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REGISTERED NUMBER: 07222322 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

REVIVE PROPERTY SERVICES (UK) LIMITED

REVIVE PROPERTY SERVICES (UK) LIMITED (REGISTERED NUMBER: 07222322)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Statement of Financial Position 1 to 2

Notes to the Financial Statements 3 to 6


REVIVE PROPERTY SERVICES (UK) LIMITED (REGISTERED NUMBER: 07222322)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 94,257 60,128

CURRENT ASSETS
Stocks 3,600 -
Debtors 5 600,816 645,425
Cash at bank and in hand 14,766 35
619,182 645,460
CREDITORS
Amounts falling due within one year 6 (471,642 ) (633,283 )
NET CURRENT ASSETS 147,540 12,177
TOTAL ASSETS LESS CURRENT
LIABILITIES

241,797

72,305

CREDITORS
Amounts falling due after more than one
year

7

(219,640

)

(56,023

)

PROVISIONS FOR LIABILITIES (17,553 ) (11,423 )
NET ASSETS 4,604 4,859

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 4,404 4,659
4,604 4,859

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

REVIVE PROPERTY SERVICES (UK) LIMITED (REGISTERED NUMBER: 07222322)

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 November 2024 and were signed on its behalf by:




P T Rimmer - Director



S Rimmer - Director


REVIVE PROPERTY SERVICES (UK) LIMITED (REGISTERED NUMBER: 07222322)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Revive Property Services (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07222322

Registered office: 1 County Road
Walton
Liverpool
L4 3QA

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

(i) Estimated useful lives and residual values of fixed assets

As described in the notes to the financial statements, amortisation of intangible fixed assets and depreciation of tangible fixed assets have been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take into account estimated useful lives used by other companies operating in the sector and actual asset lives and residual values, as evidenced by disposals during the current and prior accounting periods.

Revenue recognition
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.
Plant and machinery - 25% reducing balance
Fixtures and fittings - 15% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

REVIVE PROPERTY SERVICES (UK) LIMITED (REGISTERED NUMBER: 07222322)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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 year was 21 (2023 - 17 ) .

REVIVE PROPERTY SERVICES (UK) LIMITED (REGISTERED NUMBER: 07222322)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 8,657 4,116 177,452 10,030 200,255
Additions - 1,614 51,507 - 53,121
At 30 April 2024 8,657 5,730 228,959 10,030 253,376
DEPRECIATION
At 1 May 2023 8,075 2,882 122,347 6,823 140,127
Charge for year 145 337 17,359 1,151 18,992
At 30 April 2024 8,220 3,219 139,706 7,974 159,119
NET BOOK VALUE
At 30 April 2024 437 2,511 89,253 2,056 94,257
At 30 April 2023 582 1,234 55,105 3,207 60,128

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 393,571 459,518
Amounts owed by group undertakings 199,251 176,948
Other debtors 7,994 8,959
600,816 645,425

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 30,043 36,941
Hire purchase contracts (see note 8) 22,210 12,182
Trade creditors 168,677 140,777
Taxation and social security 215,764 384,382
Other creditors 34,948 59,001
471,642 633,283

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 10,542 20,891
Hire purchase contracts (see note 8) 59,209 35,132
Other creditors 149,889 -
219,640 56,023

REVIVE PROPERTY SERVICES (UK) LIMITED (REGISTERED NUMBER: 07222322)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.4.24 30.4.23
£    £   
Net obligations repayable:
Within one year 22,210 12,182
Between one and five years 59,209 35,132
81,419 47,314

Non-cancellable operating leases
30.4.24 30.4.23
£    £   
Within one year - 9,398

9. RELATED PARTY DISCLOSURES

All transactions undertaken with directors and related parties are deemed to be conducted under normal market conditions and/or are not material.

10. ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking is Revive Property Holdings Limited, a company registered in
England and Wales, by virtue of their 100% shareholding in the company.