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Company Registration No. 13830239 (England and Wales)
Reem Studios Ltd Unaudited accounts for the year ended 31 January 2024
Reem Studios Ltd Unaudited accounts Contents
Page
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Reem Studios Ltd Company Information for the year ended 31 January 2024
Directors
Stephen Lewis Adams Reem Aboulhosn
Company Number
13830239 (England and Wales)
Registered Office
HOMESTEAD FARM COTTAGE CONISTONE SKIPTON BD23 5HS UNITED KINGDOM
Accountants
Stephen Perry & Co 38 York Road Acomb York YO24 4LZ
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Reem Studios Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
10,000 
350 
Cash at bank and in hand
558 
11,665 
10,558 
12,015 
Creditors: amounts falling due within one year
(8,650)
(2,955)
Net current assets
1,908 
9,060 
Net assets
1,908 
9,060 
Capital and reserves
Called up share capital
2 
1 
Profit and loss account
1,906 
9,059 
Shareholders' funds
1,908 
9,060 
For the year ending 31 January 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2024 and were signed on its behalf by
Stephen Lewis Adams Director Company Registration No. 13830239
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Reem Studios Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Reem Studios Ltd is a private company, limited by shares, registered in England and Wales, registration number 13830239. The registered office is HOMESTEAD FARM COTTAGE, CONISTONE, SKIPTON, BD23 5HS, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 January 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 5 January 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
159 
Trade debtors
- 
191 
Other debtors
10,000 
- 
10,000 
350 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
3,708 
2,124 
Other creditors
4,070 
- 
Accruals
872 
831 
8,650 
2,955 
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Reem Studios Ltd Notes to the Accounts for the year ended 31 January 2024
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares - A Class of £1 each
1 
1 
1 Ordinary shares - B Class of £1 each
1 
- 
2 
1 
Shares issued during the period:
1 Ordinary shares - B Class of £1 each
1 
7
Average number of employees
During the year the average number of employees was 2 (2023: 0).
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