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REGISTERED NUMBER: 04391611 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

REEDBED LIMITED

REEDBED LIMITED (REGISTERED NUMBER: 04391611)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REEDBED LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







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: BK Plus Limited
Chartered Accountants
Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS

REEDBED LIMITED (REGISTERED NUMBER: 04391611)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 815,053 72,127
Investments 5 411,701 411,701
Investment property 6 1,479,373 -
2,706,127 483,828

CURRENT ASSETS
Stocks 11,562 14,000
Debtors 7 34,704 38,465
Cash at bank and in hand 215,716 546,097
261,982 598,562
CREDITORS
Amounts falling due within one year 8 393,959 117,781
NET CURRENT (LIABILITIES)/ASSETS (131,977 ) 480,781
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,574,150

964,609

CREDITORS
Amounts falling due after more than one
year

9

(1,629,943

)

(25,967

)

PROVISIONS FOR LIABILITIES (10,687 ) (10,037 )
NET ASSETS 933,520 928,605

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 933,420 928,505
SHAREHOLDERS' FUNDS 933,520 928,605

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 2024


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 10 July 2024 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 2024


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.

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

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.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


REEDBED LIMITED (REGISTERED NUMBER: 04391611)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Freehold Long Plant and Motor
property leasehold machinery vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 - 137,579 148,318 51,055 336,952
Additions 780,555 - 2,442 - 782,997
Disposals - (137,579 ) - - (137,579 )
At 31 March 2024 780,555 - 150,760 51,055 982,370
DEPRECIATION
At 1 April 2023 - 125,993 122,064 16,768 264,825
Charge for year 15,611 - 4,303 8,571 28,485
Eliminated on disposal - (125,993 ) - - (125,993 )
At 31 March 2024 15,611 - 126,367 25,339 167,317
NET BOOK VALUE
At 31 March 2024 764,944 - 24,393 25,716 815,053
At 31 March 2023 - 11,586 26,254 34,287 72,127

REEDBED LIMITED (REGISTERED NUMBER: 04391611)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 411,701
NET BOOK VALUE
At 31 March 2024 411,701
At 31 March 2023 411,701

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 1,479,373
At 31 March 2024 1,479,373
NET BOOK VALUE
At 31 March 2024 1,479,373

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by associates - 22,699
Other debtors 34,704 15,766
34,704 38,465

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 208,971 9,615
Trade creditors 14,802 7,362
Taxation and social security 81,934 73,459
Other creditors 88,252 27,345
393,959 117,781

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 617,641 25,967
Amounts owed to group undertakings 1,012,302 -
1,629,943 25,967

REEDBED LIMITED (REGISTERED NUMBER: 04391611)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


10. LEASING AGREEMENTS

At the end of the accounting period the company was committed, under non-cancellable operating leases, to future payments of £70,000 (2023 : £133,500)

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Avonco loan 800,000 -

The Avonco loan is secured against the company property 4 Broad Quay.