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REGISTERED NUMBER: 04896449 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2021

FOR

RECREATIVE SOLUTIONS LIMITED

RECREATIVE SOLUTIONS LIMITED (REGISTERED NUMBER: 04896449)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021




Page

Balance Sheet 1

Notes to the Financial Statements 3


RECREATIVE SOLUTIONS LIMITED (REGISTERED NUMBER: 04896449)

BALANCE SHEET
30 NOVEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 665 1,832
Investment property 5 175,000 175,000
175,665 176,832

CURRENT ASSETS
Debtors 6 19,849 19,158
Cash at bank 8,584 9,969
28,433 29,127
CREDITORS
Amounts falling due within one year 7 6,961 8,578
NET CURRENT ASSETS 21,472 20,549
TOTAL ASSETS LESS CURRENT
LIABILITIES

197,137

197,381

CREDITORS
Amounts falling due after more than one
year

8

(152,211

)

(152,212

)

PROVISIONS FOR LIABILITIES (8,576 ) (8,756 )
NET ASSETS 36,350 36,413

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 36,022 36,022
Retained earnings 327 390
SHAREHOLDERS' FUNDS 36,350 36,413

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

RECREATIVE SOLUTIONS LIMITED (REGISTERED NUMBER: 04896449)

BALANCE SHEET - continued
30 NOVEMBER 2021


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2022 and were signed on its behalf by:





Mr A A Khan - Director


RECREATIVE SOLUTIONS LIMITED (REGISTERED NUMBER: 04896449)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

1. Statutory information

Recreative Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04896449

Registered office: Apartment 2
15 High Street
South Milford
Leeds
LS25 5AA

2. Accounting policies

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, excluding value added tax.

In respect of long term contracts and contracts for ongoing services, turnover represents the value of work done during the year, including estimates of amounts not invoiced. Turnover in respect of long term contracts and contracts for ongoing services is recognised by reference to the stage of completion.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Investment property
Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in a separate non-distributable reserve. Deferred taxation is provided for at the rate expected to apply when the property is sold.

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.


RECREATIVE SOLUTIONS LIMITED (REGISTERED NUMBER: 04896449)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2021

2. Accounting policies - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Financial instruments
Financial instruments are classified and accounted for according to the substance of the contractual agreement as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. Employees and directors

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

4. Property, plant and equipment
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 1 December 2020 10,089 7,900 2,780 20,769
Disposals (5,063 ) (7,900 ) (1,132 ) (14,095 )
At 30 November 2021 5,026 - 1,648 6,674
Depreciation
At 1 December 2020 8,890 7,900 2,147 18,937
Charge for year 149 - 412 561
Eliminated on disposal (4,457 ) (7,900 ) (1,132 ) (13,489 )
At 30 November 2021 4,582 - 1,427 6,009
Net book value
At 30 November 2021 444 - 221 665
At 30 November 2020 1,199 - 633 1,832

RECREATIVE SOLUTIONS LIMITED (REGISTERED NUMBER: 04896449)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2021

4. Property, plant and equipment - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
Cost
At 1 December 2020 7,900
Disposals (7,900 )
At 30 November 2021 -
Depreciation
At 1 December 2020 7,900
Eliminated on disposal (7,900 )
At 30 November 2021 -
Net book value
At 30 November 2021 -
At 30 November 2020 -

5. Investment property
Total
£   
Fair value
At 1 December 2020
and 30 November 2021 175,000
Net book value
At 30 November 2021 175,000
At 30 November 2020 175,000

6. Debtors: amounts falling due within one year
2021 2020
£    £   
Other debtors 19,849 19,158

7. Creditors: amounts falling due within one year
2021 2020
£    £   
Hire purchase contracts - 213
Trade creditors 2,094 402
Taxation and social security 2,391 4,913
Other creditors 2,476 3,050
6,961 8,578

RECREATIVE SOLUTIONS LIMITED (REGISTERED NUMBER: 04896449)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2021

8. Creditors: amounts falling due after more than one year
2021 2020
£    £   
Bank loans 152,211 152,212

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans 152,211 152,212

9. Secured debts

The following secured debts are included within creditors:

2021 2020
£    £   
Bank loans 152,211 152,212

Bank loans of £152,211 (2020: £152,212) have been secured by a charge over certain investment properties held by the company dated 20 April 2006. The carrying value of these investment properties is £175,000 (2020: £175,000).

10. Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 30 November 2021 and 30 November 2020:

2021 2020
£    £   
Mr A A Khan
Balance outstanding at start of year 1,418 2,050
Amounts advanced 30,381 1,593
Amounts repaid (12,757 ) (2,225 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,042 1,418

Interest was charged on the above loan at the official rate set by HM Revenue & Customs.