REGISTERED NUMBER: 05320774 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

REAL ESTATE LAND LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P A E Bull

P M Mandell

REGISTERED OFFICE:

15 West Street

Brighton

East Sussex

BN1 2RL

REGISTERED NUMBER:

05320774 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Hove) Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Investment property

3

161,186

139,954

CURRENT ASSETS

Debtors

4

1,218

2,382

Cash at bank and in hand

1,562

5,163

2,780

7,545

CREDITORS

Amounts falling due within one year

5

127,335

114,549

NET CURRENT LIABILITIES

(124,555

)

(107,004

)

TOTAL ASSETS LESS CURRENT LIABILITIES

36,631

32,950

CREDITORS

Amounts falling due after more than one year

6

(113,755

)

(107,755

)

PROVISIONS FOR LIABILITIES

(4,798

)

(4,798

)

NET LIABILITIES

(81,922

)

(79,603

)

CAPITAL AND RESERVES

Called up share capital

2

2

Fair value reserve

7

15,545

15,545

Retained earnings

(97,469

)

(95,150

)

(81,922

)

(79,603

)

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 19 September 2025 and were signed on its behalf by:

P M Mandell - Director

P A E Bull - Director

1.	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.

These financial statements have been prepared on the basis that the company will continue to be a going concern. If this assumption is not considered valid, then adjustments would need to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

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 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 taxation is provided in full on timing differences which represent a liability at the balance sheet date, at rates expected to apply when they crystallise based on current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in taxation computations in periods different from those in which they are included in financial statements. Deferred tax assets and liabilities are not discounted.

2.	EMPLOYEES AND DIRECTORS

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

3.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

139,954

Additions

21,232

At 31 December 2024

161,186

NET BOOK VALUE

At 31 December 2024

161,186

At 31 December 2023

139,954

Fair value at 31 December 2024 is represented by:

£

Valuation in 2023

13,159

Valuation in 2024

21,232

Cost

126,795

161,186

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

VAT

1,218

2,382

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Directors' loan accounts

125,735

112,735

Accrued expenses

1,600

1,814

127,335

114,549

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Amounts owed to associates

113,755

107,755

7.

RESERVES

Fair

value

reserve

£

At 1 January 2024

and 31 December 2024

15,545

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, P M Mandell maintained his loan to the company. As at 31 December 2024, the company owed him £3,802 (2023: £3,802). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

During the year, P A E Bull increased his loan to the company. As at 31 December 2024, the company owed him £121,933 (2023: £108,933). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

9.	RELATED PARTY DISCLOSURES

As at the year end the company owes Real Estate Evolution Ltd £9,652 (2023: £9,652). A company in which P A E Bull is the sole director and shareholder.

As at the year end the company owes Affordable Housing Corp Ltd £69,653 (2023: £69,653). A company in which P M Mandell is a director and Affordable Housing Corp Ltd owns 50% of the shareholding in this company.

As at the year end the company owes Peter Lind Private Clients Limited £34,450 (2023: £28,450). A company in which P M Mandell is the sole director and shareholder.

10.	ULTIMATE CONTROLLING PARTY

As there is no majority shareholder the company is controlled by the Board.

11.	ACCOUNTING BASIS

As stated in the accounting policy note, these financial statements have been prepared on the basis that the company will continue to be a going concern. During the year the company made a loss of £2,319, and as at the year end the current liabilities exceeded current assets by £124,555.

The validity of this basis depends upon the continued support of the company's directors. The directors confirm that they will give the required support.