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Company No: 07179170 (England and Wales)

# TEAM REED DEVELOPMENTS LIMITED

### Unaudited Financial Statements
For the financial year ended 30 June 2025
Pages for filing with the registrar

TEAM REED DEVELOPMENTS LIMITED

## Unaudited Financial Statements

For the financial year ended 30 June 2025

Contents

TEAM REED DEVELOPMENTS LIMITED

## COMPANY INFORMATION

For the financial year ended 30 June 2025
TEAM REED DEVELOPMENTS LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 30 June 2025

DIRECTORS | A J Reed
| S Q Reed

REGISTERED OFFICE | 22 Wycombe End
| Beaconsfield
| HP9 1NB
| United Kingdom

COMPANY NUMBER | 07179170 (England and Wales)

ACCOUNTANT | S&W Partners (Thames Valley) Limited
| 22 Wycombe End
| Beaconsfield
| Buckinghamshire
| HP9 1NB

TEAM REED DEVELOPMENTS LIMITED

## BALANCE SHEET

As at 30 June 2025
TEAM REED DEVELOPMENTS LIMITED

## BALANCE SHEET (continued)

As at 30 June 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Investment property | 4 | 660,000 |  | 660,000
|  | 660,000 |  | 660,000
Current assets |  |  |  |
Debtors | 5 | 4,338 |  | 1,702
Cash at bank and in hand |  | 21,013 |  | 15,198
|  | 25,351 |  | 16,900
Creditors: amounts falling due within one year | 6 | ( 346,570) |  | ( 346,210)
Net current liabilities |  | (321,219) |  | (329,310)
Total assets less current liabilities |  | 338,781 |  | 330,690
Creditors: amounts falling due after more than one year | 7 | ( 149,844) |  | ( 148,903)
Provision for liabilities |  | ( 33,189) |  | ( 33,189)
Net assets |  | 155,748 |  | 148,598
Capital and reserves |  |  |  |
Called-up share capital | 8 | 100 |  | 100
Profit and loss account | 10 | 155,648 |  | 148,498
Total shareholder's funds |  | 155,748 |  | 148,598

For the financial year ending 30 June 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year 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; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Team Reed Developments Limited (registered number: 07179170) were approved and authorised for issue by the Board of Directors on 31 October 2025. They were signed on its behalf by:

S Q Reed Director |

TEAM REED DEVELOPMENTS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2025
TEAM REED DEVELOPMENTS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Team Reed Developments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 22 Wycombe End, Beaconsfield, HP9 1NB, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The functional currency of Team Reed Developments Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

##### Going concern

The financial statements have been prepared on a going concern basis.
The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

##### Turnover

Turnover is measured at the fair value of the consideration received or receivable for letting of residential investment properties in the normal course of business.
Rental income
Operating lease income from investment properties is recognised in profit and loss on a straight-line basis over the lease term

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. | 5 years straight line

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The fair value is determined annually by the directors, on an open market value for existing use basis.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Fair value measurement
The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 2 |  | 2

#### 3. Tangible assets

| Plant and machinery etc. |  | Total
| £ |  | £
Cost |  |  |
At 01 July 2024 | 2,620 |  | 2,620
At 30 June 2025 | 2,620 |  | 2,620
Accumulated depreciation |  |  |
At 01 July 2024 | 2,620 |  | 2,620
At 30 June 2025 | 2,620 |  | 2,620
Net book value |  |  |
At 30 June 2025 | 0 |  | 0
At 30 June 2024 | 0 |  | 0

#### 4. Investment property

| Investment property
| £
Valuation |
As at 01 July 2024 | 660,000
As at 30 June 2025 | 660,000

Valuation

The fair value of the investment properties was arrived at on the basis of a valuation carried out by a director of the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Other debtors | 4,338 |  | 1,702

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Taxation and social security | 1,677 |  | 1,422
Other creditors | 344,893 |  | 344,788
| 346,570 |  | 346,210

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Other creditors | 149,844 |  | 148,903

Amounts included in other creditors are secured by way of a fixed charge over one of the company's investment properties, to which the borrowing relates.

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
100 Ordinary shares of £ 1.00 each | 100 |  | 100

#### 9. Related party transactions

At the balance sheet date, the company owed £342,139 (2024 - £342,139) to the directors in respect of interest-free loans made by them to the company.

#### 10. Profit and loss reserve

The profit and loss reserve contains the cumulative balance of retained profit and losses as well as investment property revaluations since the company started trading. It is made up of distributable and non-distributable reserves.
At the balance sheet date, total reserves consisted of £54,489 (2024 - £47,339) distributable reserves and £101,159 (2024 - £101,159) non-distributable reserve