REGISTERED NUMBER: 13617228 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

RBLC GLADSTONE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr B P Leister

REGISTERED OFFICE:

Equinox House

Clifton Park

Shipton Road

York

North Yorkshire

YO30 5PA

REGISTERED NUMBER:

13617228 (England and Wales)

ACCOUNTANTS:

Fortus Limited

Business Advisors & Accountants

Equinox House

Clifton Park, Shipton Road

York

Yorkshire

YO30 5PA

FIXED ASSETS

Tangible assets

4

15,406

-

Investment property

5

1,155,000

1,115,000

1,170,406

1,115,000

CURRENT ASSETS

Debtors

6

205,613

25,226

Cash at bank

76,913

66,253

282,526

91,479

CREDITORS

Amounts falling due within one year

7

348,698

389,024

NET CURRENT LIABILITIES

(66,172

)

(297,545

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,104,234

817,455

CREDITORS

Amounts falling due after more than one year

8

(627,400

)

(370,527

)

PROVISIONS FOR LIABILITIES

(27,312

)

-

NET ASSETS

449,522

446,928

CAPITAL AND RESERVES

Called up share capital

1

1

Revaluation reserve

9

81,936

-

Retained earnings

367,585

446,927

449,522

446,928

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 director acknowledges his 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 director and authorised for issue on 4 December 2025 and were signed by:

Mr B P Leister - Director

1.	STATUTORY INFORMATION

RBLC Gladstone 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.

Turnover

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

Tangible fixed assets

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

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 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 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.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

18,532

At 31 March 2025

18,532

DEPRECIATION

Charge for year

3,126

At 31 March 2025

3,126

NET BOOK VALUE

At 31 March 2025

15,406

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

1,115,000

Additions

125,397

Disposals

(50,000

)

Revaluations

(35,397

)

At 31 March 2025

1,155,000

NET BOOK VALUE

At 31 March 2025

1,155,000

At 31 March 2024

1,115,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2024

1,115,000

Valuation in 2025

40,000

1,155,000

If the investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

1,045,751

849,630

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

199,487

-

Other debtors

6,126

25,226

205,613

25,226

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

12,847

-

Other creditors

335,851

389,024

348,698

389,024

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

627,400

370,527

9.

RESERVES

Revaluation

reserve

£

Revaluation reserve

81,936

At 31 March 2025

81,936

10.	DIRECTOR'S 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

£

£

Mr B P Leister

Balance outstanding at start of year

(329,388

)

-

Amounts advanced

81,296

72,435

Amounts repaid

(76,781

)

(401,823

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(324,873

)

(329,388

)

11.	RELATED PARTY DISCLOSURES

Included in the amounts owed by associated companies are as follows:

Equilibrium spaces ltd £187,547 (2024: Nil)

Kingfield Homes ltd £11,940 (2024: Nil)