2023-03-012024-02-292024-02-29false13905182REECE RESIDENCES 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REECE RESIDENCES LTD

Registered Number
13905182
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

REECE RESIDENCES LTD
Company Information
for the year from 1 March 2023 to 29 February 2024

Directors

REECE, Ceri
REECE, Stuart Jeffrey

Registered Address

Bracken Park Lane
Otterbourne
Winchester
SO21 2HY

Registered Number

13905182 (England and Wales)
REECE RESIDENCES LTD
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets320,262-
20,262-
Current assets
Debtors494429
Cash at bank and on hand9022,497
1,3962,926
Creditors amounts falling due within one year4(5,058)(1,973)
Net current assets (liabilities)(3,662)953
Total assets less current liabilities16,600953
Net assets16,600953
Capital and reserves
Called up share capital22
Profit and loss account16,598951
Shareholders' funds16,600953
The financial statements were approved and authorised for issue by the Board of Directors on 3 April 2024, and are signed on its behalf by:
REECE, Ceri
Director
Registered Company No. 13905182
REECE RESIDENCES LTD
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
Turnover is measured at the fair value of the consideration received. Turnover includes revenue earned from the rendering of property management and maintenance services.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)Straight line (years)
Plant and machinery-5
Vehicles20-
Office Equipment-4
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
Additions20020,10077621,076
At 29 February 2420020,10077621,076
Depreciation and impairment
Charge for year10670134814
At 29 February 2410670134814
Net book value
At 29 February 2419019,43064220,262
At 28 February 23----
4.Creditors: amounts due within one year

2024

2023

££
Amounts owed to related parties3,498-
Accrued liabilities and deferred income1,5601,973
Total5,0581,973
5.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
REECE, Ceri101,750(1,749)
REECE, Stuart Jeffrey101,750(1,749)
203,500(3,498)