Reynards Properties Limited - Filleted accounts

Registered number

08729708

Reynards Properties Limited

Unaudited Filleted Accounts

31 March 2025

Reynards Properties Limited
Registered number:		08729708
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		2,320,623			2,342,449

Current assets
Debtors	4	1,527			92
Cash at bank and in hand		479,586			396,941
		481,113			397,033

Creditors: amounts falling due within one year	5	(1,598,079)			(1,590,604)

Net current liabilities			(1,116,966)			(1,193,571)

Total assets less current liabilities			1,203,657			1,148,878


Provisions for liabilities			(168,199)			(168,199)


Net assets			1,035,458			980,679

Capital and reserves
Called up share capital			2,250			2,250
Revaluation reserve	6		632,890			632,890
Profit and loss account			400,318			345,539

Shareholders' funds			1,035,458			980,679

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




G J Griffith
Director
Approved by the board on 10 December 2025

Reynards Properties Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover comprises revenue recognised by the company in respect of rental income received during the period.

	Investment properties
	Investment properties are included in the Balance Sheet at their open market value in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and are not depreciated. This treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the directors, necessary to give a true and fair view of the financial position of the company.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees	2025		2024
Number			Number

	Average number of persons employed by the company	0		0


3	Tangible fixed assets
				Land and buildings
£
	Cost
	At 1 April 2024			2,342,449
	Disposals			(21,826)
	At 31 March 2025			2,320,623

	Depreciation
	At 31 March 2025			-

	Net book value
	At 31 March 2025			2,320,623
	At 31 March 2024			2,342,449


	Freehold land and buildings:	2025		2024
£			£
	Historical cost	1,519,535		1,541,361
	Cumulative depreciation based on historical cost	-		-
		1,519,535		1,541,361


4	Debtors	2025		2024
£			£

	Other debtors	1,527		92


5	Creditors: amounts falling due within one year	2025		2024
£			£

	Taxation and social security costs	14,639		11,593
	Other creditors	1,583,440		1,579,011
		1,598,079		1,590,604


6	Fair value reserve	2025		2024
£			£

	At 1 April 2024	632,890		632,890

	At 31 March 2025	632,890		632,890


7	Related party transactions	2025		2024
£			£
	R Griffith
	Director
	Interest free loan repayable on demand
	Amount due to the related party	664,058		664,058

	G J Griffith
	Director
	Interest free loan repayable on demand
	Amount due to the related party	912,999		912,999


8	Controlling party

	The ultimate controlling party is G J Griffith as director and majority shareholder in the company.


9	Other information

	Reynards Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:
	105 Reynards, West End
	Haynes
	Bedford
	Bedfordshire
	MK45 3QU