Reinhard Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02463936 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Reinhard Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

11

DIRECTOR:

R R Belger

REGISTERED OFFICE:

Delamere House

Bakers Lane

Stoke Bruerne

Northamptonshire

NN12 7SF

REGISTERED NUMBER:

02463936 (England and Wales)

ACCOUNTANTS:

D. A. Locke & Co, Chartered Accountants

Stoke Bruerne

Northamptonshire

NN12 7SF

FIXED ASSETS

Tangible assets

4

1,314

602

Investment property

5

1,259,300

1,260,614

1,259,902

CURRENT ASSETS

Stocks

599,571

555,560

Debtors

6

80,209

2,200

Cash at bank

3,122

7,136

682,902

564,896

CREDITORS

Amounts falling due within one year

7

7,581

218,252

NET CURRENT ASSETS

675,321

346,644

TOTAL ASSETS LESS CURRENT LIABILITIES

1,935,935

1,606,546

CREDITORS

Amounts falling due after more than
one year

8

(580,074

)

(242,698

)

PROVISIONS FOR LIABILITIES

(233,761

)

(233,761

)

NET ASSETS

1,122,100

1,130,087

CAPITAL AND RESERVES

Called up share capital

100

Fair value reserve

747,272

Retained earnings

374,728

382,715

SHAREHOLDERS' FUNDS

1,122,100

1,130,087

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 December 2025 and were signed by:

R R Belger - Director

1.	STATUTORY INFORMATION

Reinhard Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in British pounds and amounts are rounded to the nearest whole currency unit.

Turnover

Turnover represents rents receivable.

Tangible fixed assets

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

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

Plant and fixtures: 20% per annum reducing balance method

The gain or loss on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is credited or charged to profit or loss.

Investment property

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 at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

At each reporting period end date, the company reviews the carrying amounts if its tangible assets to determine whether there is any indication that those assets have suffered impairment loss. If such an indication exists, the recoverable amount of the asset is estimated in order to determine the amount of the impairment loss (if any). Where it is not possible to estimate the recoverable a mount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of the fair value less costs to sell and the value in use. In assessing value in use, the estimated future cashflows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but si that the increased carrying amount does not exceeded the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

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

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and liability simultaneously.

Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less and bank over drafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets

Basic financial assets, which include debtors and bank and cash 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.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the individual financial arrangements entered into. An equity instrument is any contract that evidences residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, in which case 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.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due in one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

15,910

Additions

1,040

At 31 March 2025

16,950

DEPRECIATION

At 1 April 2024

15,308

Charge for year

328

At 31 March 2025

15,636

NET BOOK VALUE

At 31 March 2025

1,314

At 31 March 2024

602

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

1,259,300

NET BOOK VALUE

At 31 March 2025

1,259,300

At 31 March 2024

1,259,300

The director has given careful consideration to the current value of the company's investment properties, which are valued by him by reference to the rent rolls and to market trends for the sale of similar properties locally.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

1,980

2,200

Other debtors

78,229

-

80,209

2,200

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

3

1

Other creditors

7,578

218,251

7,581

218,252

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

Bank loans

230,074

242,698

Other creditors

350,000

-

580,074

242,698

31.3.25

31.3.24

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loan

1

56,443

59,579

Bank loan 3

158,556

164,744

214,999

224,323

9.	SECURED DEBTS

Bank borrowings of £224,300 (2024: £233,623) are secured by a fixed charge against one of the company's freehold investment properties and by a floating charge against the company's undertaking.

Other borrowings of £350,000 are secured against a second freehold investment property.

The remaining borrowing of £5,775 (2024: £9,075) is unsecured.

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

R R Belger

Balance outstanding at start of year

(204,223

)

(165,324

)

Amounts advanced

747,678

61,316

Amounts repaid

(487,884

)

(100,215

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

55,571

(204,223

)

The outstanding balance, together with interest, was repaid on 16th December 2025.

11.	RELATED PARTY DISCLOSURES

The company has a term loan facility, provided by a company of which the director is a controlling shareholder. This facility is secured by a charge over freehold property. Interest is payable on monies drawn, at a commercial rate.

During the year, the company sold a package of part-complete building works to the director. The consideration was at market value.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is R R Belger.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2025 set out on pages two to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

D. A. Locke & Co, Chartered Accountants

Stoke Bruerne

Northamptonshire

NN12 7SF

23 December 2025