2022-04-012023-03-312023-03-31false13016792Rebase Group 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Rebase Group Ltd

Registered Number
13016792
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

Rebase Group Ltd
Company Information
for the year from 1 April 2022 to 31 March 2023

Directors

Joseph Brennan
William Frankland

Registered Address

North West House
119 Marylebone Road
London
NW1 5PU

Registered Number

13016792 (England and Wales)
Rebase Group Ltd
Statement of Financial Position
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets65,5913,756
5,5913,756
Current assets
Debtors8341,87656,488
Cash at bank and on hand137,293253,820
479,169310,308
Creditors amounts falling due within one year9(414,413)(247,498)
Net current assets (liabilities)64,75662,810
Total assets less current liabilities70,34766,566
Creditors amounts falling due after one year10(16,625)(24,987)
Provisions for liabilities11(1,062)-
Net assets52,66041,579
Capital and reserves
Called up share capital11
Profit and loss account52,65941,578
Shareholders' funds52,66041,579
The financial statements were approved and authorised for issue by the Board of Directors on 1 September 2023, and are signed on its behalf by:
William Frankland
Director
Registered Company No. 13016792
Rebase Group Ltd
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The company's principal activity continues to be that of chartered commercial real estate agents who specialise in the office sector.
4.Accounting policies
Turnover policy
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.
Property, plant and equipment policy
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:

Straight line (years)
Office Equipment3
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
5.Employee information

20232022
Average number of employees during the year55
6.Property, plant and equipment

Office Equipment

Total

££
Cost or valuation
At 01 April 225,6255,625
Additions3,7103,710
At 31 March 239,3359,335
Depreciation and impairment
At 01 April 221,8691,869
Charge for year1,8751,875
At 31 March 233,7443,744
Net book value
At 31 March 235,5915,591
At 31 March 223,7563,756
7.Description of nature of transactions and balances with related parties
During the year, dividends of £360,000 were paid to the shareholders.
8.Debtors

2023

2022

££
Trade debtors / trade receivables329,66451,000
Other debtors7,353-
Prepayments and accrued income4,8595,488
Total341,87656,488
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
9.Creditors within one year

2023

2022

££
Trade creditors / trade payables11,48913,861
Bank borrowings and overdrafts12,13512,135
Amounts owed to related parties127,670102,669
Taxation and social security155,879109,432
Other creditors11,0859,401
Accrued liabilities and deferred income96,155-
Total414,413247,498
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
10.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts16,62524,987
Total16,62524,987
11.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)1,062-
Total1,062-