REED RESIDENTIAL LTD - Accounts

REED RESIDENTIAL LTD - Accounts

REED RESIDENTIAL LTD - Company Information

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Registered Number: 06281646


 

 

 

REED RESIDENTIAL LTD


Abridged Accounts
 


Period of accounts

Start date: 01 September 2018

End date: 31 August 2019

REED RESIDENTIAL LTD
Contents Page
For the year ended 31 August 2019
Report to the directors on the preparation of the unaudited statutory accounts of REED RESIDENTIAL LTD for the year ended 31 August 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of REED RESIDENTIAL LTD for the year ended 31 August 2019 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of REED RESIDENTIAL LTD, as a body, in accordance with the terms of our engagement letter dated 31 August 2020 Our work has been undertaken solely to prepare for your approval the accounts of REED RESIDENTIAL LTD and state those matters that we have agreed to state to the Board of Directors of REED RESIDENTIAL LTD, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than REED RESIDENTIAL LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that REED RESIDENTIAL LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of REED RESIDENTIAL LTD. You consider that REED RESIDENTIAL LTD is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of REED RESIDENTIAL LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 August 2019



....................................................
MAG ACCOUNTANTS LIMITED
4-York House,
Langston Road
Loughton
IG10 3TQ
31 August 2020
1
 
 		 Notes
 		 2019
£		   2018
£
Fixed assets      
Tangible fixed assets 2 17,386    20,957 
17,386    20,957 
Current assets      
Debtors 123,074    73,574 
Cash at bank and in hand 10,559    19,878 
133,633    93,452 
Creditors: amount falling due within one year (147,193)   (112,729)
Net current assets (13,560)   (19,277)
 
Total assets less current liabilities 3,826    1,680 
Creditors: amount falling due after more than one year 100    0 
Net assets 3,926    1,680 
 

Capital and reserves 		     
Called up share capital 100    100 
Profit and loss account 3,826    1,580 
Shareholders funds 3,926    1,680 
 


For the year ended 31 August 2019 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 31 August 2020 and were signed by:


--------------------------------
Mr Adam REED
Director
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General Information
REED RESIDENTIAL LTD is a private company, limited by shares, registered in , registration number 06281646, registration address 431-435 LONDON ROAD, WESTCLIFF ON SEA ESSEX, , SS0 7HU

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sale taxes.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 20% Reducing Balance
Fixtures and Fittings 15% Straight Line
Computer Equipment 25% Straight Line
2.

Tangible fixed assets

Cost or valuation Land and Buildings   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 September 2018 21,070    7,663    46,699    20,605    96,037 
Additions -    -    -    -    - 
Disposals -    -    -    -    - 
At 31 August 2019 21,070    7,663    46,699    20,605    96,037 
Depreciation
At 01 September 2018 21,070    3,168    32,266    18,576    75,080 
Charge for year -    899    2,165    507    3,571 
On disposals -    -    -    -    - 
At 31 August 2019 21,070    4,067    34,431    19,083    78,651 
Net book values
Closing balance as at 31 August 2019 -    3,596    12,268    1,522    17,386 
Opening balance as at 01 September 2018 -    4,495    14,433    2,029    20,957 


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