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REAR LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Rear Limited ("the Company") is a private company, limited by shares, incorporated on 22 August 2018 in England and Wales. The registered office is Frenches Farm, Oxen End, Little Bardfield, England, CM7 4PU.
The principal activity of the company during the period was that of property rental.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
These financial statements have been prepared on the going concern basis. The company incurred a loss of £13,685 during the period and net liabilities of £13,684 as at 31 August 2025 indicating that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern.
As part of its going concern review, the director has followed the guidelines published by the
Financial Reporting Council entitled ''Guidance on the Going Concern Basis of Accounting and
Reporting on Solvency and Liquidity Risks''. The director has a reasonable expectation that the
company will have adequate resources to continue in operational existence for the foreseeable
future. Thus the director continue to adopt the going concern basis of accounting in preparing
the annual financial statements.
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Rental income
Rental income from operating leases is recognised on a straight line basis over the term of the lease.
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Operating leases: the Company as lessee
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Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
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