REGISTERED NUMBER: 00551193 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

R.T.PAGE & SONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D A Page

R C Page

N W Tree

T A Page

S Barker

SECRETARY:

T A Page

REGISTERED OFFICE:

Unit R

Rudford Industrial Estate

Ford Road

Ford

West Sussex

BN18 0BF

REGISTERED NUMBER:

00551193 (England and Wales)

ACCOUNTANTS:

Lewis Brownlee (Chichester) Limited

Chartered Accountants

Appledram Barns

Birdham Road

Chichester

West Sussex

PO20 7EQ

FIXED ASSETS

Tangible assets

4

5,704,882

6,632,956

CURRENT ASSETS

Debtors

5

1,006,026

949,659

Cash at bank and in hand

338,349

387,234

1,344,375

1,336,893

CREDITORS

Amounts falling due within one year

6

1,690,802

1,933,416

NET CURRENT LIABILITIES

(346,427

)

(596,523

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,358,455

6,036,433

CREDITORS

Amounts falling due after more than one year

7

(1,316

)

(11,506

)

PROVISIONS FOR LIABILITIES

10

(270,362

)

(544,157

)

NET ASSETS

5,086,777

5,480,770

CAPITAL AND RESERVES

Called up share capital

7,000

7,000

Share premium

195,000

195,000

Revaluation reserve

3,311,949

3,932,552

Capital redemption reserve

1,000

1,000

Retained earnings

1,571,828

1,345,218

SHAREHOLDERS' FUNDS

5,086,777

5,480,770

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2025 and were signed on its behalf by:

R C Page - Director

1.	STATUTORY INFORMATION

R.T.Page & Sons Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 00551193 and the registered office address is Unit R, Rudford Industrial Estate, Ford Road, Ford, West Sussex, BN18 0BF.

The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £1.

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 as modified by the revaluation of certain assets.

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

- the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Plant and machinery

-

at varying rates on cost

Motor vehicles

-

20% on cost

Computer equipment

-

20% - 33% on cost

Freehold property is initially measured at cost and is subsequently revalued at fair value. Land is not depreciated.

The directors believe the residual value of the freehold property is so high that they believe it is reasonable to reset the 50 years useful life of the asset at each revaluation period.

Financial instruments

Financial instruments are classified by the director as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method, unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

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.

Employee benefits

The costs of short term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2024 - 41 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST OR VALUATION

At 1 May 2024

6,670,989

274,554

304,486

72,769

7,322,798

Additions

-

6,425

-

1,180

7,605

Disposals

-

-

-

(26,276

)

(26,276

)

Revaluations

(1,070,989

)

-

-

-

(1,070,989

)

At 30 April 2025

5,600,000

280,979

304,486

47,673

6,233,138

DEPRECIATION

At 1 May 2024

187,886

227,557

208,374

66,025

689,842

Charge for year

-

10,710

37,197

4,669

52,576

Eliminated on disposal

-

-

-

(26,276

)

(26,276

)

Revaluation adjustments

(187,886

)

-

-

-

(187,886

)

At 30 April 2025

-

238,267

245,571

44,418

528,256

NET BOOK VALUE

At 30 April 2025

5,600,000

42,712

58,915

3,255

5,704,882

At 30 April 2024

6,483,103

46,997

96,112

6,744

6,632,956

Included in cost or valuation of land and buildings is freehold land of £ 1,704,951 (2024 - £ 1,973,817 ) which is not depreciated.

Cost or valuation at 30 April 2025 is represented by:

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

Valuation in 1997

22,949

-

-

-

22,949

Valuation in 1999

72,899

-

-

-

72,899

Valuation in 2001

224,414

-

-

-

224,414

Valuation in 2007

561,587

-

-

-

561,587

Valuation in 2012

(287,598

)

-

-

-

(287,598

)

Valuation in 2016

828,000

-

-

-

828,000

Valuation in 2022

2,904,912

-

-

-

2,904,912

Valuation in 2025

(1,070,989

)

-

-

-

(1,070,989

)

Cost

2,343,826

280,979

304,486

47,673

2,976,964

5,600,000

280,979

304,486

47,673

6,233,138

If freehold property had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

2,343,826

2,343,826

Aggregate depreciation

616,795

616,795

Freehold land and buildings were valued on an open market basis on 13 June 2024 by Flude Property Consultants .

The directors believe that there is no material difference in the valuation as at 30 April 2025.

An estimated tax liability of £238,832 would arise if the freehold property had been sold at the balance sheet date for its carrying amount under the revaluation model. This has been provided for within the deferred tax provision.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

836,420

778,551

Other debtors

169,606

171,108

1,006,026

949,659

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts (see note 8)

-

28,818

Trade creditors

509,988

569,374

Taxation and social security

226,668

175,183

Other creditors

944,146

1,150,041

1,690,802

1,933,416

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,316

11,506

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

-

28,818

Non-cancellable

operating leases

2025

2024

£

£

Within one year

15,993

15,993

Between one and five years

57,309

63,973

In more than five years

-

9,329

73,302

89,295

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

-

28,818

Other creditors

900,000

1,107,100

900,000

1,135,918

Other creditors are secured on land and property owned by the company. This is repayable on demand with 7% (2024: 5%) interest charged per annum on the principal sum.

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

270,362

544,157

Deferred

tax

£

Balance at 1 May 2024

544,157

Revaluation of property

(262,500

)

Accelerated capital allowances

(11,295

)

Balance at 30 April 2025

270,362

11.	RELATED PARTY DISCLOSURES

During the year administrative costs of £3,018 (2014 : £2,772) were settled in respect of a pension scheme and interest was charged at £nil (2024 : credit of £10,292). A director is connected with the pension scheme.