Reserve 17 Management Limited

Contents

Statement of Financial Position	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

Reserve 17 Management Limited

(Registration number: 14431616)
Statement of Financial Position as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	2,994	3,918
Other financial assets	6	70	70
		3,064	3,988
Current assets
Debtors	7	8,655	7,255
Cash at bank and in hand		23,124	48,585
		31,779	55,840
Creditors: Amounts falling due within one year	8	(9,532)	(77,646)
Net current assets/(liabilities)		22,247	(21,806)
Total assets less current liabilities		25,311	(17,818)
Provisions for liabilities		(739)	(744)
Net assets/(liabilities)		24,572	(18,562)
Capital and reserves
Called up share capital		100	100
Retained earnings		24,472	(18,662)
Shareholders' funds/(deficit)		24,572	(18,562)

For the financial year ending 31 October 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 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 director acknowledges his 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 Income Statement.

Approved and authorised by the director on 20 October 2026
 

Reserve 17 Management Limited

(Registration number: 14431616)
Statement of Financial Position as at 31 October 2025

......................................... Mr S Ingham Director

Reserve 17 Management Limited

Notes to the Unaudited Financial Statements for the year ended 31 October 2025

1	General information

The company is a private company limited by share capital, incorporated in the United Kingdom.

The address of its registered office is:
1 Ebor Street
Littleborough
Lancashire
OL15 9AS

These financial statements were authorised for issue by the director on 20 October 2026.

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.

Going concern

The financial statements have been prepared on a going concern basis, with management having given due consideration to the company’s ability to continue as a going concern for at least the next twelve months.

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 turnover 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.

Reserve 17 Management Limited

Notes to the Unaudited Financial Statements for the year ended 31 October 2025

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.

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 statement of financial position 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:

Depreciation method and rate for tangible assets
Asset class	Depreciation method and rate
Computer Equipment	33% Reducing Balance

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.

Reserve 17 Management Limited

Notes to the Unaudited Financial Statements for the year ended 31 October 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4

Taxation

Tax charged/(credited) in the income statement

	2025 £	2024 £
Current taxation
UK corporation tax	181	(5,771)
Deferred taxation
Arising from origination and reversal of timing differences	(5)	434
Tax expense/(receipt) in the income statement	176	(5,337)

Reserve 17 Management Limited

Notes to the Unaudited Financial Statements for the year ended 31 October 2025

5	Tangible assets

	Office equipment £	Total £
Cost or valuation
At 1 November 2024	5,402	5,402
Additions	550	550
At 31 October 2025	5,952	5,952
Depreciation
At 1 November 2024	1,484	1,484
Charge for the year	1,474	1,474
At 31 October 2025	2,958	2,958
Carrying amount
At 31 October 2025	2,994	2,994
At 31 October 2024	3,918	3,918

6	Other financial assets (current and non-current)

	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
At 1 November 2024	70	70
At 31 October 2025	70	70
Impairment
Carrying amount
At 31 October 2025	70	70

7

Debtors

Reserve 17 Management Limited

Notes to the Unaudited Financial Statements for the year ended 31 October 2025

Current	Note	2025 £	2024 £
Trade debtors		-	144
Amounts owed by related parties		5,000	-
Prepayments		2,257	-
Other debtors		1,398	7,111
		8,655	7,255

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		93	-
Amounts owed to group undertakings and undertakings in which the company has a participating interest		5,000	50,008
Taxation and social security		1	-
Accruals and deferred income		-	1,266
Other creditors		4,438	26,372
		9,532	77,646

9	Provisions for liabilities

	Deferred tax £	Total £
At 1 November 2024	744	744
Increase (decrease) in existing provisions	(5)	(5)
At 31 October 2025	739	739