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REGISTERED NUMBER: 12638397 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2023 TO 31 AUGUST 2024

FOR

RE:FORMLIVING LTD

RE:FORMLIVING LTD (REGISTERED NUMBER: 12638397)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JULY 2023 TO 31 AUGUST 2024










Page

Statement of Financial Position 1

Notes to the Financial Statements 2 to 5


RE:FORMLIVING LTD (REGISTERED NUMBER: 12638397)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2024

31.8.24 30.6.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 1,933

CURRENT ASSETS
Debtors 5 - 474
Cash at bank - 5,542
- 6,016
CREDITORS
Amounts falling due within one year 6 (1,092 ) (13,678 )
NET CURRENT LIABILITIES (1,092 ) (7,662 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,092

)

(5,729

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (1,192 ) (5,829 )
(1,092 ) (5,729 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 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.

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 24 January 2025 and were signed on its behalf by:




D O'Connor - Director


RE:FORMLIVING LTD (REGISTERED NUMBER: 12638397)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JULY 2023 TO 31 AUGUST 2024


1. STATUTORY INFORMATION

Re:formliving Ltd 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: 12638397

Registered office: C/O D P C
Stone House
55 Stone Road Business Park
Stoke-on-Trent
Staffordshire
ST4 6SR

The principal activity of the company was that of providing property design services.

The company ceased trading on 31 August 2024. The assets and liabilities presented in the statement of financial position are stated at their recoverable amount.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern
The company ceased trading on 31 August 2024. The assets and liabilities presented in the statement of financial position are stated at their recoverable amount.

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.

Revenue recognition
The company provides property sourcing services, income is recognised on contract completion. The turnover shown in the profit and loss account is exclusive of value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website costs are being amortised evenly over their estimated useful life of 3 years.

RE:FORMLIVING LTD (REGISTERED NUMBER: 12638397)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2023 TO 31 AUGUST 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.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Taxation
Taxation for the period 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 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.

RE:FORMLIVING LTD (REGISTERED NUMBER: 12638397)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2023 TO 31 AUGUST 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2023
and 31 August 2024 2,900
AMORTISATION
At 1 July 2023 967
Charge for period 1,933
At 31 August 2024 2,900
NET BOOK VALUE
At 31 August 2024 -
At 30 June 2023 1,933

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 30.6.23
£    £   
Tax - 474

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 30.6.23
£    £   
Amounts owed to group undertakings - 10,096
Amounts due to connected
companies - 2,300
Accruals and deferred income 1,092 1,282
1,092 13,678

7. EVENTS AFTER THE END OF THE REPORTING PERIOD

The company ceased trading on 31 August 2024. The assets and liabilities presented in the statement of financial position are stated at their recoverable amount.

There were no other significant events up to the date of approval of the financial statements by the Board.

8. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of O'Connor Property Group Limited.

RE:FORMLIVING LTD (REGISTERED NUMBER: 12638397)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2023 TO 31 AUGUST 2024


9. GOING CONCERN

The company ceased trading on 31 August 2024. The assets and liabilities presented in the statement of financial position are stated at their recoverable amount.