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Company registration number:
03570938
Realelm Limited
Unaudited Filleted Financial Statements for the year ended
31 December 2025
Realelm Limited
Statement of Financial Position
31 December 2025
20252024
Note££
Fixed assets    
Intangible assets 5
354,573
 
398,894
 
Tangible assets 6
4,907,410
 
4,908,269
 
Investments 7
1
 
1
 
5,261,984
 
5,307,164
 
Current assets    
Debtors 8
379,965
 
390,942
 
Cash at bank and in hand
171,185
 
146,590
 
551,150
 
537,532
 
Creditors: amounts falling due within one year 9
(167,809
 )
(137,996
 )
Net current assets
383,341
 
399,536
 
Total assets less current liabilities 5,645,325   5,706,700  
Creditors: amounts falling due after more than one year 10
(2,050,922
 )
(2,130,023
 )
Provisions for liabilities
(332,222
 )
(331,963
 )
Net assets
3,262,181
 
3,244,714
 
Capital and reserves    
Called up share capital
2
 
2
 
Profit and loss account
3,262,179
 
3,244,712
 
Shareholders funds
3,262,181
 
3,244,714
 
For the year ending
31 December 2025
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The 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 director acknowledges their responsibilities for complying with the requirements of the Act 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.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
17 August 2026
, and are signed on behalf of the board by:
A Kyprianou
Director
Company registration number:
03570938
Realelm Limited
Notes to the Financial Statements
Year ended
31 December 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
5 Kensington
,
High Street
,
London
,
W8 5NP
, England.
The principal activity of the company is that of property letting.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the presentation and functional currency of the company.
The following accounting policies have been applied consistently throughout the year.

Judgements and key sources of estimation uncertainty

The company makes certain estimates and assumptions regarding the future. Estimates and judgements are continually evaluated based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In the future, actual experience may differ from these estimates and assumptions. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial period are discussed below.
- Useful lives of depreciable assets
Management reviews the useful lives of depreciable assets at each reporting date to ensure that the useful lives represent a reasonable estimate of likely period of benefit to the Company. Actual useful lives, however, may vary due to unforseen events.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Intangible assets

Intangible assets are initially measured at cost and are subsequently measured at cost less any accumulated amortisation and accumulated impairment losses or at a revalued amount. However, Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Any intangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
25% reducing balance
Fixtures, fittings and equipment
25% reducing balance

Fixed asset investments

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in subsidiaries, associates and joint ventures accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income or profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Other fixed asset investments which are listed are measured at fair value with changes in fair value being recognised in profit or loss.
All other Investments held as fixed assets are initially recorded at cost, and are subsequently stated at cost less any accumulated impairment losses.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generat

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Investment property

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

4 Average number of employees

The average number of persons employed by the company during the year was
1
(2024:
1.00
).

5 Intangible assets

Other intangible assets
£
Cost  
At
1 January 2025
and
31 December 2025
443,215
 
Amortisation  
At
1 January 2025
44,321
 
Charge
44,321
 
At
31 December 2025
88,642
 
Carrying amount  
At
31 December 2025
354,573
 
At 31 December 2024
398,894
 

6 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 January 2025
and
31 December 2025
4,904,834
 
210,825
 
5,115,659
 
Depreciation      
At
1 January 2025
 -  
207,390
 
207,390
 
Charge -  
859
 
859
 
At
31 December 2025
 -  
208,249
 
208,249
 
Carrying amount      
At
31 December 2025
4,904,834
 
2,576
 
4,907,410
 
At 31 December 2024
4,904,834
 
3,435
 
4,908,269
 
The fair value of the property at 31 December 2025 has been arrived at on the basis of a valuation carried out at the date by Mr A Kyprianou, the director of the company who is not a professionally qualified valuer. The historical cost of the property is £2,194,151 (2024 £2,194,151).

7 Investments

Shares in group undertakings and participating interests
£
Cost  
At
1 January 2025
1
 
At
31 December 2025
1
 
Impairment  
At
1 January 2025
and
31 December 2025
 -  
Carrying amount  
At
31 December 2025
1
 
At 31 December 2024
1
 

8 Debtors

20252024
££
Trade debtors
30,493
 
25,021
 
Amounts owed by group undertakings and undertakings in which the company has a participating interest
328,286
 
348,320
 
Other debtors
21,186
 
17,601
 
379,965
 
390,942
 

9 Creditors: amounts falling due within one year

20252024
££
Bank loans and overdrafts
68,319
 
54,150
 
Trade creditors
7,481
 
12,765
 
Taxation and social security
64,007
 
42,046
 
Other creditors
28,002
 
29,035
 
167,809
 
137,996
 

10 Creditors: amounts falling due after more than one year

20252024
££
Bank loans and overdrafts
2,050,922
 
2,130,023
 
In 2021 the company refinanced its existing loan with Eurobank Cyprus Ltd. This is a 10 year capital repayment loan with interest being charged at a variable rate of 2.75% above the three month sterling LIBOR. The balance due at at the year end was £2,093,779 (2024 - £2,153,155). The loan is secured by a first legal charge over the company's property and a guarantee from A Kyprianou for the amount of the loan.
The company took out a loan of £50,000 in 2020 with Barclays Bank. This is a 10 year capital repayment loan with interest charged at 2.5% per annum. The balance of the loan as at the year end was £25,462 (2024- £31,017) and the facility is supported by the Bounce Back Loan Scheme.

12 Controlling party

The ultimate controlling party is the director Mr A Kyprianou.