Company registration number 04391611 (England and Wales)
REEDBED LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
REEDBED LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
REEDBED LIMITED
BALANCE SHEET
AS AT 31 MARCH 2026
31 March 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
4
762,703
785,615
Investment property
5
1,479,373
1,479,373
Investments
6
411,701
411,701
2,653,777
2,676,689
Current assets
Stocks
9,483
9,483
Debtors
7
31,530
55,423
Cash at bank and in hand
212,660
182,728
253,673
247,634
Creditors: amounts falling due within one year
8
(1,836,304)
(1,548,320)
Net current liabilities
(1,582,631)
(1,300,686)
Total assets less current liabilities
1,071,146
1,376,003
Creditors: amounts falling due after more than one year
9
-
0
(406,649)
Provisions for liabilities
(5,619)
(7,340)
Net assets
1,065,527
962,014
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
1,065,427
961,914
Total equity
1,065,527
962,014
REEDBED LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2026
31 March 2026
- 2 -

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 10 June 2026 and are signed on its behalf by:
Mr R G Hale
Director
Company registration number 04391611 (England and Wales)
REEDBED LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 3 -
1
Accounting policies
Company information

Reedbed Limited is a private company limited by shares incorporated in England and Wales. The registered office is Larksleaze Farm, Court Farm Road, Willsbridge, Bristol, BS30 9AE.

1.1
Basis of preparation

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 are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Revenue

Turnover represents amounts received for a licensed nightclub net of VAT.

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:

Freehold land and buildings
2% straightline
Plant and equipment
15% reducing balance
Motor vehicles
25% reducing balance

The gain or loss arising 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.

1.4
Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

1.5
Fixed asset investments

Investments in subsidiary undertakings are recognised at cost.

1.6
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

1.7
Taxation

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

REEDBED LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 4 -
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.

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.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

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

2026
2025
Number
Number
Total
12
15
REEDBED LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 5 -
4
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2025 and 31 March 2026
780,555
46,123
44,055
870,733
Depreciation and impairment
At 1 April 2025
31,222
28,426
25,470
85,118
Depreciation charged in the year
15,611
2,654
4,647
22,912
At 31 March 2026
46,833
31,080
30,117
108,030
Carrying amount
At 31 March 2026
733,722
15,043
13,938
762,703
At 31 March 2025
749,333
17,697
18,585
785,615
5
Investment property
2026
£
Fair value
At 1 April 2025 and 31 March 2026
1,479,373
6
Fixed asset investments
2026
2025
£
£
Shares in group undertakings and participating interests
411,701
411,701
7
Debtors
2026
2025
Amounts falling due within one year:
£
£
Other debtors
31,530
55,423
REEDBED LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 6 -
8
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans
305,262
208,971
Trade creditors
2,523
4,061
Amounts owed to group undertakings
1,371,103
1,221,103
Corporation tax
72,680
49,321
Other taxation and social security
10,411
2,160
Other creditors
74,325
62,704
1,836,304
1,548,320
9
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans and overdrafts
-
0
406,649

The Avonco loan is secured against the company property 4 Broad Quay.

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