General Information
Eighteen Real Estate Limited is a private company, limited by shares, registered in , registration number 13384652, registration address 34 Humford Green, Blyth, NE24 4LY.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Fixtures and Fittings |
25 Reducing Balance
|
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
|
| 2. |
Average number of employees
Average number of employees during the year was 2 (2025 : 2).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Fixtures and Fittings |
|
Land and Buildings |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 June 2025 |
3,819 |
|
275,000 |
|
278,819 |
| Additions |
- |
|
- |
|
- |
| Disposals |
- |
|
- |
|
- |
| At 31 May 2026 |
3,819 |
|
275,000 |
|
278,819 |
| Depreciation |
| At 01 June 2025 |
1,232 |
|
- |
|
1,232 |
| Charge for year |
647 |
|
- |
|
647 |
| On disposals |
- |
|
- |
|
- |
| At 31 May 2026 |
1,879 |
|
- |
|
1,879 |
| Net book values |
| Closing balance as at 31 May 2026 |
1,940 |
|
275,000 |
|
276,940 |
| Opening balance as at 01 June 2025 |
2,587 |
|
275,000 |
|
277,587 |
The net book value of Land and Buildings includes £ 275,000 (2025 £275,000) in respect of assets leased under finance leases or hire purchase contracts.
|
| 4. |
Debtors: amounts falling due within one year
|
2026
£ |
|
2025
£ |
| Corporation Tax |
68 |
|
0 |
|
68 |
|
0 |
|
| 4. |
Debtors: amounts falling due after one year
|
2026
£ |
|
2025
£ |
| Other Debtors |
2,513 |
|
2,223 |
|
2,513 |
|
2,223 |
|
| 5. |
Creditors: amount falling due within one year
|
2026
£ |
|
2025
£ |
| Corporation Tax |
0 |
|
161 |
| Accrued Expenses |
0 |
|
276 |
|
0 |
|
437 |
|
| 6. |
Creditors: amount falling due after more than one year
|
2026
£ |
|
2025
£ |
| Bank Loans & Overdrafts (secured) |
5,742 |
|
5,742 |
| Mortgage loan |
174,402 |
|
174,402 |
| Directors' Loan Accounts |
68,098 |
|
67,585 |
|
248,242 |
|
247,729 |
|
3
|