IRIS Accounts Production v24.1.9.2 09983266 Board of Directors 1.5.23 30.4.24 30.4.24 0 0 false true false false true false Fair value model 29657 35657 29657 6000 29657 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh099832662023-04-30099832662024-04-30099832662023-05-012024-04-30099832662022-04-30099832662022-05-012023-04-30099832662023-04-3009983266ns15:EnglandWales2023-05-012024-04-3009983266ns14:PoundSterling2023-05-012024-04-3009983266ns10:Director12023-05-012024-04-3009983266ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3009983266ns10:SmallEntities2023-05-012024-04-3009983266ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3009983266ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3009983266ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3009983266ns10:FullAccounts2023-05-012024-04-300998326642ns10:Director22023-04-300998326642ns10:Director22022-05-012023-04-300998326642ns10:Director22023-05-012024-04-300998326642ns10:Director22023-04-3009983266ns10:Director22023-05-012024-04-3009983266ns10:RegisteredOffice2023-05-012024-04-3009983266ns5:CurrentFinancialInstruments2024-04-3009983266ns5:CurrentFinancialInstruments2023-04-3009983266ns5:Non-currentFinancialInstruments2024-04-3009983266ns5:Non-currentFinancialInstruments2023-04-3009983266ns5:ShareCapital2024-04-3009983266ns5:ShareCapital2023-04-3009983266ns5:RetainedEarningsAccumulatedLosses2024-04-3009983266ns5:RetainedEarningsAccumulatedLosses2023-04-3009983266ns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-05-012024-04-3009983266ns5:FurnitureFittings2023-05-012024-04-3009983266ns5:ComputerEquipment2023-05-012024-04-3009983266ns5:LandBuildings2023-04-3009983266ns5:FurnitureFittings2023-04-3009983266ns5:ComputerEquipment2023-04-3009983266ns5:LandBuildings2023-05-012024-04-3009983266ns5:LandBuildings2024-04-3009983266ns5:FurnitureFittings2024-04-3009983266ns5:ComputerEquipment2024-04-3009983266ns5:LandBuildings2023-04-3009983266ns5:FurnitureFittings2023-04-3009983266ns5:ComputerEquipment2023-04-3009983266ns5:CostValuation2023-04-3009983266ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3009983266ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-30099832661ns10:Director12023-04-30099832661ns10:Director12022-04-30099832661ns10:Director12023-05-012024-04-30099832661ns10:Director12022-05-012023-04-30099832661ns10:Director12024-04-30099832661ns10:Director12023-04-30
REGISTERED NUMBER: 09983266 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 30th April 2024

for

Rees Investments Limited

Rees Investments Limited (Registered number: 09983266)






Contents of the Financial Statements
for the Year Ended 30th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rees Investments Limited

Company Information
for the Year Ended 30th April 2024







DIRECTORS: Mr S J R Sammans
Mrs C M Sammans





REGISTERED OFFICE: 14a Market Place
Uttoxeter
Staffordshire
ST14 8HP





REGISTERED NUMBER: 09983266 (England and Wales)





ACCOUNTANTS: Rice & Co Limited
Chartered Accountants
14a Market Place
Uttoxeter
Staffordshire
ST14 8HP

Rees Investments Limited (Registered number: 09983266)

Balance Sheet
30th April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 493,744 475,338
Investments 5 287,868 287,868
Investment property 6 178,604 178,604
960,216 941,810

CURRENT ASSETS
Debtors 7 95,709 86,361
Cash at bank 273,009 159,662
368,718 246,023
CREDITORS
Amounts falling due within one year 8 103,591 56,451
NET CURRENT ASSETS 265,127 189,572
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,225,343

1,131,382

CREDITORS
Amounts falling due after more than one
year

9

(423,575

)

(426,739

)

PROVISIONS FOR LIABILITIES (11,423 ) (6,098 )
NET ASSETS 790,345 698,545

Rees Investments Limited (Registered number: 09983266)

Balance Sheet - continued
30th April 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 790,343 698,543
SHAREHOLDERS' FUNDS 790,345 698,545

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 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.

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 29th July 2024 and were signed on its behalf by:





Mr S J R Sammans - Director


Rees Investments Limited (Registered number: 09983266)

Notes to the Financial Statements
for the Year Ended 30th April 2024

1. STATUTORY INFORMATION

Rees Investments Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and value added tax. Turnover in respect of services is recognised when services have been provided resulting in the company obtaining the right to consideration. Turnover in respect of rental charges is recoginised in the period to which the rental charge relates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Fixtures and fittings - 25% on reducing balance
Office equipment - 33% on cost and 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are initially recognised at cost with any impairment losses being reported in the statement of comprehensive income under administrative expenses.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss and then transferred to a fair value reserve.

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.


Rees Investments Limited (Registered number: 09983266)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Office
property fittings equipment Totals
£    £    £    £   
COST
At 1st May 2023 443,776 16,255 61,301 521,332
Additions - 24,537 10,124 34,661
At 30th April 2024 443,776 40,792 71,425 555,993
DEPRECIATION
At 1st May 2023 - 1,336 44,658 45,994
Charge for year - 8,955 7,300 16,255
At 30th April 2024 - 10,291 51,958 62,249
NET BOOK VALUE
At 30th April 2024 443,776 30,501 19,467 493,744
At 30th April 2023 443,776 14,919 16,643 475,338

Rees Investments Limited (Registered number: 09983266)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st May 2023
and 30th April 2024 287,868
NET BOOK VALUE
At 30th April 2024 287,868
At 30th April 2023 287,868

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st May 2023
and 30th April 2024 178,604
NET BOOK VALUE
At 30th April 2024 178,604
At 30th April 2023 178,604

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,331 27,302
Amounts owed by group undertakings 77,472 22,304
Other debtors 11,906 36,755
95,709 86,361

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 20,174 30,549
Trade creditors 5,112 3,061
Taxation and social security 9,959 12,064
Other creditors 68,346 10,777
103,591 56,451

Rees Investments Limited (Registered number: 09983266)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 423,575 426,739

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 363,866 323,711

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 430,897 434,866

Bank loans of £307,642 (2023 - £311,275) are secured by a charge over the company's freehold property. Bank loans of £123,255 (2023 - £123,591) are secured by a charge over the company's investment property.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th April 2024 and 30th April 2023:

2024 2023
£    £   
Mr S J R Sammans and Mrs C M Sammans
Balance outstanding at start of year 29,657 -
Amounts advanced - 35,657
Amounts repaid (29,657 ) (6,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 29,657

During the financial year interest of £nil (2023 - £657) at rates of 2.0% and 2.25% has been paid to the company in respect of these advances. There were no fixed terms for repayment.

Rees Investments Limited (Registered number: 09983266)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

12. RELATED PARTY DISCLOSURES

AJS Structural Design Limited is a company whose directors are Mr and Mrs S J R Sammans and, from February 2023, is a subsidiary undertaking. Included in turnover is £144,000 (2023 - £197,300) invoiced to AJS Structural Design Limited.

Included in creditors due within one year at 30th April 2024 is £63,111 (2023 - £nil) owed to the directors of the company.