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Registration number: 10479995

Remblance Property Company(Regional) Ltd

Report of the Directors and Unaudited Financial Statements

for the Year Ended 31 August 2024

 

Remblance Property Company(Regional) Ltd

Contents of The Financial Statements
for the Year Ended 31 August 2024

 

Company Information

1

Accountants' Report

2 to 3

Balance Sheet

4 to 5

Notes to the Unaudited Financial Statements

6 to 11

 

Remblance Property Company(Regional) Ltd

Company Information
for the Year Ended 31 August 2024

Directors

Mr J J Remblance

Mr J A Remblance

Registered office

10 Towerfield Road
Shoeburyness
Essex
SS3 9QE

Accountants

Insight Strategic Associates
Chartered Certified Accountants10 Towerfield Road
Shoeburyness
Essex
SS3 9QE

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Remblance Property Company(Regional) Ltd
for the Year Ended 31 August 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 Remblance Property Company(Regional) Ltd for the year ended 31 August 2024 as set out on pages 4 to 11 from the company's accounting records and from information and explanations you have given us.
 

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://www.accaglobal.com/gb/en/discover/public-value/rulebook.html.
 

This report is made solely to the Board of Directors of Remblance Property Company(Regional) Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Remblance Property Company(Regional) Ltd and state those matters that we have agreed to state to the Board of Directors of Remblance Property Company(Regional) Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http ://www.accaglobal. com/gb/en/technical- activities/ technical-resources-search/2009 /october/factsheet- 163-audit- exempt- companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Remblance Property Company(Regional) Ltd and its Board of Directors as a body for our work or for this report.
 

It is your duty to ensure that Remblance Property Company(Regional) Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Remblance Property Company(Regional) Ltd. You consider that Remblance Property Company(Regional) Ltd is exempt from the statutory audit requirement for the year.
 

We have not been instructed to carry out an audit or a review of the accounts of Remblance Property Company(Regional) Ltd. 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 accounts.

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Remblance Property Company(Regional) Ltd
for the Year Ended 31 August 2024

......................................

Insight Strategic Associates
Chartered Certified Accountants
10 Towerfield Road
Shoeburyness
Essex
SS3 9QE

21 May 2025

 

Remblance Property Company(Regional) Ltd

(Registration number: 10479995 )
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

1,312,566

1,312,566

Current assets

 

Debtors

5

35,513

35,848

Cash at bank and in hand

 

55,491

110,017

 

91,004

145,865

Creditors: Amounts falling due within one year

6

(904,226)

(1,108,926)

Net current liabilities

 

(813,222)

(963,061)

Total assets less current liabilities

 

499,344

349,505

Creditors: Amounts falling due after more than one year

6

(8,333)

(18,333)

Net assets

 

491,011

331,172

Capital and reserves

 

Called up share capital

100

100

Retained earnings

490,911

331,072

Shareholders' funds

 

491,011

331,172

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 21 May 2025 and signed on its behalf by:
 

 

Remblance Property Company(Regional) Ltd

(Registration number: 10479995 )
Balance Sheet as at 31 August 2024

.........................................
Mr J J Remblance
Director

 

Remblance Property Company(Regional) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
10 Towerfield Road
Shoeburyness
Essex
SS3 9QE
England

The principal place of business is:
2-4 Marine Parade
Southend on Sea
Essex
SS1 2EN
England

These financial statements were authorised for issue by the Board on 21 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

 

Remblance Property Company(Regional) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

2

Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Remblance Property Company(Regional) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

2

Accounting policies (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

 

Remblance Property Company(Regional) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

4

Investment properties

2024
£

At 1 September

1,312,566

At 31 August

1,312,566

There has been no valuation of investment property by an independent valuer.

5

Debtors

Current

2024
£

2023
£

Trade debtors

11,513

11,848

Other debtors

24,000

24,000

 

35,513

35,848

 

Remblance Property Company(Regional) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

10,000

10,000

Trade creditors

 

-

7,700

Amounts owed to group undertakings and undertakings in which the company has a participating interest

8

541,655

707,670

Taxation and social security

 

10,006

11,075

Accruals and deferred income

 

85,495

85,412

Other creditors

 

257,070

287,069

 

904,226

1,108,926

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

8,333

18,333

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

8,333

18,333

Current loans and borrowings

2024
£

2023
£

Bank borrowings

10,000

10,000

 

Remblance Property Company(Regional) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

8

Related party transactions

Summary of transactions with other related parties

At the year end a balance of £471,175 (2023:£487,175) was due to Star Amusements Limited a fellow subsidiary.

At the year end a balance of £63,494 (2023:£220,494) was due to RemblanceProperty company Limited a fellow subsidiary.

At the year end a balance of £6,348 (2023:£6,348) was due to Kingpins Bowl Limited a company under common control.

At the year end a balance of £24,000 (2023:£24,000) was due from Marine Food Restaurant Limited a company under common control.

9

Parent and ultimate parent undertaking

The company's immediate parent is Remblance Holdings Limited, incorporated in England and Wales.

 The ultimate controlling party is Mr J Remblance by virtue of his shares in the parent company.