Registration number: 10888266

Reveles Professional Development Ltd

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 6
Detailed Profit and Loss Account	7 to 8

Reveles Professional Development Ltd

(Registration number: 10888266)
Balance Sheet as at 31 July 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	870	1,160
Other financial assets	5	24,386	10,000
		25,256	11,160
Current assets
Debtors	6	439	2,615
Cash at bank and in hand		56,359	91,637
		56,798	94,252
Creditors: Amounts falling due within one year	7	(3,212)	(4,994)
Net current assets		53,586	89,258
Total assets less current liabilities		78,842	100,418
Provisions for liabilities		(1,043)	(220)
Net assets		77,799	100,198
Capital and reserves
Called up share capital		101	101
Other reserves		3,745	-
Retained earnings		73,953	100,097
Shareholders' funds		77,799	100,198

For the financial year ending 31 July 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 September 2026 and signed on its behalf by:
 

......................................... E K Wilson Director

Reveles Professional Development Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2026

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
7a King Street
Frome
Somerset
BA11 1BH

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Reveles Professional Development Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2026

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	25% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Reveles Professional Development Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2026

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2025 - 0).

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 August 2025	7,802	7,802
Disposals	(2,151)	(2,151)
At 31 July 2026	5,651	5,651
Depreciation
At 1 August 2025	6,642	6,642
Charge for the year	290	290
Eliminated on disposal	(2,151)	(2,151)
At 31 July 2026	4,781	4,781
Net book value
At 31 July 2026	870	870
At 31 July 2025	1,160	1,160

Reveles Professional Development Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2026

5	Other financial assets (current and non-current)

	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
At 1 August 2025	10,000	10,000
Revaluations	4,623	4,623
Additions	11,846	11,846
Disposals	(2,083)	(2,083)
At 31 July 2026	24,386	24,386
Impairment
Carrying amount
At 31 July 2026	24,386	24,386

6

Debtors

	2026 £	2025 £
Trade debtors	99	2,615
Other debtors	340	-
	439	2,615

Reveles Professional Development Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2026

7

Creditors

Amounts falling due within one year

	2026 £	2025 £
Due within one year
Trade creditors	-	1,375
Taxation and social security	1,168	1,210
Accruals and deferred income	2,015	-
Other creditors	-	2,286
Loan from directors	29	123
	3,212	4,994

8	Related party transactions

Summary of transactions with other related parties

During the year the company traded on commercial terms with a company in which one of the directors is also a joint director. The director resigned from that company on 23 December 2025. In the year under review there were sales charged from the company to date of resignation totalling £2,867 (2025 - £10,550) with £nil outstanding (2025 - £755) at the Balance Sheet date.

Reveles Professional Development Ltd

Detailed Profit and Loss Account for the Year Ended 31 July 2026

2026 £

2025 £

Turnover
Fees earned	37,959	12,410

Cost of sales
Subcontract cost	10,802	2,020

Employment costs
Directors pensions	15,000	-
Travelling	238	333
	15,238	333

Establishment costs
Insurance	596	173
Use of home as office	312	312
Equipment repairs and renewals	164	-
	1,072	485

General administrative expenses
Telephone and mobile	675	530
Computer software and maintenance costs	1,669	1,034
Printing, postage and stationery	90	71
Charitable donations	1,371	-
Sundry expenses	-	242
Motor expenses	5	660
Advertising	-	1,144
Accountancy fees	2,189	2,180
	5,999	5,861

Finance charges
Bank charges	120	98

Depreciation costs
Depreciation	290	598

Other expenses
(Profit)/loss on disposal of tangible fixed assets	-	361
(Gain)/loss on disposal of fixed asset Investments - held for sale	(5)	-
	(5)	361

Gain/(loss) on financial assets at fair value through profit and loss
Investment properties fair value adjustments	4,623	-

Reveles Professional Development Ltd

Detailed Profit and Loss Account for the Year Ended 31 July 2026

2026 £

2025 £

Other interest receivable and similar income
Bank interest receivable	1,412	3,999
Dividend income	112	-
Other interest receivable	3	7
	1,527	4,006

Interest payable and similar expenses
Other interest payable	1	-