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Revive Property Limited |
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Registered number: |
09886827 |
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Abridged Balance Sheet |
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as at 31 March 2025 |
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2025 |
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2024 |
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Notes |
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£ |
£ |
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£ |
£ |
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Fixed assets |
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Tangible assets |
3 |
|
|
1,756,568 |
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|
1,756,568 |
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Current assets |
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Debtors |
6 |
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71,066 |
|
|
85,625 |
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Cash at bank and in hand |
|
|
47,902 |
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|
113,243 |
|
|
|
|
118,968 |
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|
198,868 |
|
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Creditors: amounts falling due within one year |
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(16,024) |
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(26,266) |
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|
|
|
|
|
|
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Net current assets |
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|
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102,944 |
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172,602 |
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Total assets less current liabilities |
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|
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1,859,512 |
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1,929,170 |
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Creditors: amounts falling due after more than one year |
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|
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(1,454,516) |
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(1,554,941) |
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Provisions for liabilities |
5 |
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(140,803) |
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(140,803) |
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|
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Net assets |
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|
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264,193 |
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233,426 |
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Capital and reserves |
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Called up share capital |
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|
|
100 |
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|
100 |
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Fair value reserve |
5 |
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|
422,409 |
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422,409 |
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Profit and loss account |
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|
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(158,316) |
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(189,083) |
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|
|
|
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|
|
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Shareholders' funds |
|
|
|
264,193 |
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233,426 |
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|
|
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The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
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The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
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The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
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The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
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The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006. |
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M Lakhani |
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Director |
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Approved by the board on 17 November 2025 |
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Revive Property Limited |
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Notes to the Abridged Accounts |
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for the year ended 31 March 2025 |
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1 |
Accounting policies |
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Basis of preparation |
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The abridged 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). |
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Turnover |
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Turnover consists of rents receivable. |
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Tangible fixed assets |
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Freehold residential properties are stated at fair value as determined by the Directors based on their knowledge of the market as it prevailed at the balance-sheet date. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. |
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Costs of freehold residential properties includes expenditure incurred following purchase to the extent that it is considered essential to bring the property to be classed as fit for habitation. When such expenditure is incurred on properties which are purchased in a habitable state, these are treated as revenue costs. |
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Depreciation is provided on all tangible fixed assets, other than freehold land and buildings, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Freehold land & buildings |
No depreciation |
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Office equipment |
over 3 years |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. |
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2 |
Employees |
2025 |
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2024 |
| Number |
Number |
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Average number of persons employed by the company |
0 |
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0 |
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3 |
Tangible fixed assets |
Total |
| £ |
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Cost |
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At 1 April 2024 |
1,758,166 |
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At 31 March 2025 |
1,758,166 |
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Depreciation |
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At 1 April 2024 |
1,598 |
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At 31 March 2025 |
1,598 |
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Net book value |
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At 31 March 2025 |
1,756,568 |
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At 31 March 2024 |
1,756,568 |
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Land and buildings are stated at fair value as at the balance-sheet date and as determined by the Directors in October 2021. The fair value of the properties held as at 31 March 2025 are considered to have remained materially unchanged in the intervening period. |
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4 |
Loans |
2025 |
|
2024 |
| £ |
£ |
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Secured mortgage-lender loans |
1,258,575 |
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1,258,575 |
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The Company has given fixed charges over its assets in order to secure lending facilities. |
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The Directors have given personal guarantees in order to secure lending facilities. |
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5 |
Fair value reserve |
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Gains on revaluations |
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Deferred tax provision |
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Gain net of tax provision |
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At 1 April 2024 |
563,212 |
|
140,803 |
|
422,409 |
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Gains/losses this year |
- |
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- |
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- |
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At 31 March 2025 |
563,212 |
|
140,803 |
|
422,409 |
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Deferred tax has been provided in respect of all revaluation amounts at an anticipated corporation tax rate of 25%. There is uncertainty whether any other losses will be available or eligible to reduce the incidence of deferred tax at the time when liability crystalises. Therefore any reduction which may be achieved in this liability at the time of a disposal is to be recognised in that future accounting period when such benefit would be more reliably quantified. |
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6 |
Related party transactions |
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The Directors are partners in Lakhani Consulting. The charge for services provided by Lakhani Consulting to the Company in this year amounted to £7,500 |
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The Directors have made loans to the Company. There are no fixed terms for repayment or for the payment of interest. The balance as at the year end was £8,131. |
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Revive Bowburn Ltd (RB) is a UK registered Company in which the Directors have a controlling interest. The Company has extended loans to RB. There are no fixed terms of repayment. Interest is payable at the rate of 12% pa at the time when RB repays the loans. At the balance sheet date, the loan amount and the accrued interest amounting to £71,067 remains due to the Company. |
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Revive Group Holdings Ltd (RGH) is a UK registered Company in which the Directors have a controlling interest. The Company has recieved loans from RGH. There are no fixed terms of repayment. Interest is payable at the rate of 6% pa. At the balance sheet date, the loan balance and the accrued interest amounting to £197,442 remains payable by the Company. |
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7 |
Other information |
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Revive Property Limited is a private company limited by shares and incorporated in England. Its registered office is: 20 West Heath Road, Farnborough, Hampshire, UK GU14 8QH. |