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Company Registration No. 03532355 (England and Wales)
REED CONSTRUCTION & DEVELOPMENTS LIMITED Unaudited accounts for the period from 1 May 2024 to 31 March 2025
REED CONSTRUCTION & DEVELOPMENTS LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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REED CONSTRUCTION & DEVELOPMENTS LIMITED Company Information for the period from 1 May 2024 to 31 March 2025
Director
C M Reed
Secretary
H D Martin
Company Number
03532355 (England and Wales)
Registered Office
106 HIGH STREET HIGH STREET CREDITON DEVON EX17 3LF ENGLAND
Accountants
H W Martin & Co LLP Lloyds Bank Chambers High Street Crediton Devon EX17 3AH
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REED CONSTRUCTION & DEVELOPMENTS LIMITED Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
5
86,047
86,863
Investment property
6
4,724,734
4,167,034
Investments
7
3,513,903
4,053,845
8,324,684
8,307,742
Current assets
Inventories
1,440,931
1,440,931
Debtors
8
370,410
377,874
Cash at bank and in hand
36,016
69,659
1,847,357
1,888,464
Creditors: amounts falling due within one year
9
(1,007,351)
(421,376)
Net current assets
840,006
1,467,088
Total assets less current liabilities
9,164,690
9,774,830
Creditors: amounts falling due after more than one year
10
(6,154,055)
(6,958,897)
Net assets
3,010,635
2,815,933
Capital and reserves
Called up share capital
100
100
Profit and loss account
3,010,535
2,815,833
Shareholders' funds
3,010,635
2,815,933
For the period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 January 2026 and were signed on its behalf by
C M Reed Director Company Registration No. 03532355
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REED CONSTRUCTION & DEVELOPMENTS LIMITED Notes to the Accounts for the period from 1 May 2024 to 31 March 2025
1
Statutory information
REED CONSTRUCTION & DEVELOPMENTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03532355. The registered office is 106 HIGH STREET, HIGH STREET, CREDITON, DEVON, EX17 3LF, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the amounts receivable for the properties sold and services rendered during the year, including incidental rental income received on properties held in stock, net of value added tax. Turnover is recognised when the right to consideration has arisen through performance under each contract. Consideration accrues as the contract progresses by reference to the value of work performed. Turnover is not recognised where the right to receive payment is contingent on events outside the control of the company.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% straight line
Stock
Stock and work in progress are valued at the lower of cost, plus a proportion of overheads where applicable, and net realisable value. Net realisable value is based on anticipated selling price less costs to completion and selling costs.
Investment property
Certain of the company's properties are held for long-term investment. Investment properties are carried in the balance sheet at fair value. The surplus or deficit on revaluation is transferred to the revaluation reserve and reports through the statement of total recognised gains and losses. If a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, then it will be charged to the profit and loss account for the year.
Fixed asset Investments
Fixed asset investments are stated at historical cost less provision for any diminution in value.
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REED CONSTRUCTION & DEVELOPMENTS LIMITED Notes to the Accounts for the period from 1 May 2024 to 31 March 2025
Leasing and hire purchase commitments
Rentals paid under operating leases are charged to income on a straight-line basis over the lease term.
4
Intangible fixed assets
Goodwill
£
Cost
At 1 May 2024
41,500
At 31 March 2025
41,500
Amortisation
At 1 May 2024
41,500
At 31 March 2025
41,500
Net book value
At 31 March 2025
-
5
Tangible fixed assets
Land & buildings
Plant & machinery
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 May 2024
89,388
16,744
106,132
At 31 March 2025
89,388
16,744
106,132
Depreciation
At 1 May 2024
6,604
12,665
19,269
Charge for the period
-
816
816
At 31 March 2025
6,604
13,481
20,085
Net book value
At 31 March 2025
82,784
3,263
86,047
At 30 April 2024
82,784
4,079
86,863
6
Investment property
2025
£
Fair value at 1 May 2024
4,167,034
Additions
557,700
At 31 March 2025
4,724,734
7
Investments
Other investments
£
Valuation at 1 May 2024
4,053,845
Additions
237,275
Disposals
(777,217)
Valuation at 31 March 2025
3,513,903
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REED CONSTRUCTION & DEVELOPMENTS LIMITED Notes to the Accounts for the period from 1 May 2024 to 31 March 2025
8
Debtors
2025
2024
£
£
Amounts falling due within one year
Other debtors
370,410
377,874
9
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
811,193
135,589
Trade creditors
-
5,243
Taxes and social security
75,096
142,429
Other creditors
121,062
138,115
1,007,351
421,376
10
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
6,154,055
6,958,897
Secured other loans totalling £1,409,794 (2022 £1,409,794) are secured by legal charges on the properties owned by Kingdom Properties, a partnership owned by the Company and its director, Mr C Reed.
11
Average number of employees
During the period the average number of employees was 2 (2024: 2).
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