REGISTERED NUMBER: 00309938 (England and Wales)

Unaudited Financial Statements

for the Period 1 September 2024 to 31 March 2025

for

DENNIS REED LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr T Q Leigh

Lord Leigh of Hurley

Mr P Ledger

SECRETARY:

Lord Leigh of Hurley

REGISTERED OFFICE:

172 Greenford Road

Harrow

Middlesex

HA1 3QZ

REGISTERED NUMBER:

00309938 (England and Wales)

ACCOUNTANTS:

Thorne Lancaster Parker

5th Floor

Palladium House

1-4 Argyll Street

London

W1F 7TA

FIXED ASSETS

Property, plant and equipment

5

56,102

62,382

Investments

6

28,964

28,964

85,066

91,346

CURRENT ASSETS

Debtors

7

8,355,404

7,937,610

Cash at bank

9,896

14,307

8,365,300

7,951,917

CREDITORS

Amounts falling due within one year

8

(5,426,037

)

(5,021,680

)

NET CURRENT ASSETS

2,939,263

2,930,237

TOTAL ASSETS LESS CURRENT LIABILITIES

3,024,329

3,021,583

CAPITAL AND RESERVES

Called up share capital

10

50,000

50,000

Retained earnings

2,974,329

2,971,583

SHAREHOLDERS' FUNDS

3,024,329

3,021,583

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 November 2025 and were signed on its behalf by:

Mr T Q Leigh - Director

Lord Leigh of Hurley - Director

1.	STATUTORY INFORMATION

Dennis Reed Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover represents the total amount receivable, net of value added tax, for services provided in the ordinary course of business during the period.

Property, plant and equipment

Property, plant and equipment are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all property, plant and equipment, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows;

Plant and equipment

- 10% on reducing balance/33.33% on cost

Fixtures and fittings

- 25% on reducing balance

The carrying values of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Investments in associates

Investments in associate undertakings are recognised at cost.

Financial instruments

Basic financial assets

Trade and other debtors, amounts owed by related undertakings, cash and bank balances are initially recognised at transaction price and subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period basic financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Basic financial assets are derecognised when (a) the contractual rights to the cash flows from the assets expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Basic financial liabilities

Trade and other creditors, directors' current accounts and accruals are initially recognised at transaction price and subsequently carried at amortised cost, using the effective interest rate method.

Basic financial liabilities are derecognised when the contractual obligation is discharged, cancelled or expired.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Equity instrument

The ordinary share capital of the company is classified as equity and recorded at fair value of the cash or other resources received or receivable, net of direct costs of issuing the equity instruments.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investment property

Freehold investment properties are stated at cost less provision, where necessary, for permanent diminution in value. This is not in accordance with FRS102 1A which requires investment properties to be stated at their fair value or depreciated cost. No valuations have been carried out and accordingly it is not possible to quantify the effect on the net assets at the current or previous balance sheet date, or the effect on the total comprehensive income for the current or previous period.

Investments

Fixed asset investments are stated at cost less provision for any permanent diminution in value. For listed investments, market value is based on the closing middle market price on a recognised stock exchange.

UK dividends receivable are recognised on an accruals basis and are credited to the profit and loss account, net of attributable tax credits.

Cash and cash equivalents

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2024 - 2 ) .

5.	PROPERTY, PLANT AND EQUIPMENT

Investment

Plant &

Fixtures

properties

equipment

& fittings

Totals

£

£

£

£

COST

At 1 September 2024

and 31 March 2025

32,057

96,873

13,147

142,077

DEPRECIATION

At 1 September 2024

-

75,121

4,574

79,695

Charge for period

-

4,137

2,143

6,280

At 31 March 2025

-

79,258

6,717

85,975

NET BOOK VALUE

At 31 March 2025

32,057

17,615

6,430

56,102

At 31 August 2024

32,057

21,752

8,573

62,382

6.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 September 2024

and 31 March 2025

28,964

NET BOOK VALUE

At 31 March 2025

28,964

At 31 August 2024

28,964

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Associated companies

Dependable Properties Limited

Registered office:

Nature of business: Investment in property and land

%

Class of shares:

holding

Ordinary shares

40.00

31.3.25

31.8.24

£

£

Aggregate capital and reserves

4,272,443

4,205,066

Profit for the period/year

82,266

287,408

Dependable Homes Limited

Registered office:

Nature of business: Property development and trading, and investment

%

Class of shares:

holding

Ordinary shares

49.90

31.3.25

31.8.24

£

£

Aggregate capital and reserves

6,377,480

6,257,541

Profit for the period/year

151,676

272,005

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

93,868

76,747

Amounts owed by related undertakings

7,199,194

7,050,382

Other debtors

1,038,621

789,260

Prepayments and accrued income

23,721

21,221

8,355,404

7,937,610

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed to related undertakings

3,171,997

2,692,734

Amounts owed to associated undertakings

1,355,053

1,563,742

Corporation tax

13,201

10,277

Other creditors

885,786

754,927

5,426,037

5,021,680

9.	FINANCIAL INSTRUMENTS

The company has the following financial instruments:

2025

2024

£

£

- Trade debtors

93,868

76,747

- Amounts owed by related undertakings

7,199,194

7,050,382

- Other debtors

1,038,621

789,260

- Prepayments and accrued income

23,721

21,221

8,355,404

7,937,610

Financial liabilities measured at amortised cost:

2025

2024

£

£

- Amounts owed to related undertakings

3,171,997

2,692,734

- Amounts owed to associated undertakings

1,355,053

1,563,742

- Corporation tax

13,201

10,277

- Other creditors

885,786

754,927

5,426,037

5,021,680

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

50,000

Ordinary

£1

50,000

50,000

11.	RELATED PARTY DISCLOSURES

At the balance sheet date an amount of £691,175 (2024: £755,565) was owed to Dependable Homes Limited an associated undertakings. These balances are unsecured, interest-free and have no fixed repayment date.

At the balance sheet date an amount of £6,964,779 (2024: £6,957,485) was owed by Craig Properties 2012 LLC companies under common control. These balances are unsecured, interest-free and have no fixed repayment date.

At the balance sheet date an amount of £327,318 (2024: £242,096) was owed by Craig & Company (Properties) Limited companies under common control. These balances are unsecured, interest-free and have no fixed repayment date.

At the balance sheet date an amount of £158,955 (2024: £381,595) was owed to trusts in which H D Leigh and T Q Leigh, directors, are trustees. This amount is unsecured and has no fixed repayment date. Interest of £5,377 (2024: £9,740) was paid in the current period.

At the balance sheet date an amount of £50,000 (2024: £40,000) was owed to a partnership owned and controlled by T Q Leigh and H D Leigh, who are directors. This balance is unsecured, interest-free and has no fixed repayment date.

At the balance sheet date an amount of £663,878 (2024: £808,177) was owed to Dependable Properties Limited an associated undertakings. These balances are unsecured, interest-free and have no fixed repayment date.