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Reema Housing Limited

Unaudited Financial Statements for the Year Ended 29 September 2024






Reema Housing Limited (Registered number: 03445567)






Contents of the Financial Statements
for the Year Ended 29 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Reema Housing Limited

Company Information
for the Year Ended 29 September 2024







DIRECTORS: J Ali
Mrs H B Ali





SECRETARY: J Ali





REGISTERED OFFICE: 48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG





REGISTERED NUMBER: 03445567 (England and Wales)





ACCOUNTANTS: Matthews Sutton & Co Ltd
Chartered Certified Accountants
48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG

Reema Housing Limited (Registered number: 03445567)

Balance Sheet
29 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,819 -
Investment property 5 2,194,644 2,194,644
2,222,463 2,194,644

CURRENT ASSETS
Debtors 6 96,636 90,572
Cash at bank and in hand 62,238 86,316
158,874 176,888
CREDITORS
Amounts falling due within one year 7 22,681 20,630
NET CURRENT ASSETS 136,193 156,258
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,358,656

2,350,902

CREDITORS
Amounts falling due after more than one
year

8

(986,521

)

(956,221

)

PROVISIONS FOR LIABILITIES (224,240 ) (224,240 )
NET ASSETS 1,147,895 1,170,441

CAPITAL AND RESERVES
Called up share capital 500 500
Fair value reserve 10 955,972 955,972
Retained earnings 191,423 213,969
1,147,895 1,170,441

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 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.

Reema Housing Limited (Registered number: 03445567)

Balance Sheet - continued
29 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 20 June 2025 and were signed on its behalf by:




Mrs H B Ali - Director



J Ali - Director


Reema Housing Limited (Registered number: 03445567)

Notes to the Financial Statements
for the Year Ended 29 September 2024

1. STATUTORY INFORMATION

Reema Housing 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rents received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 or deferred taxation assets and liabilities are not discounted.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Reema Housing Limited (Registered number: 03445567)

Notes to the Financial Statements - continued
for the Year Ended 29 September 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 37,092
At 29 September 2024 37,092
DEPRECIATION
Charge for year 9,273
At 29 September 2024 9,273
NET BOOK VALUE
At 29 September 2024 27,819

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 30 September 2023
and 29 September 2024 2,194,644
NET BOOK VALUE
At 29 September 2024 2,194,644
At 29 September 2023 2,194,644

The investment properties have been revalued by the directors on an open market basis.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 96,636 90,572

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,020 4,020
Hire purchase contracts 3,897 -
Trade creditors 1,462 -
Taxation and social security 11,892 15,230
Other creditors 1,410 1,380
22,681 20,630

Reema Housing Limited (Registered number: 03445567)

Notes to the Financial Statements - continued
for the Year Ended 29 September 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 955,524 956,221
Hire purchase contracts 30,997 -
986,521 956,221

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 952,867 949,596

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 952,867 949,596

10. RESERVES
Fair
value
reserve
£   
At 30 September 2023
and 29 September 2024 955,972

11. ULTIMATE CONTROLLING PARTY

By virtue of the share ownership split of the company, it is the opinion of the directors that there is no ultimate controlling party.