Company registration number 02186453 (England and Wales)
Royds Properties Limited
FINANCIAL STATEMENTS
Financial Statements
for the year ended 31 March 2025
PAGES FOR FILING WITH REGISTRAR
Royds Properties Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6
Royds Properties Limited
Statement Of Financial Position
as at 31 March 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
71,740
36,118
Investments
4
400,100
400,000
Investment properties
5
18,311,999
18,411,999
18,783,839
18,848,117
Current assets
Debtors
2,520,073
2,670,271
Cash at bank and in hand
996,348
459,536
3,516,421
3,129,807
Creditors: amounts falling due within one year
(850,773)
(886,724)
Net current assets
2,665,648
2,243,083
Total assets less current liabilities
21,449,487
21,091,200
Creditors: amounts falling due after more than one year
(4,400,000)
(4,400,000)
Provisions for liabilities
6
(911,748)
(924,151)
Net assets
16,137,739
15,767,049
Capital and reserves
Called up share capital
1,600,000
1,600,000
Revaluation reserve
3,055,037
3,130,037
Profit and loss reserves
11,482,702
11,037,012
Total equity
16,137,739
15,767,049

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Royds Properties Limited
Statement Of Financial Position (continued)
as at 31 March 2025
31 March 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 10 October 2025 and are signed on its behalf by:
M J Royds
Director
Company Registration No. 02186453
Royds Properties Limited
Notes to the financial statements
for the year ended 31 March 2025
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover represents the total invoice value of rent receivable and other income derived from the provision of services falling within the company's ordinary activities. Turnover is recognised on an accruals basis.

Tangible fixed assets

Tangible fixed assets are measured at cost net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
10% to 25% on cost
Motor vehicles
25% on written down value

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment properties

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. The surplus or deficit on revaluation is recognised in the income statement.

Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Royds Properties Limited
Notes to the financial statements (continued)
for the year ended 31 March 2025
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
6
6
3
Tangible fixed assets
Plant and machinery
Motor vehicles
Total
£
£
£
Cost
At 1 April 2024
287,198
90,422
377,620
Additions
21,711
24,810
46,521
Disposals
-
0
(17,379)
(17,379)
At 31 March 2025
308,909
97,853
406,762
Depreciation and impairment
At 1 April 2024
258,932
82,570
341,502
Depreciation charged in the year
7,318
2,603
9,921
Eliminated in respect of disposals
-
0
(16,401)
(16,401)
At 31 March 2025
266,250
68,772
335,022
Carrying amount
At 31 March 2025
42,659
29,081
71,740
At 31 March 2024
28,266
7,852
36,118
4
Fixed asset investments
2025
2024
£
£
Other investments other than loans
400,100
400,000

On 16 December 2022 Royds Properties purchased 400,000 £1 preference shares and on 1 December 2024, held 100 £1 ordinary shares in Royds Pub Co Ltd, a company with common directors.

Royds Properties Limited
Notes to the financial statements (continued)
for the year ended 31 March 2025
- 5 -
5
Investment property
2025
£
Fair value
At 1 April 2024
18,411,999
Revaluations
(100,000)
At 31 March 2025
18,311,999

The investment properties were revalued by the director.

On 31 March 2025 the historical cost of these properties was £14,238,615 (2014: £14,238,615)

6
Provisions for liabilities

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
(36,833)
(49,430)
Tax losses
(69,765)
(69,765)
Revaluations
1,018,346
1,043,346
911,748
924,151
2025
Movements in the year:
£
Liability at 1 April 2024
924,151
Credit to profit or loss
(12,403)
Liability at 31 March 2025
911,748
7
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Royds Properties Limited
Notes to the financial statements (continued)
for the year ended 31 March 2025
7
Audit report information
(continued)
- 6 -
Senior Statutory Auditor:
Charles R Moorby
Statutory Auditor:
B M Howarth Ltd
Date of audit report:
10 October 2025
8
Financial commitments, guarantees and contingent liabilities

The bank loans are secured by fixed charges over investment properties and unlimited cross guarantees with Royds Estates Limited and Royds Industrial Properties Ltd.

9
Parent company

The company's ultimate parent undertaking at the balance sheet date was George Lumb Holdings Limited, a company registered in England and Wales.

10
Company information

Royds Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Estate Office, Gledholt Business Park, Allen Row, Paddock, Huddersfield, West Yorkshire, HD1 4SB.

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