Company Registration No. 03532355 (England and Wales)
REED CONSTRUCTION & DEVELOPMENTS LIMITED
Unaudited accounts
for the year ended 31 March 2026
REED CONSTRUCTION & DEVELOPMENTS LIMITED
Unaudited accounts
Contents
REED CONSTRUCTION & DEVELOPMENTS LIMITED
Company Information
for the year ended 31 March 2026
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
REED CONSTRUCTION & DEVELOPMENTS LIMITED
Statement of financial position
as at 31 March 2026
Tangible assets
85,394
86,047
Investment property
5,300,899
4,724,734
Investments
3,543,379
3,510,152
Inventories
1,440,931
1,440,931
Cash at bank and in hand
40,135
36,016
Creditors: amounts falling due within one year
(1,345,107)
(1,007,351)
Net current assets
519,417
843,757
Total assets less current liabilities
9,449,089
9,164,690
Creditors: amounts falling due after more than one year
(6,252,390)
(6,154,055)
Net assets
3,196,699
3,010,635
Called up share capital
100
100
Profit and loss account
3,196,599
3,010,535
Shareholders' funds
3,196,699
3,010,635
For the year ending 31 March 2026 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 6 October 2026 and were signed on its behalf by
C M Reed
Director
Company Registration No. 03532355
REED CONSTRUCTION & DEVELOPMENTS LIMITED
Notes to the Accounts
for the year ended 31 March 2026
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
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 are stated at historical cost less provision for any diminution in value.
REED CONSTRUCTION & DEVELOPMENTS LIMITED
Notes to the Accounts
for the year ended 31 March 2026
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
5
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 April 2025
89,388
16,744
106,132
At 31 March 2026
89,388
16,744
106,132
At 1 April 2025
6,604
13,481
20,085
Charge for the year
-
653
653
At 31 March 2026
6,604
14,134
20,738
At 31 March 2026
82,784
2,610
85,394
At 31 March 2025
82,784
3,263
86,047
Fair value at 1 April 2025
4,724,734
At 31 March 2026
5,300,899
7
Investments
Other investments
Valuation at 1 April 2025
3,510,152
Valuation at 31 March 2026
3,543,379
REED CONSTRUCTION & DEVELOPMENTS LIMITED
Notes to the Accounts
for the year ended 31 March 2026
Amounts falling due within one year
Other debtors
383,458
374,161
9
Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
604,278
811,193
Taxes and social security
63,833
75,096
Other creditors
81,996
121,062
Loans from directors
595,000
-
10
Creditors: amounts falling due after more than one year
2026
2025
Bank loans
6,252,390
6,154,055
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 year the average number of employees was 2 (2025: 2).