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Registration number: 11792604

Reynards Holdings Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Reynards Holdings Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Reynards Holdings Limited

(Registration number: 11792604)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

423

423

Current assets

 

Debtors

5

1,350

1,000

Net assets

 

1,773

1,423

Capital and reserves

 

Called up share capital

846

846

Retained earnings

927

577

Shareholders' funds

 

1,773

1,423

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 July 2024 and signed on its behalf by:
 

.........................................
Douglas J Griffith
Director

.........................................
Gavin J Griffith
Director

 

Reynards Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Arqadia House
2 Wolseley Road
Kempston
Bedfordshire
MK42 7AD
United Kingdom

These financial statements were authorised for issue by the Board on 22 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the entity.

The company is a dormant holding company.

Group accounts not prepared

The group comprises a small group under the Companies Act 2006 Section 399 and has therefore taken the exexmption to not prepare group accounts on the basis that it is small..

Going concern

The financial statements have been prepared on a going concern basis.

 

Reynards Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Investments

Investments in equity shares represent shares that are not publicly traded and are carried at cost. The carrying value is reviewed periodically for impairment.

Dividends on equity securities are recognised in income when receivable.

Trade debtors

Debtors are amounts due to the company and are carried at cost.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

4

Investments

2023
£

2022
£

Investments in subsidiaries

423

423

Subsidiaries

£

Cost or valuation

At 1 January 2023

423

Provision

Carrying amount

At 31 December 2023

423

At 31 December 2022

423

 

Reynards Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2023

2022

Subsidiary undertakings

Thatchreed Limited

England and Wales

Ordinary and Ordinary A Shares

100%

100%

Subsidiary undertakings

Thatchreed Limited

The principal activity of Thatchreed Limited is wholesale of clothing and equipment for specialised activities to the retail industry.

5

Debtors

Current

Note

2023
£

2022
£

Amounts owed by related parties

8

1,350

1,000

   

1,350

1,000

 

Reynards Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary Shares of £1 each

564

564

564

564

Ordinary A Shares of £1 each

282

282

282

282

 

846

846

846

846

Ordinary A shares do not hold the entitlement to a capital distribution in the event a winding up or sale. All other rights remain pari-passu between the two classes of shares.

7

Dividends

Interim dividends paid

   

2023
£

 

2022
£

Interim dividend

 

1,000

 

2,000

         

8

Related party transactions

Summary of transactions with other related parties

A cross guarantee is in place with the subsidiary company, Thatchreed Limited, over all assets of the company in favour of Barclays Security Trustee Limited.

At the balance sheet date the company was owed £1,350 (2022: £1,000) by Thatchreed Limited. The amount is repayable on demand.