Caseware UK (AP4) 2023.0.135 2023.0.135 falsefalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity2023-01-0122 12578328 2023-01-01 2023-12-31 12578328 2022-01-01 2022-12-31 12578328 2023-12-31 12578328 2022-12-31 12578328 c:Director1 2023-01-01 2023-12-31 12578328 d:Goodwill 2023-12-31 12578328 d:Goodwill 2022-12-31 12578328 d:CurrentFinancialInstruments 2023-12-31 12578328 d:CurrentFinancialInstruments 2022-12-31 12578328 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12578328 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12578328 d:ShareCapital 2023-12-31 12578328 d:ShareCapital 2022-12-31 12578328 d:RetainedEarningsAccumulatedLosses 2023-12-31 12578328 d:RetainedEarningsAccumulatedLosses 2022-12-31 12578328 c:FRS102 2023-01-01 2023-12-31 12578328 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12578328 c:FullAccounts 2023-01-01 2023-12-31 12578328 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12578328 d:Goodwill d:OwnedIntangibleAssets 2023-01-01 2023-12-31 12578328 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 12578328













Reeves Independent (Acquisitions) Limited

Financial statements
Information for filing with the registrar

31 December 2023




 
Reeves Independent (Acquisitions) Limited


Balance sheet
At 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
84,871
97,445

  
84,871
97,445

Current assets
  

Debtors: amounts falling due within one year
 5 
100
100

Bank and cash balances
  
29,388
240

  
29,488
340

Creditors: amounts falling due within one year
 6 
(75,782)
(58,603)

Net current liabilities
  
 
 
(46,294)
 
 
(58,263)

Total assets less current liabilities
  
38,577
39,182

  

Net assets
  
38,577
39,182


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
38,477
39,082

Shareholders' funds
  
38,577
39,182


Page 1

 
Reeves Independent (Acquisitions) Limited

    
Balance sheet (continued)
At 31 December 2023

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 September 2024.




N Reeves
Director

Company registered number: 12578328
The notes on pages 3 to 5 form part of these financial statements. 

Page 2

 
Reeves Independent (Acquisitions) Limited
 
 

Notes to the financial statements
Year ended 31 December 2023

1.


General information

The company is a private company limited by shares, incorporated and domiciled in the United Kingdom. The registered office is 2nd Floor, Park View House, Front Street, Benton, Newcastle upon Tyne, NE7 7TZ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is the amount derived from the provision of financial services and advice, being fees receivable during the period, stated net of value added tax. Revenue is recognised when the appropriate service has been delivered.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

  
2.5

Intangible assets

Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the statement of comprehensive income over its useful economic life of 10 years.

 
2.6

Financial instruments

Basic financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Page 3

 
Reeves Independent (Acquisitions) Limited
 
 

Notes to the financial statements
Year ended 31 December 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Intangible assets




Goodwill

£



Cost


At 1 January 2023
125,736



At 31 December 2023

125,736



Amortisation


At 1 January 2023
28,291


Charge for the year
12,574



At 31 December 2023

40,865



Net book value



At 31 December 2023
84,871



At 31 December 2022
97,445




5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
100
100

100
100


Page 4

 
Reeves Independent (Acquisitions) Limited
 
 

Notes to the financial statements
Year ended 31 December 2023

6.


Creditors: amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
72,477
49,876

Corporation tax
3,305
8,727

75,782
58,603



7.


Related party transactions

During the year, the company used a loan account to record amounts due to and from Reeves Group
Holdings Limited, the company's parent undertaking. At the year end, the balance owed to the company by Reeves Group Holdings Limited was £100 (2022 - £100). The loan is unsecured, interest free and no fixed terms of repayment have been agreed.
During the year, the company used a loan account to record amounts due to and from Reeves Independent Limited. At the year end, the balance owed by the company to Reeves Independent Limited was £72,477 (2022 - £49,876). The loan is unsecured, interest free and no fixed terms of repayment have been agreed.

 
Page 5