Company registration number 01010991 (England and Wales)
REYNOLDS & GREENE INVESTMENT HOLDINGS
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
5 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
11 De Grey Square
De Grey Road
Colchester
Essex
CO4 5YQ
REYNOLDS & GREENE INVESTMENT HOLDINGS
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 6
REYNOLDS & GREENE INVESTMENT HOLDINGS
COMPANY INFORMATION
- 1 -
Directors
Mr R L Gilbart
Mrs. C S Rhys-Lewis
Secretary
Mr R L Gilbart
Company number
01010991
Registered office
11 De Grey Square
De Grey Road
Colchester
Essex
CO4 5YQ
Accountants
TC Group
11 De Grey Square
De Grey Road
Colchester
Essex
CO4 5YQ
REYNOLDS & GREENE INVESTMENT HOLDINGS
BALANCE SHEET
AS AT
5 APRIL 2024
05 April 2024
- 2 -
5 April 2024
30 June 2023
Notes
£
£
£
£
Current assets
Debtors
4
-
0
1,681
Investments
5
531,276
479,554
Cash at bank and in hand
5,176
6,187
536,452
487,422
Creditors: amounts falling due within one year
6
(3,772)
(3,772)
Net current assets
532,680
483,650
Provisions for liabilities
(13,765)
-
0
Net assets
518,915
483,650
Capital and reserves
Called up share capital
1,390
1,390
Profit and loss reserves
517,525
482,260
Total equity
518,915
483,650
REYNOLDS & GREENE INVESTMENT HOLDINGS
BALANCE SHEET (CONTINUED)
AS AT
5 APRIL 2024
05 April 2024
- 3 -

For the financial Period ended 5 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 1 November 2024 and are signed on its behalf by:
Mr R L Gilbart
Director
Company registration number 01010991 (England and Wales)
REYNOLDS & GREENE INVESTMENT HOLDINGS
BALANCE SHEET (CONTINUED)
AS AT 5 APRIL 2024
05 April 2024
- 4 -
1
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

 

In the opinion of the directors there are no significant judgements or areas of estimation uncertainty.

 

2
Accounting policies
Company information

Reynolds & Greene Investment Holdings is a private company limited by shares incorporated in England and Wales. The registered office is 11 De Grey Square, De Grey Road, Colchester, Essex, CO4 5YQ.

2.1
Reporting period

The company has shortened its accounting period this year to bring it in line with investment portfolio reporting periods. Comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.

2.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

2.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

REYNOLDS & GREENE INVESTMENT HOLDINGS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 5 APRIL 2024
2
Accounting policies
(Continued)
- 5 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

3
Employees

The average monthly number of persons (including directors) employed by the company during the Period was:

2024
2023
Number
Number
Total
-
0
-
0
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
-
0
379
Deferred tax asset
-
0
1,302
-
0
1,681
REYNOLDS & GREENE INVESTMENT HOLDINGS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 5 APRIL 2024
- 6 -
5
Current asset investments
2024
2023
£
£
Other investments
531,276
479,554
6
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
2,241
2,241
Other creditors
1,531
1,531
3,772
3,772
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