Real Estate Evolution Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 03804544 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

REAL ESTATE EVOLUTION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P A E Bull

SECRETARY:

J A Ensor

REGISTERED OFFICE:

Ludwell House

2 Guildford Street

Chertsey

Surrey

KT16 9BQ

REGISTERED NUMBER:

03804544 (England and Wales)

ACCOUNTANTS:

H.G.Field & Co.

Accountants and Financial Advisors

Ludwell House

2 Guildford Street

Chertsey

Surrey

KT16 9BQ

FIXED ASSETS

Tangible assets

3

182

263

Investments

4

1

1

183

264

CURRENT ASSETS

Debtors

5

39,268

13,574

Cash at bank

6,374

-

45,642

13,574

CREDITORS

Amounts falling due within one year

6

31,481

37,838

NET CURRENT ASSETS/(LIABILITIES)

14,161

(24,264

)

TOTAL ASSETS LESS CURRENT LIABILITIES

14,344

(24,000

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

14,342

(24,002

)

SHAREHOLDERS' FUNDS

14,344

(24,000

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 17 November 2017 and were signed by:

P A E Bull - Director

1.	STATUTORY INFORMATION

Real Estate Evolution 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Real Estate Evolution Limited as an individual company and

do not contain consolidated financial information as the parent of a group. The company has taken the option

under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover

Turnover represents invoiced sales of services provided, shown net of VAT.

Tangible fixed assets

Tangible Fixed Assets are depreciated in accordance with the following rates

Computer Equipment. In equal instalments over 3 years.

Fixtures and Fittings. At 20% per annum on a reducing balance method.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

3.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2016

and 31 December 2016

383

2,676

3,059

DEPRECIATION

At 1 January 2016

213

2,583

2,796

Charge for year

34

47

81

At 31 December 2016

247

2,630

2,877

NET BOOK VALUE

At 31 December 2016

136

46

182

At 31 December 2015

170

93

263

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2016

and 31 December 2016

1

NET BOOK VALUE

At 31 December 2016

1

At 31 December 2015

1

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Real Estate Land Ltd

Registered office: Inside the UK

Nature of business: Land Development

%

Class of shares:

holding

Ordinary

50.00

31.12.16

31.12.15

£

£

Aggregate capital and reserves

(79,816

)

(77,686

)

Loss for the year

(2,132

)

(14,892

)

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade debtors

30,660

-

Amounts owed by group undertakings

7,953

6,038

Other debtors

655

7,536

39,268

13,574

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Bank loans and overdrafts

-

94

Trade creditors

1

1

Taxation and social security

19,192

13,817

Other creditors

12,288

23,926

31,481

37,838

7.	RELATED PARTY DISCLOSURES

The company is controlled by the director as he owns all of the issued share capital. During the period the

company made some repayments to the director amounting to £11,635. At the end of the period the amount owed

to the director was £ 7,888 ( 2016 owed £19,523 ).