Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-30No description of principal activity2022-07-01false33falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10803459 2022-07-01 2023-06-30 10803459 2021-07-01 2022-06-30 10803459 2023-06-30 10803459 2022-06-30 10803459 c:Director3 2022-07-01 2023-06-30 10803459 d:FurnitureFittings 2022-07-01 2023-06-30 10803459 d:FurnitureFittings 2023-06-30 10803459 d:FurnitureFittings 2022-06-30 10803459 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 10803459 d:CurrentFinancialInstruments 2023-06-30 10803459 d:CurrentFinancialInstruments 2022-06-30 10803459 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 10803459 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 10803459 d:ShareCapital 2023-06-30 10803459 d:ShareCapital 2022-06-30 10803459 d:RetainedEarningsAccumulatedLosses 2023-06-30 10803459 d:RetainedEarningsAccumulatedLosses 2022-06-30 10803459 c:FRS102 2022-07-01 2023-06-30 10803459 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 10803459 c:FullAccounts 2022-07-01 2023-06-30 10803459 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Registered number: 10803459









REBEL CONSTRUCTION LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

 
REBEL CONSTRUCTION LIMITED
REGISTERED NUMBER: 10803459

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
3,193
4,257

  
3,193
4,257

Current assets
  

Stocks
  
1,688,039
1,688,039

Debtors: amounts falling due within one year
 5 
34,705
24,831

Cash at bank and in hand
 6 
146,853
23,961

  
1,869,597
1,736,831

Creditors: amounts falling due within one year
 7 
(2,309,468)
(2,026,025)

Net current liabilities
  
 
 
(439,871)
 
 
(289,194)

Total assets less current liabilities
  
(436,678)
(284,937)

  

Net liabilities
  
(436,678)
(284,937)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(436,778)
(285,037)

  
(436,678)
(284,937)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 January 2024.


Page 1

 
REBEL CONSTRUCTION LIMITED
REGISTERED NUMBER: 10803459
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023



S Smith
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
REBEL CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Rebel Construction Limited is a company incorporated in England and Wales with registration number 10803459 with a registered office address of City House 21 Springfield Lyons Approach, Springfield, Chelmsford, England, CM2 5LB. The principal activity of the company is property development and refurbishment. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company has a net liability position of £436,678 (2022 : £284,937). The company will receive financial support from the shareholders and associated companies and there is no reason to believe this support will be withdrawn. Based on this, the accounts have been prepared on the going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
REBEL CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
Wiritten Down value

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
REBEL CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).

Page 5

 
REBEL CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 July 2022
6,525



At 30 June 2023

6,525



Depreciation


At 1 July 2022
2,268


Charge for the year on owned assets
1,064



At 30 June 2023

3,332



Net book value



At 30 June 2023
3,193



At 30 June 2022
4,257

Page 6

 
REBEL CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

5.


Debtors

2023
2022
£
£


Other debtors
31,575
24,831

Prepayments and accrued income
3,130
-

34,705
24,831



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
146,853
23,961

146,853
23,961



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
119,956
41,372

Corporation tax
6,743
-

Other taxation and social security
43,347
7,999

Other creditors
2,082,883
1,940,193

Accruals and deferred income
56,539
36,461

2,309,468
2,026,025



8.


Related party transactions

At the year end, included in other creditors is an amount owed to a Director. The amount outstanding at the year end is £1,712,268 (2022 :£1,620,231).


9.


Controlling party

The ultimate controlling party is Mr P Cunningham by virtue of his shareholding.

 
Page 7