| Reger Holding Limited |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
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| 1 |
Accounting policies |
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Basis of preparation |
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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). |
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The accounts are presented in pounds sterling (£).
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The accounts are prepared on the historical cost basis except that investment properties are stated at their fair value.
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Going concern |
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At the year end the company has net current liabilities of £901,185 (2024: £900,215) which includes amounts due to related undertakings. The company meets its day to day working capital requirements through its positive cash balances and funding provided by related parties. These related party relationships will continue for the foreseeable future and provide the necessary working capital and financial support to allow the company to continue to trade. This on-going financial support means that the directors are confident that the company has sufficient resources to meet its liabilities as they fall due for at least 12 months from the date of approval of these accounts. Therefore these accounts are prepared on a going concern basis.
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
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Investments |
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Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
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Debtors |
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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. |
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Creditors |
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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. |
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Provisions |
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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. |
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| 2 |
Employees |
2025 |
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2024 |
| Number |
Number |
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Average number of persons employed by the company |
0 |
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0 |
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The company had no employees during the current or preceeding financial years. No fees are paid in respect of directors' services. |
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| 3 |
Investments |
| Investments in |
| subsidiary |
| undertakings |
| £ |
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Fair value |
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At 1 April 2024 |
- |
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Additions |
- |
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Revaluation |
- |
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Disposals |
- |
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At 31 March 2025 |
- |
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The company owns 100% of the share capital of Reger Property Limited and Bruder Property Limited, which are both incorporated in the UK with registered office at Finchale House, Belmont Business Park, Durham, DH1 1TW. |
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| 4 |
Debtors |
2025 |
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2024 |
| £ |
£ |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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28,618 |
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29,588 |
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| 5 |
Creditors: amounts falling due within one year |
2025 |
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2024 |
| £ |
£ |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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926,304 |
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926,304 |
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Other creditors |
3,499 |
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3,499 |
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929,803 |
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929,803 |
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| 6 |
Called up share capital |
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The company has the shares issued in GBP and Euro. The number of shares allotted, called up and fully paid are as follows: |
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2025 |
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2024 |
| Number |
Number |
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Ordinary shares of £1 |
1 |
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1 |
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'A' ordinary shares of €1 |
4,000,000 |
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4,000,000 |
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Following the change in presentation and functional currency, the value attribued to share capital was restated to GBP as follows: |
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2025 |
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2024 |
| £ |
£ |
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At 1 April |
3,539,511 |
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3,539,511 |
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Effect of change in functional currency |
- |
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- |
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At 31 March |
3,539,511 |
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3,539,511 |
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| 7 |
Related party transactions |
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The company undertook the following transactions with entities whose directors (or general partner's directors) include directors of this company: |
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Transactions in the year |
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Amounts due from / (to) |
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2025 |
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2024 |
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2025 |
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2024 |
| £ |
£ |
£ |
£ |
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Bruder Property Limited |
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Payments made on account |
194 |
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- |
|
685,548 |
|
685,354 |
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Provision is made against this receivable as it is not expected to be recoverable. |
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Reger Property Limited |
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Payments made on account |
- |
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- |
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(314,070) |
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(314,070) |
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Crossco Limited |
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Payments made on account |
- |
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- |
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(612,234) |
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(612,234) |
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Stampflat Limited |
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Payments made on account |
(1,164) |
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- |
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27,424 |
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28,588 |
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All related party balances are unsecured. |
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| 8 |
Controlling party |
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The company's principal activity during the year continued to be a holding company of property investment companies. In October 2024 the Share Capital of the company was jointly acquired by Orfin 1 Ltd, Orfin 2 Ltd and Orfin 3 Ltd. The Directors expect the company to be used as a property investment holding company. The acquisition presents an exciting opportunity to grow the business. Because each Orfin company owns 33.33% of the shares in the Company it is the Directors opinion that there is no ultimate controlling party. |
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| 9 |
Other information |
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Reger Holding Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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First Floor, Finchale House |
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Belmont Business Park |
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Durham |
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DH1 1TW |