Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-30false2023-07-01falseProperty managementfalse22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10066111 2023-07-01 2024-06-30 10066111 2022-07-01 2023-06-30 10066111 2024-06-30 10066111 2023-06-30 10066111 c:Director1 2023-07-01 2024-06-30 10066111 d:PlantMachinery 2023-07-01 2024-06-30 10066111 d:PlantMachinery 2024-06-30 10066111 d:PlantMachinery 2023-06-30 10066111 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 10066111 d:OfficeEquipment 2023-07-01 2024-06-30 10066111 d:OfficeEquipment 2024-06-30 10066111 d:OfficeEquipment 2023-06-30 10066111 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 10066111 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 10066111 d:Goodwill 2023-07-01 2024-06-30 10066111 d:Goodwill 2024-06-30 10066111 d:Goodwill 2023-06-30 10066111 d:CurrentFinancialInstruments 2024-06-30 10066111 d:CurrentFinancialInstruments 2023-06-30 10066111 d:Non-currentFinancialInstruments 2024-06-30 10066111 d:Non-currentFinancialInstruments 2023-06-30 10066111 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 10066111 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 10066111 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 10066111 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 10066111 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-06-30 10066111 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 10066111 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-06-30 10066111 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 10066111 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-06-30 10066111 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-06-30 10066111 d:ShareCapital 2024-06-30 10066111 d:ShareCapital 2023-06-30 10066111 d:RetainedEarningsAccumulatedLosses 2024-06-30 10066111 d:RetainedEarningsAccumulatedLosses 2023-06-30 10066111 c:FRS102 2023-07-01 2024-06-30 10066111 c:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 10066111 c:FullAccounts 2023-07-01 2024-06-30 10066111 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10066111 6 2023-07-01 2024-06-30 10066111 d:Goodwill d:OwnedIntangibleAssets 2023-07-01 2024-06-30 10066111 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 10066111










REEKS & DAUGHTERS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

 
REEKS & DAUGHTERS LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF REEKS & DAUGHTERS LIMITED
FOR THE YEAR ENDED 30 JUNE 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Reeks & Daughters Limited for the year ended 30 June 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Reeks & Daughters Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Reeks & Daughters Limited and state those matters that we have agreed to state to the Board of directors of Reeks & Daughters Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Reeks & Daughters Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Reeks & Daughters Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Reeks & Daughters Limited. You consider that Reeks & Daughters Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Reeks & Daughters Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Shorts
 
2 Ashgate Road
Chesterfield
S40 4AA
26 March 2025
Page 1

 
REEKS & DAUGHTERS LIMITED
REGISTERED NUMBER: 10066111

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
1,750
2,750

Tangible assets
 5 
3,032
3,567

Investments
 6 
3
3

  
4,785
6,320

Current assets
  

Debtors: amounts falling due within one year
 7 
93,130
101,370

Bank and cash balances
  
425
3,976

  
93,555
105,346

Creditors: amounts falling due within one year
 8 
(11,724)
(11,928)

Net current assets
  
 
 
81,831
 
 
93,418

Total assets less current liabilities
  
86,616
99,738

Creditors: amounts falling due after more than one year
 9 
(121,721)
(133,219)

  

Net liabilities
  
(35,105)
(33,481)


Capital and reserves
  

Called up share capital 
  
103
103

Profit and loss account
  
(35,208)
(33,584)

  
(35,105)
(33,481)


Page 2

 
REEKS & DAUGHTERS LIMITED
REGISTERED NUMBER: 10066111
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 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 statement of income and retained earnings 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 26 March 2025.




A J Reeks
Director

The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
REEKS & DAUGHTERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Reeks & Daughters Limited is a private company limited by shares, incorporated in England and Wales (registered number: 10066111). Its registered office is 31 Whiteley Wood Road, Sheffield, S11 7FF. The principal activity throughout the year continued to be that of property management.

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 company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Going concern

At 30 June 2024 the Company’s liabilities exceeded its assets by £35,105 (2023: £33,481). The Company will continue to receive support from the director and related undertakings and on this basis the accounts have been prepared on a going concern basis.

 
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.

Page 4

 
REEKS & DAUGHTERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.4

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.5

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
15%
Office equipment
-
15%

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.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Page 5

 
REEKS & DAUGHTERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.7

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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3.


Employees

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

Page 6

 
REEKS & DAUGHTERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 July 2023
10,000



At 30 June 2024

10,000



Amortisation


At 1 July 2023
7,250


Charge for the year on owned assets
1,000



At 30 June 2024

8,250



Net book value



At 30 June 2024
1,750



At 30 June 2023
2,750



Page 7

 
REEKS & DAUGHTERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Tangible fixed assets





Plant and machinery
Office equipment
Total

£
£
£



Cost or valuation


At 1 July 2023
8,176
1,089
9,265



At 30 June 2024

8,176
1,089
9,265



Depreciation


At 1 July 2023
5,001
697
5,698


Charge for the year on owned assets
476
59
535



At 30 June 2024

5,477
756
6,233



Net book value



At 30 June 2024
2,699
333
3,032



At 30 June 2023
3,175
392
3,567


6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 July 2023
3



At 30 June 2024
3




Page 8

 
REEKS & DAUGHTERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
84,319
92,559

Other debtors
8,811
8,811



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Loans
5,496
4,498

Trade creditors
-
1,176

Other creditors
5,028
5,454

Accruals and deferred income
1,200
800

11,724
11,928



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Loans
30,956
37,450

Other creditors
90,765
95,769

121,721
133,219


Page 9

 
REEKS & DAUGHTERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
5,496
4,498

Amounts falling due 1-2 years

Bank loans
5,496
4,498

Amounts falling due 2-5 years

Bank loans
16,488
13,495

Amounts falling due after more than 5 years

Bank loans
8,971
19,456

36,451
41,947


 
Page 10