Company registration number 10097860 (England and Wales)
REYNOLDS PROPERTY LIMITED
ANNUAL REPORT AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
REYNOLDS PROPERTY LIMITED
COMPANY INFORMATION
Directors
JM Reynolds
Mrs L Reynolds
Company number
10097860
Registered office
9 Quorn Business Quarter
Loughborough Road
Mountsorrel
Loughborough
Leicestershire
LE12 7XF
Accountants
Newby Castleman LLP
West Walk Building
110 Regent Road
Leicester
LE1 7LT
Business address
9 Quorn Business Quarter
Loughborough Road
Mountsorrel
Loughborough
Leicestershire
LE12 7XF
REYNOLDS PROPERTY LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
Information for management
-
REYNOLDS PROPERTY LIMITED
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
363,754
371,563
Investment properties
4
508,545
508,545
872,299
880,108
Current assets
Stocks
3,602,881
2,558,134
Debtors
5
23,676
3,636
Cash at bank and in hand
30,959
64,411
3,657,516
2,626,181
Creditors: amounts falling due within one year
6
(3,137,798)
(2,171,126)
Net current assets
519,718
455,055
Total assets less current liabilities
1,392,017
1,335,163
Provisions for liabilities
(32,953)
(31,815)
Net assets
1,359,064
1,303,348
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
1,358,964
1,303,248
Total equity
1,359,064
1,303,348

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

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

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

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

The financial statements were approved by the board of directors and authorised for issue on 8 September 2025 and are signed on its behalf by:
JM Reynolds
Mrs L Reynolds
Director
Director
Company Registration No. 10097860
REYNOLDS PROPERTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Reynolds Property Limited is a private company limited by shares incorporated in England and Wales. The registered office is 9 Quorn Business Quarter, Loughborough Road, Mountsorrel, Loughborough, Leicestershire, LE12 7XF.

1.1
Basis of preparation

These financial statements have been prepared in accordance with applicable accounting standards including 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 a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.3
Tangible fixed assets

Tangible fixed assets are measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
2% of cost per annum
1.4
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Stocks

Stock and w ork in progress are valued at the lower of cost and net realisable value. Cost comprises direct materials, direct labour costs and other attributable overheads which have been incurred in the construction of residential buildings.

1.6
Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Debtors and creditors with no stated interest rate and receivable or payable within one year are measured at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

1.7
Taxation

The tax expense represents the sum of the tax currently payable. This is based on taxable profit for the year. T he company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

REYNOLDS PROPERTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
1.8
Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

2
Employees

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

2025
2024
Number
Number
Total
2
2
3
Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2024 and 31 March 2025
390,435
Depreciation and impairment
At 1 April 2024
18,872
Depreciation charged in the year
7,809
At 31 March 2025
26,681
Carrying amount
At 31 March 2025
363,754
At 31 March 2024
371,563
4
Investment property
2025
£
Fair value
At 1 April 2024 and 31 March 2025
508,545

The fair value of the investment property is stated at the director's valuation, which was made on an open market value basis.

REYNOLDS PROPERTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
5
Debtors
2025
2024
Amounts falling due within one year
£
£
Other debtors
892
104
Prepayments and accrued income
22,784
3,532
23,676
3,636
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
158,376
-
0
Corporation tax
17,084
66,119
Other creditors
2,949,770
2,092,799
Accruals and deferred income
12,568
12,208
3,137,798
2,171,126
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
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