0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 355,647 355,647 332,813 332,813 332,813 xbrli:pure xbrli:shares iso4217:GBP 01633114 2023-04-01 2024-03-31 01633114 2024-03-31 01633114 2023-03-31 01633114 2022-04-01 2023-03-31 01633114 2023-03-31 01633114 2022-03-31 01633114 bus:Director1 2023-04-01 2024-03-31 01633114 bus:Director2 2023-04-01 2024-03-31 01633114 core:LandBuildings core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01633114 core:WithinOneYear 2023-03-31 01633114 core:ShareCapital 2024-03-31 01633114 core:ShareCapital 2023-03-31 01633114 core:SharePremium 2023-03-31 01633114 core:RetainedEarningsAccumulatedLosses 2024-03-31 01633114 core:RetainedEarningsAccumulatedLosses 2023-03-31 01633114 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 01633114 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2024-03-31 01633114 core:Non-currentFinancialInstruments 2023-03-31 01633114 bus:SmallEntities 2023-04-01 2024-03-31 01633114 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 01633114 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 01633114 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01633114 bus:FullAccounts 2023-04-01 2024-03-31 01633114 1 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 01633114
REEDGLEN LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2024
REEDGLEN LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Investments
5
332,813
CURRENT ASSETS
Cash at bank and in hand
2
CREDITORS: amounts falling due within one year
6
154,611
----
---------
NET CURRENT ASSETS/(LIABILITIES)
2
( 154,611)
----
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
2
178,202
----
---------
CAPITAL AND RESERVES
Called up share capital
1
128,291
Share premium account
76,180
Profit and loss account
1
( 26,269)
----
---------
SHAREHOLDERS FUNDS
2
178,202
----
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 March 2024 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 8 August 2024 , and are signed on behalf of the board by:
Mr R C P Seddon
Mr D J Seddon
Director
Director
Company registration number: 01633114
REEDGLEN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 138 Northampton Road, Kettering, Northants, NN15 7JY.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
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.
Exceptional items
Exceptional items are disclosed separately in the financial statements in order to provide further understanding of the financial performance of the entity. They are material items of income or expense that have been shown separately because of their nature or amount.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
4. TANGIBLE ASSETS
Freehold property
£
Cost
At 1 April 2023
Additions
355,647
Disposals
( 355,647)
---------
At 31 March 2024
---------
Depreciation
At 1 April 2023 and 31 March 2024
---------
Carrying amount
At 31 March 2024
---------
At 31 March 2023
---------
5. INVESTMENTS
Other investments other than loans
£
Cost
At 1 April 2023
332,813
Disposals
( 332,813)
---------
At 31 March 2024
---------
Impairment
At 1 April 2023 and 31 March 2024
---------
Carrying amount
At 31 March 2024
---------
At 31 March 2023
332,813
---------
6. CREDITORS: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
152,507
Other creditors
2,104
----
---------
154,611
----
---------
7. RELATED PARTY TRANSACTIONS
Advantage has been taken of the exemption conferred by FRS 102 to its subsidiary undertakings, of whose voting rights are controlled within the group, not to disclose transactions with other group companies.
8. CONTROLLING PARTY
The company's ultimate controlling party is Campeones1516 Limited , which is incorporated in England and Wales.