RJ Dowding Property Limited

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 5

(Registration number: 15537777)
Statement of Financial Position as at 31 March 2025

	Note	2025 £
Fixed assets
Investment property	4	740,607
Current assets
Debtors	5	15,069
Cash at bank and in hand		60,562
		75,631
Creditors: Amounts falling due within one year	6	(404,159)
Net current liabilities		(328,528)
Total assets less current liabilities		412,079
Creditors: Amounts falling due after more than one year	6	(405,588)
Net assets		6,491
Capital and reserves
Called up share capital		100
Profit and loss account		6,391
Shareholders' funds		6,491

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

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The director acknowledges 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 director has not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the director on 28 November 2025

R J Dowding
Director

RJ Dowding Property Limited

Notes to the Unaudited Financial Statements for the Period from 3 March 2024 to 31 March 2025

1	General information

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

The address of its registered office is:
26-28 Southernhay East
Exeter
Devon
EX1 1NS
United Kingdom

Principal activity

The principal activity of the company is that of real estate letting.

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.

Going concern

The financial statements have been prepared on a going concern basis.

RJ Dowding Property Limited

Notes to the Unaudited Financial Statements for the Period from 3 March 2024 to 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 rental income 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 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.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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

RJ Dowding Property Limited

Notes to the Unaudited Financial Statements for the Period from 3 March 2024 to 31 March 2025 (continued)

2	Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of comprehensive income over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

4	Investment properties

	2025 £
Additions	740,607
At 31 March	740,607

The director considers that the cost of the investment properties is not significantly different from their market value.

5

Debtors

	2025 £
Prepayments	4,315
Other debtors	10,754
	15,069

Other debtors due in more than one year totals £9,470

RJ Dowding Property Limited

Notes to the Unaudited Financial Statements for the Period from 3 March 2024 to 31 March 2025 (continued)

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £
Due within one year
Loans and borrowings		400,000
Taxation and social security		1,499
Accruals and deferred income		2,660
		404,159

Creditors: amounts falling due after more than one year

	Note	2025 £
Due after one year
Loans and borrowings		405,588

Creditors due for more than one year presents a loan which is secured on the asset to which it relates.

7

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.