REGISTERED NUMBER: 01363727 (England and Wales)

Unaudited Financial Statements for the Year Ended 24 March 2025

for

Royel Developments Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

5

1

1

Investment property

6

1,150,000

1,150,000

1,150,001

1,150,001

CURRENT ASSETS

Debtors

7

23,315

20,974

Cash at bank

124,578

122,474

147,893

143,448

CREDITORS

Amounts falling due within one year

8

355,051

364,512

NET CURRENT LIABILITIES

(207,158

)

(221,064

)

TOTAL ASSETS LESS CURRENT LIABILITIES

942,843

928,937

PROVISIONS FOR LIABILITIES

154,945

154,945

NET ASSETS

787,898

773,992

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

9

746,771

746,771

Retained earnings

41,027

27,121

SHAREHOLDERS' FUNDS

787,898

773,992

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 24 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 24 March 2025 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 11 December 2025 and were signed on its behalf by:

C W Lewis - Director

1.	STATUTORY INFORMATION

Royel Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

01363727

Registered office:

16 Wigmore Street

London

W1U 2RF

The presentation currency of the financial statements is the Pound Sterling (£).

2.	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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value.

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company.

Given that the company is in a net asset position, the directors consider it appropriate to prepare the accounts on a going concern basis.

Turnover

Turnover represents rent receivable from investment properties. Income is recognised on an accruals basis, with any outstanding rental income at the year end included within trade debtors. Any rent received which relates to future periods, is included as deferred income.

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 etc

-

15% per annum on reducing balance

Investment property

Investment property, which is property held to earn rental income and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently, it is measured at fair value at the balance sheet date. The surplus or deficit on revaluation is recognised in the profit and loss account..

Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

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 receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Equity instruments

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

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 25 March 2024

and 24 March 2025

1,677

DEPRECIATION

At 25 March 2024

and 24 March 2025

1,676

NET BOOK VALUE

At 24 March 2025

1

At 24 March 2024

1

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 25 March 2024

and 24 March 2025

1,150,000

NET BOOK VALUE

At 24 March 2025

1,150,000

At 24 March 2024

1,150,000

Fair value at 24 March 2025 is represented by:

£

Valuation in 1997

208,567

Valuation in 2020

693,149

Cost

248,284

1,150,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

248,284

248,284

Investment properties were valued on an open market basis on 24 March 2025 by the directors. .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

11,315

8,974

Other debtors

12,000

12,000

23,315

20,974

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other creditors

355,051

364,512

9.

RESERVES

Fair

value

reserve

£

At 25 March 2024

and 24 March 2025

746,771

10.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed £12,000 (2024; £12,000) and owed a total of £346,788 (2024: £358,776) by/to companies in which the director, Mr C Lewis, is both a director and shareholder.