REGISTERED NUMBER: 10806690 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2019

FOR

REED ESTATES GROUP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs Z Reed

REGISTERED OFFICE:

Unit 16 Reed Business Park

Carr Hill

Balby

Doncaster

South Yorkshire

DN4 8DE

REGISTERED NUMBER:

10806690 (England and Wales)

ACCOUNTANTS:

Leesing Marrison Lee & Co

Chartered Certified Accountants

46 Main Street

Mexborough

South Yorkshire

S64 9DU

CURRENT ASSETS

Debtors

4

16,068

1,397

Cash at bank

488

698

16,556

2,095

CREDITORS

Amounts falling due within one year

5

38,182

13,972

NET CURRENT LIABILITIES

(21,626

)

(11,877

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(21,626

)

(11,877

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(21,627

)

(11,878

)

(21,626

)

(11,877

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 18 March 2020 and were signed by:

Mrs Z Reed - Director

1.	STATUTORY INFORMATION

Reed Estates Group Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - 1 ).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other debtors

16,068

1,397

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

10,015

13,006

Trade creditors

8,400

-

Taxation and social security

-

199

Other creditors

19,767

767

38,182

13,972

6.	RELATED PARTY DISCLOSURES

Z Reed is interested as director and shareholder in Universal UK MOT Limited, Ravenfield Properties Limited and

Reed Building Limited.

Universal UK MOT Limited

During the year, loan activities existed and at the balance sheet date an amount of £14,574 (2018:£388) is

payable to the company and is included in other debtors.

Ravenfield Properties Limited

During the year the company provided services in the amount of £660 (2018:£1,320) to Ravenfield Properties

Limited.

Reed Building Limited

During the year loan activities existed and at the balance sheet date an amount of £8,404 is payable by the

company and is included in other creditors