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REGISTERED NUMBER: 06282312 (England and Wales)















FINANCIAL STATEMENTS

FOR THE PERIOD

31 DECEMBER 2022 TO 29 DECEMBER 2023

FOR

REELSTONE PROPERTY HOLDINGS LIMITED

REELSTONE PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 06282312)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 9

REELSTONE PROPERTY HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023







DIRECTOR: L C Freilich





SECRETARY: B Grossman





REGISTERED OFFICE: 5 Sentinel Square
Hendon
London
NW4 2EL





REGISTERED NUMBER: 06282312 (England and Wales)





ACCOUNTANTS: MGR Paris Limited
Chartered Accountants
Russell House
140 High Street
Edgware
HA8 7LW

REELSTONE PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 06282312)

BALANCE SHEET
29 DECEMBER 2023

29.12.23 30.12.22
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 6 515,186 254,501
Cash at bank 1,964 688
517,150 255,189
CREDITORS
Amounts falling due within one year 7 (1,795,672 ) (1,536,161 )
NET CURRENT LIABILITIES (1,278,522 ) (1,280,972 )
TOTAL ASSETS LESS CURRENT LIABILITIES 57,588 55,138

CAPITAL AND RESERVES
Called up share capital 8 50,100 50,100
Fair value reserve 9 2,403 2,403
Retained earnings 9 5,085 2,635
SHAREHOLDERS' FUNDS 57,588 55,138

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 December 2023 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.

REELSTONE PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 06282312)

BALANCE SHEET - continued
29 DECEMBER 2023


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 24 September 2024 and were signed by:





L C Freilich - Director


REELSTONE PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 06282312)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023


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.

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 period 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 period was NIL (2022 - NIL).

REELSTONE PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 06282312)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023


4. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 31 December 2022
and 29 December 2023 1,326,111
NET BOOK VALUE
At 29 December 2023 1,326,111
At 30 December 2022 1,326,111

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Chancery Lane Investments Limited
Registered office:
Nature of business: Investment property rental and management
%
Class of shares: holding
Ordinary 100.00

MW Freeholds
Registered office:
Nature of business: Investment property
%
Class of shares: holding
Ordinary 100.00

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 31 December 2022
and 29 December 2023 9,999
NET BOOK VALUE
At 29 December 2023 9,999
At 30 December 2022 9,999

REELSTONE PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 06282312)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.12.23 30.12.22
£    £   
Payments in Advance 103,931 103,931
Amounts owed by group undertakings 410,985 -
Other debtors- 195 195
Chancery Lane Investments - 150,000
MEM - Client Account - 300
Prepayments and accrued income 75 75
515,186 254,501

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.12.23 30.12.22
£    £   
Amounts owed to group undertakings 1,700,839 873,533
Taxation 12,520 11,805
Other creditors 80,873 -
MP Group Service Ltd - 649,383
Accruals and deferred income 1,440 1,440
1,795,672 1,536,161

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.12.23 30.12.22
value: £    £   
50,100 Ordinary 1 50,100 50,100

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

At 31 December 2022 2,635 2,403 5,038
Profit for the period 202,450 202,450
Dividends (200,000 ) (200,000 )
At 29 December 2023 5,085 2,403 7,488

REELSTONE PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 06282312)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023


10. RELATED PARTY DISCLOSURES

Chancery Lane Investments Limited

A wholly owned subsidiary of the company


Other income relates to a dividend received of £250,000 (2022: £150,000) from Chancery Lane Investments Limited.

29.12.23 30.12.22
£    £   
Amount due from related party at the balance sheet date 400,310 150,000

Ground Rent Investments UK Ltd

A company under common control


This is repayable on demand.

Other income relates to a dividend received of £ Nil (2022: £Nil) from Ground Rent Investment UK Ltd

Moreland Estate Property Management Limited

A company under common control


29.12.23 30.12.22
£    £   
Amount due from related party at the balance sheet date 1,000 -

MW Freeholds Ltd

A company under common control


29.12.23 30.12.22
£    £   
Amount due from related party at the balance sheet date 9,675 -

Ground Rent Trading Limited

A company under common control


This is repayable on demand.

REELSTONE PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 06282312)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023


10. RELATED PARTY DISCLOSURES - continued

MP Group Services Ltd

A company under common control.-


This is repayable on demand.

29.12.23 30.12.22
£    £   
Amount due to related party at the balance sheet date 649,383 649,383

Moreland Property Group Ltd

Parent company


A dividend amounting to £200,000 (2022: £140,000) was voted to Moreland Property Group Ltd during the year.

29.12.23 30.12.22
£    £   
Amount due to related party at the balance sheet date 1,051,456 873,533

11. 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.

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 period ended 29 December 2023 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 period.

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.






MGR Paris Limited
Chartered Accountants
Russell House
140 High Street
Edgware
HA8 7LW


24 September 2024