IRIS Accounts Production v23.3.1.45 12438469 director 1.3.22 28.2.23 28.2.23 0 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh124384692022-02-28124384692023-02-28124384692022-03-012023-02-28124384692021-02-28124384692021-03-012022-02-28124384692022-02-2812438469ns10:Originalns15:EnglandWales2022-03-012023-02-2812438469ns14:PoundSterlingns10:Original2022-03-012023-02-2812438469ns10:Originalns10:Director12022-03-012023-02-2812438469ns10:Original2022-03-012023-02-2812438469ns10:Original2023-02-2812438469ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012023-02-2812438469ns10:Originalns10:SmallEntities2022-03-012023-02-2812438469ns10:Originalns10:AuditExempt-NoAccountantsReport2022-03-012023-02-2812438469ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2812438469ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012023-02-2812438469ns10:Originalns10:FullAccounts2022-03-012023-02-2812438469ns10:Original2021-03-012022-02-2812438469ns10:Originalns10:OrdinaryShareClass12022-03-012023-02-2812438469ns10:Originalns10:RegisteredOffice2022-03-012023-02-2812438469ns10:Original2022-02-2812438469ns10:Originalns5:CurrentFinancialInstruments2023-02-2812438469ns10:Originalns5:CurrentFinancialInstruments2022-02-2812438469ns10:Originalns5:Non-currentFinancialInstruments2023-02-2812438469ns10:Originalns5:Non-currentFinancialInstruments2022-02-2812438469ns5:ShareCapitalns10:Original2023-02-2812438469ns5:ShareCapitalns10:Original2022-02-2812438469ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-2812438469ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2812438469ns10:Originalns5:ComputerEquipment2022-02-2812438469ns10:Originalns5:ComputerEquipment2022-03-012023-02-2812438469ns10:Originalns5:ComputerEquipment2023-02-2812438469ns10:Originalns5:ComputerEquipment2022-02-2812438469ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2812438469ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-02-2812438469ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-02-2812438469ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-02-2812438469ns10:Originalns10:OrdinaryShareClass12023-02-2812438469ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2812438469ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-012023-02-2812438469ns10:Original1ns10:Director12022-02-2812438469ns10:Original1ns10:Director12021-02-2812438469ns10:Original1ns10:Director12022-03-012023-02-2812438469ns10:Original1ns10:Director12021-03-012022-02-2812438469ns10:Original1ns10:Director12023-02-2812438469ns10:Original1ns10:Director12022-02-28
REGISTERED NUMBER: 12438469 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

4REO LTD

4REO LTD (REGISTERED NUMBER: 12438469)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


4REO LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: C Colajori





REGISTERED OFFICE: 9 Berners Place
London
W1T 3AD





REGISTERED NUMBER: 12438469 (England and Wales)





ACCOUNTANTS: Mehta & Tengra
Chartered Accountants
9 Berners Place
London
W1T 3AD

4REO LTD (REGISTERED NUMBER: 12438469)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 477 488

CURRENT ASSETS
Stocks 5 7,914 8,691
Debtors 6 10,754 13,318
Cash at bank 4,587 12,040
23,255 34,049
CREDITORS
Amounts falling due within one year 7 (28,188 ) (23,901 )
NET CURRENT (LIABILITIES)/ASSETS (4,933 ) 10,148
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,456

)

10,636

CREDITORS
Amounts falling due after more than one
year

8

(12,963

)

(21,481

)
NET LIABILITIES (17,419 ) (10,845 )

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 11 (17,420 ) (10,846 )
SHAREHOLDERS' FUNDS (17,419 ) (10,845 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

4REO LTD (REGISTERED NUMBER: 12438469)

BALANCE SHEET - continued
28 FEBRUARY 2023


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 director and authorised for issue on 23 November 2023 and were signed by:





C Colajori - Director


4REO LTD (REGISTERED NUMBER: 12438469)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

4REO Ltd 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.

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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - NIL ) .

4REO LTD (REGISTERED NUMBER: 12438469)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2022 650
Additions 203
At 28 February 2023 853
DEPRECIATION
At 1 March 2022 162
Charge for year 214
At 28 February 2023 376
NET BOOK VALUE
At 28 February 2023 477
At 28 February 2022 488

5. STOCKS
2023 2022
£    £   
Stocks 7,914 8,691

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,282 3,302
Other debtors 4,427 4,500
Directors' current accounts - 4,081
Corporation tax recoverable 1,326 1,326
Other taxation 610 -
Prepayments 109 109
10,754 13,318

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 6,389 4,259
Trade creditors 17,134 14,600
Corporation tax - 1,326
Social security and other taxes 214 1,227
Other creditors - 287
Directors' current accounts 466 -
Accrued expenses 3,985 2,202
28,188 23,901

4REO LTD (REGISTERED NUMBER: 12438469)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 9) 12,963 21,481

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 6,389 4,259

Amounts falling due between one and two years:
Bank loans - 1-2 years 6,389 6,000

Amounts falling due between two and five years:
Bank loans - 3-5 years 6,574 15,481

10. CALLED UP SHARE CAPITAL

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

11. RESERVES
Retained
earnings
£   

At 1 March 2022 (10,846 )
Deficit for the year (6,574 )
At 28 February 2023 (17,420 )

4REO LTD (REGISTERED NUMBER: 12438469)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

2023 2022
£    £   
C Colajori
Balance outstanding at start of year 4,081 (1,499 )
Amounts advanced 1,200 6,080
Amounts repaid (5,747 ) (500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (466 ) 4,081

13. ULTIMATE CONTROLLING PARTY

The controlling party is C Colajori.

The ultimate controlling party is C Colajori.

14. GOING CONCERN

The accounts are prepared on a going concern basis. The shareholders will continue to provide financial support to 4REO LTD as is required to enable 4REO LTD to continue to trade for at least 12 months from the date of this report.