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REGISTERED NUMBER: 06282312 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH DECEMBER 2022

FOR

REELSTONE PROPERTY HOLDINGS LIMITED

REELSTONE PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 06282312)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH DECEMBER 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 7

REELSTONE PROPERTY HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH DECEMBER 2022







DIRECTOR: L C Freilich





SECRETARY: B Grossman





REGISTERED OFFICE: 5 Sentinel Square
Hendon
London
NW4 2EL





REGISTERED NUMBER: 06282312 (England and Wales)





ACCOUNTANTS: The Paris Partnership LLP
Chartered Accountants
Russell House
140 High Street
Edgware
Middlesex
HA8 7LW

REELSTONE PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 06282312)

BALANCE SHEET
30TH DECEMBER 2022

2022 2021
Notes £    £   
FIXED ASSETS
Investments 4 1,326,111 1,326,111
Investment property 5 9,999 9,999
1,336,110 1,336,110

CURRENT ASSETS
Debtors 6 254,501 419,412
Cash at bank 688 2,701
255,189 422,113
CREDITORS
Amounts falling due within one year 7 (1,536,161 ) (1,706,786 )
NET CURRENT LIABILITIES (1,280,972 ) (1,284,673 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,138

51,437

CAPITAL AND RESERVES
Called up share capital 8 50,100 50,100
Fair value reserve 9 2,403 2,403
Retained earnings 9 2,635 (1,066 )
SHAREHOLDERS' FUNDS 55,138 51,437

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th December 2022 in accordance with Section 476 of the Companies Act 2006.

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
(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 and authorised for issue on 17th November 2023 and were signed by:





L C Freilich - Director


REELSTONE PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 06282312)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH DECEMBER 2022


1. STATUTORY INFORMATION

Reelstone Property Holdings 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents invoiced ground rents and other income on investment properties.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Cash and cash equivalent
Cash and cash equivalent include cash in hand, deposits held at call with banks, other short term liquid invesetments with original maturities of three months or less.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no state interest rate and receivable or payable within one year are recoded at transactions price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 31st December 2021
and 30th December 2022 1,326,111
NET BOOK VALUE
At 30th December 2022 1,326,111
At 30th December 2021 1,326,111

REELSTONE PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 06282312)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH DECEMBER 2022


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 31st December 2021
and 30th December 2022 9,999
NET BOOK VALUE
At 30th December 2022 9,999
At 30th December 2021 9,999

Fair value at 30th December 2022 is represented by:
£   
Valuation in 2020 9,999

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Payments in Advance 103,931 37,652
Amounts owed by group undertakings - 32,933
Other debtors- 195 195
Residential Freeholds - 12,500
Chancery Lane Investments 150,000 192,057
Ground Rent Investments UK - 144,000
MEM - Client Account 300 -
Prepayments and accrued income 75 75
254,501 419,412

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed to group undertakings 873,533 1,125,023
Tax 11,805 22,158
MP Group Service Ltd 649,383 558,165
Accruals and deferred income 1,440 1,440
1,536,161 1,706,786

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
50,100 Ordinary £1 50,100 50,100

REELSTONE PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 06282312)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH DECEMBER 2022


9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 31st December 2021 (1,066 ) 2,403 1,337
Profit for the year 143,701 143,701
Dividends (140,000 ) (140,000 )
At 30th December 2022 2,635 2,403 5,038

10. CONTINGENT LIABILITIES

The company joined a "VAT Group" during the year and as such is jointly and severally liable for the VAT liabilities of the whole group.

11. RELATED PARTY DISCLOSURES

Chancery Lane Investments Limited

A wholly owned subsidiary of the company


Other income relates to a dividend received of £150,000 (2021: £Nil) from Chancery Lane Investments Limited.

2022 2021
£    £   
Amount due from related party at the balance sheet date 150,000 192,056

Ground Rent Investments UK Ltd

A company under common control


This is repayable on demand.

Other income relates to a dividend received of £ Nil (2021: £Nil) from Ground Rent Investment UK Ltd

2022 2021
£    £   
Amount due from related party at the balance sheet date - 144,000

Ground Rent Trading Limited

A company under common control


This is repayable on demand.

2022 2021
£    £   
Amount due from related party at the balance sheet date - 32,933

REELSTONE PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 06282312)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH DECEMBER 2022


11. RELATED PARTY DISCLOSURES - continued

MP Group Services Ltd

A company under common control.-


This is repayable on demand.

2022 2021
£    £   
Amount due to related party at the balance sheet date 649,383 558,165

Moreland Property Group Ltd

Parent company


A dividend amounting to £140,000 (2021: £Nil) was voted to Moreland Property Group Ltd during the year.

2022 2021
£    £   
Amount due to related party at the balance sheet date 873,533 1,125,023

12. ULTIMATE PARENT COMPANY

The Moreland Property Group is regarded by the director as being the ultimate parent company.

ULTIMATE CONTROLLING PARTY

The director considers the ultimate controlling party of the company to be the board of the Moreland Property Group Limited.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
REELSTONE PROPERTY HOLDINGS LIMITED


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 Balance Sheet. 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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Reelstone Property Holdings Limited for the year ended 30th December 2022 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

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.

This report is made solely to the director of Reelstone Property Holdings Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Reelstone Property Holdings Limited and state those matters that we have agreed to state to the director of Reelstone Property Holdings 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 Reelstone Property Holdings Limited and its director for our work or for this report.

It is your duty to ensure that Reelstone Property Holdings 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 profit of Reelstone Property Holdings Limited. You consider that Reelstone Property Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Reelstone Property Holdings 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.






The Paris Partnership LLP
Chartered Accountants
Russell House
140 High Street
Edgware
Middlesex
HA8 7LW


20th November 2023