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Registered number: 11302222
Reyneke Group Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11302222
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 300 1,025
Investment Properties 5 170,343 461,095
170,643 462,120
CURRENT ASSETS
Debtors 6 - 1,730
Cash at bank and in hand 7,218 5,142
7,218 6,872
Creditors: Amounts Falling Due Within One Year 7 (99,837 ) (192,164 )
NET CURRENT ASSETS (LIABILITIES) (92,619 ) (185,292 )
TOTAL ASSETS LESS CURRENT LIABILITIES 78,024 276,828
Creditors: Amounts Falling Due After More Than One Year 8 (136,467 ) (346,990 )
NET LIABILITIES (58,443 ) (70,162 )
CAPITAL AND RESERVES
Called up share capital 9 200 200
Profit and Loss Account (58,643 ) (70,362 )
SHAREHOLDERS' FUNDS (58,443) (70,162)
Page 1
Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Dr Rosemary Reyneke
Director
02/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Reyneke Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11302222 . The registered office is Coach House, Bellevue Road, London, N11 3NY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Straight Line
Fixtures & Fittings 25% straight line
Computer Equipment 33% straight line
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 May 2023 500 8,739 3,083 12,322
As at 30 April 2024 500 8,739 3,083 12,322
Depreciation
As at 1 May 2023 100 8,739 2,458 11,297
Provided during the period 100 - 625 725
As at 30 April 2024 200 8,739 3,083 12,022
Net Book Value
As at 30 April 2024 300 - - 300
As at 1 May 2023 400 - 625 1,025
Page 3
Page 4
5. Investment Property
2024
£
Fair Value
As at 1 May 2023 461,095
Disposals (290,752 )
As at 30 April 2024 170,343
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 700
Prepayments and accrued income - 1,014
Other taxes and social security - 16
- 1,730
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 26
Net wages - 3,125
Other creditors - 1,198
Rent deposit held 650 -
Accruals and deferred income 1,440 1,440
Director's loan account 97,747 186,375
99,837 192,164
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 136,467 346,990
136,467 346,990
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
Page 4