REGISTERED NUMBER: 10000204 (England and Wales)

RUSHWOOD MANAGEMENT SERVICES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2024 TO 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M A Potter

C D Potter

J Rockett

SECRETARY:

R D Lloyd

REGISTERED OFFICE:

Northspring

21-23 Wellington Street

Leeds

West Yorkshire

LS1 4DL

REGISTERED NUMBER:

10000204 (England and Wales)

ACCOUNTANTS:

UHY BPR Heaton

Chartered Accountants

Glenewes House

Gate Way Drive

Leeds

West Yorkshire

LS19 7XY

BANKERS:

HSBC Bank Plc

34 Westgate

Ripon

North Yorkshire

HG4 2BL

FIXED ASSETS

Intangible assets

4

140,549

128,904

Tangible assets

5

464,213

560,926

Investments

6

1

1

604,763

689,831

CURRENT ASSETS

Debtors

7

2,040,126

2,293,544

Cash at bank and in hand

533,926

179,672

2,574,052

2,473,216

CREDITORS

Amounts falling due within one year

8

(907,789

)

(986,251

)

NET CURRENT ASSETS

1,666,263

1,486,965

TOTAL ASSETS LESS CURRENT LIABILITIES

2,271,026

2,176,796

PROVISIONS FOR LIABILITIES

(19,100

)

(61,600

)

NET ASSETS

2,251,926

2,115,196

CAPITAL AND RESERVES

Called up share capital

1,225,091

1,225,091

Capital redemption reserve

10

10

Retained earnings

1,026,825

890,095

2,251,926

2,115,196

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

The members have not required the company to obtain an audit of its financial statements for the period 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 November 2025 and were signed on its behalf by:

C D Potter - Director

1.	STATUTORY INFORMATION

Rushwood Management Services Ltd 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

Turnover

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received or receivable, excluding discounts and rebates, and is stated net of Value Added Tax.

Construction services

Turnover from the supply of construction services in respect of contracts which are ongoing at the balance sheet date is recognised by reference to the stage of completion of the contract using the method that measures most reliably the work performed. The stage of completion of the contract is therefore measured either by comparing the costs incurred for work performed to date to the total estimated contract costs, or by reference to surveys of work performed, whichever is the most appropriate. Where the contract outcome cannot be measured reliably, revenue is recognised only to the extent of expenses recognised that are recoverable.

Property management services

Turnover from the provision of property management services is recognised when the outcome of a transaction can be estimated reliably and is measured as a percentage of the monthly rent roll for property under management.

Development property services and Board services

Revenue is recognised when the right to receive payment is established.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

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

-

33% on cost and 20% on cost

Motor vehicles

-

25% on cost and 20% on cost

Fixtures and equipment

-

33% on cost and 20% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provision of the instrument.

Financial assets and liabilities are initially measured at transaction price, except for those financial assets classified as at fair value through profit or loss.

Basic financial instruments

Basic financial instruments are those with relatively straight forward terms and would normally include cash, bank balances, trade debtors, trade creditors and uncomplicated bank loans.

Where the arrangement does not constitute a financing transaction, e.g. trade debtors on normal commercial terms, the debtor will be valued initially at transaction price (i.e. cost) and subsequently at transaction price less impairment (if any) due to concerns over recoverability.

Where the arrangement does constitute a financing transaction, e.g. debt with basic terms, the initial measurement is of amortised cost using the effective interest method. In subsequent years the debt instrument is measured at amortised cost less impairment.

Impairment

At the end of each reporting period where there is objective evidence of impairment of any financial asset held at cost or amortised cost then this impairment is recognised immediately in profit or loss.

Other financial instruments

The company does not have any financial instruments that would not be classed as 'basic'.

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 represents the amount of taxation payable, or receivable, in respect of taxable profit or loss for the current or past reporting periods. It is measured at the amount expected to be paid, or recovered, using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It 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 the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against a reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 29 (2024 - 27 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 May 2024

128,904

Additions

59,057

At 31 March 2025

187,961

AMORTISATION

Charge for period

47,412

At 31 March 2025

47,412

NET BOOK VALUE

At 31 March 2025

140,549

At 30 April 2024

128,904

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2024

1,106,195

Additions

178,815

Disposals

(144,775

)

At 31 March 2025

1,140,235

DEPRECIATION

At 1 May 2024

545,269

Charge for period

227,287

Eliminated on disposal

(96,534

)

At 31 March 2025

676,022

NET BOOK VALUE

At 31 March 2025

464,213

At 30 April 2024

560,926

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 May 2024

and 31 March 2025

1

NET BOOK VALUE

At 31 March 2025

1

At 30 April 2024

1

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

334,059

428,693

Amounts owed by group undertakings

1,045,067

1,036,410

Other debtors

661,000

828,441

2,040,126

2,293,544

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

159,692

237,053

Taxation and social security

291,559

245,747

Other creditors

456,538

503,451

907,789

986,251

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

41,696

71,231

Between one and five years

622

36,382

42,318

107,613

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The advance to a director made in the previous year has been repaid in the current period. The balance outstanding at 31 March 2025 was £NIL (30 April 2024: £12,490).

11.	RELATED PARTY DISCLOSURES

During the period the company increased its loan to its subsidiary company Poter Banov o.o.o. by £8,657. The loan is interest free and repayable on demand. The balance outstanding at 31 March 2025 was £1,045,067 (30 April 2024: £1,036,410).