| R O'Dell (Holdings) Limited |
| Registered number: |
03043018 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
3,984,666 |
|
|
3,769,225 |
| Investments |
4 |
|
|
500 |
|
|
500 |
|
|
|
|
3,985,166 |
|
|
3,769,725 |
|
| Current assets |
| Stocks |
|
|
9,993 |
|
|
- |
| Debtors |
5 |
|
34,070 |
|
|
12,103 |
| Cash at bank and in hand |
|
|
4,299 |
|
|
16,914 |
|
|
|
48,362 |
|
|
29,017 |
|
| Creditors: amounts falling due within one year |
6 |
|
(175,748) |
|
|
(53,940) |
|
| Net current liabilities |
|
|
|
(127,386) |
|
|
(24,923) |
|
| Total assets less current liabilities |
|
|
|
3,857,780 |
|
|
3,744,802 |
|
|
| Provisions for liabilities |
|
|
|
(157,234) |
|
|
(113,489) |
|
|
| Net assets |
|
|
|
3,700,546 |
|
|
3,631,313 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
8,835 |
|
|
8,835 |
| Profit and loss account - not distributable |
7 |
|
|
1,172,094 |
|
|
992,839 |
| Profit and loss account - distributable |
|
|
|
2,519,617 |
|
|
2,629,639 |
| Shareholders' funds |
|
|
|
3,700,546 |
|
|
3,631,313 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
| D Griffiths |
| Director |
| Approved by the board on 31 October 2025 |
|
| R O'Dell (Holdings) Limited |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover represents revenue earned from the rendering of goods and services, principally the right to occupy property. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. Rental income is recognised on a time apportionment basis. |
|
|
Tangible fixed assets - Investment properties |
|
Freehold investment properties for which fair value can be measured reliably are stated at fair value at each reporting date. Changes in fair value are recognised in profit or loss. Properties are valued using an open market valuation basis, conducted annually by the directors on the basis of rental yields. |
|
|
Tangible fixed assets - Other |
|
Other tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land and investment properties, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Short leasehold improvements |
over the period of the lease |
|
Plant, machinery and equipment |
20% - 33% straight line, & over the period of the lease |
|
Vineyard |
over the period of the lease |
|
|
Investments |
|
Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
3 |
|
3 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
Land and buildings |
|
Plant and machinery etc |
|
Vineyard |
|
Total |
| £ |
£ |
£ |
£ |
|
Cost |
|
At 1 April 2024 |
3,668,864 |
|
106,382 |
|
65,036 |
|
3,840,282 |
|
Additions |
- |
|
10,374 |
|
299 |
|
10,673 |
|
Surplus on revaluation |
223,000 |
|
- |
|
- |
|
223,000 |
|
At 31 March 2025 |
3,891,864 |
|
116,756 |
|
65,335 |
|
4,073,955 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2024 |
14,924 |
|
42,056 |
|
14,077 |
|
71,057 |
|
Charge for the year |
5,089 |
|
9,876 |
|
3,267 |
|
18,232 |
|
At 31 March 2025 |
20,013 |
|
51,932 |
|
17,344 |
|
89,289 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
3,871,851 |
|
64,824 |
|
47,991 |
|
3,984,666 |
|
At 31 March 2024 |
3,653,940 |
|
64,326 |
|
50,959 |
|
3,769,225 |
|
|
|
|
|
|
|
|
|
|
|
Land and buildings: |
2025 |
|
2024 |
| £ |
£ |
|
Freehold investment properties at fair value |
3,790,099 |
|
3,567,099 |
|
Short leasehold properties |
81,752 |
|
86,841 |
|
|
|
|
|
|
3,871,851 |
|
3,653,940 |
|
|
|
|
|
|
|
|
|
|
Short leasehold improvements |
|
Historical cost |
101,765 |
|
101,765 |
|
Cumulative depreciation based on historical cost |
20,013 |
|
14,924 |
|
|
|
|
|
|
81,752 |
|
86,841 |
|
|
|
|
|
|
|
|
|
|
|
The historical cost of freehold investment properties was £2,460,772 (2024 : £2,460,772) |
|
All freehold land and buildings are held as investment properties. They have been revalued by the directors to reflect property market conditions at the balance sheet date. |
|
| 4 |
Investments |
|
| Other |
| investments |
| £ |
|
Cost |
|
At 1 April 2024 |
500 |
|
|
At 31 March 2025 |
500 |
|
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
276 |
|
- |
|
Other debtors |
33,794 |
|
12,103 |
|
|
|
|
|
|
34,070 |
|
12,103 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
83 |
|
- |
|
Taxation and social security costs |
3,378 |
|
2,389 |
|
Other creditors |
172,287 |
|
51,551 |
|
|
|
|
|
|
175,748 |
|
53,940 |
|
|
|
|
|
|
|
|
|
| 7 |
Non-distributable reserve |
2025 |
|
2024 |
| £ |
£ |
|
|
At 1 April 2024 |
992,839 |
|
784,521 |
|
Fair value gain on investment property |
223,000 |
|
218,810 |
|
Realised on disposal of investment property |
- |
|
- |
|
Deferred taxation arising on the revaluation of investment property |
(43,745) |
|
(10,492) |
|
|
At 31 March 2025 |
1,172,094 |
|
992,839 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Loan to a director |
|
|
An interest free loan of £9,961 was advanced to a director during the period. This was still outstanding at the year end but has subsequently been repaid. |
|
| 9 |
Related party transactions |
|
|
R O'Dell (Holdings) Ltd and JPC Properties (Southampton) Ltd are companies under common control. Included within other creditors is a loan due to JPC Properties (Southampton) Ltd which is repayable on demand. The balance on the loan outstanding at the year end is £157,502 (2024 : £30,632). The interest charged during the year was £6,421 (2024 : £632). |
|
|
| 10 |
Other information |
|
|
R O'Dell (Holdings) Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
The Coach House |
|
The Old Vicarage |
|
Church Street |
|
Castle Cary |
|
Somerset |
|
BA7 7EJ |