Company registration number:
14618203
Reachco 2 Limited
Unaudited filleted financial statements
31 March 2024
Reachco 2 Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Reachco 2 Limited
Directors and other information
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Director |
Mr Gary Marsden |
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Company number |
14618203 |
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Registered office |
Waterside Court |
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St Helens Technology Campus |
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St Helens |
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Lancashire |
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WA9 1UA |
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Accountant |
Stuart Noad |
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34 Brighton Road |
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Southport |
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Merseyside |
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PR8 4DD |
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Reachco 2 Limited
Statement of financial position
31 March 2024
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31/03/24 |
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Note |
£ |
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£ |
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Fixed assets |
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Investments |
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5 |
3,000 |
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_______ |
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3,000 |
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Current assets |
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Cash at bank and in hand |
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2 |
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_______ |
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2 |
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Creditors: amounts falling due |
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within one year |
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6 |
(
5) |
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_______ |
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Net current liabilities |
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(
3) |
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_______ |
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Total assets less current liabilities |
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2,997 |
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_______ |
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Net assets |
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2,997 |
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_______ |
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Capital and reserves |
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Called up share capital |
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7 |
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3,000 |
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Profit and loss account |
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(
3) |
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_______ |
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Shareholder funds |
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2,997 |
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_______ |
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For the period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
25 October 2024
, and are signed on behalf of the board by:
Mr Gary Marsden
Director
Company registration number:
14618203
Reachco 2 Limited
Notes to the financial statements
Period ended 31 March 2024
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Suite 12, Waterside Court, St Helens Technology Campus, St Helens, Lancashire, WA9 1UA.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to Nil.
5.
Investments
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Shares in group undertakings and participating interests |
Total |
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£ |
£ |
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Cost |
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At 26 January 2023 |
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- |
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Additions |
3,000 |
3,000 |
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_______ |
_______ |
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At 31 March 2024 |
3,000 |
3,000 |
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_______ |
_______ |
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Impairment |
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At 26 January 2023 and 31 March 2024 |
- |
- |
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_______ |
_______ |
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Carrying amount |
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At 31 March 2024 |
3,000 |
3,000 |
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_______ |
_______ |
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Investments in group undertakings |
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Registered office |
Class of share |
Percentage of shares held |
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Subsidiary undertakings |
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Reach Business-Services Limited |
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34 Brighton Road Southport Merseyside PR8 4DD |
Ordinary |
100 |
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6.
Creditors: amounts falling due within one year
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31/03/24 |
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£ |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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5 |
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_______ |
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7.
Called up share capital
Issued, called up and fully paid
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31/03/24 |
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No |
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£ |
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Ordinary shares of £
1.00 each |
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3,000 |
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3,000 |
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_______ |
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