RTLT Estates Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09835433 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2018

FOR

RTLT ESTATES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R E Tantrum

Mrs L Tantrum

SECRETARY:

REGISTERED OFFICE:

96-98 Castle Lane West

Bournemouth

Dorset

BH9 3JU

REGISTERED NUMBER:

09835433 (England and Wales)

ACCOUNTANTS:

Paget Reid York

96 Castle Lane West

Bournemouth

Dorset

BH9 3JU

FIXED ASSETS

Tangible assets

4

125

167

Investment property

5

456,000

417,470

456,125

417,637

CURRENT ASSETS

Cash at bank

41,057

19,853

CREDITORS

Amounts falling due within one year

6

6,566

1,823

NET CURRENT ASSETS

34,491

18,030

TOTAL ASSETS LESS CURRENT LIABILITIES

490,616

435,667

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

489,616

434,667

SHAREHOLDERS' FUNDS

490,616

435,667

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2018 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 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 Board of Directors on 16 August 2018 and were signed on its behalf by:

R E Tantrum - Director

1.	STATUTORY INFORMATION

RTLT Estates Ltd 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

25% on reducing balance

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet 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.

4.	TANGIBLE FIXED ASSETS

Improvements

to

property

£

COST

At 6 April 2017

and 5 April 2018

296

DEPRECIATION

At 6 April 2017

129

Charge for year

42

At 5 April 2018

171

NET BOOK VALUE

At 5 April 2018

125

At 5 April 2017

167

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 6 April 2017

417,470

Revaluations

38,530

At 5 April 2018

456,000

NET BOOK VALUE

At 5 April 2018

456,000

At 5 April 2017

417,470

Fair value at 5 April 2018 is represented by:

£

Valuation in 2018

38,530

Cost

417,470

456,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.18

5.4.17

£

£

Trade creditors

1,715

1,310

Taxation and social security

3,838

-

Other creditors

1,013

513

6,566

1,823

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 5 April 2018 and 5 April 2017:

5.4.18

5.4.17

£

£

R E Tantrum

Balance outstanding at start of year

513

-

Amounts advanced

-

513

Amounts repaid

(513

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

513

8.	RELATED PARTY DISCLOSURES

Vitec Ceilings and Partitions Ltd

A company controlled by the director Mr R Tantrum.

During the previous year ended 05.04.16, the company was lent £435,000 under a 10 year loan agreement

charging 7.5% per annum interest, secured by Vitec Ceilings and Partitions Ltd.

During this year ended 05.04.17, the £435,000 loan was written off by a signed deed of release dated 14th

February 2017 between both companies.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is R E Tantrum.