoong & Company

7 Lorian Close

Woodside Park

London

N12 7DW

BANKERS:

NatWest Bank Plc

Southgate Branch

12 The Broadway

Southgate

London

N14 6QF

FIXED ASSETS

Investment property

4

585,000

585,000

CURRENT ASSETS

Cash at bank

63,965

88,793

CREDITORS

Amounts falling due within one year

5

7,386

10,891

NET CURRENT ASSETS

56,579

77,902

TOTAL ASSETS LESS CURRENT LIABILITIES

641,579

662,902

CREDITORS

Amounts falling due after more than one year

6

595,752

637,222

NET ASSETS

45,827

25,680

CAPITAL AND RESERVES

Called up share capital

7

8

8

Retained earnings

8

45,819

25,672

SHAREHOLDERS' FUNDS

45,827

25,680

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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2025 and were signed on its behalf by:

Ms M Panayiotou - Director

1.	STATUTORY INFORMATION

Ritz Estates 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.

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.

Turnover

Turnover represents rents received from the lessees.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 January 2024

and 31 December 2024

585,000

NET BOOK VALUE

At 31 December 2024

585,000

At 31 December 2023

585,000

Cost or valuation at 31 December 2024 is represented by:

£

Cost

585,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Tax

4,726

8,183

VAT

2,060

2,228

Accrued expenses

600

480

7,386

10,891

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

595,752

637,222

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

7

Ordinary

£1

8

8

8.

RESERVES

Retained

earnings

£

At 1 January 2024

25,672

Profit for the year

20,147

At 31 December 2024

45,819