R W Estates (Trading) Ltd 03768525 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is property leasing. Digita Accounts Production Advanced 6.30.9574.0 true 03768525 2024-04-01 2025-03-31 03768525 2025-03-31 03768525 core:CurrentFinancialInstruments 2025-03-31 03768525 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 03768525 core:FurnitureFittings 2025-03-31 03768525 core:LandBuildings 2025-03-31 03768525 core:LandBuildings core:OwnedOrFreeholdAssets 2025-03-31 03768525 bus:SmallEntities 2024-04-01 2025-03-31 03768525 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 03768525 bus:FilletedAccounts 2024-04-01 2025-03-31 03768525 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 03768525 bus:RegisteredOffice 2024-04-01 2025-03-31 03768525 bus:CompanySecretaryDirector1 2024-04-01 2025-03-31 03768525 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 03768525 core:Buildings 2024-04-01 2025-03-31 03768525 core:FurnitureFittings 2024-04-01 2025-03-31 03768525 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 03768525 core:LandBuildings 2024-04-01 2025-03-31 03768525 core:LandBuildings core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 03768525 countries:AllCountries 2024-04-01 2025-03-31 03768525 2024-03-31 03768525 core:FurnitureFittings 2024-03-31 03768525 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 03768525 2023-04-01 2024-03-31 03768525 2024-03-31 03768525 core:CurrentFinancialInstruments 2024-03-31 03768525 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 03768525 core:FurnitureFittings 2024-03-31 03768525 core:LandBuildings 2024-03-31 03768525 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 03768525

R W Estates (Trading) Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

R W Estates (Trading) Ltd

Contents

Statement of Financial Position | 1
Notes to the Unaudited Financial Statements | 2 to 6

R W Estates (Trading) Ltd

(Registration number: 03768525)
Statement of Financial Position as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 5,264,194 | 4,887,896
Current assets |  |  |
Debtors | 5 | 4,074 | 14,775
Cash at bank and in hand |  | 1,412,683 | 1,231,104
|  | 1,416,757 | 1,245,879
Creditors: Amounts falling due within one year | 6 | (3,216,586) | (3,113,248)
Net current liabilities |  | (1,799,829) | (1,867,369)
Total assets less current liabilities |  | 3,464,365 | 3,020,527
Provisions for liabilities |  | (47,581) | (517)
Net assets |  | 3,416,784 | 3,020,010
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Profit and loss account |  | 3,416,684 | 3,019,910
Shareholders' funds |  | 3,416,784 | 3,020,010

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 14 October 2025 and signed on its behalf by:

Mr Garry Jonathan Mettam Company secretary and director

R W Estates (Trading) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
15A Fore Street
Tiverton
Devon
EX16 6LN

Principal activity

The principal activity of the company is property leasing.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

R W Estates (Trading) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2 | Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

R W Estates (Trading) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2 | Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fittings fixtures and equipment | 20% reducing balance
Freehold property | Nil - treated as investment property

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

R W Estates (Trading) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

4 | Tangible assets

| Land and buildings £ | Fixtures and fittings £ | Total £
Cost or valuation
At 1 April 2024 | 4,885,777 | 11,645 | 4,897,422
Revaluations | 375,732 | - | 375,732
Additions | 990 | - | 990
At 31 March 2025 | 5,262,499 | 11,645 | 5,274,144
Depreciation
At 1 April 2024 | - | 9,526 | 9,526
Charge for the year | - | 424 | 424
At 31 March 2025 | - | 9,950 | 9,950
Carrying amount
At 31 March 2025 | 5,262,499 | 1,695 | 5,264,194
At 31 March 2024 | 4,885,777 | 2,119 | 4,887,896

Included within the net book value of land and buildings above is £5,262,499 (2024 - £4,885,777) in respect of freehold land and buildings.

Revaluation

The fair value of the company's Freehold property was revalued on 31 March 2025. An independent valuer was not involved.
Investment property is valued by Mettam Ware, Chartered Surveyors.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £4,599,574 (2024 - £4,598,583).

5 | Debtors

| 2025 £ | 2024 £
Trade debtors | 3,512 | 14,775
Other debtors | 562 | -
| 4,074 | 14,775

R W Estates (Trading) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 3,447 | 2,386
Taxation and social security | 56,534 | 59,892
Accruals and deferred income | 119,866 | 115,941
Other creditors | 3,036,739 | 2,935,029
| 3,216,586 | 3,113,248

7 | Reserves

Profit and loss account:
This reserve records retained earnings and accumulated losses.

The reserve contains accumulated undistributable reserves totalling £615,758.

8 | Related party transactions

At 31 March 2025 the company owed £3,036,739 (31 March 2024: £2,935,028) to a connected company that holds 50% of the issued share capital of R W Estates (Trading) Limited. the terms of the loan require 18 months notice of repayment to be given. Interest has been charged on a loan at a market rate.