Ruxley Holdings Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01851171 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Ruxley Holdings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs J H Hayden Obadia

A M Muddyman

REGISTERED OFFICE:

Suite 12 Chessington Business Centre

Cox Lane

Chessington

KT9 1SD

REGISTERED NUMBER:

01851171 (England and Wales)

ACCOUNTANTS:

Blackwood Futcher & Co.

Chartered Accountants

9 St George's Yard

Farnham

Surrey

GU9 7LW

FIXED ASSETS

Tangible assets

4

330

519

Investments

5

249,874

Investment property

6

1,775,000

2,695,000

2,025,204

2,945,393

CURRENT ASSETS

Debtors

7

1,875,809

1,670,013

Investments

8

10,226

36,402

Cash at bank

-

7,578

1,886,035

1,713,993

CREDITORS

Amounts falling due within one year

9

4,612,244

4,281,346

NET CURRENT LIABILITIES

(2,726,209

)

(2,567,353

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(701,005

)

378,040

CAPITAL AND RESERVES

Called up share capital

538,261

Share premium

9,507,537

Capital redemption reserve

6,871,678

Retained earnings

(17,618,481

)

(16,539,436

)

SHAREHOLDERS' FUNDS

(701,005

)

378,040

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 26 September 2025 and were signed on its behalf by:

A M Muddyman - Director

1.	STATUTORY INFORMATION

Ruxley Holdings 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.

At the balance sheet date the company had net liabilities of £701,005. The ability of the company to continue to trade is dependant upon the continued support of the company's bank and other creditors.

The directors are of the opinion that the company will continue to receive this support and on this basis consider it appropriate to prepare the accounts on the going concern basis.

The financial statements do not include any adjustments that would result from the withdrawal of support by these parties.

The company's assets include substantial loans due from its subsidiary companies. The accounts have also been prepared on the basis that these will be recovered in full. This is predicated on the assumption that the companies with long standing debt will, in future years, develop their business strategies further in order to make sufficient profits to repay the loans.

The directors are of the opinion that the group will be able to achieve these future profits, to ensure the intercompany debts are repaid, and consider it appropriate to prepare the accounts on this basis.

Preparation of consolidated financial statements

The financial statements contain information about Ruxley Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents the invoiced value, net of value added tax, of goods sold and services provided to customers, and includes the financial return from the management of assets held by the company for trading purposes.

Investment income and management fees are recognised on an accruals basis.

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

-

20% on cost

Investments in subsidiaries and associates

Investments in subsidiary and associate undertakings are recognised at cost less any provision for impairment.

Investment property

Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

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

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

Investments

Long term investments are classified as fixed assets on the balance sheet. Short term investments are classified as current assets. Both are stated at cost less any provisions.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

1,831

DEPRECIATION

At 1 January 2024

1,312

Charge for year

189

At 31 December 2024

1,501

NET BOOK VALUE

At 31 December 2024

330

At 31 December 2023

519

5.	FIXED ASSET INVESTMENTS

Shares in

Interest

group

in

Other

undertakings

associate

investments

Totals

£

COST

At 1 January 2024

and 31 December 2024

100,353

103,594

516,886

720,833

PROVISIONS

At 1 January 2024

and 31 December 2024

51

103,594

367,314

470,959

NET BOOK VALUE

At 31 December 2024

100,302

-

149,572

249,874

At 31 December 2023

100,302

-

149,572

249,874

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

2,695,000

Impairments

(920,000

)

At 31 December 2024

1,775,000

NET BOOK VALUE

At 31 December 2024

1,775,000

At 31 December 2023

2,695,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2015

143,261

Valuation in 2017

125,000

Valuation in 2019

250,000

Valuation in 2022

(55,000

)

Valuation in 2024

(920,000

)

Cost

2,231,739

1,775,000

If investment properties had not been revalued they would have been included at the following historical cost:

31.12.24

31.12.23

£

Cost

2,231,739

Investment properties were valued on an open market basis on 31 December 2024 by the directors .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Amounts owed by group undertakings

1,040,233

991,269

Other debtors

835,576

678,744

1,875,809

1,670,013

8.	CURRENT ASSET INVESTMENTS

31.12.24

31.12.23

£

Other

10,226

36,402

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts

1,463,479

1,349,512

Trade creditors

10,605

5,556

Taxation and social security

222,534

153,417

Other creditors

2,915,626

2,772,861

4,612,244

4,281,346

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

Bank overdrafts

1,463,479

1,349,512

The bank overdrafts are secured by fixed and floating charges over the freehold and leasehold land and property held, and all other assets of the company.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

Mrs J H Hayden Obadia

Balance outstanding at start of year

351,764

144,732

Amounts advanced

77,526

207,032

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

429,290

351,764

A M Muddyman

Balance outstanding at start of year

171,387

100,714

Amounts advanced

96,999

154,255

Amounts repaid

(91,210

)

(83,582

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

177,176

171,387

The loans to directors are interest free with no fixed repayment terms. The maximum amounts due from the directors to the company during the year are the closing balances shown above.