Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31falseNo description of principal activity2023-04-0122truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10864642 2023-03-31 10864642 2023-04-01 2024-03-31 10864642 2022-07-31 2023-07-30 10864642 2024-03-31 10864642 2023-07-30 10864642 c:Director1 2023-04-01 2024-03-31 10864642 d:FreeholdInvestmentProperty 2024-03-31 10864642 d:FreeholdInvestmentProperty 2023-07-30 10864642 d:CurrentFinancialInstruments 2024-03-31 10864642 d:CurrentFinancialInstruments 2023-07-30 10864642 d:Non-currentFinancialInstruments 2024-03-31 10864642 d:Non-currentFinancialInstruments 2023-07-30 10864642 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10864642 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-30 10864642 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 10864642 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-30 10864642 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 10864642 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-07-30 10864642 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 10864642 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-07-30 10864642 d:ShareCapital 2024-03-31 10864642 d:ShareCapital 2023-07-30 10864642 d:RetainedEarningsAccumulatedLosses 2024-03-31 10864642 d:RetainedEarningsAccumulatedLosses 2023-07-30 10864642 c:FRS102 2023-04-01 2024-03-31 10864642 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10864642 c:FullAccounts 2023-04-01 2024-03-31 10864642 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10864642 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 10864642










REEMOR LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
REEMOR LIMITED
REGISTERED NUMBER: 10864642

BALANCE SHEET
AS AT 31 MARCH 2024

31 March 2024
31 July
2023
Note
£
£

Fixed assets
  

Investment property
 4 
178,416
178,416

  
178,416
178,416

Current assets
  

Debtors: amounts falling due within one year
 5 
400
1,608

Cash at bank and in hand
 6 
14,236
4,939

  
14,636
6,547

Creditors: amounts falling due within one year
 7 
(173,131)
(179,992)

Net current liabilities
  
 
 
(158,495)
 
 
(173,445)

Total assets less current liabilities
  
19,921
4,971

Creditors: amounts falling due after more than one year
 8 
(60,441)
(62,584)

  

Net liabilities
  
(40,520)
(57,613)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(40,620)
(57,713)

  
(40,520)
(57,613)


Page 1

 
REEMOR LIMITED
REGISTERED NUMBER: 10864642

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 March 2025.




Marc Peter Morris
Director

Page 2

 
REEMOR LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Reemor Limited is a private company, limited by shares, registered in England and Wales. The compay's registered number is 10864642 and the registered address is MHA House, Charter Court, Phoenix Way, Swansea Enterprise Park, Swansea, SA7 9FS. 
The presentation currency of the financial statements is the Pound Sterling (£).
Monetary amounts in these financial statements are rounded to the nearest (£).

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The current economic climate remains uncertain, however, the directors have taken all reasonable and necessary measures to safeguard the company.
The directors have assessed the company's financial position and the directors believe that the company is well placed to manage its risks successfully, despite the current uncertain economic outlook and have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors have adopted the going concern basis in preparing the financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
REEMOR LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees







The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
REEMOR LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
178,416



At 31 March 2024
178,416

The 2024 valuations were made by the director, Marc Morris, on an open market value for existing use basis.




Page 5

 
REEMOR LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

31 March 2024
31 July
2023 
£
£


Trade debtors
400
400

Prepayments and accrued income
-
1,208

400
1,608



6.


Cash and cash equivalents

31 March 2024
31 July
2023
£
£

Cash at bank and in hand
14,236
4,939

14,236
4,939



7.


Creditors: Amounts falling due within one year

31 March 2024
31 July
2023
£
£

Bank loans
6,327
5,727

Trade creditors
2,520
1,320

Other creditors
163,204
171,505

Accruals and deferred income
1,080
1,440

173,131
179,992


Page 6

 
REEMOR LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Creditors: Amounts falling due after more than one year

31 March 2024
31 July
2023
£
£

Bank loans
60,441
62,584

60,441
62,584


The following liabilities were secured:

31 March 2024
31 July
2023
£
£



Bank loans
66,767
68,311

66,767
68,311

Details of security provided:

The company's bank loans are secured by a Legal Charge dated 2 October 2017 over the company's Freehold premises in favour of National Westminster Bank PLC.

Page 7

 
REEMOR LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Loans


Analysis of the maturity of loans is given below:


31 March 2024
31 July
2023
£
£

Amounts falling due within one year

Bank loans
6,327
5,727


6,327
5,727

Amounts falling due 1-2 years

Bank loans
6,381
62,584


6,381
62,584

Amounts falling due 2-5 years

Bank loans
54,059
-


54,059
-


66,767
68,311



10.


Related party transactions

Included within other creditors are amounts owing to the directors totalling £95,570 (2023 : £95,570). These amounts are interest free, unsecured and repayable on demand.


Page 8