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COMPANY REGISTRATION NUMBER: 12747860
Reham Management Ltd
Filleted Unaudited Financial Statements
31 July 2024
Reham Management Ltd
Statement of Financial Position
31 July 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
6
3,352,163
2,891,626
Current assets
Debtors
7
5,286
2,369
Cash at bank and in hand
18,241
72,305
--------
--------
23,527
74,674
Creditors: amounts falling due within one year
8
( 2,693,629)
( 3,042,440)
------------
------------
Net current liabilities
( 2,670,102)
( 2,967,766)
------------
------------
Total assets less current liabilities
682,061
( 76,140)
Creditors: amounts falling due after more than one year
9
( 731,870)
---------
--------
Net liabilities
( 49,809)
( 76,140)
---------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 49,909)
( 76,240)
--------
--------
Shareholders deficit
( 49,809)
( 76,140)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Reham Management Ltd
Statement of Financial Position (continued)
31 July 2024
These financial statements were approved by the board of directors and authorised for issue on 18 July 2025 , and are signed on behalf of the board by:
B R Maher
Director
Company registration number: 12747860
Reham Management Ltd
Notes to the Financial Statements
Year ended 31 July 2024
1. General information
Reham Management Limited is a private company limited by shares, incorporated in England and Wales. The Company's registered office is C/O Shipleys Llp, 10 Orange Street, London, WC2H 7DQ, England. The Company's principal place of business is Elsenham Stud, Fullers End, Elsenham, Bishops Stortford, Hertfordshire, CM22 6EA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The director has confirmed that they consider that appropriate sources of funding are in place to enable the company to meet current and future expected liabilities for at least 12 months from the date of approval of the financial statements.
Revenue recognition
Revenue relates to rent receivable and is recognised in the period to which the rent relates.
Income tax
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised in other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
20% straight line
Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. Creditors Short term creditors are measured at the transaction price.
4. Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
5. Investment property
Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.
6. Tangible assets
Investment property
Equipment
Total
£
£
£
Cost
At 1 August 2023
2,887,039
7,401
2,894,440
Additions
448,855
16,453
465,308
------------
--------
------------
At 31 July 2024
3,335,894
23,854
3,359,748
------------
--------
------------
Depreciation
At 1 August 2023
2,814
2,814
Charge for the year
4,771
4,771
------------
--------
------------
At 31 July 2024
7,585
7,585
------------
--------
------------
Carrying amount
At 31 July 2024
3,335,894
16,269
3,352,163
------------
--------
------------
At 31 July 2023
2,887,039
4,587
2,891,626
------------
--------
------------
7. Debtors
2024
2023
£
£
Other debtors
5,286
2,369
-------
-------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
7,521
Other creditors
2,686,108
3,042,440
------------
------------
2,693,629
3,042,440
------------
------------
Included within other creditors is £2,656,808 (2023: £3,039,440) which is owed to a connected party.
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
731,870
---------
----
10. Director's advances, credits and guarantees
At the year end the company owed the director £26,300 (2023 - the director owed the company £100).