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REGISTERED NUMBER: 03109319 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2024

FOR

AUSTIN REES LIMITED

AUSTIN REES LIMITED (REGISTERED NUMBER: 03109319)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AUSTIN REES LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2024







DIRECTORS: N Mills
A J Austin
Mrs N Mills
Mrs M Austin
D Paige





REGISTERED OFFICE: 135-137 Dyke Road
Brighton
East Sussex
BN3 1TJ





REGISTERED NUMBER: 03109319 (England and Wales)





ACCOUNTANTS: Haines & Co
Chartered Accountants
Carlton House
28-29 Carlton Terrace
Portslade
Brighton
BN41 1UR

AUSTIN REES LIMITED (REGISTERED NUMBER: 03109319)

BALANCE SHEET
31 MARCH 2024

2024 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,686 6,463

CURRENT ASSETS
Debtors 5 598,458 726,153
Cash at bank and in hand 13,937 10,716
612,395 736,869
CREDITORS
Amounts falling due within one year 6 349,776 424,895
NET CURRENT ASSETS 262,619 311,974
TOTAL ASSETS LESS CURRENT
LIABILITIES

288,305

318,437

PROVISIONS FOR LIABILITIES 953 1,635
NET ASSETS 287,352 316,802

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 286,352 315,802
287,352 316,802

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

AUSTIN REES LIMITED (REGISTERED NUMBER: 03109319)

BALANCE SHEET - continued
31 MARCH 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:




N Mills - Director



A J Austin - Director


AUSTIN REES LIMITED (REGISTERED NUMBER: 03109319)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2024

1. STATUTORY INFORMATION

Austin Rees Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 20% on cost
Plant and machinery etc - 25% on reducing balance and 25% on cost

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 33 (2022 - 28 ) .

AUSTIN REES LIMITED (REGISTERED NUMBER: 03109319)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2022 - 154,219 154,219
Additions 22,480 1,694 24,174
At 31 March 2024 22,480 155,913 178,393
DEPRECIATION
At 1 October 2022 - 147,756 147,756
Charge for period 2,691 2,260 4,951
At 31 March 2024 2,691 150,016 152,707
NET BOOK VALUE
At 31 March 2024 19,789 5,897 25,686
At 30 September 2022 - 6,463 6,463

5. DEBTORS
2024 2022
£    £   
Amounts falling due within one year:
Trade debtors 16,550 12,366
Amounts owed by group undertakings 473,125 680,640
Other debtors 108,783 32,740
598,458 725,746

Amounts falling due after more than one year:
Other debtors - 407

Aggregate amounts 598,458 726,153

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Trade creditors 102,047 66,138
Taxation and social security 211,093 322,408
Other creditors 36,636 36,349
349,776 424,895

7. CONTINGENT LIABILITIES

The company has provided a guarantee in respect of the bank borrowings of its parent company Riversong Limited. The guarantee is in the form of fixed and floating charges over the assets of the company.