Accounts filed on 28-02-2020

Accounts filed on 28-02-2020

REEFDENE LTD. - Company Information

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Registered number: 07021631
Reefdene Limited
ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2020
Prepared By:
Willow Accounting & Consultancy
Chartered Certified Accountants
3a Springfield Road
Poole
Dorset
BH14 0LG
Reefdene Limited
ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2020
DIRECTORS
Nick Jenkins
REGISTERED OFFICE
Orchard Cottage
Tarrant Monkton
Blandford Forum
Dorset
DT11 8RX
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 07021631
ACCOUNTANTS
Willow Accounting & Consultancy
Chartered Certified Accountants
3a Springfield Road
Poole
Dorset
BH14 0LG
Reefdene Limited
ACCOUNTS
FOR THEYEARENDED28 FEBRUARY 2020
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Reefdene Limited
BALANCE SHEET AT 28 February 2020
20202019
Notes££
FIXED ASSETS
Tangible assets2121,228122,428
CURRENT ASSETS
Debtors3-2,491
Cash at bank and in hand229227
2292,718
CREDITORS: Amounts falling due within one year4224,992224,470
NET CURRENT LIABILITIES(224,763)(221,752)
TOTAL ASSETS LESS CURRENT LIABILITIES(103,535)(99,324)
PROVISIONS FOR LIABILITIES AND CHARGES675,00075,000
NET LIABILITIES(178,535)(174,324)
CAPITAL AND RESERVES
Called up share capital711
Profit and loss account(178,536)(174,325)
SHAREHOLDERS' FUNDS(178,535)(174,324)
For the year ending 28 February 2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 18 February 2021 and signed on their behalf by
.............................
Nick Jenkins
Director
Reefdene Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2020
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Going Concern
These financial statements have been prepared on the going concern basis. Assurances have been received from the director/shareholder of his continuing financial support.
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Long Leasehold Propertiesstraight line 0.95%
2. TANGIBLE FIXED ASSETS
Long Leasehold
PropertiesTotal
££
Cost
At 1 March 2019126,028126,028
At 28 February 2020126,028126,028
Depreciation
At 1 March 20193,6003,600
For the year1,2001,200
At 28 February 20204,8004,800
Net Book Amounts
At 28 February 2020121,228121,228
At 28 February 2019122,428122,428
Reefdene Limited
3. DEBTORS 20202019
££
Amounts falling due within one year
Other debtors-2,491
-2,491
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20202019
££
VAT1,3681,468
PAYE control234234
Payments received on account219,865219,423
Trade creditors1,9801,800
Accruals1,5451,545
224,992224,470
The payment on account is in respect of a long term contract.
5. EMPLOYEES
20202019
No.No.
Average number of employees--
6. PROVISIONS FOR LIABILITIES 20202019
££
Other provisions75,00075,000
75,00075,000
Payment of the provision is contingent on the occurrence of a specific future event.
Reefdene Limited
7. SHARE CAPITAL 20202019
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11
8. CONTROLLING PARTY
The company is controlled by Nick Jenkins.