REGISTERED NUMBER: 01352499 (England and Wales)

Andrew Reeves Property Services Limited

Abridged Unaudited Financial Statements

for the Year Ended 31 December 2024

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

Mr M J Beardmore

Mr R C Reeves

Mr A F Reeves

SECRETARY:

Mr A F Reeves

REGISTERED OFFICE:

81 Rochester Row

Westminster

London

SW1P 1LJ

REGISTERED NUMBER:

01352499 (England and Wales)

ACCOUNTANTS:

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Andrew Reeves Property Services Limited for the year ended 31 December 2024 which comprise the Abridged Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Andrew Reeves Property Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Andrew Reeves Property Services Limited and state those matters that we have agreed to state to the Board of Directors of Andrew Reeves Property Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Andrew Reeves Property Services Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Andrew Reeves Property Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Andrew Reeves Property Services Limited. You consider that Andrew Reeves Property Services Limited 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 financial statements of Andrew Reeves Property Services Limited. 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 financial statements.

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

26 September 2025

FIXED ASSETS

Property, plant and equipment

4

37,598

55,606

Investments

5

43,759

43,759

81,357

99,365

CURRENT ASSETS

Debtors

6

81,810

89,158

Cash at bank and in hand

29,826

17,480

111,636

106,638

CREDITORS

Amounts falling due within one year

7

131,109

119,594

NET CURRENT LIABILITIES

(19,473

)

(12,956

)

TOTAL ASSETS LESS CURRENT LIABILITIES

61,884

86,409

CREDITORS

Amounts falling due after more than one year

8

(42,052

)

(75,993

)

PROVISIONS FOR LIABILITIES

10

(7,246

)

(10,202

)

NET ASSETS

12,586

214

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

12

12,486

114

SHAREHOLDERS' FUNDS

12,586

214

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

Mr M J Beardmore - Director

1.	STATUTORY INFORMATION

Andrew Reeves Property Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Preparation of consolidated financial statements

The financial statements contain information about Andrew Reeves Property Services Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

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

Turnover is generated from ordinary activities of the business and is recognised at the fair value of consideration received or receivable for the sale of services.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

straight line over the life of the lease

Improvements to property

-

10% on cost

Fixtures and fittings

-

10% on cost

Computer equipment

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments

Financial instruments are classified and accounted for according to the substance of the contractual arrangement as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 12 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Fixtures

Short

to

and

Computer

leasehold

property

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

53,099

99,357

28,274

100,589

281,319

DEPRECIATION

At 1 January 2024

43,159

68,136

18,729

95,689

225,713

Charge for year

5,310

9,936

1,455

1,307

18,008

At 31 December 2024

48,469

78,072

20,184

96,996

243,721

NET BOOK VALUE

At 31 December 2024

4,630

21,285

8,090

3,593

37,598

At 31 December 2023

9,940

31,221

9,545

4,900

55,606

5.	FIXED ASSET INVESTMENTS

Shares in

group

Unlisted

undertakings

investments

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

100

43,659

43,759

NET BOOK VALUE

At 31 December 2024

100

43,659

43,759

At 31 December 2023

100

43,659

43,759

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Andrew Reeves Property Services (Bromley) Ltd

Registered office: United Kingdom

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

2024

2023

£

£

Aggregate capital and reserves

100

100

6.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

61,811

52,349

Other debtors

19,999

33,809

81,810

86,158

Amounts falling due after more than one year:

Other debtors

-

3,000

Aggregate amounts

81,810

89,158

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

31,800

27,980

Trade creditors

16,640

16,475

Taxation and social security

77,937

70,520

Other creditors

4,732

4,619

131,109

119,594

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

42,052

75,993

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

28,667

41,500

Between one and five years

40,923

69,590

69,590

111,090

10.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

7,246

10,202

Deferred

tax

£

Balance at 1 January 2024

10,202

Provided during year

(2,956

)

Balance at 31 December 2024

7,246

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

12.

RESERVES

Retained

earnings

£

At 1 January 2024

114

Profit for the year

73,872

Dividends

(61,500

)

At 31 December 2024

12,486

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

Mr A F Reeves

Balance outstanding at start of year

19,121

-

Amounts advanced

-

19,121

Amounts repaid

(19,121

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

19,121

The director repaid the loan from the company on 20th September 2024.

14.	RELATED PARTY DISCLOSURES

Included in the balance sheet are amounts owed to key management personnel of £60 (2023: £19,121 owed from key management personnel) at balance sheet date. No interest was charged on this balance and no set repayment terms are in place.

During the year, there were also transactions with companies that were controlled by a director. Included in debtors are amounts due from those companies of £57,156 (2023: £51,156) at balance sheet date. No interest was charged on this balance and no set repayment terms are in place.