REGISTERED NUMBER: 04205286 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Rees-Davies Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E Rees-Davies

M Rees-Davies

SECRETARY:

E Rees-Davies

REGISTERED OFFICE:

20a High Street

Glastonbury

Somerset

BA6 9DU

REGISTERED NUMBER:

04205286 (England and Wales)

ACCOUNTANTS:

Edward Howells Associates Limited

Chartered Certified Accountants

20a High Street

Glastonbury

Somerset

BA6 9DU

FIXED ASSETS

Tangible assets

4

774,373

775,664

CURRENT ASSETS

Debtors

5

3,069

32,596

Cash at bank

7,348

17,028

10,417

49,624

CREDITORS

Amounts falling due within one year

6

56,077

11,808

NET CURRENT (LIABILITIES)/ASSETS

(45,660

)

37,816

TOTAL ASSETS LESS CURRENT LIABILITIES

728,713

813,480

CREDITORS

Amounts falling due after more than one year

7

(514,060

)

(517,060

)

PROVISIONS FOR LIABILITIES

(34,210

)

(34,210

)

NET ASSETS

180,443

262,210

CAPITAL AND RESERVES

Called up share capital

150

150

Undistributable reserves

9

284,861

284,861

Capital redemption reserve

150

150

Retained earnings

(104,718

)

(22,951

)

SHAREHOLDERS' FUNDS

180,443

262,210

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2025 and were signed on its behalf by:

E Rees-Davies - Director

1.	STATUTORY INFORMATION

Rees-Davies Properties 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.	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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST OR VALUATION

At 1 April 2024

759,681

24,875

784,556

Additions

-

1,416

1,416

Disposals

-

(1,064

)

(1,064

)

At 31 March 2025

759,681

25,227

784,908

DEPRECIATION

At 1 April 2024

-

8,892

8,892

Charge for year

-

2,396

2,396

Eliminated on disposal

-

(753

)

(753

)

At 31 March 2025

-

10,535

10,535

NET BOOK VALUE

At 31 March 2025

759,681

14,692

774,373

At 31 March 2024

759,681

15,983

775,664

Cost or valuation at 31 March 2025 is represented by:

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

Valuation in 2015

294,071

-

294,071

Valuation in 2016

75,000

-

75,000

Valuation in 2018

(70,000

)

-

(70,000

)

Valuation in 2021

20,000

-

20,000

Cost

440,610

25,227

465,837

759,681

25,227

784,908

If the land and buildings had not been revalued they would have been included at the following historical cost:

31.3.25

31.3.24

£

£

Cost

440,610

440,610

Land and buildings were valued on an open market basis on 31 March 2025 by the directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Directors' current accounts

-

31,333

VAT

1,806

-

Other debtors

1,263

1,263

3,069

32,596

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

3,000

3,000

VAT

-

2,384

Rents in advance

7,908

4,750

Directors' current accounts

42,895

-

Accrued expenses

2,274

1,674

56,077

11,808

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

1,500

4,500

Mortgage loan

512,560

512,560

514,060

517,060

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Mortgage loan

512,560

512,560

The following items are provided as security for the above items:

All the company's freehold property.

Personal guarantee's from the directors, limited to £50000 each.

Mortgage debenture in the bank's standard form.

9.

RESERVES

Undistributable

reserves

£

At 1 April 2024

and 31 March 2025

284,861

The undistributable reserve relates to the investment property revaluations less the provision for tax, which are not available for the purpose of dividend distributions.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

E Rees-Davies and M Rees-Davies

Balance outstanding at start of year

31,333

7,311

Amounts advanced

-

24,022

Amounts repaid

(74,228

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(42,895

)

31,333