REGISTERED NUMBER: 05633803 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

BUCK ESTATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J A Buckman

Miss R J Buckman

SECRETARY:

D S Jaffrey

REGISTERED OFFICE:

89 High Street

Hadleigh

Ipswich

Suffolk

IP7 5EA

REGISTERED NUMBER:

05633803 (England and Wales)

ACCOUNTANTS:

Walter Wright

Chartered Accountants

89 High Street

Hadleigh

Ipswich

Suffolk

IP7 5EA

FIXED ASSETS

Tangible assets

4

53,320

119,631

Investments

5

1

-

Investment property

6

366,103

366,103

419,424

485,734

CURRENT ASSETS

Stocks

1,992,377

3,706,270

Debtors

7

7,150,980

6,736,645

Cash at bank and in hand

631,659

622,663

9,775,016

11,065,578

CREDITORS

Amounts falling due within one year

8

5,478,870

5,434,442

NET CURRENT ASSETS

4,296,146

5,631,136

TOTAL ASSETS LESS CURRENT LIABILITIES

4,715,570

6,116,870

CREDITORS

Amounts falling due after more than one year

9

-

1,805,898

NET ASSETS

4,715,570

4,310,972

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

11

4,715,470

4,310,872

SHAREHOLDERS' FUNDS

4,715,570

4,310,972

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

The members have not required the company to obtain an audit of its financial statements for the year 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 and authorised for issue by the Board of Directors and authorised for issue on 5 December 2025 and were signed on its behalf by:

J A Buckman - Director

1.	STATUTORY INFORMATION

Buck Estates Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

The financial statements are prepared in sterling which is the functional currency of the company and rounded to the nearest £1.

Significant judgements and estimates

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be appropriate and reasonable in the circumstances.

a) Critical judgements in applying the entity's accounting policies

There is no area within the company's accounts where management has been required to apply a critical judgement.

b) Key accounting estimates and assumptions

(i) Investment property valuations

The company uses external professional valuers to determine the relevant amounts.The primary source of evidence for property valuations should be recent,comparable market transactions on an arms-length basis. However,the valuation of the companies’s property portfolio is inherently subjective, as they are made on the basis of assumptions made by the valuers which may not prove to be accurate.

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The following criteria must also be met before revenue is recognised:

Rendering of services:

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably, and

- the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

not provided

Plant and machinery etc

-

33% on reducing balance and 25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Investment properties transferred to stock have been valued at deemed cost based on the last valuation.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.

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 is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax 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 tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

Going concern

After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, the going concern basis has continued to be used in preparing the accounts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

75,531

141,996

217,527

Additions

-

416

416

Disposals

-

(124,448

)

(124,448

)

Impairments

(25,531

)

-

(25,531

)

At 31 March 2025

50,000

17,964

67,964

DEPRECIATION

At 1 April 2024

-

97,896

97,896

Charge for year

-

7,795

7,795

Eliminated on disposal

-

(91,047

)

(91,047

)

At 31 March 2025

-

14,644

14,644

NET BOOK VALUE

At 31 March 2025

50,000

3,320

53,320

At 31 March 2024

75,531

44,100

119,631

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

1

At 31 March 2025

1

NET BOOK VALUE

At 31 March 2025

1

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

366,103

NET BOOK VALUE

At 31 March 2025

366,103

At 31 March 2024

366,103

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

5,333

5,558

Amounts owed by group undertakings

1,538,092

1,502,275

Other debtors

5,607,555

5,228,812

7,150,980

6,736,645

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

7,450

9,115

Amounts owed to group undertakings

5,448,611

5,388,574

Taxation and social security

18,958

13,814

Other creditors

3,851

22,939

5,478,870

5,434,442

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loan

-

1,805,898

2025

2024

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

-

1,805,898

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loan

-

1,805,898

Hire purchase contacts are secured on the assets to which they relate.

11.

RESERVES

Retained

earnings

£

At 1 April 2024

4,310,872

Profit for the year

404,598

At 31 March 2025

4,715,470

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

J A Buckman

Balance outstanding at start of year

3,492,158

2,768,831

Amounts advanced

124,742

723,327

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

3,616,900

3,492,158

The loan to Mr J A Buckman is unsecured and interest free.

13.	ULTIMATE CONTROLLING PARTY

The controlling party is Reja Holdings Limited.

The company is incorporated in the UK. The registered office is 89 High Street, Hadleigh, Ipswich, Suffolk. IP7 5EA.