Reculver Solicitors Limited 31/05/2025 iXBRL

Company registration number: 06910066

Reculver Solicitors Limited

Unaudited filleted financial statements

31 May 2025

Reculver Solicitors Limited

Contents

Directors and other information

Statement of financial position

Notes to the financial statements

Reculver Solicitors Limited

Directors and other information


	Director	Mr J R Carmody


	Secretary	Mr J R Carmody


	Company number	06910066


	Registered office	27 Old Gloucester Street
		London
		WC1N 3AX

Reculver Solicitors Limited

Statement of financial position

31 May 2025

		2025		2024
	Note	£	£	£	£

Intangible assets	5	-		-
Current assets
Debtors	6	23,435		19,312
Cash at bank and in hand		14,527		13,535
		_______		_______
		37,962		32,847
Creditors: amounts falling due
within one year	7	( 20,679)		( 30,103)
		_______		_______
Net current assets			17,283		2,744
			_______		_______
Total assets less current liabilities			17,283		2,744

			_______		_______
Net assets			17,283		2,744
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			17,183		2,644
			_______		_______
Shareholder funds			17,283		2,744
			_______		_______

For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has 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.

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.

These financial statements were approved by the board of directors and authorised for issue on 29 December 2025 , and are signed on behalf of the board by:

Mr J R Carmody

Director

Company registration number: 06910066

Reculver Solicitors Limited

Notes to the financial statements

Year ended 31 May 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 27 Old Gloucester Street, London, WC1N 3AX.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. 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.

No provision for deferred taxation has been provided for in the financial statements, due to the amount not being material.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Goodwill	-	straight line over 10 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Intangible assets

	Goodwill	Total
	£	£
Cost
At 1 June 2024 and 31 May 2025	30,000	30,000
	_______	_______
Amortisation
At 1 June 2024 and 31 May 2025	30,000	30,000
	_______	_______
Carrying amount
At 31 May 2025	-	-
	_______	_______
At 31 May 2024	-	-
	_______	_______

6. Debtors

	2025	2024
	£	£
Trade debtors	18,028	10,632
Other debtors	5,407	8,680
	_______	_______
	23,435	19,312
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	-	584
Corporation tax	11,010	20,095
Social security and other taxes	7,369	7,124
Other creditors	2,300	2,300
	_______	_______
	20,679	30,103
	_______	_______