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Company Registration No. 12714763 (England and Wales)
Re.form Property Ltd UNAUDITED FINANCIAL STATEMENTS for the year ended 31 July 2023
Re.form Property Ltd UNAUDITED FINANCIAL STATEMENTS Contents
Page
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Re.form Property Ltd Company Information for the year ended 31 July 2023
Directors
Jonathan Scot Sibbring Benjamin Robert Herbert
Company Number
12714763 (England and Wales)
Registered Office
Unit A 82 James Carter Road Mildenhall Suffolk IP28 7DE United Kingdom
Accountants
Roche Consultancy Ltd Flat 2/1 21 Bedford Street Glasgow Scotland G5 9RE
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Re.form Property Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
90,258 
94,923 
Current assets
Debtors
- 
163 
Cash at bank and in hand
- 
109 
- 
272 
Creditors: amounts falling due within one year
(77,380)
(104,169)
Net current liabilities
(77,380)
(103,897)
Total assets less current liabilities
12,878 
(8,974)
Creditors: amounts falling due after more than one year
(35,195)
- 
Net liabilities
(22,317)
(8,974)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(22,319)
(8,976)
Shareholders' funds
(22,317)
(8,974)
For the year ending 31 July 2023 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 11 December 2023 and were signed on its behalf by
Jonathan Scot Sibbring Director Company Registration No. 12714763
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Re.form Property Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Re.form Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 12714763. The registered office is Unit A, 82 James Carter Road Mildenhall, Suffolk, IP28 7DE, 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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Not depreciated
Fixtures & fittings
Straight Line 5 years
Taxation
Taxation for the period 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 taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Re.form Property Ltd Notes to the Accounts for the year ended 31 July 2023
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2022
76,265 
23,323 
99,588 
At 31 July 2023
76,265 
23,323 
99,588 
Depreciation
At 1 August 2022
- 
4,665 
4,665 
Charge for the year
- 
4,665 
4,665 
At 31 July 2023
- 
9,330 
9,330 
Net book value
At 31 July 2023
76,265 
13,993 
90,258 
At 31 July 2022
76,265 
18,658 
94,923 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
163 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
3,518 
- 
Other creditors
41,378 
104,169 
Loans from directors
31,809 
- 
Accruals
675 
- 
77,380 
104,169 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
35,195 
- 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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