Company Registration No. 12796254 (England and Wales)
REECE UK PROPERTIES LIMITED
Unaudited accounts
for the year ended 30 September 2024
REECE UK PROPERTIES LIMITED
Unaudited accounts
Contents
REECE UK PROPERTIES LIMITED
Company Information
for the year ended 30 September 2024
Directors
Matthew Reece
Jordan Reece
Jamie Reece
Lisa Boyce
Company Number
12796254 (England and Wales)
Registered Office
27 HILL BANK ROAD
HALESOWEN
B63 2ST
ENGLAND
Accountants
Taxez
5 South Charlotte Street
Edinburgh
EH2 4AN
REECE UK PROPERTIES LIMITED
Statement of financial position
as at 30 September 2024
Investment property
138,403
138,403
Cash at bank and in hand
7,241
4,720
Creditors: amounts falling due within one year
(55,009)
(54,559)
Net current liabilities
(47,768)
(49,839)
Total assets less current liabilities
90,635
88,564
Creditors: amounts falling due after more than one year
(91,292)
(91,292)
Net liabilities
(657)
(2,728)
Called up share capital
4
4
Profit and loss account
(661)
(2,732)
Shareholders' funds
(657)
(2,728)
For the year ending 30 September 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2025 and were signed on its behalf by
Matthew Reece
Director
Company Registration No. 12796254
REECE UK PROPERTIES LIMITED
Notes to the Accounts
for the year ended 30 September 2024
REECE UK PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12796254. The registered office is 27 HILL BANK ROAD, HALESOWEN, B63 2ST, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover includes revenue earned from property rental and is recognised when receivable from the tenant.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Fair value at 1 October 2023
138,403
At 30 September 2024
138,403
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
3,350
3,348
Taxes and social security
40
-
Loans from directors
51,260
50,948
6
Creditors: amounts falling due after more than one year
2024
2023
REECE UK PROPERTIES LIMITED
Notes to the Accounts
for the year ended 30 September 2024
7
Average number of employees
During the year the average number of employees was 4 (2023: 4).