Rexford Limited 01924190 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is that of money lenders and financiers. Digita Accounts Production Advanced 6.30.9574.0 true true 01924190 2023-07-01 2024-06-30 01924190 2024-06-30 01924190 bus:OrdinaryShareClass1 2024-06-30 01924190 core:CurrentFinancialInstruments 2024-06-30 01924190 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 01924190 bus:SmallEntities 2023-07-01 2024-06-30 01924190 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 01924190 bus:FullAccounts 2023-07-01 2024-06-30 01924190 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 01924190 bus:RegisteredOffice 2023-07-01 2024-06-30 01924190 bus:Director1 2023-07-01 2024-06-30 01924190 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 01924190 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 01924190 countries:EnglandWales 2023-07-01 2024-06-30 01924190 2022-07-01 2023-06-30 01924190 2023-06-30 01924190 bus:OrdinaryShareClass1 2023-06-30 01924190 core:CurrentFinancialInstruments 2023-06-30 01924190 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 01924190

Rexford Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Rexford Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Rexford Limited

(Registration number: 01924190)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

1,063,947

1,216,750

Investments

5

157,000

50,000

Cash at bank and in hand

 

225,183

234,865

 

1,446,130

1,501,615

Creditors: Amounts falling due within one year

6

(3,900)

(64,216)

Net assets

 

1,442,230

1,437,399

Capital and reserves

 

Called up share capital

7

100

100

Profit and loss account

1,442,130

1,437,299

Shareholders' funds

 

1,442,230

1,437,399

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 March 2025 and signed on its behalf by:
 

.........................................
L J Gerrard
Director

 

Rexford Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
C/O Sterlings Ltd
Lawford House
Albert Place
London
N3 1QA
England

The principal place of business is:
6 Portman Hall
Old Redding
Harrow Weald
Middlesex
HA3 6SH

These financial statements were authorised for issue by the Board on 12 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover represents amounts receivable from loan arrangements and services rendered.


The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Rexford Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Tax

The current Corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Rexford Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Debtors

Current

2024
£

2023
£

Trade debtors

871,943

1,072,765

Other debtors

192,004

143,985

 

1,063,947

1,216,750

5

Current asset investments

2024
£

2023
£

Other investments

157,000

50,000

 

Rexford Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

-

5,095

Other creditors

-

25,521

Accruals and deferred income

3,900

33,600

3,900

64,216

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary share of £1 each

100

100

100

100

         

8

Related party transactions

Included in other creditors is an amount of £NIL (2023 - £25,521) due to the director of the company. The loan is provided interest free and is unsecured. There are no formal terms and conditions regarding repayment of the loan.

Included in other debtors is an amount of £44,019 (2023 - £NIL) due from the director of the company. The loan is provided interest free and is unsecured. There are no formal terms and conditions regarding repayment of the loan.

At the year end a total amount of £134,667 (2023 - £130,667) is due from companies of which one of the directors has a material interest in.