Company registration number 01010991 (England and Wales)
REYNOLDS & GREENE INVESTMENT HOLDINGS
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 JUNE 2023
PAGES FOR FILING WITH REGISTRAR
7 Kings Court
Newcomen Way
Colchester
Essex
CO4 9RA
REYNOLDS & GREENE INVESTMENT HOLDINGS
CONTENTS
Page
Company information
1
Balance sheet
2
Notes to the financial statements
3 - 4
REYNOLDS & GREENE INVESTMENT HOLDINGS
COMPANY INFORMATION
- 1 -
Directors
Mr R L Gilbart
Mrs. C S Rhys-Lewis
Secretary
Mr R L Gilbart
Company number
01010991
Registered office
3 North Hill
Colchester
Essex
CO1 1DZ
Accountants
TC Group
7 Kings Court
Newcomen Way
Colchester
Essex
CO4 9RA
REYNOLDS & GREENE INVESTMENT HOLDINGS
BALANCE SHEET
AS AT
30 JUNE 2023
30 June 2023
- 2 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
3
1,681
560
Investments
4
479,554
478,488
Cash at bank and in hand
6,187
9,065
487,422
488,113
Creditors: amounts falling due within one year
5
(3,772)
(5,638)
Net current assets
483,650
482,475
Capital and reserves
Called up share capital
1,390
1,390
Profit and loss reserves
482,260
481,085
Total equity
483,650
482,475

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 12 November 2023 and are signed on its behalf by:
Mr R L Gilbart
Director
Company Registration No. 01010991
REYNOLDS & GREENE INVESTMENT HOLDINGS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
- 3 -
1
Accounting policies
Company information

Reynolds & Greene Investment Holdings is a private company limited by shares incorporated in England and Wales. The registered office is 3 North Hill, Colchester, Essex, CO1 1DZ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention, modified to certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.3
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

REYNOLDS & GREENE INVESTMENT HOLDINGS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
-
0
-
0
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
379
-
0
Deferred tax asset
1,302
560
1,681
560
4
Current asset investments
2023
2022
£
£
Other investments
479,554
478,488
5
Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
2,241
3,647
Other creditors
1,531
1,991
3,772
5,638
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