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REGISTERED NUMBER: 04391611 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

REEDBED LIMITED

REEDBED LIMITED (REGISTERED NUMBER: 04391611)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REEDBED LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr R G Hale
Mrs T K L Hale





SECRETARY: Mrs T K L Hale





REGISTERED OFFICE: Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS





BUSINESS ADDRESS: Larksleaze Farm
Court Farm Road
Willsbridge
Bristol
BS30 9AE





REGISTERED NUMBER: 04391611 (England and Wales)





ACCOUNTANTS: Casson Beckman
Chartered Accountants
Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS

REEDBED LIMITED (REGISTERED NUMBER: 04391611)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 72,127 152,264
Investments 5 411,701 411,701
483,828 563,965

CURRENT ASSETS
Stocks 14,000 14,000
Debtors 6 38,465 15,185
Cash at bank and in hand 546,097 534,771
598,562 563,956
CREDITORS
Amounts falling due within one year 7 117,781 146,241
NET CURRENT ASSETS 480,781 417,715
TOTAL ASSETS LESS CURRENT
LIABILITIES

964,609

981,680

CREDITORS
Amounts falling due after more than one year 8 (25,967 ) (41,031 )

PROVISIONS FOR LIABILITIES (10,037 ) (3,322 )
NET ASSETS 928,605 937,327

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 928,505 937,227
SHAREHOLDERS' FUNDS 928,605 937,327

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

REEDBED LIMITED (REGISTERED NUMBER: 04391611)

BALANCE SHEET - continued
31 MARCH 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 August 2023 and were signed on its behalf by:





Mr R G Hale - Director


REEDBED LIMITED (REGISTERED NUMBER: 04391611)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Reedbed 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Reedbed Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents amounts received for goods and services provided net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - not provided
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

The leasehold property has not been depreciated this is not in line with current FRS102 standards but considered necessary by the director to give a true and fair value of the property.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

REEDBED LIMITED (REGISTERED NUMBER: 04391611)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 16 ) .

4. TANGIBLE FIXED ASSETS
Long Plant and Motor
leasehold machinery vehicles Totals
£    £    £    £   
COST
At 1 April 2022 123,096 143,875 7,000 273,971
Additions 14,483 4,443 44,055 62,981
At 31 March 2023 137,579 148,318 51,055 336,952
DEPRECIATION
At 1 April 2022 - 116,368 5,339 121,707
Charge for year 125,993 5,696 11,429 143,118
At 31 March 2023 125,993 122,064 16,768 264,825
NET BOOK VALUE
At 31 March 2023 11,586 26,254 34,287 72,127
At 31 March 2022 123,096 27,507 1,661 152,264

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2022
and 31 March 2023 411,701
NET BOOK VALUE
At 31 March 2023 411,701
At 31 March 2022 411,701

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by associates 22,699 -
Other debtors 15,766 15,185
38,465 15,185

REEDBED LIMITED (REGISTERED NUMBER: 04391611)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,615 4,167
Trade creditors 7,362 4,660
Amounts owed to associates - 2,030
Taxation and social security 73,459 128,421
Other creditors 27,345 6,963
117,781 146,241

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 25,967 41,031

9. LEASING AGREEMENTS

At the end of the accounting period the company was committed, under non-cancellable operating leases, to future payments of £133,500 (2022 : £183,500)