Company Registration No. 05710966 (England and Wales)
Rexmary Ltd
Unaudited accounts
for the year ended 28 February 2022
Rexmary Ltd
Unaudited accounts
Contents
Rexmary Ltd
Company Information
for the year ended 28 February 2022
Directors
Mr N Hoffman
Mr S Hoffman
Company Number
05710966 (England and Wales)
Registered Office
27 Schonfeld Square
London
N16 0QQ
England
Rexmary Ltd
Statement of financial position
as at 28 February 2022
Investment property
950,000
950,000
Cash at bank and in hand
43,727
18,404
Creditors: amounts falling due within one year
(27,992)
(25,929)
Net current assets
61,519
45,414
Total assets less current liabilities
1,011,782
995,723
Provisions for liabilities
Deferred tax
(164,807)
(164,807)
Net assets
846,975
830,916
Called up share capital
1
1
Profit and loss account
846,974
830,915
Shareholders' funds
846,975
830,916
For the year ending 28 February 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 April 2022 and were signed on its behalf by
Mr N Hoffman
Director
Company Registration No. 05710966
Rexmary Ltd
Notes to the Accounts
for the year ended 28 February 2022
Rexmary Ltd is a private company, limited by shares, registered in England and Wales, registration number 05710966. The registered office is 27 Schonfeld Square, London, N16 0QQ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in sterling.
Judgements and key sources of estimation uncertainty
In the application of the Company's accounting policies, the directors are required to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The Directors do not consider there are any critical judgments or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below.
Investment property is included at market fair value. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15 % - Reducing Balance
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Rexmary Ltd
Notes to the Accounts
for the year ended 28 February 2022
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 March 2021
950,000
At 28 February 2022
950,000
The investment property at 28 February 2022 is stated at director's estimation of open market value. The historical cost of investment property included at valuation is 1,000 (2021: 1,000).
6
Debtors: amounts falling due within one year
2022
2021
Other debtors
41,294
49,554
7
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
3,778
2,646
Loans from directors
23,374
22,563
Rexmary Ltd
Notes to the Accounts
for the year ended 28 February 2022
8
Average number of employees
During the year the average number of employees was 2 (2021: 0).
