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REGISTERED NUMBER: 08569967 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

REEVES ESTATES LTD

REEVES ESTATES LTD (REGISTERED NUMBER: 08569967)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REEVES ESTATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: C E Josefovitz





REGISTERED OFFICE: 115 Craven Park Road
South Tottenham
London
N15 6BL





REGISTERED NUMBER: 08569967 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

REEVES ESTATES LTD (REGISTERED NUMBER: 08569967)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,683 3,157
Investment property 5 1,375,000 1,375,000
1,377,683 1,378,157

CURRENT ASSETS
Debtors 6 815,344 841,183
Cash at bank 2,056 305
817,400 841,488
CREDITORS
Amounts falling due within one year 7 (726,946 ) (746,006 )
NET CURRENT ASSETS 90,454 95,482
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,468,137

1,473,639

CREDITORS
Amounts falling due after more than one
year

8

(1,241,050

)

(1,245,050

)

PROVISIONS FOR LIABILITIES (43,976 ) (43,976 )
NET ASSETS 183,111 184,613

CAPITAL AND RESERVES
Called up share capital 10 1 1
Fair value reserve 11 231,451 231,451
Retained earnings 11 (48,341 ) (46,839 )
SHAREHOLDERS' FUNDS 183,111 184,613

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

REEVES ESTATES LTD (REGISTERED NUMBER: 08569967)

BALANCE SHEET - continued
30 JUNE 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 March 2025 and were signed by:





C E Josefovitz - Director


REEVES ESTATES LTD (REGISTERED NUMBER: 08569967)

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

1. STATUTORY INFORMATION

Reeves Estates Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net rent receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2023
and 30 June 2024 6,047
DEPRECIATION
At 1 July 2023 2,890
Charge for year 474
At 30 June 2024 3,364
NET BOOK VALUE
At 30 June 2024 2,683
At 30 June 2023 3,157

REEVES ESTATES LTD (REGISTERED NUMBER: 08569967)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 1,375,000
NET BOOK VALUE
At 30 June 2024 1,375,000
At 30 June 2023 1,375,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2023 231,451
Cost 1,143,549
1,375,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors - 2,089
Other debtors 815,344 839,094
815,344 841,183

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Taxation and social security 3,735 6,864
Other creditors 723,211 739,142
726,946 746,006

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 1,232,717 1,232,717
Other creditors 8,333 12,333
1,241,050 1,245,050

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,232,717 1,232,717

Repayable by instalments
Other loans more 5yrs instal 8,333 12,333

REEVES ESTATES LTD (REGISTERED NUMBER: 08569967)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 1,232,717 1,232,717
Other loans 8,333 12,333
1,241,050 1,245,050

1. Long term bank loan is secured by first charge over the company's investment property and bear interest at variable rates.

2. Under the bank loan, £8,333 was received under Bounce back Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% afterwards and backed by HM Government.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
1 Ordinary £1 1 1

11. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 July 2023 (46,839 ) 231,451 184,612
Deficit for the year (1,502 ) (1,502 )
At 30 June 2024 (48,341 ) 231,451 183,110

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C E Josefovitz.