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Draft
ReanArt Ltd
Registered Number:08536580
For the year ended 31 May 2021
England and Wales
Unaudited Financial Statements
2
Draft
For the year ended 31 May 2021
ReanArt Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Draft
Registered Number :
08536580
As at 31 May 2021
ReanArt Ltd
Statement of Financial Position
£
£
2020
2021
Notes
Fixed assets
Property, plant and equipment
-
171
3
-
171
Current assets
-
Cash and cash equivalents
30,418
30,418
-
Trade and other payables: amounts falling due within one year
(74,489)
(59,165)
4
(74,489)
(28,747)
Net current liabilities
Total assets less current liabilities
(28,747)
(74,318)
Trade and other payables: amounts falling due after more than one
year
(200,000)
(250,000)
5
(278,747)
Net liabilities
(274,318)
Capital and reserves
Called up share capital
6,100
6,100
Retained earnings
(284,847)
(280,418)
(278,747)
(274,318)
Shareholders' funds
For the year ended 31 May 2021 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 of its financial statements for the year ended 31 May 2021 in accordance with Section 476 of the Companies Act 2006
The director acknowledges her responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Ms Zhanna Rean Director
These financial statements were approved and authorised for issue by the Board on 25 July 2022 and were signed by:
The notes form part of these financial statements
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Draft
For the year ended 31 May 2021
ReanArt Ltd
Notes to the Financial Statements
Statutory Information
ReanArt Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number 08536580.
Registered address:
6 St David's Square
London
E14 3WA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard
102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The
financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Property, plant and equipment
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:
Plant and machinery
33% Reducing balance
33% Reducing balance
Computer equipment
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
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5
Draft
For the year ended 31 May 2021
ReanArt Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets
Other
Intangible
Assets
Cost or valuation
£
At 01 June 2020
4,200
At 31 May 2021
4,200
Amortisation
At 01 June 2020
4,200
At 31 May 2021
4,200
Net book value
At 31 May 2021
-
At 31 May 2020
-
3. Property, plant and equipment
Total
Computer
equipment
Plant and
machinery
£
£
£
Cost or valuation
At 01 June 2020
35,378
5,832
29,546
At 31 May 2021
29,546
5,832
35,378
Provision for depreciation and impairment
At 01 June 2020
35,207
5,804
29,403
Charge for year
171
28
143
At 31 May 2021
35,378
5,832
29,546
At 31 May 2021
Net book value
-
-
-
At 31 May 2020
143
28
171
4. Trade and other payables: amounts falling due within one year
2020
2021
£
£
Bank loans and overdraft
-
5,782
Trade creditors
1,020
1,081
Taxation and social security
-
1,859
Directors' loan accounts
58,145
65,767
59,165
74,489
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6
Draft
For the year ended 31 May 2021
ReanArt Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due after more than one year
2020
2021
£
£
Bank loans and overdraft
50,000
-
200,000
200,000
Directors' loan accounts
250,000
200,000
6. Average number of persons employed
During the year the average number of employees was 0
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