| Reger Property Limited |
| Registered number: |
06309143 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
733,702 |
|
|
- |
|
| Current assets |
| Debtors |
4 |
|
6,387 |
|
|
- |
| Cash at bank and in hand |
|
|
1,140 |
|
|
- |
|
|
|
7,527 |
|
|
- |
|
| Creditors: amounts falling due within one year |
5 |
|
(748,349) |
|
|
(2,000) |
|
| Net current liabilities |
|
|
|
(740,822) |
|
|
(2,000) |
|
| Total assets less current liabilities |
|
|
|
(7,120) |
|
|
(2,000) |
|
| Net liabilities |
|
|
|
(7,120) |
|
|
(2,000) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1,769,756 |
|
|
1,769,756 |
| Profit and loss account |
|
|
|
(1,776,876) |
|
|
(1,771,756) |
|
| Shareholders' funds |
|
|
|
(7,120) |
|
|
(2,000) |
|
|
|
|
|
|
|
|
| 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. |
|
|
|
|
| S T Glanville |
| Director |
| Approved by the board on 15 December 2025 |
|
| Reger Property 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). |
|
|
The accounts are presented in pounds sterling (£). |
|
|
The accounts are prepared on the historical cost basis except that investment properties are stated at their fair value.
|
|
|
Going concern |
|
At the year end the company has net current liabilities of £7,120 (2024: £2,000) which includes amounts due to related undertakings. During the year the company acquired a new property as part of its strategic plan to invest and grow. This acquisition represents a significant investment in the future growth of the company and is expected to enhance revenue over the coming years. The company meets its day to day working capital requirements through 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 |
|
|
Turnover |
|
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. |
|
|
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. |
|
|
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 |
|
|
|
|
|
|
|
|
|
|
The company had no employees during the current or preceeding financial years. No fees are paid in respect of directors' services. |
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
| £ |
|
Cost |
|
Additions |
733,702 |
|
At 31 March 2025 |
733,702 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 March 2025 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
733,702 |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
3,980 |
|
- |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
2,407 |
|
- |
|
|
|
|
|
|
6,387 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
1,880 |
|
- |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
742,932 |
|
1,000 |
|
Other creditors |
3,537 |
|
1,000 |
|
|
|
|
|
|
748,349 |
|
2,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 6 |
Called up share capital |
|
|
The company has the shares issued in GBP and Euro. The number of shares allotted, called up and fully paid are as follows: |
|
|
|
|
|
|
2025 |
|
2024 |
| Number |
Number |
|
Ordinary shares of £1 |
1 |
|
1 |
|
A' ordinary shares of €1 |
2,000,000 |
|
2,000,000 |
|
|
Following the change in presentation and functional currency, the value attributed to share capital was restated to GBP as follows: |
|
|
|
|
|
|
2025 |
|
2024 |
| £ |
£ |
|
|
At 1 April |
1,769,756 |
|
1,769,756 |
|
|
Effect of change in functional currency |
- |
|
- |
|
|
At 31 March |
1,769,756 |
|
1,769,756 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Related party transactions |
|
|
The company undertook the following transactions with entities whose directors include directors of this company: |
|
|
|
Transactions in the year |
|
Amounts due from / (to) |
|
|
2025 |
|
2024 |
|
2025 |
|
2024 |
| £ |
£ |
£ |
£ |
|
Reger Holding Limited |
|
Payments made on account |
- |
|
- |
|
314,070 |
|
314,070 |
|
|
|
Transactions in the year |
|
Amounts due from / (to) |
|
|
2025 |
|
2024 |
|
2025 |
|
2024 |
| £ |
£ |
£ |
£ |
|
API Limited |
|
Payments made on account |
(5,664) |
|
- |
|
(5,664) |
|
- |
|
|
|
Transactions in the year |
|
Amounts due from / (to) |
|
|
2025 |
|
2024 |
|
2025 |
|
2024 |
| £ |
£ |
£ |
£ |
|
Orfin 1 Limited |
|
Payments made on account |
(246,701) |
|
- |
|
(246,701) |
|
- |
|
|
|
Transactions in the year |
|
Amounts due from / (to) |
|
|
2025 |
|
2024 |
|
2025 |
|
2024 |
| £ |
£ |
£ |
£ |
|
Orfin 2 Limited |
|
Payments made on account |
(246,701) |
|
- |
|
(246,701) |
|
- |
|
|
|
Transactions in the year |
|
Amounts due from / (to) |
|
|
2025 |
|
2024 |
|
2025 |
|
2024 |
| £ |
£ |
£ |
£ |
|
Orfin 3 Limited |
|
Payments made on account |
(241,701) |
|
- |
|
(241,701) |
|
- |
|
|
|
Transactions in the year |
|
Amounts due from / (to) |
|
|
2025 |
|
2024 |
|
2025 |
|
2024 |
| £ |
£ |
£ |
£ |
|
Bruder Property Limited |
|
Payments made on account |
194 |
|
- |
|
194 |
|
- |
|
|
|
Transactions in the year |
|
Amounts due from / (to) |
|
|
2025 |
|
2024 |
|
2025 |
|
2024 |
| £ |
£ |
£ |
£ |
|
Stampflat Limited |
|
Payments made on account |
1,049 |
|
- |
|
1,049 |
|
- |
|
|
All related party balances are unsecured. |
|
|
| # |
Controlling party |
|
|
The company is a wholly owned subsidiary of Reger Holding Limited, a company registered in England and Wales whose registered address is the same as for Reger Property Limited, which is disclosed on the company information page and the note below.
The directors regard Reger Holding Limited as the immediate controlling party. In the directors' opinion there is no ultimate controlling party.
The results of the company are not included in any group financial statements. |
|
|
| 9 |
Other information |
|
|
Reger Property Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
First Floor, Finchale House |
|
Belmont Business Park |
|
Durham |
|
DH1 1TW |