The Reynolds Group Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03869342

The Reynolds Group Limited

Filleted Abridged Financial Statements

30 November 2024

The Reynolds Group Limited

Abridged Statement of Financial Position

30 November 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	5	141,350	123,226
Investments	6	100	300
		---------	---------
		141,450	123,526

Current assets

Debtors	316,711	341,000
Cash at bank and in hand	36,297	44,511
	---------	---------
	353,008	385,511

Creditors: amounts falling due within one year	145,747	186,069
	---------	---------
Net current assets	207,261	199,442
	---------	---------
Total assets less current liabilities	348,711	322,968

Creditors: amounts falling due after more than one year	5,023	15,141

Provisions	33,343	21,158
	---------	---------
Net assets	310,345	286,669
	---------	---------

Capital and reserves

Called up share capital	101	101
Profit and loss account	310,244	286,568
	---------	---------
Shareholder funds	310,345	286,669
	---------	---------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of abridged financial statements.

All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the year ending 30 November 2024 in accordance with Section 444(2A) of the Companies Act 2006.

The Reynolds Group Limited

Abridged Statement of Financial Position (continued)

30 November 2024

These abridged financial statements were approved by the board of directors and authorised for issue on 28 November 2025 , and are signed on behalf of the board by:

E Hall

Director

Company registration number: 03869342

The Reynolds Group Limited

Notes to the Abridged Financial Statements

Year ended 30 November 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Reynolds Retreat Quarry Hill Road, Borough Green, Sevenoaks, TN15 8RQ.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The abridged financial statements have been prepared on the historical cost basis. The abridged financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Revenue is measured at the fair value of the consideration received or receivable and is recognised only when it is probable that the economic benefits will flow to the company and the amount of revenue can be measured reliably. Student loan receipts are recognised initially on the balance sheet and then each month when the education is taking place and released to the profit and loss account. Where student loan income relates to courses or services extending beyond the financial year end, the appropriate proportion is deferred and recognised over the period in which the related tuition or service is provided. Studio hire income is recognised in the period to which it relates. Where hire periods cover a period extending beyond the financial year end, the portion of income relating to future periods is deferred and recognised in those periods. Day courses are booked in advance, the income is recognised in deferred income until the date of the booking, where the income is then released to the profit and loss account.

Income 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.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Short leasehold property	-	Straight line over 25 years
Plant and machinery	-	20% straight line
Fixtures and fittings	-	20% reducing balance
Equipment	-	20% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in subsidiaries accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 19 (2023: 25 ).

5. Tangible assets

	£
Cost
At 1 December 2023	287,801
Additions	33,184
	---------
At 30 November 2024	320,985
	---------
Depreciation
At 1 December 2023	164,575
Charge for the year	15,060
	---------
At 30 November 2024	179,635
	---------
Carrying amount
At 30 November 2024	141,350
	---------
At 30 November 2023	123,226
	---------

6. Investments

	Shares in group undertakings
	£
Cost
At 1 December 2023 and 30 November 2024	300
	----
Impairment
At 1 December 2023	–
Disposals	200
	----
At 30 November 2024	200
	----

Carrying amount
At 30 November 2024	100
	----
At 30 November 2023	300
	----

Subsidiaries, associates and other investments

	Class of share	Percentage of shares held
Subsidiary undertakings
Reynolds Fitness Spa's Limited	Ordinary shares	100

7. Securities

HSBC UK holds a debenture comprising of : (i) a fixed charge over all present freehold and leasehold property; (ii) a first fixed charge over book and other debts, chattels, goodwill and uncalled capital, both present and future; and (iii) a first floating charge over all assets and undertakings, present and future dated 31 July 2013.

The company is party to a Composite Unlimited Multilateral Guarantee dated 31 July 2013, provided jointly by Reynolds Fitness Spas Limited and The Reynolds Group Limited to HSBC UK.

8. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2024	2023
	£	£
Not later than 1 year	177,700	177,700
Later than 1 year and not later than 5 years	77,409	255,109
	---------	---------
	255,109	432,809
	---------	---------

9. Summary audit opinion

The auditor's report dated 28 November 2025 was unqualified .

The senior statutory auditor was Sally Meah , for and on behalf of TC Group .

10. Related party transactions

As a wholly owned subsidiary, the company is exempt from the requirements of FRS 102 Section 33: Related Party Transactions, to disclose transactions with entities that are wholly owned within the same group.

11. Controlling party

The company's ultimate parent company is 8567 Limited, a company registered in England & Wales. At the balance sheet date, RE Holdings Limited owned 50.10% of the ordinary shares of 8567 Limited which in turn holds 100% of the share capital of the company, and is therefore considered to be the ultimate controlling party. 8567 Limited holds 100% of the shares of The Reynolds Group Limited and therefore 8567 Limited is the immediate parent company. The parent undertaking of the largest group, which includes the company and for which group accounts are prepared, is 8567 Limited. Copies of the consolidated group financial statements of 8567 Limited are available from Companies House.