REGISTERED NUMBER: 00181324 (England and Wales)

R.W.D. Properties Limited

Unaudited Financial Statements

for the Year Ended 31 March 2025

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Directors:

F P Ashcroft

Mrs C Shenkin

Registered office:

Mynshull House

78 Churchgate

Stockport

Cheshire

SK1 1YJ

Registered number:

00181324 (England and Wales)

Accountants:

Mitchell Charlesworth

Mynshull House

78 Churchgate

Stockport

Cheshire

SK1 1YJ

Fixed assets

Investment property

4

6,971,000

7,146,000

Current assets

Debtors

5

27,213

42,457

Cash at bank

236,396

82,237

263,609

124,694

Creditors

Amounts falling due within one year

6

(182,490

)

(167,037

)

Net current assets/(liabilities)

81,119

(42,343

)

Total assets less current liabilities

7,052,119

7,103,657

Creditors

Amounts falling due after more than one year

7

(1,024,053

)

(1,137,053

)

Provisions for liabilities

9

(303,638

)

(230,335

)

Net assets

5,724,428

5,736,269

Capital and reserves

Called up share capital

10

34,962

35,575

Capital redemption reserve

20,238

19,625

Fair value reserve

11

1,137,184

1,207,221

Retained earnings

4,532,044

4,473,848

Shareholders' funds

5,724,428

5,736,269

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 11 December 2025 and were signed on its behalf by:

F P Ashcroft - Director

1.	Statutory information

R.W.D. Properties 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.

Investment property

Investment properties and ground rents are initially measured at cost and subsequently measured at fair value. Changes in fair value are recognised in profit or loss.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in FRS 102. The directors consider that, because investment properties are not held for consumption, but for their investment potential, to depreciate them would not give a true and fair view.

If this departure from the Companies Act 2006 had not been made in order to give a true and fair view, the profit for the financial year would have been reduced by depreciation. However the amount of depreciation cannot reasonably be quantified, because depreciation is only one of many factors reflected in the annual valuation and the amount relating to the depreciation of the property cannot be separately identified.

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.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when they are paid. Final equity dividends are recognised when approved by the shareholder at an annual general meeting.

3.	Employees and directors

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

4.	Investment property

Total

£

Fair value

At 1 April 2024

7,146,000

Disposals

(175,000

)

At 31 March 2025

6,971,000

Net book value

At 31 March 2025

6,971,000

At 31 March 2024

7,146,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

6,971,000

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

31.3.25

31.3.24

£

£

Cost

5,530,178

5,708,444

Investment property was valued on an open market basis on 31 March 2025 by the directors .

5.

Debtors: amounts falling due within one year

31.3.25

31.3.24

£

£

Trade debtors

4,457

7,659

Other debtors

22,756

34,798

27,213

42,457

6.

Creditors: amounts falling due within one year

31.3.25

31.3.24

£

£

Taxation and social security

61,313

44,660

Other creditors

121,177

122,377

182,490

167,037

7.

Creditors: amounts falling due after more than one year

31.3.25

31.3.24

£

£

Bank loans

1,024,053

1,137,053

8.	Secured debts

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

1,024,053

1,137,053

9.	Provisions for liabilities

31.3.25

31.3.24

£

£

Deferred tax

303,638

230,335

Deferred

tax

£

Balance at 1 April 2024

230,335

Provided during year

73,303

Balance at 31 March 2025

303,638

10.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

34,962

Ordinary

£1

34,962

35,575

The company purchased 613 of its own shares during the year for £69,032.

11.

Reserves

Fair

value

reserve

£

At 1 April 2024

1,207,221

Transfer from retained earnings

(70,037

)

At 31 March 2025

1,137,184