Rebal Estates Limited - Accounts to registrar (filleted) - small 18.2

Rebal Estates Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 04467921 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2021

for

Rebal Estates Limited

Rebal Estates Limited (Registered number: 04467921)






Contents of the Financial Statements
for the Year Ended 31 March 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rebal Estates Limited

Company Information
for the Year Ended 31 March 2021







DIRECTORS: Mr M C Davies
Mrs J E Davies





SECRETARY: Mr M C Davies





REGISTERED OFFICE: The Coach House
The Villlage
Burton
Wirral
CH64 5TE





REGISTERED NUMBER: 04467921 (England and Wales)





ACCOUNTANTS: Thompson Jones Business Solutions Limited
2 Heap Bridge
Bury
Lancashire
BL9 7HR

Rebal Estates Limited (Registered number: 04467921)

Balance Sheet
31 March 2021

2021 2020
Notes £    £   
FIXED ASSETS
Tangible assets 5 805 1,150
Investment property 6 4,173,500 4,173,500
4,174,305 4,174,650

CURRENT ASSETS
Debtors 7 - 6,705
Cash at bank 75,823 6,651
75,823 13,356
CREDITORS
Amounts falling due within one year 8 (261,708 ) (248,111 )
NET CURRENT LIABILITIES (185,885 ) (234,755 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,988,420

3,939,895

CREDITORS
Amounts falling due after more than one
year

9

(175,153

)

(210,646

)

PROVISIONS FOR LIABILITIES (320,100 ) (320,100 )
NET ASSETS 3,493,167 3,409,149

CAPITAL AND RESERVES
Called up share capital 20 20
Revaluation reserve 11 2,176,132 2,176,132
Retained earnings 1,317,015 1,232,997
SHAREHOLDERS' FUNDS 3,493,167 3,409,149

Rebal Estates Limited (Registered number: 04467921)

Balance Sheet - continued
31 March 2021


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2021 and were signed on its behalf by:





Mr M C Davies - Director


Rebal Estates Limited (Registered number: 04467921)

Notes to the Financial Statements
for the Year Ended 31 March 2021

1. GENERAL INFORMATION

The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
The Coach House
The Village
Burton
Wirral
CH64 5TE

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention.

REVENUE RECOGNITION
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 30% on reducing balance

INVESTMENT PROPERTY
Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are 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.

Rebal Estates Limited (Registered number: 04467921)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2021

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2020 - 3 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2020
and 31 March 2021 10,640
DEPRECIATION
At 1 April 2020 9,490
Charge for year 345
At 31 March 2021 9,835
NET BOOK VALUE
At 31 March 2021 805
At 31 March 2020 1,150

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2020
and 31 March 2021 4,173,500
NET BOOK VALUE
At 31 March 2021 4,173,500
At 31 March 2020 4,173,500

On 31 March 2021 the directors did not consider the fair value of the investment properties to be materially different to the above amount.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors - 6,705

Rebal Estates Limited (Registered number: 04467921)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2021

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts (see note 10) 65,690 62,447
Trade creditors 4,834 818
Taxation and social security 39,260 29,485
Other creditors 151,924 155,361
261,708 248,111

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans (see note 10) 175,153 210,646

10. LOANS

Bank loans and overdrafts (secured on the assets of the company) amounted to £240,844(2020: £273,093).

11. RESERVES
Revaluation
reserve
£   
At 1 April 2020
and 31 March 2021 2,176,132