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Registered number
13492179
Reframed Realities Ltd
Unaudited Accounts
for the year ended
31 July 2024
Reframed Realities Ltd
Balance Sheet
as at 31 July 2024
Notes
2024
£
2023
£
Fixed assets
Tangible assets 3 2,159 2,744
2,159 2,744
Current assets
Debtors 4 121 136
Cash at bank and in hand 121 77
242 213
Creditors: amounts falling due within one year 5 (42,914) (35,959)
Net current assets / (liabilities) (42,672) (35,746)
Total assets less current liabilities (40,513) (33,002)
Creditors: amounts falling due after more than one year 6 (218) (655)
Provisions for liabilities (0) (0)
Accruals and deferred income (760) (760)
Total net assets (liabilities) (41,491) (34,417)
Capital and reserves
Called up share capital 7 1 1
Profit and loss account (41,492) (34,418)
Shareholders' funds (41,491) (34,417)

Reframed Realities Ltd
Balance Sheet
as at 31 July 2024



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

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 31 July 2024 the company was entitled to exemption 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.

Signed on behalf of the board of directors

...............................

Mr J Watson

Director


Approved by the board on 20 August 2024

Company Number: 13492179 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

Suite 13
Tremough Innovation Centre
Penryn
Cornwall
TR10 9TA
United Kingdom

Reframed Realities Ltd
Notes to the Accounts
for the year ended 31 July 2024

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Going concern basis
The company is funded by a loan from the director. The director has considered the next 12 months and due to the director's continued support by way of the loan, the director has considered it appropriate to prepare the financial statements on the going concern basis.
Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances.
Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.
Equipment 25% Straight Line
Fixtures & Fittings 10% Straight Line
Leases and hire purchase contracts
Assets obtained under hire purchase contracts are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful economic lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are are included in creditors net of finance charges allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period. Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account on a straight line basis over the lease term.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares that are measured at fair value. Derivative financial instruments are initially recorded at cost and thereafter at fair value. All changes in fair value are recognised in the profit or loss account in the period in which they occurred.
2. Employees
2024 2023
Average number of employees during the period 0 0

3. Tangible fixed assets
Equipment Fixtures & Fittings Total
Cost or valuation £ £ £
At 1 August 2023 1,548 1,979 3,527
At 31 July 2024 1,548 1,979 3,527
Depreciation
At 1 August 2023 387 396 783
Charge for the period 387 198 585
At 31 July 2024 774 594 1,368
Net book value
At 31 July 2024 774 1,385 2,159
At 31 July 2023 1,161 1,583 2,744

4. Debtors
2024 2023
£ £
Other debtors 121 136
121 136

5. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 0 561
Other creditors 42,914 35,398
42,914 35,959

6. Creditors: amounts falling due after one year
2024 2023
£ £
Other 218 655
218 655

7. Share capital
2024 2023
£ £
Allotted, called up and fully paid:
1 (2023: 1) Ordinary shares of £1.00 each 1 1
1 1