| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31st August 2024 |
| for |
| Reginald Developments Limited |
| REGISTERED NUMBER: |
| 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: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 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 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve | 9 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the director and authorised for issue on |
| 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 |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Plant and machinery etc | - |
| 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 |
| Additions |
| At 31st August 2024 |
| DEPRECIATION |
| At 1st September 2023 |
| Charge for year |
| At 31st August 2024 |
| NET BOOK VALUE |
| At 31st August 2024 |
| At 31st August 2023 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1st September 2023 |
| and 31st August 2024 |
| NET BOOK VALUE |
| At 31st August 2024 |
| At 31st August 2023 |
| 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 |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.8.24 | 31.8.23 |
| £ | £ |
| Bank loans |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.8.24 | 31.8.23 |
| £ | £ |
| Bank loans |
| Other creditors |
| 9. | RESERVES |
| Fair |
| value |
| reserve |
| £ |
| At 1st September 2023 |
| and 31st August 2024 |
| 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. |
| Chartered Accountants |
| 29a Crown Street |
| Brentwood |
| Essex |
| CM14 4BA |