Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-011falseDevelopment of building projects1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10885770 2023-04-01 2024-03-31 10885770 2022-04-01 2023-03-31 10885770 2024-03-31 10885770 2023-03-31 10885770 c:Director1 2023-04-01 2024-03-31 10885770 d:OfficeEquipment 2023-04-01 2024-03-31 10885770 d:OfficeEquipment 2024-03-31 10885770 d:OfficeEquipment 2023-03-31 10885770 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10885770 d:FreeholdInvestmentProperty 2024-03-31 10885770 d:FreeholdInvestmentProperty 2023-03-31 10885770 d:CurrentFinancialInstruments 2024-03-31 10885770 d:CurrentFinancialInstruments 2023-03-31 10885770 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10885770 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10885770 d:ShareCapital 2024-03-31 10885770 d:ShareCapital 2023-03-31 10885770 d:RetainedEarningsAccumulatedLosses 2024-03-31 10885770 d:RetainedEarningsAccumulatedLosses 2023-03-31 10885770 c:FRS102 2023-04-01 2024-03-31 10885770 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10885770 c:FullAccounts 2023-04-01 2024-03-31 10885770 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10885770 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 10885770









REUMART LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
REUMART LIMITED
 
 
DIRECTOR'S RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024

The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the director is required to:

select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgments and accounting estimates that are reasonable and prudent;


prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable him to ensure that the financial statements comply with the Companies Act 2006He is also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 1

 
REUMART LIMITED
REGISTERED NUMBER: 10885770

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,866
5,315

Investment property
 5 
495,997
495,997

  
499,863
501,312

Current assets
  

Debtors: amounts falling due within one year
 6 
-
15,373

Cash at bank and in hand
 7 
38,562
25,802

  
38,562
41,175

Creditors: amounts falling due within one year
 8 
(507,918)
(510,531)

Net current liabilities
  
 
 
(469,356)
 
 
(469,356)

Total assets less current liabilities
  
30,507
31,956

  

Net assets
  
30,507
31,956


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
29,507
30,956

  
30,507
31,956


Page 2

 
REUMART LIMITED
REGISTERED NUMBER: 10885770
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers 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 director acknowledges his 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 statement of comprehensive income 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 25 March 2025.



R Davies
Director

The notes on pages 4 to 7 form part of these financial statements.

Page 3

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

1.


General information

Reumart Limited is a private company, limited by shares and incorporated in England and Wales, United Kingdom, with a registration number 10885770. The address of the registered office is Haslers, Old Station Road, Loughton, Essex, IG10 4PL. The principal activity is that of development of building projects.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The financial statements are presented in pound sterling which is the functional currency of the company and rounded to the nearest £.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue consists of rental income received over the period to which it relates.

 
2.3

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.

 
2.4

Borrowing costs

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

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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


Page 4

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

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25% Straight Line Method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Investment property

Investment property is carried at fair value determined annually by the Director 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 the Profit and Loss Account.

 
2.8

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.

 
2.9

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.

 
2.10

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 1 (2023 - 1).

Page 5

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

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 April 2023
5,797



At 31 March 2024

5,797



Depreciation


At 1 April 2023
482


Charge for the year on owned assets
1,449



At 31 March 2024

1,931



Net book value



At 31 March 2024
3,866



At 31 March 2023
5,314


5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
495,997



At 31 March 2024
495,997

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







Page 6

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

6.


Debtors

2024
2023
£
£


Trade debtors
-
14,861

Prepayments and accrued income
-
512

-
15,373



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
38,562
25,802

38,562
25,802



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
23,475
36,207

Trade creditors
472
-

Corporation tax
-
1,697

Other taxation and social security
1,620
1,602

Other creditors
476,286
466,795

Accruals and deferred income
6,065
4,230

507,918
510,531



9.


Related party transactions

At the year end, £475,086 (2023: £465,595) was due to key management personnel. 


10.


Controlling party

The ultimate controlling party is R Davies by virtue of his majority shareholding.

 
Page 7