REVERIE LIMITED

Company Registration Number:
03987987 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2023

Period of accounts

Start date: 01 February 2022

End date: 31 January 2023

REVERIE LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2023

Balance sheet
Notes

REVERIE LIMITED

Balance sheet

As at 31 January 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 113,398 834,302
Total fixed assets: 113,398 834,302
Current assets
Stocks: 159,256 164,191
Debtors:   25,196 21,334
Cash at bank and in hand: 82,852 692,288
Total current assets: 267,304 877,813
Creditors: amounts falling due within one year: 4 (145,494) (188,562)
Net current assets (liabilities): 121,810 689,251
Total assets less current liabilities: 235,208 1,523,553
Provision for liabilities: (23,508) (24,100)
Total net assets (liabilities): 211,700 1,499,453
Capital and reserves
Called up share capital: 10,000 10,000
Profit and loss account: 201,700 1,489,453
Shareholders funds: 211,700 1,499,453

The notes form part of these financial statements

REVERIE LIMITED

Balance sheet statements

For the year ending 31 January 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 06 October 2023
and signed on behalf of the board by:

Name: Mr S J Farren
Status: Director

The notes form part of these financial statements

REVERIE LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

REVERIE LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

2. Employees

2023 2022
Average number of employees during the period 8 7

REVERIE LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

3. Tangible Assets

Total
Cost £
At 01 February 2022 1,244,602
Disposals (786,462)
At 31 January 2023 458,140
Depreciation
At 01 February 2022 410,300
Charge for year 20,145
On disposals (85,703)
At 31 January 2023 344,742
Net book value
At 31 January 2023 113,398
At 31 January 2022 834,302

REVERIE LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

4. Creditors: amounts falling due within one year note

Trade creditors £28387Taxation and social security £32128Other creditors £1396Corporation tax (payable 1 November 2023) £43289Accruals £40294Rental deposits £0

REVERIE LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

5. Related party transactions

On the 30 September 2022 the entire share capital of the Company was acquired by the Reverie Employee-Ownership Trust ("the Trust"). The Trust holds shares for the future benefit of the employees of the Company and its subsidiary. The shares are held by Reverie EOT Limited in its capacity as Corporate Trustee of the Trust. The funding for the transaction (and associated costs) was partially achieved through an initial contribution by the Company.The balance of the consideration was funded by the previous owner of the business. The loans due to the previous owner of the business are an obligation by the Trust, and so theliability for future payments has not been recognised by the Company. During the year the company made contributions of £691,592 (2022 £Nil) to the Trust. The company does not control the Trust and so consolidated accounts have not been prepared.