Reef Estates (Wimbledon) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10719882 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

REEF ESTATES (WIMBLEDON) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P A Slater

S A Deering

E Q Slater

SECRETARY:

E Q Slater

REGISTERED OFFICE:

3rd Floor, 51 Welbeck Street

London

W1G 9HL

REGISTERED NUMBER:

10719882 (England and Wales)

AUDITORS:

Geo. Little, Sebire & Co.

Statutory Auditors

Chartered Accountants

Oliver House

23 Windmill Hill

Enfield

EN2 7AB

CURRENT ASSETS

Stocks

451,680

-

Debtors

3

4,420

1

Cash at bank

7,372

-

463,472

1

CREDITORS

Amounts falling due within one year

4

465,213

-

NET CURRENT (LIABILITIES)/ASSETS

(1,741

)

1

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,741

)

1

CAPITAL AND RESERVES

Called up share capital

5

1

1

Retained earnings

(1,742

)

-

SHAREHOLDERS' FUNDS

(1,741

)

1

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 on 30 December 2019 and were signed on its behalf by:

E Q Slater - Director

1.	STATUTORY INFORMATION

Reef Estates (Wimbledon) 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 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.

The company meets its day to day working capital requirements with the support of its parent company, Reef

Estates Limited.

Reef Estates Limited has provided an assurance that it will continue to provide financial support to Reef Estates

(Wimbledon) Limited. Furthermore, the directors have prepared projected cash flow and profit and loss

information for the period ending 12 months from the date of approval of these financial statements. On the basis

of the forecast information, the directors consider it appropriate to prepare the financial statements on the going

concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the

financial support of the parent company.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Amounts owed by group undertakings

-

1

Other debtors

4,420

-

4,420

1

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade creditors

8,420

-

Amounts owed to group undertakings

400,093

-

Other creditors

56,700

-

465,213

-

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.19

31.3.18

value:

£

£

1

ordinary

£1

1

1

6.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

G A Cleaver (Senior Statutory Auditor)

for and on behalf of Geo. Little, Sebire & Co.

7.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

8.	APB ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns

to the tax authorities and assist with the preparation of the financial statements.

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by Reef Estates Limited, its immediate parent undertaking.

The only group in which the results of the company are consolidated is that headed by Reef Estates Limited,

based at the same registered office. Accounts for the group are publicly available and can be obtained from

Companies House.