Replica Group Limited 09522346 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is property lettings and management of subsidiary companies. Digita Accounts Production Advanced 6.30.9574.0 true false true false 09522346 2023-03-01 2024-02-29 09522346 2024-02-29 09522346 bus:OrdinaryShareClass1 2024-02-29 09522346 core:CurrentFinancialInstruments 2024-02-29 09522346 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 09522346 core:Non-currentFinancialInstruments core:AfterOneYear 2024-02-29 09522346 core:LandBuildings 2024-02-29 09522346 bus:SmallEntities 2023-03-01 2024-02-29 09522346 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 09522346 bus:FilletedAccounts 2023-03-01 2024-02-29 09522346 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 09522346 bus:RegisteredOffice 2023-03-01 2024-02-29 09522346 bus:Director1 2023-03-01 2024-02-29 09522346 bus:OrdinaryShareClass1 2023-03-01 2024-02-29 09522346 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 09522346 core:LandBuildings 2023-03-01 2024-02-29 09522346 core:Subsidiary1 2023-03-01 2024-02-29 09522346 core:Subsidiary1 1 2023-03-01 2024-02-29 09522346 countries:AllCountries 2023-03-01 2024-02-29 09522346 2023-02-28 09522346 core:CostValuation 2023-02-28 09522346 core:LandBuildings 2023-02-28 09522346 2022-03-01 2023-02-28 09522346 2023-02-28 09522346 bus:OrdinaryShareClass1 2023-02-28 09522346 core:CurrentFinancialInstruments 2023-02-28 09522346 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 09522346 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-28 09522346 core:LandBuildings 2023-02-28 09522346 core:Subsidiary1 1 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09522346

Replica Group Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 29 February 2024

 

Replica Group Limited

Contents
__________________________________________________________________________

Company Information

1

Profit and Loss Account

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 9

 

Replica Group Limited

Company Information
__________________________________________________________________________

Director

Mrs L Senior

Registered office

342 Regents Park Road
Finchley
London
N3 2LJ


 

Accountants

Brooks Green
Chartered Accountants
Abbey House
342 Regents Park Road
London
N3 2LJ

 

Replica Group Limited

Profit and Loss Account for the Year Ended 29 February 2024
__________________________________________________________________________

Note

2024
£

2023
£

Turnover

 

72,000

72,000

Administrative expenses

 

(1,710)

(11,395)

Operating profit

 

70,290

60,605

Other interest receivable and similar income

 

761

-

Interest payable and similar charges

 

(11,648)

(9,375)

 

(10,887)

(9,375)

Profit before tax

59,403

51,230

Taxation

 

(13,648)

(9,734)

Profit for the financial year

 

45,755

41,496

Retained earnings brought forward

 

620,930

594,434

Dividends paid

 

(10,000)

(15,000)

Retained earnings carried forward

 

656,685

620,930

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Replica Group Limited

(Registration number: 09522346)
Balance Sheet as at 29 February 2024
__________________________________________________________________________

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

687,714

687,714

Investments

4

100

100

 

687,814

687,814

Current assets

 

Debtors

5

370

10,268

Cash at bank and in hand

 

111,273

93,285

 

111,643

103,553

Creditors: Amounts falling due within one year

6

(62,095)

(50,404)

Net current assets

 

49,548

53,149

Total assets less current liabilities

 

737,362

740,963

Creditors: Amounts falling due after more than one year

6

(80,477)

(119,833)

Net assets

 

656,885

621,130

Capital and reserves

 

Called up share capital

7

200

200

Retained earnings

656,685

620,930

Shareholders' funds

 

656,885

621,130

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 12 July 2024
 

 

Replica Group Limited

(Registration number: 09522346)
Balance Sheet as at 29 February 2024
__________________________________________________________________________

.........................................
Mrs L Senior
Director

 

Replica Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024
__________________________________________________________________________

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold property

not depreciated

 

Replica Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024
__________________________________________________________________________

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

Replica Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024
__________________________________________________________________________

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

3

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 March 2023

687,714

687,714

At 29 February 2024

687,714

687,714

Depreciation

Carrying amount

At 29 February 2024

687,714

687,714

At 28 February 2023

687,714

687,714

Included within the net book value of land and buildings above is £687,714 (2023 - £687,714) in respect of freehold land and buildings.
 

 

Replica Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024
__________________________________________________________________________

4

Investments

2024
£

2023
£

Investments in subsidiaries

100

100

Subsidiaries

£

Cost or valuation

At 1 March 2023

100

Provision

Carrying amount

At 29 February 2024

100

At 28 February 2023

100

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

Replica Limited

100%

100%

Subsidiary undertakings

Replica Limited

The principal activity of Replica Limited is Retailing of display equipment.

5

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

-

8,648

Prepayments

 

370

1,620

   

370

10,268

 

Replica Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024
__________________________________________________________________________

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

37,699

35,000

Taxation and social security

 

13,648

9,734

Accruals and deferred income

 

748

670

Other creditors

 

10,000

5,000

 

62,095

50,404

Current loans and borrowings

2024
£

2023
£

Bank borrowings

37,699

35,000

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

80,477

119,833

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

200

200

200

200