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REGISTERED NUMBER:
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REE STORE LIMITED |
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2018 |
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REGISTERED NUMBER:
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REE STORE LIMITED |
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2018 |
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REE STORE LIMITED (REGISTERED NUMBER: 04616242) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST DECEMBER 2018 |
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Company Information | 1 |
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Chartered Accountants' Report | 2 | to | 3 |
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Abridged Statement of Financial Position | 4 | to | 5 |
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Notes to the Financial Statements | 6 | to | 9 |
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REE STORE LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST DECEMBER 2018 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Richmond House |
Walkern Road |
Stevenage |
Hertfordshire |
SG1 3QP |
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
REE STORE LIMITED |
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The following reproduces the text of the report prepared for the director in respect of the company's |
annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only |
required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and |
certain other primary statements and the Report of the Director are not required to be filed with the |
Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your |
approval the financial statements of Ree Store Limited for the year ended 31st December 2018 which |
comprise the Income Statement, Abridged Statement of Financial Position, Statement of Changes in Equity |
and the related notes from the company's accounting records and from information and explanations you |
have given us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
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This report is made solely to the director of Ree Store Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ree Store Limited and state those matters that we have agreed to state to the director of Ree Store Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ree Store Limited and its director for our work or for this report. |
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It is your duty to ensure that Ree Store Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Ree Store Limited. You consider that Ree Store Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Ree Store Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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Richmond House |
Walkern Road |
Stevenage |
Hertfordshire |
SG1 3QP |
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CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
REE STORE LIMITED |
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REE STORE LIMITED (REGISTERED NUMBER: 04616242) |
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ABRIDGED STATEMENT OF FINANCIAL POSITION |
31ST DECEMBER 2018 |
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2018 | 2017 |
Notes | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 5 |
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CURRENT ASSETS |
Inventories |
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Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | ( |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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( |
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CREDITORS |
Amounts falling due after more than
one year |
6 |
( |
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( |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Share premium |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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REE STORE LIMITED (REGISTERED NUMBER: 04616242) |
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ABRIDGED STATEMENT OF FINANCIAL POSITION - continued |
31ST DECEMBER 2018 |
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The director acknowledges his responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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REE STORE LIMITED (REGISTERED NUMBER: 04616242) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST DECEMBER 2018 |
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1. | STATUTORY INFORMATION |
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Ree Store Limited is a
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company's registered number and registered office address can be found on the Company |
Information page. |
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The financial statements are prepared on a going concern basis and under the historical cost |
convention. |
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Significant judgements and estimates |
No significant judgements or estimates have had to be made by the directors in preparing these |
financial statements. |
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Revenue |
Revenue represents the total invoice value, excluding value added tax, trade discounts and all other |
taxes of sales made during the year. |
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Revenue Recognition |
Revenue is recognised when goods have been delivered and services supplied to the customers such |
that risks and rewards of ownership have transferred to them. |
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Property, plant and equipment |
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Plant and machinery etc | - |
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Inventories |
Inventories are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
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Financial instruments |
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. |
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REE STORE LIMITED (REGISTERED NUMBER: 04616242) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST DECEMBER 2018 |
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3. | ACCOUNTING POLICIES - continued |
Tax |
Tax 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. |
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Current or deferred tax assets and liabilities are not discounted. |
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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 statement of financial position date. |
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Deferred tax |
Deferred tax is recognised in respect of all material timing differences that have originated but not |
reversed at the statement of financial position date. |
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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. |
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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. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the income statement on a straight line basis |
over the period of the lease. |
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Property, plant and equipment acquired under finance leases or hire purchase contracts are |
capitalised and depreciated in the same manner as other tangible fixed assets. The related |
obligations, net of future finance charges, are included in creditors. |
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Going concern |
The director has undertaken to continue his financial support of the company for the foreseeable |
future. On this basis the director believes it is appropriate to prepare these accounts on a going |
concern basis. |
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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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REE STORE LIMITED (REGISTERED NUMBER: 04616242) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST DECEMBER 2018 |
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5. | PROPERTY, PLANT AND EQUIPMENT |
Totals |
£ |
Cost |
At 1st January 2018 |
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Additions |
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At 31st December 2018 |
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Depreciation |
At 1st January 2018 |
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Charge for year |
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At 31st December 2018 |
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Net book value |
At 31st December 2018 |
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At 31st December 2017 |
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6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |
2018 | 2017 |
£ | £ |
Repayable otherwise than by instalments |
Other loans more 5yrs non-inst |
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7. | LEASING AGREEMENTS |
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Minimum lease payments under hire purchase fall due as follows: |
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2018 | 2017 |
£ | £ |
Net obligations repayable: |
Within one year |
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Between one and five years |
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REE STORE LIMITED (REGISTERED NUMBER: 04616242) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST DECEMBER 2018 |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2018 | 2017 |
value: | £ | £ |
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Ordinary | £1 | 100 | 100 |