Company registration number 10446375 (England and Wales)
REACH OUT PROPERTY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
REACH OUT PROPERTY LIMITED
COMPANY INFORMATION
Directors
Mr M K Bull
Mrs I Bull
Company number
10446375
Registered office
Brier Wood
School Lane
Frenchay
Bristol
BS16 1EZ
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
The Co-operative Bank Plc
PO Box 101
1 Balloon Street
Manchester
M60 4EP
REACH OUT PROPERTY LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
REACH OUT PROPERTY LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF REACH OUT PROPERTY LIMITED FOR THE PERIOD ENDED 30 JUNE 2025
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Reach Out Property Limited for the period ended 30 June 2025 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the b oard of d irectors of Reach Out Property Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Reach Out Property Limited and state those matters that we have agreed to state to the b oard of d irectors of Reach Out Property Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Reach Out Property Limited and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that Reach Out Property Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Reach Out Property Limited. You consider that Reach Out Property Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Reach Out Property Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

Ormerod Rutter Limited
17 November 2025
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
REACH OUT PROPERTY LIMITED
BALANCE SHEET
AS AT
30 JUNE 2025
30 June 2025
- 2 -
30 June 2025
31 October 2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
20,601
25,595
Investment property
4
1,704,797
1,557,827
1,725,398
1,583,422
Current assets
Debtors
5
34,637
17,026
Cash at bank and in hand
50,537
37,685
85,174
54,711
Creditors: amounts falling due within one year
6
(300,166)
(255,042)
Net current liabilities
(214,992)
(200,331)
Total assets less current liabilities
1,510,406
1,383,091
Creditors: amounts falling due after more than one year
7
(1,216,663)
(1,206,996)
Provisions for liabilities
9
(87,110)
(43,682)
Net assets
206,633
132,413
Capital and reserves
Called up share capital
10
2
2
Non-distributable profits reserve
13
160,820
74,598
Distributable profit and loss reserves
45,811
57,813
Total equity
206,633
132,413

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 period ended 30 June 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 period 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.

REACH OUT PROPERTY LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2025
30 June 2025
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 17 November 2025 and are signed on its behalf by:
Mr M K Bull
Mrs I Bull
Director
Director
Company registration number 10446375 (England and Wales)
REACH OUT PROPERTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2025
- 4 -
1
Accounting policies
Company information

Reach Out Property Limited is a private company limited by shares incorporated in England and Wales. The registered office is Brier Wood, School Lane, Frenchay, Bristol, BS16 1EZ.

1.1
Accounting convention

These financial statements have been prepared in accordance with 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 have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for rents pro vided in the normal course of business. The fair value of consideration takes into account any lease premiums or rent free periods, which are recognised on a straight line basis over the lease term.

Revenue from the provision of property rental is recognised by reference to the period of its occupancy and where the amount of rent can be measured reliably.

1.3
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 values over their useful lives on the following bases:

Fixtures and fittings
15% on reducing balance
Computer equipment
33% on cost
Motor vehicles
25% on reducing balance
1.4
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 a t the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

REACH OUT PROPERTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

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

2025
2024
Number
Number
Total
2
2
3
Tangible fixed assets
Fixtures and fittings
Computer equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 November 2024
15,990
2,265
22,950
41,205
Additions
-
0
849
-
0
849
At 30 June 2025
15,990
3,114
22,950
42,054
Depreciation and impairment
At 1 November 2024
7,611
2,261
5,738
15,610
Depreciation charged in the period
1,257
283
4,303
5,843
At 30 June 2025
8,868
2,544
10,041
21,453
Carrying amount
At 30 June 2025
7,122
570
12,909
20,601
At 31 October 2024
8,379
4
17,212
25,595
REACH OUT PROPERTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2025
- 6 -
4
Investment property
2025
£
Fair value
At 1 November 2024
1,557,827
Additions
24,639
Revaluations
122,331
At 30 June 2025
1,704,797

The director s consider the revaluation as reflective of the market value at the period end.

5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
12,370
9,266
Other debtors
22,267
7,760
34,637
17,026
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
244
40
Amounts owed to group undertakings
258,411
230,107
Taxation and social security
-
0
778
Other creditors
41,511
24,117
300,166
255,042
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
1,216,663
1,206,996
8
Secured debts
The following secured debts are included within creditors:
2025
2024
£
£
Bank loans
1,216,663
1,206,996
Bank loans are secured against the property to which they relate.
REACH OUT PROPERTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2025
- 7 -
9
Provisions for liabilities
2025
2024
£
£
Deferred tax liabilities
87,110
43,682
10
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
2
2
2
2
11
Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

12
Control

Ultimate parent company

The ultimate parent company is Quadrant 2 Holdings Limited, a company registered in England and Wales.

Ultimate controlling party

The ultimate controlling party is Mr M K Bull and Mrs I Bull by virtue of their controlling interest in the ultimate parent company.

13
Non-distributable profits reserve
2025
2024
£
£
At the beginning of the period
74,598
74,598
Non distributable profits in the period
86,222
-
At the end of the period
160,820
74,598
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