REGISTERED NUMBER: 09335656 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

R & G ENTERPRISES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

Mr R D Farrell

Mr. G Sandford

Registered office:

Staunton Works Alverton Road

Staunton In The Vale

Nottingham

NG13 9QB

Registered number:

09335656 (England and Wales)

Accountants:

TC Group

10 Stadium Business Court

Millennium Way

Pride Park

Derby

Derbyshire

DE24 8HP

Fixed assets

Investment property

4

2,500,000

2,500,000

Current assets

Debtors

5

1,063

33,005

Cash at bank

104,382

31,448

105,445

64,453

Creditors

Amounts falling due within one year

6

(866,278

)

(767,479

)

Net current liabilities

(760,833

)

(703,026

)

Total assets less current liabilities

1,739,167

1,796,974

Creditors

Amounts falling due after more than one year

7

(113,083

)

(176,660

)

Provisions for liabilities

(342,654

)

(362,553

)

Net assets

1,283,430

1,257,761

Capital and reserves

Called up share capital

8

3

3

Revaluation reserve

9

1,087,660

1,087,660

Retained earnings

9

195,767

170,098

Shareholders' funds

1,283,430

1,257,761

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 by the Board of Directors and authorised for issue on 1 December 2025 and were signed on its behalf by:

Mr. G Sandford - Director

1.	STATUTORY INFORMATION

R & G Enterprises 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.

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 as modified by the revaluation of certain assets.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

Fair value

At 1 April 2024

and 31 March 2025

2,500,000

Net book value

At 31 March 2025

2,500,000

At 31 March 2024

2,500,000

Freehold property was independently valued on an open market basis on 29 June 2023 by FHP Property Consultants. The historical cost is £1,049,787.

Fair value at 31 March 2025 is represented by:

£

Valuation in 2020

1,950,000

Valuation in 2024

550,000

2,500,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Directors' loan accounts

-

32,186

Prepayments and accrued income

1,063

819

1,063

33,005

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans

63,492

48,409

Tax

29,816

55,323

VAT

9,865

12,000

Intercompany loan

700,000

650,000

Accruals and deferred income

48,015

1,747

Other Creditors

15,090

-

866,278

767,479

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

113,083

176,660

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

300

Ordinary

1p

3

3

9.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 April 2024

170,098

1,087,660

1,257,758

Profit for the year

109,669

109,669

Dividends

(84,000

)

(84,000

)

At 31 March 2025

195,767

1,087,660

1,283,427

10.	RELATED PARTY DISCLOSURES

At the year end, the company owed £700,000 (2024: £650,000) to Farrell Transport Limited, a company under the common control of Mr Sandford and Mr Farrell, who are directors and shareholders.