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REGISTERED NUMBER: 00873183 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 August 2023

for

REMONIX PROPERTIES LIMITED

REMONIX PROPERTIES LIMITED (REGISTERED NUMBER: 00873183)

Contents of the Financial Statements
for the year ended 31 August 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


REMONIX PROPERTIES LIMITED

Company Information
for the year ended 31 August 2023







Directors: Mrs P A Smith
Mr R F Smith





Secretary: Mrs P A Smith





Registered office: Juniper House
Warley Hill Business Park
The Drive
Brentwood
Essex
CM13 3BE





Registered number: 00873183 (England and Wales)





Accountants: Haines Watts Essex LLP
Chartered Accountants
Juniper House
Warley Hill Business Park
The Drive
Brentwood
Essex
CM13 3BE

REMONIX PROPERTIES LIMITED (REGISTERED NUMBER: 00873183)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Investment property 4 18,338 18,338

Current assets
Debtors 5 - 200
Cash at bank 4,866 8,235
4,866 8,435
Creditors
Amounts falling due within one year 6 10,279 11,124
Net current liabilities (5,413 ) (2,689 )
Total assets less current liabilities 12,925 15,649

Capital and reserves
Called up share capital 7 1,000 1,000
Retained earnings 8 11,925 14,649
Shareholders' funds 12,925 15,649

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 23 October 2023 and were signed on its behalf by:





Mrs P A Smith - Director


REMONIX PROPERTIES LIMITED (REGISTERED NUMBER: 00873183)

Notes to the Financial Statements
for the year ended 31 August 2023


1. Statutory information

Remonix Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There were no estimates or judgements required in the preparation of these accounts.

Turnover
Turnover represents the rents receivable in the year excluding value added tax.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

REMONIX PROPERTIES LIMITED (REGISTERED NUMBER: 00873183)

Notes to the Financial Statements - continued
for the year ended 31 August 2023


4. Investment property
Total
£   
Fair value
At 1 September 2022
and 31 August 2023 18,338
Net book value
At 31 August 2023 18,338
At 31 August 2022 18,338

in the opinion of the directors', the market value of the investment property at 31st August 2023 is the same as the cost of £18,338.

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Other debtors - 200

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Other creditors 10,279 11,124

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

8. Reserves
Retained
earnings
£   

At 1 September 2022 14,649
Deficit for the year (249 )
Dividends (2,475 )
At 31 August 2023 11,925