REGISTERED NUMBER: 03376780 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

RHONDDA INDUSTRIAL ESTATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P S Ashby

M W N Graham

SECRETARY:

A Ashby

REGISTERED OFFICE:

Densham Farmhouse

Bishops Down

Sherborne

Dorset

DT9 5PN

REGISTERED NUMBER:

03376780 (England and Wales)

ACCOUNTANTS:

Cresswells

12 Market Street

Hebden Bridge

West Yorkshire

HX7 6AD

FIXED ASSETS

Tangible assets

4

11,111

15,959

Investment property

5

850,000

850,000

861,111

865,959

CURRENT ASSETS

Debtors

6

49,822

32,000

Cash at bank and in hand

15,685

49,040

65,507

81,040

CREDITORS

Amounts falling due within one year

7

82,293

74,273

NET CURRENT (LIABILITIES)/ASSETS

(16,786

)

6,767

TOTAL ASSETS LESS CURRENT LIABILITIES

844,325

872,726

PROVISIONS FOR LIABILITIES

8

78,036

78,291

NET ASSETS

766,289

794,435

CAPITAL AND RESERVES

Called up share capital

9

102

102

Fair value reserve

10

463,854

463,854

Retained earnings

302,333

330,479

SHAREHOLDERS' FUNDS

766,289

794,435

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3rd September 2025 and were signed on its behalf by:

P S Ashby - Director

1.	STATUTORY INFORMATION

Rhondda Industrial Estates 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover represents rents receivable excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

over 5 years

Motor vehicles

-

over 5 years

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.

Taxation

Taxation for the year 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1st January 2024

and 31st December 2024

6,349

24,240

30,589

DEPRECIATION

At 1st January 2024

6,348

8,282

14,630

Charge for year

-

4,848

4,848

At 31st December 2024

6,348

13,130

19,478

NET BOOK VALUE

At 31st December 2024

1

11,110

11,111

At 31st December 2023

1

15,958

15,959

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Motor

vehicles

£

COST

At 1st January 2024

and 31st December 2024

24,240

DEPRECIATION

At 1st January 2024

8,282

Charge for year

4,848

At 31st December 2024

13,130

NET BOOK VALUE

At 31st December 2024

11,110

At 31st December 2023

15,958

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st January 2024

and 31st December 2024

850,000

NET BOOK VALUE

At 31st December 2024

850,000

At 31st December 2023

850,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

38,545

19,649

Prepayments and accrued income

11,277

12,351

49,822

32,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

46,212

41,638

Tax

18,770

21,982

VAT

11,728

6,587

Directors' current accounts

1,783

516

Accrued expenses

3,800

3,550

82,293

74,273

8.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

78,036

78,291

Deferred

tax

£

Balance at 1st January 2024

78,291

Provided during year

(255

)

Change of rate

Balance at 31st December 2024

78,036

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

102

Ordinary

£1

102

102

10.

RESERVES

Fair

value

reserve

£

At 1st January 2024

and 31st December 2024

463,854