Company No: 11399955 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	574		227
Investment property	4	158,082		158,082
		158,656		158,309
Current assets
Debtors
- due within one year	5	196,606		206,719
- due after more than one year	5	95,000		95,000
Cash at bank and in hand		2,907		6,984
		294,513		308,703
Creditors: amounts falling due within one year	6	( 338,203)		( 359,811)
Net current liabilities		(43,690)		(51,108)
Total assets less current liabilities		114,966		107,201
Net assets		114,966		107,201
Capital and reserves
Called-up share capital	7	100		100
Profit and loss account		114,866		107,101
Total shareholder's funds		114,966		107,201

For the financial year ending 30 June 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of RHR Property (Devon) Limited (registered number: 11399955) were approved and authorised for issue by the Director on 04 December 2025. They were signed on its behalf by:

J M Horth Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

RHR Property (Devon) Limited (the Company) is a private company, limited by shares, incorporated in England and Wales under the Companies Act 2006 and is registered in England and Wales.

The address of the Company's registered office;
Centenary House
Peninsula Park
Rydon Lane
Exeter
EX2 7XE

The principal place of business is:
Otter House
61 Fore Street
OTTERTON
EX9 7HB

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of rental income receivable in the ordinary course of the company's activities. The company recognises revenue in the period to which it relates with accrued and deferred income being adjusted as necessary.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line, basis over its expected useful life, as follows:

Office equipment

5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

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

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Tangible assets

	Office equipment		Total
	£		£
Cost
At 01 July 2024	1,255		1,255
Additions	474		474
At 30 June 2025	1,729		1,729
Accumulated depreciation
At 01 July 2024	1,028		1,028
Charge for the financial year	127		127
At 30 June 2025	1,155		1,155
Net book value
At 30 June 2025	574		574
At 30 June 2024	227		227

4. Investment property

	Investment property
	£
Valuation
As at 01 July 2024	158,082
As at 30 June 2025	158,082

Valuation

The property was valued at the year end by the director on an open market basis. The fair value was deemed to be materially equal to the existing carrying value.

5. Debtors

	2025		2024
	£		£
Debtors: amounts falling due within one year
Prepayments and accrued income	1,306		1,719
Other debtors	195,300		205,000
	196,606		206,719
Debtors: amounts falling due after more than one year
Other debtors	95,000		95,000

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Corporation tax	1,795		1,374
Other creditors	336,408		358,437
	338,203		359,811

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100

8. Related party transactions

Transactions with the entity's director

	2025		2024
	£		£
Loan due to director, interest free and repayable on demand	334,292		356,422