Reebex Limited


Acorah Software Products - Accounts Production 14.5.601 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 04851815 Mrs Christine Reasbeck Mr Paul Reasbeck Mr Stephen Reasbeck Mrs Karen Reasbeck Paul Reasbeck true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04851815 2022-07-31 04851815 2023-07-31 04851815 2022-08-01 2023-07-31 04851815 frs-core:CurrentFinancialInstruments 2023-07-31 04851815 frs-core:Non-currentFinancialInstruments 2023-07-31 04851815 frs-core:FurnitureFittings 2023-07-31 04851815 frs-core:FurnitureFittings 2022-08-01 2023-07-31 04851815 frs-core:FurnitureFittings 2022-07-31 04851815 frs-core:RevaluationReserve 2022-07-31 04851815 frs-core:RevaluationReserve 2023-07-31 04851815 frs-core:ShareCapital 2023-07-31 04851815 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 04851815 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 04851815 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 04851815 frs-bus:SmallEntities 2022-08-01 2023-07-31 04851815 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 04851815 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 04851815 1 2022-08-01 2023-07-31 04851815 frs-bus:Director1 2022-08-01 2023-07-31 04851815 frs-bus:Director2 2022-08-01 2023-07-31 04851815 frs-bus:Director3 2022-08-01 2023-07-31 04851815 frs-bus:Director4 2022-08-01 2023-07-31 04851815 frs-bus:CompanySecretary1 2022-08-01 2023-07-31 04851815 frs-core:CurrentFinancialInstruments 1 2023-07-31 04851815 frs-countries:EnglandWales 2022-08-01 2023-07-31 04851815 2021-07-31 04851815 2022-07-31 04851815 2021-08-01 2022-07-31 04851815 frs-core:CurrentFinancialInstruments 2022-07-31 04851815 frs-core:Non-currentFinancialInstruments 2022-07-31 04851815 frs-core:RevaluationReserve 2022-07-31 04851815 frs-core:ShareCapital 2022-07-31 04851815 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31 04851815 frs-core:CurrentFinancialInstruments 1 2022-07-31
Registered number: 04851815
Reebex Limited
Unaudited Financial Statements
For The Year Ended 31 July 2023
Eyre & Co Accountants Limited
294 Balby Road
Doncaster
DN4 0QF
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04851815
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 1,107,637 1,107,637
1,107,637 1,107,637
CURRENT ASSETS
Debtors 5 115,420 140,385
Cash at bank and in hand 54,809 8,197
170,229 148,582
Creditors: Amounts Falling Due Within One Year 6 (6,903 ) (26,475 )
NET CURRENT ASSETS (LIABILITIES) 163,326 122,107
TOTAL ASSETS LESS CURRENT LIABILITIES 1,270,963 1,229,744
Creditors: Amounts Falling Due After More Than One Year 7 (792,637 ) (792,637 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,907 ) (7,907 )
NET ASSETS 470,419 429,200
CAPITAL AND RESERVES
Called up share capital 8 4 4
Revaluation reserve 9 144,082 144,082
Profit and Loss Account 326,333 285,114
SHAREHOLDERS' FUNDS 470,419 429,200
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For the year ending 31 July 2023 the company was entitled to exemption from audit 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Paul Reasbeck
Director
Mr Stephen Reasbeck
Director
17/04/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% on Cost
1.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
1.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
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3. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 August 2022 5,045
As at 31 July 2023 5,045
Depreciation
As at 1 August 2022 5,045
As at 31 July 2023 5,045
Net Book Value
As at 31 July 2023 -
As at 1 August 2022 -
Included in cost of land and buildings is freehold land of £148,140 (2020 - £148,140) which is not depreciated.
4. Investment Property
2023
£
Fair Value
As at 1 August 2022 and 31 July 2023 1,107,637
5. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income - 1,603
Charitable loan 10,000 10,000
Directors' loan accounts 22,191 -
Amounts owed by group undertakings (41,771 ) 3,782
(9,580 ) 15,385
Due after more than one year
Amounts owed by group undertakings 125,000 125,000
125,000 125,000
115,420 140,385
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 1
Corporation tax 5,162 8,247
Accruals 1,741 1,393
Directors' loan accounts - 16,834
6,903 26,475
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7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Amounts owed to group undertakings 792,637 792,637
792,637 792,637
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 4 4
9. Reserves
Revaluation Reserve
£
As at 1 August 2022 144,082
As at 31 July 2023 144,082
10. Related Party Transactions
The company has taken advantage of exemption, under the terms of 'Financial Reporting Standard FRS102 The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to dislose related party transactions with wholly owned subsidiaries within the group.
11. Ultimate Controlling Party
The company is controlled by the directors Paul Reasbeck and Stephen Reasbeck.
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