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REGISTERED NUMBER: 10145945 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

RETAIL REVIVE LTD

RETAIL REVIVE LTD (REGISTERED NUMBER: 10145945)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RETAIL REVIVE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Y M I Bhailok
Dr F Y Bhailok
A Y Bhailok





REGISTERED OFFICE: Haighton House
Cow Hill
Haighton
Preston
Lancashire
PR2 5SJ





REGISTERED NUMBER: 10145945 (England and Wales)





ACCOUNTANTS: Turner Accountants
Chartered Accountants
9 Victoria Rd
Fulwood
Preston
Lancashire
PR2 8ND

RETAIL REVIVE LTD (REGISTERED NUMBER: 10145945)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 766,498 766,498
Debtors 4 7,503 1,662
Cash at bank 172 1
774,173 768,161
CREDITORS
Amounts falling due within one year 5 338,875 301,736
NET CURRENT ASSETS 435,298 466,425
TOTAL ASSETS LESS CURRENT
LIABILITIES

435,298

466,425

CREDITORS
Amounts falling due after more than one
year

6

11,506

19,304
NET ASSETS 423,792 447,121

CAPITAL AND RESERVES
Called up share capital 5 5
Retained earnings 423,787 447,116
423,792 447,121

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

RETAIL REVIVE LTD (REGISTERED NUMBER: 10145945)

BALANCE SHEET - continued
31 DECEMBER 2023


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 Board of Directors and authorised for issue on 3 April 2024 and were signed on its behalf by:





Y M I Bhailok - Director


RETAIL REVIVE LTD (REGISTERED NUMBER: 10145945)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Retail Revive 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year 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 tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

RETAIL REVIVE LTD (REGISTERED NUMBER: 10145945)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by associates 2,130 -
Other debtors 5,373 1,662
7,503 1,662

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,400 6,721
Amounts owed to associates 242,088 187,517
Taxation and social security - 18,112
Other creditors 89,387 89,386
338,875 301,736

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 11,506 19,304

7. RELATED PARTY DISCLOSURES

During the year ended 31 December 2023, Retail Revive Limited owed the following amounts to these associated entities:

Aalborg LLP £5,980 (2022: £1,680)
Acebench Ltd £50,000 (2022: £30,000)

During the year ended 31 December 2023, Retail Revive Limited was owed the following amounts from these associated entities:

Courtyard House LLP £2,130

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Unity (YB) Holdings Limited.

Haighton House
Cow Hill
preston
PR2 5SJ