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
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
Re.form Property Ltd
Statement of financial position
as at 31 July 2023
Tangible assets
90,258
94,923
Cash at bank and in hand
-
109
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)
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
Re.form Property Ltd
Notes to the Accounts
for the year ended 31 July 2023
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.
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 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 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 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.
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
At 1 August 2022
-
4,665
4,665
Charge for the year
-
4,665
4,665
At 31 July 2023
-
9,330
9,330
At 31 July 2023
76,265
13,993
90,258
At 31 July 2022
76,265
18,658
94,923
Amounts falling due within one year
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
-
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).