Company registration number 00625759 (England and Wales)
R.E. & H.M. INVESTMENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
R.E. & H.M. INVESTMENTS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
R.E. & H.M. INVESTMENTS LIMITED
BALANCE SHEET
AS AT 30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
1,331
1,775
Investment property
5
1,115,104
1,231,076
Investments
6
678,588
67,382
1,795,023
1,300,233
Current assets
Debtors
7
7,269
7,269
Cash at bank and in hand
82,204
166,564
89,473
173,833
Creditors: amounts falling due within one year
8
(395,440)
(436,499)
Net current liabilities
(305,967)
(262,666)
Total assets less current liabilities
1,489,056
1,037,567
Provisions for liabilities
(333)
(337)
Net assets
1,488,723
1,037,230
Capital and reserves
Called up share capital
10,000
10,000
Revaluation reserve
9
335,853
335,853
Profit and loss reserves
1,142,870
691,377
Total equity
1,488,723
1,037,230
R.E. & H.M. INVESTMENTS LIMITED
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024
30 June 2024
- 2 -

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

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 17 March 2025 and are signed on its behalf by:
Mr J Langley
Director
Company registration number 00625759 (England and Wales)
R.E. & H.M. INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
1
Accounting policies
Company information

R.E. & H.M. Investments Limited is a private company limited by shares incorporated in England and Wales. The registered office is 27 Mortimer Street, London, W1T 3BL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue is recognised at the fair value of the consideration received or receivable for properties in the normal course of business.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
25% reducing balance method

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.5
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

 

 

 

 

 

 

 

R.E. & H.M. INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 4 -
1.6
Financial instruments
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

R.E. & H.M. INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 5 -
1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
3
5
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023 and 30 June 2024
29,783
Depreciation and impairment
At 1 July 2023
28,008
Depreciation charged in the year
444
At 30 June 2024
28,452
Carrying amount
At 30 June 2024
1,331
At 30 June 2023
1,775
R.E. & H.M. INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 6 -
5
Investment property
2024
£
Fair value
At 1 July 2023
1,231,076
Additions
47,560
Disposals
(163,532)
At 30 June 2024
1,115,104
6
Fixed asset investments
2024
2023
£
£
Other investments other than loans
678,588
67,382
Fixed asset investments revalued

The investments held by the company have been revalued using up to date market information at the balance sheet date.

Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 July 2023
67,382
Additions
611,206
At 30 June 2024
678,588
Carrying amount
At 30 June 2024
678,588
At 30 June 2023
67,382
7
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
7,269
7,269
R.E. & H.M. INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 7 -
8
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
-
0
58
Trade creditors
18,889
29,589
Corporation tax
52,841
1,842
Other creditors
323,710
405,010
395,440
436,499
9
Revaluation reserve
2024
2023
£
£
At the beginning and end of the year
335,853
335,853
2024-06-302023-07-01falsefalsefalse17 March 2025CCH SoftwareCCH Accounts Production 2024.301No description of principal activityMr J LangleyMr B P LangleyMrs J LangleyMs E Langley006257592023-07-012024-06-30006257592024-06-30006257592023-06-3000625759core:OtherPropertyPlantEquipment2024-06-3000625759core:OtherPropertyPlantEquipment2023-06-3000625759core:CurrentFinancialInstrumentscore:WithinOneYear2024-06-3000625759core:CurrentFinancialInstrumentscore:WithinOneYear2023-06-3000625759core:CurrentFinancialInstruments2024-06-3000625759core:CurrentFinancialInstruments2023-06-3000625759core:ShareCapital2024-06-3000625759core:ShareCapital2023-06-3000625759core:RevaluationReserve2024-06-3000625759core:RevaluationReserve2023-06-3000625759core:RetainedEarningsAccumulatedLosses2024-06-3000625759core:RetainedEarningsAccumulatedLosses2023-06-3000625759bus:Director12023-07-012024-06-3000625759core:FurnitureFittings2023-07-012024-06-30006257592022-07-012023-06-3000625759core:OtherPropertyPlantEquipment2023-06-3000625759core:OtherPropertyPlantEquipment2023-07-012024-06-30006257592023-06-3000625759core:WithinOneYear2024-06-3000625759core:WithinOneYear2023-06-3000625759bus:PrivateLimitedCompanyLtd2023-07-012024-06-3000625759bus:FRS1022023-07-012024-06-3000625759bus:AuditExempt-NoAccountantsReport2023-07-012024-06-3000625759bus:Director22023-07-012024-06-3000625759bus:Director32023-07-012024-06-3000625759bus:Director42023-07-012024-06-3000625759bus:SmallCompaniesRegimeForAccounts2023-07-012024-06-3000625759bus:FullAccounts2023-07-012024-06-30xbrli:purexbrli:sharesiso4217:GBP