IRIS Accounts Production v23.3.1.45 08540926 director 1.6.22 31.5.23 31.5.23 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh085409262022-05-31085409262023-05-31085409262022-06-012023-05-31085409262021-05-31085409262021-06-012022-05-31085409262022-05-3108540926ns10:Originalns15:EnglandWales2022-06-012023-05-3108540926ns14:PoundSterlingns10:Original2022-06-012023-05-3108540926ns10:Originalns10:Director12022-06-012023-05-3108540926ns10:Original2022-06-012023-05-3108540926ns10:Original2023-05-3108540926ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3108540926ns10:Originalns10:SmallEntities2022-06-012023-05-3108540926ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3108540926ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3108540926ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3108540926ns10:Originalns10:FullAccounts2022-06-012023-05-3108540926ns10:Original2021-06-012022-05-3108540926ns10:Originalns10:RegisteredOffice2022-06-012023-05-3108540926ns10:Original2022-05-3108540926ns10:Originalns5:CurrentFinancialInstruments2023-05-3108540926ns10:Originalns5:CurrentFinancialInstruments2022-05-3108540926ns5:ShareCapitalns10:Original2023-05-3108540926ns5:ShareCapitalns10:Original2022-05-3108540926ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3108540926ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3108540926ns10:Original2022-05-31
REGISTERED NUMBER: 08540926 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

680 Reef Road Ltd

680 Reef Road Ltd (Registered number: 08540926)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


680 Reef Road Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTOR: G N Hazell





REGISTERED OFFICE: 3 Pool House
Lock Lane
Birdham
Chichester
West Sussex
PO20 7BB





REGISTERED NUMBER: 08540926 (England and Wales)





ACCOUNTANTS: Ency Associates
Chartered Certified Accountants
Printware Court
Cumberland Business Centre
Northumberland Road
Portsmouth
Hampshire
PO5 1DS

680 Reef Road Ltd (Registered number: 08540926)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 6,455,315 6,348,954

CREDITORS
Amounts falling due within one year 5 4,672,114 4,671,190
NET CURRENT LIABILITIES (4,672,114 ) (4,671,190 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,783,201

1,677,764

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,783,200 1,677,763
1,783,201 1,677,764

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

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

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 19 February 2024 and were signed by:



G N Hazell - Director


680 Reef Road Ltd (Registered number: 08540926)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

680 Reef Road 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 as modified by the revaluation of certain assets.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022 6,348,954
Exchange differences 106,361
At 31 May 2023 6,455,315
NET BOOK VALUE
At 31 May 2023 6,455,315
At 31 May 2022 6,348,954

680 Reef Road Ltd (Registered number: 08540926)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. INVESTMENT PROPERTY - continued

Fair value at 31 May 2023 is represented by:
£   
Valuation in 2019 (555,256 )
Valuation in 2021 703,809
Valuation in 2022 793,619
Cost 5,513,143
6,455,315

If the investment property had not been revalued it would have been included at the following historical cost:

31.5.23 31.5.22
£    £   
Cost 4,667,663 4,667,663

The investment property was valued on an open market basis on 31 May 2023 by Mr G N Hazell, director .

The "fair value" cost reflects the effects of exchange rate gains and losses, including the effect on previous valuations, whereas the "historical cost" cost reflects the original cost prior to any exchange rates gains or losses.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Other creditors 4,672,114 4,671,190

6. RELATED PARTY DISCLOSURES

G N Hazell
Director


31.5.23 31.5.22
£    £   
Amount due to related party at the balance sheet date 4,671,364 4,670,440

7. ULTIMATE CONTROLLING PARTY

The controlling party is G N Hazell.