REUS HOLDINGS LIMITED


Director	Marc Paul Tan


Registered Address	New Burlington House
	1075 Finchley Road
	London
	NW11 0PU


Registered Number	10883950 (England and Wales)

Balance Sheet as at
31 July 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Investment property	3		18,400,000		18,400,000
			18,400,000		18,400,000
Current assets
Debtors	4	2,824,349		1,264,086
Cash at bank and on hand		54		866
		2,824,403		1,264,952
Creditors amounts falling due within one year	5	(517,145)		(528,960)
Net current assets (liabilities)			2,307,258		735,992
Total assets less current liabilities			20,707,258		19,135,992
Creditors amounts falling due after one year	6		(10,839,349)		(9,142,192)
Provisions for liabilities	7		(1,980,000)		(1,980,000)
Net assets			7,887,909		8,013,800
Capital and reserves
Called up share capital			100		100
Profit and loss account			7,887,809		8,013,700
Shareholders' funds			7,887,909		8,013,800

The company was entitled to exemption from audit for this reporting period 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 11 May 2026, and are signed on its behalf by:

Marc Paul Tan
Director
Registered Company No. 10883950

REUS HOLDINGS LIMITED

Notes to the Financial Statements
for the year ended 31 July 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares, registered in England and Wales. The address of the registered office is New Burlington House, 1075 Finchley Road, London, NW11 0PU.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Basis of preparation
	The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

	Going concern
	The financial statements have been prepared in accordance with the accounting principles appropriate to a going concern, notwithstanding the company's net current liabilities, which the director believes to be appropriate because the company has a committed bank facility to cover its working capital requirements while developing its investment property and the parent undertaking has agreed not to seek repayment of its loan until the company has sufficient funds to do so.

Going concern

The financial statements have been prepared in accordance with the accounting principles appropriate to a going concern, notwithstanding the company's net current liabilities, which the director believes to be appropriate because the company has a committed bank facility to cover its working capital requirements
while developing its investment property and the parent undertaking has agreed not to seek repayment of its loan until the company has sufficient funds
to do so.

	Turnover policy
	The turnover shown in the profit and loss account represents amounts invoiced during the year.

	Deferred tax
	The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Deferred tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

	Investment property
	Investment properties are properties which are held either to earn rental income or for capital appreciation or for both. Investment properties are recognised initially at cost. Subsequent to initial recognition - i. Investment properties whose fair value can be measured reliably without undue cost or effort are held at fair value. Any gains or losses arising from changes in the fair value are recognised in the profit and loss account in the period that they arise; and ii. No depreciation is provided in respect of investment properties applying the fair value model. The cost of investment property includes all purchase and development costs and finance costs relating to the development stage of the property. Investment property fair value is determined by the director based on recent professional valuations and his understanding of property market conditions and the specific properties concerned using a sales valuation approach, derived from recent comparable transactions on the market, adjusted by applying discounts to reflect status of occupation and condition. Acquisitions and disposals of properties Acquisitions and disposals are considered to have taken place at the date of legal completion and are included in the financial statements accordingly.

Investment property

Investment properties are properties which are held either to earn rental income or for capital appreciation or for both. Investment properties are recognised initially at cost.

Subsequent to initial recognition -
i. Investment properties whose fair value can be measured reliably without undue cost or effort are held at fair value. Any gains or losses arising from changes in the fair value are recognised in the profit and loss account in the period that they arise; and
ii. No depreciation is provided in respect of investment properties applying the fair value model.

The cost of investment property includes all purchase and development costs and finance costs relating to the development stage of the property. Investment property fair value is determined by the director based on recent professional valuations and his understanding of property market conditions and the specific
properties concerned using a sales valuation approach, derived from recent comparable transactions on the market, adjusted by applying discounts to reflect status of occupation and condition.

Acquisitions and disposals of properties

Acquisitions and disposals are considered to have taken place at the date of legal completion and are included in the financial statements accordingly.

	Financial instruments
	A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Investment property
	The company's investment property was valued by the director at 31 July 2025 based on a professional valuation carried out on behalf of the Company's lender during previous periods and on his understanding of property market conditions and the specific property concerned. Residential properties are valued using a sales valuation approach, derived from recent comparable transactions on the market, adjusted by applying discounts to reflect status of occupation and condition. The historical cost of the property is £8,025,136.

Investment property

The company's investment property was valued by the director at 31 July 2025 based on a professional valuation carried out on behalf of the Company's lender during previous periods and on his understanding of property market conditions and the specific property concerned. Residential properties are valued using a sales valuation approach, derived from recent comparable transactions on the market, adjusted by applying discounts to reflect status of occupation and condition.

The historical cost of the property is £8,025,136.


		£
	Fair value at 01 August 24	18,400,000
	At 31 July 25	18,400,000

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	19,065	6,950
Other debtors	2,801,396	1,245,136
Prepayments and accrued income	3,888	12,000
Total	2,824,349	1,264,086

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	39,558	52,234
Other creditors	411,801	415,105
Accrued liabilities and deferred income	65,786	61,621
Total	517,145	528,960

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	10,839,349	9,142,192
Total	10,839,349	9,142,192

7.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	1,980,000	1,980,000
Total	1,980,000	1,980,000

8.	Related party transactions
	Included in other debtors is an amount of £2,334,323 (2024: £636,681) due from companies which have a director in common with this company. Included in other creditors is an amount of £14,576 (2024: £14,576) due to companies which have a director in common with this company.