Remmus Wintons Ltd Filleted accounts for Companies House (small and micro)

REMMUS WINTONS LTD - Company Information

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COMPANY REGISTRATION NUMBER: 14085010

REMMUS WINTONS LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

30 April 2023

REMMUS WINTONS LTD

STATEMENT OF FINANCIAL POSITION

30 April 2023

	30 Apr 23
Note	£	£

Current assets

Stocks		1,502,489
Debtors	4	2,277
Cash at bank and in hand		30,258
		-------------
		1,535,024

Creditors: amounts falling due within one year	5	940,885
		-------------
Net current assets			594,139
			----------
Total assets less current liabilities			594,139

Creditors: amounts falling due after more than one year	6	634,105
		----------
Net liabilities		( 39,966)
		----------

Capital and reserves

Called up share capital		1
Profit and loss account		( 39,967)
		---------
Shareholders deficit		( 39,966)
		---------

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 Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the period ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

REMMUS WINTONS LTD

STATEMENT OF FINANCIAL POSITION (continued)

30 April 2023

These financial statements were approved by the board of directors and authorised for issue on 30 January 2024 , and are signed on behalf of the board by:

Mr S Watling
Director

Company registration number: 14085010

REMMUS WINTONS LTD

NOTES TO THE FINANCIAL STATEMENTS

PERIOD FROM 4 MAY 2022 TO 30 APRIL 2023

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 168 Church Road, Hove, East Sussex, BN3 2DL.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors. The directors consider that the uncertainty caused in the company's industry as a result of Coronavirus and the recovery from the restrictions put in place by the government should not affect the company's ability to continue as a going concern. This assumption has been continued as the economy is hit by the cost of living crisis, and world economic impact of the war in Ukraine.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Debtors

	30 Apr 23
	£
Other debtors	2,277
	-------

5. Creditors: amounts falling due within one year

	30 Apr 23
	£
Trade creditors	1,104
Amounts owed to group undertakings and undertakings in which the company has a participating interest	938,281
Other creditors	1,500
	----------
	940,885
	----------

6. Creditors: amounts falling due after more than one year

	30 Apr 23
	£
Bank loans and overdrafts	634,105
	----------

7. Related party transactions

The company is a 100% subsidiary of Remmus Designer Homes Limited, a company incorporated in England & Wales. As at 30 April 2023 the company owed Remmus Designer Homes Limited £901,581.

8. Controlling party

The ultimate controlling party is the director, Mr S Watling .