REEVE AND COMPANY LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Smithfield Accountants LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Significant events

• “During the period, the parent company redeemed the entire share capital of one of its owners, leaving the parent company Hampshire Meats Ltd as having all shares owned by director E K Graves.”
• “At the date of this report 25% of the share capital of the parent company had been acquired by Mrs S Graves, wife of director E K Graves.”
• “At the date of this report, the company had fully repaid and discontinued its invoice discounting facility. This is expected to increase profitabiity and reduce dependance on lenders going forward.”
• “At the date of this report the tenants of the market and the City of London had agreed a new deal, which is awaiting parliamentary approval and royal assent. The first part of the compensation of this deal has already been received and the remainder is to be received in tranches after royal assent. The director believes this will happen with little or no changes to the bill. The company is prepared to continue to trade out of the existing site and set up to trade from the new site, when it is ready. The director expects the company to continue to trade profitably regardless of the timings and details of the change.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +1.4%

  £27,441,000 → £27,821,000

• Cash

  -20.3%

  £1,692,000 → £1,348,000

• Net assets

  +3.7%

  £6,829,000 → £7,080,000

• Employees

  0%

  21 → 21

• Operating profit

  -4,576.2%

  £42,000 → -£1,880,000

• Profit before tax

  +298.9%

  £87,000 → £347,000

• Wages

  -1.9%

  £834,000 → £818,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers