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REGISTERED NUMBER: 11959544 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

REVA APP LIMITED

REVA APP LIMITED (REGISTERED NUMBER: 11959544)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


REVA APP LIMITED

COMPANY INFORMATION
for the Year Ended 30 September 2024







DIRECTORS: Rachael Eva Ainscough
David Philip Richard Watson
Jamie Frederick Acton
Tommy Holland



REGISTERED OFFICE: Oakland House
21 Hope Carr Road
Leigh
Wigan
Lancashire
WN7 3ET



REGISTERED NUMBER: 11959544 (England and Wales)



ACCOUNTANTS: Fairhurst Accountants Ltd
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB



BANKERS: The Royal Bank of Scotland Plc
1 Spinningfields Square
Manchester
M3 3AP

REVA APP LIMITED (REGISTERED NUMBER: 11959544)

STATEMENT OF FINANCIAL POSITION
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11 123

CURRENT ASSETS
Debtors 5 41 69
Cash at bank 225 1,032
266 1,101
CREDITORS
Amounts falling due within one year 6 1,221 1,179
NET CURRENT LIABILITIES (955 ) (78 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(944

)

45

CREDITORS
Amounts falling due after more than one
year

7

830,744

825,000
NET LIABILITIES (831,688 ) (824,955 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (831,788 ) (825,055 )
SHAREHOLDERS' FUNDS (831,688 ) (824,955 )

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

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

The directors acknowledge their 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.

REVA APP LIMITED (REGISTERED NUMBER: 11959544)

STATEMENT OF FINANCIAL POSITION - continued
30 September 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 Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:





David Philip Richard Watson - Director


REVA APP LIMITED (REGISTERED NUMBER: 11959544)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Reva App Limited 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.

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.

The activities of the company have been funded to date directly or indirectly by director, Rachael Ainscough, who has indicated her willingness to provide future funding. On this basis, the directors believe the company has adequate resources to continue its activities for the foreseeable future.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company derives its income principally from subscriptions to its health and fitness platform, which is recognised on an accruals basis over the related membership period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost less depreciation and impairment.

Impairment of assets
At each reporting date assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately.

Financial instruments
Short term financial assets, including trade and other debtors and cash and bank balances, are measured at the transaction price. Short term financial liabilities, including trade and other creditors, overdrafts and related party loans, are measured at transaction price.

Financial assets and liabilities payable after one year are initially measured at fair value and are measured subsequently at amortised cost using the effective interest rate method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


REVA APP LIMITED (REGISTERED NUMBER: 11959544)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 14,688 15,150 29,838
DEPRECIATION
At 1 October 2023 14,633 15,082 29,715
Charge for year 55 57 112
At 30 September 2024 14,688 15,139 29,827
NET BOOK VALUE
At 30 September 2024 - 11 11
At 30 September 2023 55 68 123

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 41 69

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 372 326
Other creditors 849 853
1,221 1,179

REVA APP LIMITED (REGISTERED NUMBER: 11959544)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Amounts owed to group undertakings 830,744 825,000

8. RELATED PARTY DISCLOSURES

During the year the company made purchases of £3,391 (2023: £3,374) from group undertakings. As at 30 September 2024 £372 (2023: £325) was owed to the company.

During the year the company received funds of £5,744 (2023: £nil) and repaid funds of £nil (2023: £14,666) to group undertakings. As at 30 September 2024 a balance of £830,744 (2023: £825,000) was owed by the company.

9. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Ainscough Group Limited. Accounts for Ainscough Group Limited can be obtained from its registered office, Oakland House, 21 Hope Carr Road, Leigh, Wigan, WN7 3ET.