Company registration number 02667272 (England and Wales)
REAL ESTATE INVESTMENT AND TRADING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
REAL ESTATE INVESTMENT AND TRADING LIMITED
COMPANY INFORMATION
Directors
S S Conway
R M Conway
Secretary
A W Porter
Company number
02667272
Registered office
3rd Floor
Sterling House
Langston Road
Loughton
Essex
IG10 3TS
REAL ESTATE INVESTMENT AND TRADING LIMITED
CONTENTS
Page
Statement of financial position
1
Statement of changes in equity
Notes to the financial statements
2 - 5
REAL ESTATE INVESTMENT AND TRADING LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT 30 MARCH 2025
30 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Inventories
5,571,579
5,538,647
Trade and other receivables
4
362,446
347,238
Cash and cash equivalents
4,970
12,436
5,938,995
5,898,321
Current liabilities
6
(3,050,621)
(2,901,845)
Net current assets
2,888,374
2,996,476
Non-current liabilities
5
(2,956,417)
(2,956,417)
Net (liabilities)/assets
(68,043)
40,059
Equity
Called up share capital
100
100
Retained earnings
(68,143)
39,959
Total equity
(68,043)
40,059

For the financial year ended 30 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 13 November 2025 and are signed on its behalf by:
S S Conway
Director
Company registration number 02667272 (England and Wales)
REAL ESTATE INVESTMENT AND TRADING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2025
- 2 -
1
Accounting policies
Company information

Real Estate Investment And Trading Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3rd Floor, Sterling House, Langston Road, Loughton, Essex, IG10 3TS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The preparation of financial statements in compliance with FRS102 Section 1A Small Entities requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the accounting policies. The following principal accounting policies have been applied:

1.2
Inventories

Inventories are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition.

Inventories held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of inventories over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Financial instruments

Financial assets, other than investments, are initially measured at transaction price and subsequently held at cost, less any impairment.

Financial liabilities are measured initially at transaction price and subsequently at amortised cost.

Financial liabilities and equity are classified according to the substance of the instrument's contractual obligation, rather than its legal form.

Finance costs are charged to profit and loss over the term of the debt using the effective interest rate method so that the amount charged is at a constant rate on the carrying amount.

REAL ESTATE INVESTMENT AND TRADING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.6
Taxation

The tax expense for the period comprises current and deferred tax.

Current tax

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantially enacted by the reporting date.

1.7
Leases

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
4
4
4
Trade and other receivables
2025
2024
Amounts falling due within one year:
£
£
Trade receivables
24,543
20,599
Other receivables
337,903
326,639
362,446
347,238
REAL ESTATE INVESTMENT AND TRADING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 MARCH 2025
4
Trade and other receivables
(Continued)
- 4 -

All amounts fall due for payment within one year.

5
Non-current liabilities
2025
2024
£
£
Bank loans and overdrafts
2,956,417
2,956,417
6
Current liabilities
2025
2024
£
£
Trade payables
19,243
4,145
Other taxation and social security
2,257
-
0
Other payables
3,029,121
2,897,700
3,050,621
2,901,845

There are no amounts included under current liabilities which are payable or repayable other than by instalments and fall due for payment or repayment after the end of the period of five years beginning with the day next following reporting date.

REAL ESTATE INVESTMENT AND TRADING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 MARCH 2025
- 5 -
7
Related party transactions

Includ ed in other payables is £220,946 (20 24 - £220,946) due to Lancelot Management Limited, a company of which S S Conway is also a director and £1,739,728 (20 24 - £1,725,053), £1,152 (2024 - £Nil) and £80,927 (2024 - £4,677) due to Galliard Homes Limited, Galliard Construction Limited and Galliard Estates Limited respectively, companies of which S S Conway and R M Conway are also director s.

Also i ncluded in o ther payables is £Nil (20 24 - £266) due to R M Conway a shareholder and director of the company.

Included in other receivables is £20,420 (20 24 - £30,611) due from R M Conway a shareholder and director of the company and £30,993 (20 24 - £61,222) due from other members of his family.

Also included in other receivables is £208,490 (2024 - £161,368) due from Vinepost Limited, a company of which R M Conway is also a director.

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