Registration number: 13619816

RTP RE York Limited

Contents

Company Information	1
Statement of Financial Position	2
Notes to the Financial Statements	3 to 5

RTP RE York Limited

Company Information

Directors

M Krayukhina S Lomovtseva

Registered office

5th Floor 86 Jermyn Street London SW1Y 6AW

Auditor

Brebners Chartered Accountants & Statutory Auditor 130 Shaftesbury Avenue London W1D 5AR

RTP RE York Limited

Statement of Financial Position as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Investment property	5	13,100,000	12,500,000
Current assets
Debtors	6	2,979,841	2,782,189
Cash at bank and in hand		300,352	420,075
		3,280,193	3,202,264
Creditors: Amounts falling due within one year	7	(16,963,684)	(17,427,701)
Net current liabilities		(13,683,491)	(14,225,437)
Net liabilities		(583,491)	(1,725,437)
Capital and reserves
Called up share capital		1	1
Retained earnings		(583,492)	(1,725,438)
Shareholders' deficit		(583,491)	(1,725,437)

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors of RTP RE York Limited have elected not to include a copy of the profit and loss account within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Approved and authorised by the Board on 22 September 2025 and signed on its behalf by:
 

.........................................

S Lomovtseva

Director

Company registration number: 13619816

RTP RE York Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
5th Floor
86 Jermyn Street
London
SW1Y 6AW

The principal activity of the company is that of property investment.

2	Audit Report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 22 September 2025 was Martin Widdowson, who signed for and on behalf of Brebners.

3	Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company made a profit in the year to 31 December 2024 of £1,141,946 but had net liabilities of £583,491 and net current liabilities of £13,683,491. At 31 December 2024 an amount of £16,724,442 was due to group undertakings who have confirmed that they will not call for repayment until such a time as the company has sufficient working capital.

The directors have considered the potential effect of the ongoing economic uncertainty in the United Kingdom and the directors' view is that there will be no significant effect. The company continues to receive rental income from its investment property and the directors do not envisage any reasons why this should not continue.

On the basis of the above and after making enquiries, the directors' have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly the directors will adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for rent receivable in the ordinary course of the company's activities. Turnover is shown net of future value added tax, rebates and discounts.

The company recognises rental income evenly over the period of the lease.

RTP RE York Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

4	Staff numbers

The average number of persons employed by the company during the year, was 0 (2023 - 0).

RTP RE York Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

5	Investment properties

	2024 £
Fair value
At 1 January 2024	12,500,000
Fair value adjustments	600,000
At 31 December 2024	13,100,000