Right Track Property Investment Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 13259828 (England and Wales)

Unaudited Financial Statements

for the Period 1 April 2024 to 31 December 2024

for

Right Track Property Investment Ltd

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Investment property

4

34,843

5,000

CURRENT ASSETS

Debtors

5

719,012

577,834

Cash at bank

5,020

22,666

724,032

600,500

CREDITORS

Amounts falling due within one year

6

759,751

541,043

NET CURRENT (LIABILITIES)/ASSETS

(35,719

)

59,457

TOTAL ASSETS LESS CURRENT
LIABILITIES

(876

)

64,457

CREDITORS

Amounts falling due after more than
one year

7

142,581

112,162

NET LIABILITIES

(143,457

)

(47,705

)

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

(143,557

)

(47,805

)

SHAREHOLDERS' FUNDS

(143,457

)

(47,705

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period 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 20 December 2025 and were signed on its behalf by:

Mr Jurgen Pieter Christiaan Spoor - Director

1.	STATUTORY INFORMATION

Right Track Property Investment Ltd 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:

13259828

Registered office:

01 Meadlake Place

Thorpe Lea Road

Egham

Surrey

TW20 8HE

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.

Investment property

The investment property has been stated at cost. The Board do not consider the fair value of the property to be materially different from the value disclosed.

Taxation

Taxation for the period 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

Going concern

The company has net liabilities of £143,457. The accounts have been prepared on a going concern basis as the directors have confirmed that they will continue to provide financial support to the company for the foreseeable future.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

COST

At 1 April 2024

5,000

Additions

29,843

At 31 December 2024

34,843

NET BOOK VALUE

At 31 December 2024

34,843

At 31 March 2024

5,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.3.24

£

Other debtors

719,012

577,834

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.3.24

£

Other creditors

759,751

541,043

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

31.12.24

31.3.24

£

Other creditors

142,581

112,162

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

112,162

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.3.24

value:

£

100

Ordinary

£1

100

9.	RELATED PARTY DISCLOSURES

The company owes £42,530 (2024.03.31: £445) to its director, Mr Jurgen Pieter Christiaan Spoor as at accounting year end date.

The company owes £353 (2024.03.31: £353) to its director, Mr Job Wim Alexander as at accounting year end date.

The company owes £142,581 including €35,000 (2024.03.31: £112,162) to El Vendedor B.V., a company registered in Netherlands (Company registered number: 67276474), who is also a sole shareholder of the company as at accounting year end date.

The company was owed £48,701 (2024.03.31: £49,549) from Right Track Property Trading Ltd, a company registered in United Kingdom (Company registered number: 13259588). Mr Jurgen Pieter Christiaan Spoor is also a director of this company as at accounting year end date.

The company was owed £655,690 (2024.03.31: £469,272) from Ciconia Trading Ltd, a company registered in United Kingdom (Company registered number: 11310705). Mr Job Wim Alexander is also a director of this company as at accounting year end date.