R.S. Nemeth Estates Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04666960 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

R.S. NEMETH ESTATES LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTOR:

R S Nemeth

REGISTERED OFFICE:

53 Brooker Place

Hove

East Sussex

BN3 3ZN

REGISTERED NUMBER:

04666960 (England and Wales)

ACCOUNTANTS:

Hartley Fowler LLP

Chartered Accountants

Pavilion View

19 New Road

Brighton

East Sussex

BN1 1EY

FIXED ASSETS

Tangible assets

4

6,464

112

Investments

5

2

Investment property

6

3,545,000

3,551,466

3,545,114

CURRENT ASSETS

Debtors

7

13,459

9,233

Cash at bank

10,358

9,327

23,817

18,560

CREDITORS

Amounts falling due within one year

8

1,542,711

1,453,332

NET CURRENT LIABILITIES

(1,518,894

)

(1,434,772

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,032,572

2,110,342

CREDITORS

Amounts falling due after more than one
year

9

(440,027

)

(433,575

)

PROVISIONS FOR LIABILITIES

11

(392,594

)

(392,594

)

NET ASSETS

1,199,951

1,284,173

CAPITAL AND RESERVES

Called up share capital

12

1

Investment property fair value reserve

1,243,047

Retained earnings

(43,097

)

41,125

SHAREHOLDERS' FUNDS

1,199,951

1,284,173

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 director acknowledges his 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 director and authorised for issue on 26 September 2025 and were signed by:

R S Nemeth - Director

1.	STATUTORY INFORMATION

R.S. Nemeth 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.

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 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

Revenue is measured at fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances.

Rents

Revenue from rents receivable from the company's investment properties is recognised for the period that the rent covers.

Goods

Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.

Services

Revenue from the services is recognised when the service has been completed.

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

-

20% on cost

Office equipment

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 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.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Office

machinery

equipment

Totals

£

COST

At 1 January 2024

5,996

1,748

7,744

Additions

6,600

-

6,600

At 31 December 2024

12,596

1,748

14,344

DEPRECIATION

At 1 January 2024

5,996

1,636

7,632

Charge for year

220

28

248

At 31 December 2024

6,216

1,664

7,880

NET BOOK VALUE

At 31 December 2024

6,380

84

6,464

At 31 December 2023

-

112

5.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

COST

At 1 January 2024

and 31 December 2024

1

2

NET BOOK VALUE

At 31 December 2024

1

2

At 31 December 2023

1

2

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

3,545,000

NET BOOK VALUE

At 31 December 2024

3,545,000

At 31 December 2023

3,545,000

Fair value at 31 December 2024 is represented by:

£

Revaluation b/fwd

1,635,641

Revaluation in the year

-

Revaluation released on disposal in the year

-

Cost c/fwd

1,909,359

3,545,000

Investment properties were valued on an open market basis on 31 December 2023 by the director.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Amounts owed by group undertakings

5,499

-

Other debtors

7,960

9,233

13,459

9,233

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

5,556

Trade creditors

-

443

Amounts owed to group undertakings

-

350

Other creditors

1,537,155

1,446,983

1,542,711

1,453,332

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

Bank loans

440,027

433,575

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans

402,993

396,538

Repayable by instalments

Bank loans more 5 yr by instal

14,811

14,814

10.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

Bank loans

396,538

396,539

Other Loans

500,000

896,538

896,539

11.	PROVISIONS FOR LIABILITIES

2024

2023

£

Deferred tax

392,594

Deferred

tax

£

Balance at 1 January 2024

392,594

Balance at 31 December 2024

392,594

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

1

Ordinary

£1

1