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REGISTERED NUMBER: 08466717 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st August 2024

for

Reginald Developments Limited

Reginald Developments Limited (Registered number: 08466717)






Contents of the Financial Statements
for the Year Ended 31st August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Reginald Developments Limited

Company Information
for the Year Ended 31st August 2024







DIRECTOR: J D Richardson





REGISTERED OFFICE: 29a Crown Street
Brentwood
Essex
CM14 4BA





REGISTERED NUMBER: 08466717 (England and Wales)





ACCOUNTANTS: Moulton Johnson Limited
Chartered Accountants
29a Crown Street
Brentwood
Essex
CM14 4BA

Reginald Developments Limited (Registered number: 08466717)

Balance Sheet
31st August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 42,636 44,512
Investment property 5 4,757,614 4,757,614
4,800,250 4,802,126

CURRENT ASSETS
Debtors 6 71,294 40,123
Cash at bank 62,843 55,045
134,137 95,168
CREDITORS
Amounts falling due within one year 7 341,723 289,652
NET CURRENT LIABILITIES (207,586 ) (194,484 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,592,664

4,607,642

CREDITORS
Amounts falling due after more than one
year

8

(2,908,594

)

(3,018,219

)

PROVISIONS FOR LIABILITIES (150,238 ) (150,707 )
NET ASSETS 1,533,832 1,438,716

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 9 770,741 770,741
Retained earnings 762,091 666,975
SHAREHOLDERS' FUNDS 1,533,832 1,438,716

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

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

Reginald Developments Limited (Registered number: 08466717)

Balance Sheet - continued
31st August 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6th May 2025 and were signed by:





J D Richardson - Director


Reginald Developments Limited (Registered number: 08466717)

Notes to the Financial Statements
for the Year Ended 31st August 2024

1. STATUTORY INFORMATION

Reginald Developments 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 as modified by the revaluation of certain assets.

The financial statements have been prepared using the going concern basis. The director considers this basis to be appropriate as he intents to provide financial support to the company for the foreseeable future.

Income recognition
Turnover comprises property rental, service charges and other income receivable during the year excluding VAT where applicable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 20% on cost

Investment property
The investment properties are shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve.

The investment properties were valued on an open market basis at the balance sheet date by the company's director, Mr J D Richardson.

Taxation
Taxation for the year 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.

3. EMPLOYEES AND DIRECTORS

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

Reginald Developments Limited (Registered number: 08466717)

Notes to the Financial Statements - continued
for the Year Ended 31st August 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st September 2023 173,240
Additions 18,057
At 31st August 2024 191,297
DEPRECIATION
At 1st September 2023 128,728
Charge for year 19,933
At 31st August 2024 148,661
NET BOOK VALUE
At 31st August 2024 42,636
At 31st August 2023 44,512

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st September 2023
and 31st August 2024 4,757,614
NET BOOK VALUE
At 31st August 2024 4,757,614
At 31st August 2023 4,757,614

Fair value at 31st August 2024 is represented by:
£   
Valuation in 2017 910,320
Cost 3,847,294
4,757,614

If investment properties had not been revalued they would have been included at the following historical cost:

31.8.24 31.8.23
£    £   
Cost 3,847,294 3,847,294

In the opinion of the director, taking into account current market conditions there has been no significant change in value of the investment properties during the year.

Reginald Developments Limited (Registered number: 08466717)

Notes to the Financial Statements - continued
for the Year Ended 31st August 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 677 -
Other debtors 70,617 40,123
71,294 40,123

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans 10,319 10,064
Trade creditors 4,879 2,463
Taxation and social security 35,601 37,343
Other creditors 290,924 239,782
341,723 289,652

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 7,907 18,226
Other creditors 2,900,687 2,999,993
2,908,594 3,018,219

9. RESERVES
Fair
value
reserve
£   
At 1st September 2023
and 31st August 2024 770,741

10. RELATED PARTY DISCLOSURES

During the year, J.D. Richardson continued to advance a long-term, interest-free loan to the company. The balance on this loan at 31st August 2024 amounted to £1,839,048 (2023: £1,907,389).

During the year, J.D. Richardson continued to advance an additional long-term loan to the company amounting to £743,731 (2023: £749,119) which carries an interest rate of 2.5%. This loan is not repayable before 31st August 2025.

During the year, Digital Sports Group Limited, a company controlled by J.D. Richardson, continued to advance a loan to the company. The loan carries an interest rate of 2.0% and is repayable over 5-years. The amount due by the company to Digital Sports Group Limited at 31st August 2024 amounted to £356,186 (2023: £375,886).

During the year, Global Domains Ltd, a company controlled by J.D. Richardson, continued to advance an interest-free loan to the company. The amount due by the company to Global Domains Ltd at 31st August 2024 amounted to £171,691 (2023: £149,691).

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Reginald Developments 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 Reginald Developments Limited for the year ended 31st August 2024 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 Reginald Developments Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Reginald Developments Limited and state those matters that we have agreed to state to the director of Reginald Developments 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 Reginald Developments Limited and its director for our work or for this report.

It is your duty to ensure that Reginald Developments 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 Reginald Developments Limited. You consider that Reginald Developments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Reginald Developments 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.






Moulton Johnson Limited
Chartered Accountants
29a Crown Street
Brentwood
Essex
CM14 4BA


13th May 2025