2024-03-01 2025-02-28 2025-02-28 false 07522271 REEF AGENCY LIMITED 2025-11-13 68209 false iso4217:GBP xbrli:pure 07522271 2024-02-29 07522271 2025-02-28 07522271 2024-03-01 2025-02-28 07522271 2023-02-28 07522271 2024-02-29 07522271 2023-03-01 2024-02-29 07522271 bus:SmallEntities 2024-03-01 2025-02-28 07522271 bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 07522271 bus:FullAccounts 2024-03-01 2025-02-28 07522271 bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 07522271 core:WithinOneYear 2025-02-28 07522271 core:AfterOneYear 2025-02-28 07522271 core:WithinOneYear 2024-02-29 07522271 core:AfterOneYear 2024-02-29 07522271 core:ShareCapital 2025-02-28 07522271 core:SharePremium 2025-02-28 07522271 core:RevaluationReserve 2025-02-28 07522271 core:OtherReservesSubtotal 2025-02-28 07522271 core:RetainedEarningsAccumulatedLosses 2025-02-28 07522271 core:ShareCapital 2024-02-29 07522271 core:SharePremium 2024-02-29 07522271 core:RevaluationReserve 2024-02-29 07522271 core:OtherReservesSubtotal 2024-02-29 07522271 core:RetainedEarningsAccumulatedLosses 2024-02-29 07522271 core:LandBuildings 2025-02-28 07522271 core:PlantMachinery 2025-02-28 07522271 core:Vehicles 2025-02-28 07522271 core:FurnitureFittings 2025-02-28 07522271 core:OfficeEquipment 2025-02-28 07522271 core:NetGoodwill 2025-02-28 07522271 core:IntangibleAssetsOtherThanGoodwill 2025-02-28 07522271 core:ListedExchangeTraded 2025-02-28 07522271 core:UnlistedNon-exchangeTraded 2025-02-28 07522271 core:LandBuildings 2024-02-29 07522271 core:PlantMachinery 2024-02-29 07522271 core:Vehicles 2024-02-29 07522271 core:FurnitureFittings 2024-02-29 07522271 core:OfficeEquipment 2024-02-29 07522271 core:NetGoodwill 2024-02-29 07522271 core:IntangibleAssetsOtherThanGoodwill 2024-02-29 07522271 core:ListedExchangeTraded 2024-02-29 07522271 core:UnlistedNon-exchangeTraded 2024-02-29 07522271 core:LandBuildings 2024-03-01 2025-02-28 07522271 core:PlantMachinery 2024-03-01 2025-02-28 07522271 core:Vehicles 2024-03-01 2025-02-28 07522271 core:FurnitureFittings 2024-03-01 2025-02-28 07522271 core:OfficeEquipment 2024-03-01 2025-02-28 07522271 core:NetGoodwill 2024-03-01 2025-02-28 07522271 core:IntangibleAssetsOtherThanGoodwill 2024-03-01 2025-02-28 07522271 core:ListedExchangeTraded 2024-03-01 2025-02-28 07522271 core:UnlistedNon-exchangeTraded 2024-03-01 2025-02-28 07522271 core:MoreThanFiveYears 2024-03-01 2025-02-28 07522271 core:Non-currentFinancialInstruments 2025-02-28 07522271 core:Non-currentFinancialInstruments 2024-02-29 07522271 dpl:CostSales 2024-03-01 2025-02-28 07522271 dpl:DistributionCosts 2024-03-01 2025-02-28 07522271 core:LandBuildings 2024-03-01 2025-02-28 07522271 core:PlantMachinery 2024-03-01 2025-02-28 07522271 core:Vehicles 2024-03-01 2025-02-28 07522271 core:FurnitureFittings 2024-03-01 2025-02-28 07522271 core:OfficeEquipment 2024-03-01 2025-02-28 07522271 dpl:AdministrativeExpenses 2024-03-01 2025-02-28 07522271 core:NetGoodwill 2024-03-01 2025-02-28 07522271 core:IntangibleAssetsOtherThanGoodwill 2024-03-01 2025-02-28 07522271 dpl:GroupUndertakings 2024-03-01 2025-02-28 07522271 dpl:ParticipatingInterests 2024-03-01 2025-02-28 07522271 dpl:GroupUndertakings core:ListedExchangeTraded 2024-03-01 2025-02-28 07522271 core:ListedExchangeTraded 2024-03-01 2025-02-28 07522271 dpl:GroupUndertakings core:UnlistedNon-exchangeTraded 2024-03-01 2025-02-28 07522271 core:UnlistedNon-exchangeTraded 2024-03-01 2025-02-28 07522271 dpl:CostSales 2023-03-01 2024-02-29 07522271 dpl:DistributionCosts 2023-03-01 2024-02-29 07522271 core:LandBuildings 2023-03-01 2024-02-29 07522271 core:PlantMachinery 2023-03-01 2024-02-29 07522271 core:Vehicles 2023-03-01 2024-02-29 07522271 core:FurnitureFittings 2023-03-01 2024-02-29 07522271 core:OfficeEquipment 2023-03-01 2024-02-29 07522271 dpl:AdministrativeExpenses 2023-03-01 2024-02-29 07522271 core:NetGoodwill 2023-03-01 2024-02-29 07522271 core:IntangibleAssetsOtherThanGoodwill 2023-03-01 2024-02-29 07522271 dpl:GroupUndertakings 2023-03-01 2024-02-29 07522271 dpl:ParticipatingInterests 2023-03-01 2024-02-29 07522271 dpl:GroupUndertakings core:ListedExchangeTraded 2023-03-01 2024-02-29 07522271 core:ListedExchangeTraded 2023-03-01 2024-02-29 07522271 dpl:GroupUndertakings core:UnlistedNon-exchangeTraded 2023-03-01 2024-02-29 07522271 core:UnlistedNon-exchangeTraded 2023-03-01 2024-02-29 07522271 core:NetGoodwill 2025-02-28 07522271 core:IntangibleAssetsOtherThanGoodwill 2025-02-28 07522271 core:LandBuildings 2025-02-28 07522271 core:PlantMachinery 2025-02-28 07522271 core:Vehicles 2025-02-28 07522271 core:FurnitureFittings 2025-02-28 07522271 core:OfficeEquipment 2025-02-28 07522271 core:AfterOneYear 2025-02-28 07522271 core:WithinOneYear 2025-02-28 07522271 core:ListedExchangeTraded 2025-02-28 07522271 core:UnlistedNon-exchangeTraded 2025-02-28 07522271 core:ShareCapital 2025-02-28 07522271 core:SharePremium 2025-02-28 07522271 core:RevaluationReserve 2025-02-28 07522271 core:OtherReservesSubtotal 2025-02-28 07522271 core:RetainedEarningsAccumulatedLosses 2025-02-28 07522271 core:NetGoodwill 2024-02-29 07522271 core:IntangibleAssetsOtherThanGoodwill 2024-02-29 07522271 core:LandBuildings 2024-02-29 07522271 core:PlantMachinery 2024-02-29 07522271 core:Vehicles 2024-02-29 07522271 core:FurnitureFittings 2024-02-29 07522271 core:OfficeEquipment 2024-02-29 07522271 core:AfterOneYear 2024-02-29 07522271 core:WithinOneYear 2024-02-29 07522271 core:ListedExchangeTraded 2024-02-29 07522271 core:UnlistedNon-exchangeTraded 2024-02-29 07522271 core:ShareCapital 2024-02-29 07522271 core:SharePremium 2024-02-29 07522271 core:RevaluationReserve 2024-02-29 07522271 core:OtherReservesSubtotal 2024-02-29 07522271 core:RetainedEarningsAccumulatedLosses 2024-02-29 07522271 core:NetGoodwill 2023-02-28 07522271 core:IntangibleAssetsOtherThanGoodwill 2023-02-28 07522271 core:LandBuildings 2023-02-28 07522271 core:PlantMachinery 2023-02-28 07522271 core:Vehicles 2023-02-28 07522271 core:FurnitureFittings 2023-02-28 07522271 core:OfficeEquipment 2023-02-28 07522271 core:AfterOneYear 2023-02-28 07522271 core:WithinOneYear 2023-02-28 07522271 core:ListedExchangeTraded 2023-02-28 07522271 core:UnlistedNon-exchangeTraded 2023-02-28 07522271 core:ShareCapital 2023-02-28 07522271 core:SharePremium 2023-02-28 07522271 core:RevaluationReserve 2023-02-28 07522271 core:OtherReservesSubtotal 2023-02-28 07522271 core:RetainedEarningsAccumulatedLosses 2023-02-28 07522271 core:AfterOneYear 2024-03-01 2025-02-28 07522271 core:WithinOneYear 2024-03-01 2025-02-28 07522271 core:Non-currentFinancialInstruments core:CostValuation 2024-03-01 2025-02-28 07522271 core:Non-currentFinancialInstruments core:AdditionsToInvestments 2024-03-01 2025-02-28 07522271 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2024-03-01 2025-02-28 07522271 core:Non-currentFinancialInstruments core:DisposalsDecreaseInInvestments 2024-03-01 2025-02-28 07522271 core:Non-currentFinancialInstruments core:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments 2024-03-01 2025-02-28 07522271 core:Non-currentFinancialInstruments core:ImpairmentLossReversalProvisionsForImpairmentInvestments 2024-03-01 2025-02-28 07522271 core:Non-currentFinancialInstruments core:AcquisitionsIncreaseInProvisionsForImpairmentInvestments 2024-03-01 2025-02-28 07522271 core:Non-currentFinancialInstruments core:DisposalsDecreaseInProvisionsForImpairmentInvestments 2024-03-01 2025-02-28 07522271 core:Non-currentFinancialInstruments core:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments 2024-03-01 2025-02-28 07522271 core:Non-currentFinancialInstruments core:CostValuation 2025-02-28 07522271 core:Non-currentFinancialInstruments core:AdditionsToInvestments 2025-02-28 07522271 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2025-02-28 07522271 core:Non-currentFinancialInstruments core:DisposalsDecreaseInInvestments 2025-02-28 07522271 core:Non-currentFinancialInstruments core:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments 2025-02-28 07522271 core:Non-currentFinancialInstruments core:ImpairmentLossReversalProvisionsForImpairmentInvestments 2025-02-28 07522271 core:Non-currentFinancialInstruments core:AcquisitionsIncreaseInProvisionsForImpairmentInvestments 2025-02-28 07522271 core:Non-currentFinancialInstruments core:DisposalsDecreaseInProvisionsForImpairmentInvestments 2025-02-28 07522271 core:Non-currentFinancialInstruments core:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments 2025-02-28 07522271 core:Non-currentFinancialInstruments core:CostValuation 2024-02-29 07522271 core:Non-currentFinancialInstruments core:AdditionsToInvestments 2024-02-29 07522271 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2024-02-29 07522271 core:Non-currentFinancialInstruments core:DisposalsDecreaseInInvestments 2024-02-29 07522271 core:Non-currentFinancialInstruments core:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments 2024-02-29 07522271 core:Non-currentFinancialInstruments core:ImpairmentLossReversalProvisionsForImpairmentInvestments 2024-02-29 07522271 core:Non-currentFinancialInstruments core:AcquisitionsIncreaseInProvisionsForImpairmentInvestments 2024-02-29 07522271 core:Non-currentFinancialInstruments core:DisposalsDecreaseInProvisionsForImpairmentInvestments 2024-02-29 07522271 core:Non-currentFinancialInstruments core:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments 2024-02-29 07522271 bus:Director1 2024-03-01 2025-02-28 07522271 bus:Director2 2024-03-01 2025-02-28 07522271 core:FurnitureFittingsToolsEquipment 2024-02-29 07522271 core:FurnitureFittingsToolsEquipment 2025-02-28 07522271 core:FurnitureFittingsToolsEquipment 2024-03-01 2025-02-28

REEF AGENCY LIMITED

Registered Number
07522271
(England and Wales)

Unaudited Financial Statements for the Year ended
28 February 2025

REEF AGENCY LIMITED
Company Information
for the year from 1 March 2024 to 28 February 2025

Directors | THOMAS, Doug
| THOMAS, Lisa

Company Secretary | THOMAS, Lisa

Registered Address | 1 Gemini Court
| 42a Throwley Way,
| Sutton
| SM1 4AF

Registered Number | 07522271 (England and Wales)

REEF AGENCY LIMITED
Statement of Financial Position
28 February 2025

| Notes | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |
Tangible assets | 3 |  |  | 33 |  |  |  | 44
Investment property | 4 |  |  | 851,530 |  |  |  | 843,000
|  |  |  | 851,563 |  |  |  | 843,044
Current assets |  |  |  |  |  |  |  |
Debtors | 5 | 1,654 |  |  |  | 1,550 |  |
Cash at bank and on hand |  | 38,893 |  |  |  | 49,666 |  |
|  | 40,547 |  |  |  | 51,216 |  |
Creditors amounts falling due within one year | 6 | (5,729) |  |  |  | (5,017) |  |
Net current assets (liabilities) |  |  |  | 34,818 |  |  |  | 46,199
Total assets less current liabilities |  |  |  | 886,381 |  |  |  | 889,243
Creditors amounts falling due after one year | 7 |  |  | (336,422) |  |  |  | (356,561)
Provisions for liabilities | 8 |  |  | (74,307) |  |  |  | (74,309)
Net assets |  |  |  | 475,652 |  |  |  | 458,373
Capital and reserves |  |  |  |  |  |  |  |
Called up share capital |  |  |  | 100 |  |  |  | 100
Revaluation reserve |  |  |  | 316,767 |  |  |  | 316,767
Profit and loss account |  |  |  | 158,785 |  |  |  | 141,506
Shareholders' funds |  |  |  | 475,652 |  |  |  | 458,373

- The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
- The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 13 November 2025, and are signed on its behalf by:
THOMAS, Doug Director Registered Company No. 07522271

REEF AGENCY LIMITED
Notes to the Financial Statements
for the year ended 28 February 2025

1. | Accounting policies
--- | ---

| Statutory information
--- | ---
| The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| Statement of compliance
--- | ---
| The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

| Basis of preparation
--- | ---
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

| Functional and presentation currency
--- | ---
| The financial statements are presented in sterling and this is the functional currency of the company.

| Turnover policy
--- | ---
| Turnover represents the value of rental income due under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

| Current taxation
--- | ---
| Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

| Deferred tax
--- | ---
| Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

| Tangible fixed assets and depreciation
--- | ---
| Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

|  | Reducing balance (%)
| Fixtures and fittings | 25

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

2. | Average number of employees
--- | ---

|  | 2025 |  | 2024
| Average number of employees during the year | 2 |  | 2

3. | Tangible fixed assets
--- | ---

|  | Fixtures & fittings |  | Total
--- | --- | --- | --- | ---
|  | £ |  | £
| Cost or valuation
| At 01 March 24 | 989 |  | 989
| At 28 February 25 | 989 |  | 989
| Depreciation and impairment
| At 01 March 24 | 945 |  | 945
| Charge for year | 11 |  | 11
| At 28 February 25 | 956 |  | 956
| Net book value
| At 28 February 25 | 33 |  | 33
| At 29 February 24 | 44 |  | 44

4. | Investment property
--- | ---
| The fixed asset investment properties are included at open market value and these are deemed by the directors at 28 February 2025 to be represented by the value as disclosed.

|  | £
| Fair value at 01 March 24 | 843,000
| Additions | 8,530
| At 28 February 25 | 851,530

5. | Debtors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Prepayments and accrued income | 1,654 |  | 1,550
| Total | 1,654 |  | 1,550

6. | Creditors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Taxation and social security | 4,055 |  | 4,015
| Accrued liabilities and deferred income | 1,674 |  | 1,002
| Total | 5,729 |  | 5,017

7. | Creditors: amounts due after one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Other creditors | 336,422 |  | 356,561
| Total | 336,422 |  | 356,561

8. | Provisions for liabilities
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Net deferred tax liability (asset) | 74,307 |  | 74,309
| Total | 74,307 |  | 74,309