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COMPANY REGISTRATION NUMBER:
05041696
Reach Active Properties Limited |
|
Reach Active Properties Limited |
|
Period from 1 November 2022 to 30 April 2023
Independent auditor's report to the members |
3 |
|
|
Statement of income and retained earnings |
7 |
|
|
Statement of financial position |
8 |
|
|
Notes to the financial statements |
9 |
|
|
Reach Active Properties Limited |
|
Period from 1 November 2022 to 30 April 2023
The directors present their report and the financial statements of the company for the period ended
30 April 2023
.
Directors
The directors who served the company during the period were as follows:
Mr J T Gallagher |
|
Mr S A Gallagher |
|
|
|
Directors' responsibilities statement
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial period. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period. In preparing these financial statements, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgments and accounting estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Auditor
Each of the persons who is a director at the date of approval of this report confirms that:
-
so far as they are aware, there is no relevant audit information of which the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on
30 November 2023
and signed on behalf of the board by:
Mr J T Gallagher |
Mr S A Gallagher |
Director |
Director |
|
|
Registered office: |
Printing House |
66 Lower Road |
Harrow |
Middlesex |
HA2 0DH |
|
Reach Active Properties Limited |
|
Independent Auditor's Report to the Members of
Reach Active Properties Limited |
|
Period from 1 November 2022 to 30 April 2023
Opinion
We have audited the financial statements of Reach Active Properties Limited (the 'company') for the period ended 30 April 2023 which comprise the statement of income and retained earnings, statement of financial position and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: - give a true and fair view of the state of the company's affairs as at 30 April 2023 and of its profit for the period then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; - have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
-
the information given in the directors' report for the financial period for which the financial statements are prepared is consistent with the financial statements; and
-
the directors' report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and returns; or - certain disclosures of directors' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit; or - the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the directors' report and from the requirement to prepare a strategic report.
Responsibilities of directors
As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Based on our understanding of the company and industry, we identified the principal risks of non compliance with laws and regulations and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006, FRS102, Health and Safety laws, employment laws, contract laws, General Data Protection Regulations and UK tax legislation. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to fraudulent transactions that may lead to an overstatement of profits such as understatement of expenses, and/or overstatement of assets such as valuation in property and accrued income, in order to increase the value and borrowing capacity of the company. Audit procedures performed by the audit team included: To perform audit testing in different sections in order to check the compliance with applicable regulations and discussions with management including consideration of known or suspected instances of non-compliance with laws and regulations and fraud. Identifying and testing journal entries, in particular any journal entries posted with unusual account combinations, significant one-off amounts or posted by senior management. Challenging and validating the reasonableness and judgement of any key management assumptions with particular focus on work in progress, depreciation and accruals as these are the key accounting estimates. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorresponsibilities. This description forms part of our auditor's report. As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. - Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
Use of our report
This report is made solely to the company's members, as a body, in accordance with chapter 3 of part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Rosa Maria Garcia Nunez |
(Senior Statutory Auditor) |
|
For and on behalf of |
Abbots |
Chartered Certified Accountants & Statutory Auditor |
Printing House |
66 Lower Road |
Harrow |
HA2 0DH |
|
30 November 2023
Reach Active Properties Limited |
|
Statement of Income and Retained Earnings |
|
Period from 1 November 2022 to 30 April 2023
|
Period from |
|
|
1 Nov 22 to |
Year to |
|
30 Apr 23 |
31 Oct 22 |
Note |
£ |
£ |
Turnover |
33,109 |
58,803 |
|
|
|
|
-------- |
-------- |
Gross profit |
33,109 |
58,803 |
|
|
|
Administrative expenses |
28,576 |
(
5,266) |
|
-------- |
-------- |
Operating profit |
4,533 |
64,069 |
|
|
|
Interest payable and similar expenses |
2,227 |
4,964 |
|
|
-------- |
-------- |
Profit before taxation |
5 |
2,306 |
59,105 |
|
|
|
|
Tax on profit |
1,081 |
33,461 |
|
------- |
-------- |
Profit for the financial period and total comprehensive income |
1,225 |
25,644 |
|
------- |
-------- |
|
|
|
Retained earnings at the start of the period |
598,143 |
572,499 |
|
---------- |
---------- |
Retained earnings at the end of the period |
599,368 |
598,143 |
|
---------- |
---------- |
|
|
|
All the activities of the company are from continuing operations.
Included within retained earnings at the end of the year is £372,873 (2022 - £372,873) of profit which is not distributable as it is unrealised. This represents the revaluation surplus on the investment property of £497,164 less deferred tax at 25%.
Reach Active Properties Limited |
|
Statement of Financial Position |
|
30 April 2023
|
30 Apr 23 |
31 Oct 22 |
Note |
£ |
£ |
£ |
£ |
|
|
|
|
|
Fixed assets
Tangible assets |
6 |
|
1,076,716 |
|
1,080,054 |
Investments |
7 |
|
1 |
|
1 |
|
|
------------ |
|
------------ |
|
|
1,076,717 |
|
1,080,055 |
|
|
|
|
|
|
Current assets
Debtors |
8 |
457,378 |
|
410,591 |
|
Cash at bank and in hand |
547 |
|
6,066 |
|
|
---------- |
|
---------- |
|
|
457,925 |
|
416,657 |
|
|
|
|
|
|
|
Creditors: amounts falling due within one year |
9 |
699,220 |
|
649,678 |
|
|
---------- |
|
---------- |
|
Net current liabilities |
|
241,295 |
|
233,021 |
|
|
------------ |
|
------------ |
Total assets less current liabilities |
|
835,422 |
|
847,034 |
|
|
|
|
|
|
Creditors: amounts falling due after more than one year |
10 |
|
111,762 |
|
124,599 |
|
|
|
|
|
|
Provisions
Taxation including deferred tax |
|
124,291 |
|
124,291 |
|
|
---------- |
|
---------- |
Net assets |
|
599,369 |
|
598,144 |
|
|
---------- |
|
---------- |
|
|
|
|
|
Capital and reserves
Called up share capital |
11 |
|
1 |
|
1 |
Profit and loss account |
|
599,368 |
|
598,143 |
|
|
---------- |
|
---------- |
Shareholders funds |
|
599,369 |
|
598,144 |
|
|
---------- |
|
---------- |
|
|
|
|
|
|
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
These financial statements were approved by the
board of directors
and authorised for issue on
30 November 2023
, and are signed on behalf of the board by:
Mr J T Gallagher |
Mr S A Gallagher |
Director |
Director |
|
|
Company registration number:
05041696
Reach Active Properties Limited |
|
Notes to the Financial Statements |
|
Period from 1 November 2022 to 30 April 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Printing House, 66 Lower Road, Harrow, HA2 0DH, Middlesex. The business address of the company is 4 Centrus, Mead Lane, Hertford, Hertfordshire, SG13 7GX. The principal activity of the company during the year was renting of owned property to group companies. The company's accounting reference period was shortened to 30th April 2023 due to commercial and management reasons. The comparative figures are therefore not directly comparable.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Fixtures and fittings |
- |
Straight line over 8/20 years |
|
|
|
|
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4.
Auditor's remuneration
|
Period from |
|
|
1 Nov 22 to |
Year to |
|
30 Apr 23 |
31 Oct 22 |
|
£ |
£ |
Fees payable for the audit of the financial statements |
5,000 |
6,000 |
|
------- |
------- |
|
|
|
5.
Profit before taxation
Profit before taxation is stated after charging/crediting:
|
Period from |
|
|
1 Nov 22 to |
Year to |
|
30 Apr 23 |
31 Oct 22 |
|
£ |
£ |
Depreciation of tangible assets |
3,338 |
6,675 |
Fair value adjustments to investment property |
– |
(
50,000) |
|
------- |
-------- |
|
|
|
6.
Tangible assets
|
Investment property |
Fixtures and fittings |
Total |
|
£ |
£ |
£ |
Cost |
|
|
|
At 1 November 2022 and 30 April 2023 |
1,000,000 |
132,570 |
1,132,570 |
|
------------ |
---------- |
------------ |
Depreciation |
|
|
|
At 1 November 2022 |
– |
52,516 |
52,516 |
Charge for the period |
– |
3,338 |
3,338 |
|
------------ |
---------- |
------------ |
At 30 April 2023 |
– |
55,854 |
55,854 |
|
------------ |
---------- |
------------ |
Carrying amount |
|
|
|
At 30 April 2023 |
1,000,000 |
76,716 |
1,076,716 |
|
------------ |
---------- |
------------ |
At 31 October 2022 |
1,000,000 |
80,054 |
1,080,054 |
|
------------ |
---------- |
------------ |
|
|
|
|
The freehold investment property is included at a fair value of £1,000,000 and has a historical cost of £455,880. The property was valued on 9 August 2022 and this was carried out by an independent and professionally qualified valuer, Belleveue Mortlakes, who are experienced Chartered Surveyors. The valuation was undertaken in accordance with the RICS Valuation - Professional Standards. The directors are of the opinion that the fair value of the property of £1,000,000 is still appropriate.
7.
Investments
|
Shares in participating interests |
|
£ |
Cost |
|
At 1 November 2022 and 30 April 2023 |
1 |
|
---- |
Impairment |
|
At 1 November 2022 and 30 April 2023 |
– |
|
---- |
|
|
Carrying amount |
|
At 30 April 2023 |
1 |
|
---- |
At 31 October 2022 |
1 |
|
---- |
|
|
The investment relates to Centrus Management Company Limited which was incorporated in England and Wales and is an associate of Reach Active Group Limited. The associate is the property management company for the property owned by the group and 25% of the share capital is owned by Reach Active Group Limited. The share capital and reserves in this associate at the year end was £4. We have not applied the equity method as the accounts of the associate are not considered to be material to the group at this stage.
8.
Debtors
|
30 Apr 23 |
31 Oct 22 |
|
£ |
£ |
Trade debtors |
52,666 |
33,563 |
Amounts owed by group undertakings |
171,225 |
171,225 |
Prepayments and accrued income |
233,487 |
205,803 |
|
---------- |
---------- |
|
457,378 |
410,591 |
|
---------- |
---------- |
|
|
|
9.
Creditors:
amounts falling due within one year
|
30 Apr 23 |
31 Oct 22 |
|
£ |
£ |
Bank loans and overdrafts |
25,680 |
25,401 |
Trade creditors |
20,064 |
9,304 |
Amounts owed to group undertakings |
627,603 |
563,503 |
Accruals and deferred income |
20,264 |
11,654 |
Corporation tax |
2,643 |
37,005 |
Social security and other taxes |
2,215 |
2,060 |
Director loan accounts |
751 |
751 |
|
---------- |
---------- |
|
699,220 |
649,678 |
|
---------- |
---------- |
|
|
|
The bank loan in favour of HSBC Bank Plc is secured by a fixed and floating charge over the freehold property and over all the assets of the company.
10.
Creditors:
amounts falling due after more than one year
|
30 Apr 23 |
31 Oct 22 |
|
£ |
£ |
Bank loans and overdrafts |
111,762 |
124,599 |
|
---------- |
---------- |
|
|
|
The bank loan in favour of HSBC Bank Plc is secured by a fixed and floating charge over the freehold property and over all the assets of the company.
11.
Called up share capital
Issued, called up and fully paid
|
30 Apr 23 |
31 Oct 22 |
|
No. |
£ |
No. |
£ |
Ordinary shares of £ 1 each |
1 |
1 |
1 |
1 |
|
---- |
---- |
---- |
---- |
|
|
|
|
|
12.
Contingencies
There is an intercompany guarantee between
Reach Active Properties Limited
, Reach Active Limited, Energoinvest Reach Active Limited, Energoinvest Reach Active (UK) Limited and Reach Active Group Limited in favour of HSBC Bank Plc.
13.
Related party transactions
Reach Active Properties Limited
is a 100% owned subsidiary of Reach Active Group Limited. During the period, Mr S A Gallagher
and Mr J T Gallagher
were directors and shareholders of Reach Active Group Limited, a company incorporated in the UK. Reach Active Group Limited intends to prepare consolidated accounts and therefore Reach Active Properties Limited
has taken advantage of the exemption within paragraph 33.1A of FRS 102 which eliminates the requirement to report related party balances. Transactions entered into during the period under normal commercial terms, with companies and other entities in which the directors of this company can exercise an interest, as defined by FRS 102, were as follows:- Centrus Management Company Limited Included within administration expenses is £600 (2022 - £1,027 received by) paid by Reach Active Properties Limited
.
14.
Controlling party
100% of the share capital of the Company is owned by Reach Active Group Limited. The Directors consider this to be the ultimate parent company. The group consolidated accounts can be obtained from the company's registered office; the address is stated on page 2 of these accounts.