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Registered number: SC605030
888 Real Estate Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2025
CBS Accountants Ltd
Chartered Accountants
Unit 17, Orbital 25 Business Park
Dwight Road
Watford
Hertfordshire
WD18 9DA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC605030
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 388,387 420,598
388,387 420,598
CURRENT ASSETS
Cash at bank and in hand - 12,300
- 12,300
Creditors: Amounts Falling Due Within One Year 5 (239,660 ) (224,524 )
NET CURRENT ASSETS (LIABILITIES) (239,660 ) (212,224 )
TOTAL ASSETS LESS CURRENT LIABILITIES 148,727 208,374
Creditors: Amounts Falling Due After More Than One Year 6 (281,791 ) (290,652 )
NET LIABILITIES (133,064 ) (82,278 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (133,164 ) (82,378 )
SHAREHOLDERS' FUNDS (133,064) (82,278)
Page 1
Page 2
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Jiang Lei
Director
19/12/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
888 Real Estate Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC605030 . The registered office is Flat 2/2 16 Southpark Avenue, Glasgow, G12 8HZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0
Fixtures & Fittings 25
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 September 2024 417,566 4,603 422,169
Disposals (31,453 ) - (31,453 )
As at 31 August 2025 386,113 4,603 390,716
Depreciation
As at 1 September 2024 - 1,571 1,571
Provided during the period - 758 758
As at 31 August 2025 - 2,329 2,329
Net Book Value
As at 31 August 2025 386,113 2,274 388,387
As at 1 September 2024 417,566 3,032 420,598
5. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1 -
Bank loans and overdrafts 275 -
Other creditors 239,384 224,524
239,660 224,524
6. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 270,716 270,716
BB Loan 11,075 19,936
281,791 290,652
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 4