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REGISTERED NUMBER: 10840040 (England and Wales)















RECO GROUP HOLDINGS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023






RECO GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 10840040)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RECO GROUP HOLDINGS LIMITED

COMPANY INFORMATION
For The Year Ended 30 SEPTEMBER 2023







DIRECTORS: M Killen
Mrs M J Killen





REGISTERED OFFICE: Unit A, Astwood Business Park
Astwood Lane
Astwood Bank
Redditch
Worcestershire
B96 6HH





REGISTERED NUMBER: 10840040 (England and Wales)





ACCOUNTANTS: Charles Lovell & Co Limited
Chartered Certified Accountants
and Statutory Auditors
8 Church Green East
Redditch
Worcestershire
B98 8BP

RECO GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 10840040)

BALANCE SHEET
30 SEPTEMBER 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 611,051 611,051

CURRENT ASSETS
Cash at bank and in hand 250 334

CREDITORS
Amounts falling due within one year 5 610,857 610,861
NET CURRENT LIABILITIES (610,607 ) (610,527 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

444

524

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 344 424
SHAREHOLDERS' FUNDS 444 524

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 Board of Directors and authorised for issue on 15 January 2024 and were signed on its behalf by:





M Killen - Director


RECO GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 10840040)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

Reco Group 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.

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.

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

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 October 2022
and 30 September 2023 611,051
NET BOOK VALUE
At 30 September 2023 611,051
At 30 September 2022 611,051

RECO GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 10840040)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 SEPTEMBER 2023


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Amounts owed to group undertakings 610,857 610,861

6. RELATED PARTY DISCLOSURES

During the year, dividends were paid to the directors.

7. ULTIMATE CONTROLLING PARTY

The controlling party is the directors.