Company Registration No. 11396346 (England and Wales)
Reign London Home Ltd
Unaudited accounts
for the year ended 26 November 2023
Reign London Home Ltd
Unaudited accounts
Contents
Reign London Home Ltd
Company Information
for the year ended 26 November 2023
Director
Natalie Frances Sweeny
Company Number
11396346 (England and Wales)
Registered Office
48 Wey Meadow Close
Farnham
GU9 8TX
Accountants
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
Reign London Home Ltd
Accountants' report
Accountants' report to the director of Reign London Home Ltd on the preparation of the unaudited statutory accounts for the year ended 26 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Reign London Home Ltd for the year ended
26 November 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Reign London Home Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Reign London Home Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Reign London Home Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Reign London Home Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Reign London Home Ltd. You consider that Reign London Home Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Reign London Home Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
20 July 2024
Reign London Home Ltd
Statement of financial position
as at 26 November 2023
Cash at bank and in hand
13
109
Creditors: amounts falling due within one year
(8,952)
(10,963)
Net current liabilities
(3,697)
(4,544)
Net liabilities
(3,562)
(4,364)
Called up share capital
100
100
Profit and loss account
(3,662)
(4,464)
Shareholders' funds
(3,562)
(4,364)
For the year ending 26 November 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 director acknowledges her 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 and authorised for issue on 20 July 2024 and were signed on its behalf by
Natalie Frances Sweeny
Director
Company Registration No. 11396346
Reign London Home Ltd
Notes to the Accounts
for the year ended 26 November 2023
Reign London Home Ltd is a private company, limited by shares, registered in England and Wales, registration number 11396346. The registered office is 48 Wey Meadow Close, Farnham, GU9 8TX.
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.
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:
Computer equipment
25% reducing balance
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
4
Tangible fixed assets
Computer equipment
Reign London Home Ltd
Notes to the Accounts
for the year ended 26 November 2023
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
915
-
Loans from directors
6,362
9,996
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director Loan Account
(9,996)
(4,755)
(8,389)
(6,362)
(9,996)
(4,755)
(8,389)
(6,362)
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).