REGISTERED NUMBER: 04708825 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Rees Homes Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A J Henderson

REGISTERED OFFICE:

38 Camp Road

North Camp

Farnborough

Hampshire

GU14 6EW

REGISTERED NUMBER:

04708825 (England and Wales)

ACCOUNTANTS:

Lane Monnington Welton

Chartered Accountants

Riverside View

Basing Road

Old Basing

Basingstoke

Hampshire

RG24 7AL

FIXED ASSETS

Investments

4

209,399

201,675

Investment property

5

2,300,000

2,300,000

2,509,399

2,501,675

CURRENT ASSETS

Debtors

6

23,523

13,629

Cash at bank

17,119

54,459

40,642

68,088

CREDITORS

Amounts falling due within one year

7

226,254

280,341

NET CURRENT LIABILITIES

(185,612

)

(212,253

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,323,787

2,289,422

CREDITORS

Amounts falling due after more than one year

8

(244,176

)

(270,888

)

PROVISIONS FOR LIABILITIES

10

(108,537

)

(106,606

)

NET ASSETS

1,971,074

1,911,928

CAPITAL AND RESERVES

Called up share capital

11

100

100

Fair value reserve

12

739,429

733,636

Retained earnings

1,231,545

1,178,192

SHAREHOLDERS' FUNDS

1,971,074

1,911,928

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

The financial statements were approved by the director and authorised for issue on 30 October 2025 and were signed by:

A J Henderson - Director

1.	STATUTORY INFORMATION

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

Investment property

Investment property is initially recorded at cost and then held at fair value through the income statement.

Financial instruments

Debtors and creditors payable/receivable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Impairment

Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 April 2024

201,675

Revaluations

7,724

At 31 March 2025

209,399

NET BOOK VALUE

At 31 March 2025

209,399

At 31 March 2024

201,675

Cost or valuation at 31 March 2025 is represented by:

Other

investments

£

Valuation in 2024

34,165

Valuation in 2025

7,724

Cost

167,510

209,399

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

2,300,000

NET BOOK VALUE

At 31 March 2025

2,300,000

At 31 March 2024

2,300,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

10,100

-

Other debtors

13,423

13,629

23,523

13,629

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

30,216

33,720

Trade creditors

1,105

512

Taxation and social security

22,413

20,375

Other creditors

172,520

225,734

226,254

280,341

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

244,176

270,888

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

122,976

136,008

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

274,392

304,608

The bank loans are secured over the investment property.

10.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

108,537

106,606

Deferred

tax

£

Balance at 1 April 2024

106,606

Revalue investments

1,931

Balance at 31 March 2025

108,537

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

100

12.

RESERVES

Fair

value

reserve

£

At 1 April 2024

733,636

Revaluation of assets

5,793

At 31 March 2025

739,429