REGISTERED NUMBER: 05944687 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Rural City Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Robinson

T P Robinson

P.A. Robinson

SECRETARY:

P.A. Robinson

REGISTERED OFFICE:

The Old Bank

470, London Road

Westcliff-on-Sea

Essex

SS0 9LD

REGISTERED NUMBER:

05944687 (England and Wales)

ACCOUNTANTS:

Anser Solutions!

Chartered Accountants

Suite 1

19 Aviation Way

Southend Airport

Southend on Sea

Essex

SS2 6UN

FIXED ASSETS

Tangible assets

3

36,376

51,966

Investments

4

1

13,066

Investment property

5

5,580,230

5,109,795

5,616,607

5,174,827

CURRENT ASSETS

Debtors

6

670

11,726

Cash at bank

50,760

12,815

51,430

24,541

CREDITORS

Amounts falling due within one year

7

1,577,296

1,412,803

NET CURRENT LIABILITIES

(1,525,866

)

(1,388,262

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,090,741

3,786,565

CREDITORS

Amounts falling due after more than one year

8

(929,040

)

(1,011,735

)

PROVISIONS FOR LIABILITIES

(224,409

)

(168,670

)

NET ASSETS

2,937,292

2,606,160

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Non distributable reserve

10

909,320

732,694

Retained earnings

10

2,026,972

1,872,466

SHAREHOLDERS' FUNDS

2,937,292

2,606,160

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 6 September 2025 and were signed on its behalf by:

G Robinson - Director

P.A. Robinson - Director

1.	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.

Tangible fixed assets

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

Plant and machinery etc

-

15% on reducing balance

Investments

Investment property is initially recognised at cost. The cost of a purchased investment property comprises it's purchase price and any directly attributable expenditure. Subsequently, investment property whose value can be measured without undue cost or effort is measured at fair value at each reporting date with changes in fair value being recognised in the income statement.

Deferred tax is provided on these fair value changes at the rate expected to apply when the property is sold.

Fair value is determined by the directors based on their knowledge of the properties taking into account location, condition and prevailing market values at the reporting date.

Investments in shares are included at fair value.

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.

2.	EMPLOYEES AND DIRECTORS

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

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

102,283

DEPRECIATION

At 1 April 2024

50,317

Charge for year

15,590

At 31 March 2025

65,907

NET BOOK VALUE

At 31 March 2025

36,376

At 31 March 2024

51,966

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

13,066

Disposals

(13,065

)

At 31 March 2025

1

NET BOOK VALUE

At 31 March 2025

1

At 31 March 2024

13,066

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

5,109,795

Additions

238,070

Net gains from fair value adjustments

232,365

At 31 March 2025

5,580,230

NET BOOK VALUE

At 31 March 2025

5,580,230

At 31 March 2024

5,109,795

Fair value at 31 March 2025 is represented by:

£

Valuation in 2010

4,790

Valuation in 2012

30,000

Valuation in 2015

87,739

Valuation in 2016

26,250

Valuation in 2017

55,055

Valuation in 2018

59,674

Valuation in 2019

307,751

Valuation in 2022

130,949

Valuation in 2024

199,156

Valuation in 2025

232,365

Cost

4,446,501

5,580,230

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

670

226

Other debtors

-

11,500

670

11,726

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

78,104

76,238

Trade creditors

1,440

-

Taxation and social security

56,702

48,925

Other creditors

1,441,050

1,287,640

1,577,296

1,412,803

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

929,040

1,011,735

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

579,826

653,416

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

1,007,144

1,087,973

The bank loans are secured by way of fixed and floating charges over the company's assets.

10.

RESERVES

Non

Retained

distributable

earnings

reserve

Totals

£

£

£

At 1 April 2024

1,872,466

732,694

2,605,160

Profit for the year

332,632

332,632

Dividends

(1,500

)

(1,500

)

Movement for year

(176,626

)

176,626

-

At 31 March 2025

2,026,972

909,320

2,936,292