The Remet Property Company Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03304620 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

THE REMET PROPERTY COMPANY LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

P J Brewer

S Cohen

W Reid

SECRETARY:

R Joseph

REGISTERED OFFICE:

Remet Works

9a Cody Business Centre

South Crescent

London

E16 4TL

REGISTERED NUMBER:

03304620 (England and Wales)

ACCOUNTANTS:

mgr Paris Limited

Chartered Accountants

55 Loudoun Road

St John's Wood

London

NW8 0DL

FIXED ASSETS

Investments

4

1

Investment property

5

24,740,665

25,490,665

24,740,666

25,490,666

CURRENT ASSETS

Debtors

6

8,895,047

8,743,182

Cash at bank

965,197

550,464

9,860,244

9,293,646

CREDITORS

Amounts falling due within one year

7

(3,052,215

)

(2,968,593

)

NET CURRENT ASSETS

6,808,029

6,325,053

TOTAL ASSETS LESS CURRENT LIABILITIES

31,548,695

31,815,719

CREDITORS

Amounts falling due after more than one
year

8

(9,371,999

)

(10,438,499

)

PROVISIONS FOR LIABILITIES

11

(1,178,006

)

(1,178,006

)

NET ASSETS

20,998,690

20,199,214

CAPITAL AND RESERVES

Called up share capital

12

300

Share option reserve

1,079,235

Retained earnings

19,919,155

19,119,679

SHAREHOLDERS' FUNDS

20,998,690

20,199,214

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 September 2026 and were signed on its behalf by:

P J Brewer - Director

1.	STATUTORY INFORMATION

The Remet Property Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

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 as modified by the revaluation of certain assets.

Monetary amounts are rounded to the nearest pound (£).

Turnover

Turnover represents income receivable from letting of the investment properties.

Investments in associates

Investments in subsidiary and associate undertakings are recognised at cost less any provision for impairment. Profits or losses arising from disposals of fixed asset investments are treated as part of the results from ordinary activities.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 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 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.

Interest receivable

Interest payable is charged to the profit and loss account on an accruals basis.

Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction and where material are subsequently measured at amortised cost using the effective interest method, less any impairment.

Impairment of financial assets

Financial assets, other than those held at fair value are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership to another entity

Basic financial liabilities

Basic financial liabilities, including trade and other payables and loans from company undertakings that are classified as debt are initially measured at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at the market rate of interest.

Cash and cash equivalents

Cash and cash equivalents include cash in hand and deposits held at call with banks.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 April 2025

and 31 March 2026

1

NET BOOK VALUE

At 31 March 2026

1

At 31 March 2025

1

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Associated company

Chaleworth Limited

Registered office:

Nature of business: Property Investment

%

Class of shares:

holding

Ordinary

50.00

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

25,490,665

Disposals

(750,000

)

At 31 March 2026

24,740,665

NET BOOK VALUE

At 31 March 2026

24,740,665

At 31 March 2025

25,490,665

Fair value at 31 March 2026 is represented by:

£

Valuation in 2016

4,940,190

Valuation in 2022

1,703,342

Valuation in 2023

(55,000

)

Valuation in 2024

1,209,903

Cost

16,942,230

24,740,665

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

31.3.26

31.3.25

£

Cost

16,942,230

19,141,195

Freehold land and buildings were valued on an open market basis on 31 March 2025 by W Reid, a director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Trade debtors

263,401

293,883

Amounts owed by group undertakings

2,067,497

Other debtors

6,564,149

6,381,802

8,895,047

8,743,182

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Bank loans and overdrafts (see note 9)

1,116,500

1,126,500

Trade creditors

43,401

(15,448

)

Taxation and social security

370,831

304,238

Other creditors

1,521,483

1,553,303

3,052,215

2,968,593

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

Bank loans (see note 9)

9,371,999

10,438,499

9.

LOANS

An analysis of the maturity of loans is given below:

31.3.26

31.3.25

£

Amounts falling due within one year or on demand:

Bank Loans

1,116,500

1,126,500

Amounts falling due between one and two years:

Bank Loans

1,116,500

1,126,500

Amounts falling due between two and five years:

Bank Loans

8,255,499

9,311,999

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

Bank loans

10,488,499

11,564,999

11.	PROVISIONS FOR LIABILITIES

31.3.26

31.3.25

£

Deferred tax

1,178,006

Deferred

tax

£

Balance at 1 April 2025

1,178,006

Balance at 31 March 2026

1,178,006

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

3,000

Ordinary

10p

300

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The interest is charged at 3.25% for this year. The loan is repayable on demand.