The paper studies modular reduction techniques for abstract regular and chiral polytopes, with two purposes in mind:\ first, to survey the literature about modular reduction in polytopes; and second, to apply modular reduction, with moduli given by primes in $\mathbb{Z}[\tau]$ (with $\tau$ the golden ratio), to construct new regular $4$-polytopes of hyperbolic types $\{3,5,3\}$ and $\{5,3,5\}$ with automorphism groups given by finite orthogonal groups.