Company No: 00720332 (England and Wales)

Contents

• Company Information
• Accountants' Report
• Balance Sheet
• Notes to the Financial Statements

Directors	D S H Gillingham
	A C S Gillingham - Aukner

Secretary

D S H Gillingham

Registered office	Springfield House
	Springfield Road
	Horsham
	West Sussex
	RH12 2RG
	United Kingdom

Company number

00720332 (England and Wales)

Accountant	Kreston Reeves LLP
	Springfield House
	Springfield Road
	Horsham
	West Sussex
	RH12 2RG

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rosier Business Park Limited for the financial year ended 31 March 2025 which comprise the Balance Sheet and the related notes 1 to 9 from the Company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

It is your duty to ensure that Rosier Business Park Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Rosier Business Park Limited. You consider that Rosier Business Park Limited is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of Rosier Business Park Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report is made solely to the Board of Directors of Rosier Business Park Limited, as a body, in accordance with the terms of our engagement letter dated 11 April 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Rosier Business Park Limited and state those matters that we have agreed to state to the Board of Directors of Rosier Business Park Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rosier Business Park Limited and its Board of Directors as a body for our work or for this report.

Kreston Reeves LLP

Springfield House
Springfield Road
Horsham
West Sussex
RH12 2RG

16 December 2025

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	51,542		12,853
Investment property	4	5,751,500		5,455,479
Investments	5	4		4
		5,803,046		5,468,336
Current assets
Stocks		4,270		4,262
Debtors	6	198,633		172,530
Cash at bank and in hand		492,555		519,333
		695,458		696,125
Creditors: amounts falling due within one year	7	( 358,534)		( 206,208)
Net current assets		336,924		489,917
Total assets less current liabilities		6,139,970		5,958,253
Provision for liabilities	8	( 765,964)		( 662,121)
Net assets		5,374,006		5,296,132
Capital and reserves
Called-up share capital		2,000		2,000
Revaluation reserve		2,520,090		2,631,651
Profit and loss account		2,851,916		2,662,481
Total shareholders' funds		5,374,006		5,296,132

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge 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 Rosier Business Park Limited (registered number: 00720332) were approved and authorised for issue by the Board of Directors on 16 December 2025. They were signed on its behalf by:

D S H Gillingham 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

Rosier Business Park Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Springfield House, Springfield Road, Horsham, West Sussex, RH12 2RG, United Kingdom.

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 £1.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Turnover

Revenue is derived from rental income and is recognised in the period in which the rent relates to. 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.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

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.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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 or reducing balance basis over its expected useful life, as follows:

Plant and machinery	5 years straight line
Vehicles	4 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.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

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.

The fair value is determined by either external valuers or the directors, and derived from current market rent and investment property yields for comparable real estate, adjusted if necessary, for any difference in nature, location or condition of the specific property.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials and direct labour based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

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, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	3		3

3. Tangible assets

	Plant and machinery		Vehicles		Total
	£		£		£
Cost
At 01 April 2024	200,285		115,265		315,550
Additions	1,923		52,590		54,513
Disposals	( 370)		0		( 370)
At 31 March 2025	201,838		167,855		369,693
Accumulated depreciation
At 01 April 2024	187,432		115,265		302,697
Charge for the financial year	3,772		12,052		15,824
Disposals	( 370)		0		( 370)
At 31 March 2025	190,834		127,317		318,151
Net book value
At 31 March 2025	11,004		40,538		51,542
At 31 March 2024	12,853		0		12,853

4. Investment property

	Investment property
	£
Valuation
As at 01 April 2024	5,455,479
Additions	232,696
Fair value movement	63,325
As at 31 March 2025	5,751,500

Valuation

The fair value of the investment property as at 31 March 2025 was arrived at on the basis of valuations carried out by Batcheller Monkhouse, an independent valuer, having appropriate relevant professional qualifications and recent experience in the location and category of property being valued. The valuations are on an open market for existing use basis.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

	2025		2024
	£		£
Historic cost	2,507,394		2,274,696

5. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 April 2024	4
At 31 March 2025	4
Carrying value at 31 March 2025	4
Carrying value at 31 March 2024	4

6. Debtors

	2025		2024
	£		£
Trade debtors	52,986		66,699
Amounts owed by Group undertakings (note 9)	90,058		64,714
Amounts owed by associates (note 9)	5,987		2,340
Other debtors	49,602		38,777
	198,633		172,530

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	241,118		96,937
Amounts owed to Group undertakings (note 9)	2		2
Amounts owed to directors (note 9)	1,014		1,013
Accruals and deferred income	105,529		98,568
Other taxation and social security	1,973		930
Other creditors	8,898		8,758
	358,534		206,208

Amounts owed to Group undertakings are repayable on demand and do not bear interest.

8. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	( 662,121)		( 666,099)
(Charged)/credited to the Profit and Loss Account	( 103,843)		3,978
At the end of financial year	( 765,964)		( 662,121)

The deferred taxation balance is made up as follows:

	2025		2024
	£		£
Accelerated capital allowances	( 43,811)		( 17,583)
Revaluation of investment property	( 724,017)		( 650,013)
Tax losses carry forward	1,850		5,475
Other timing differences	14		0
	( 765,964)		( 662,121)

9. Related party transactions

The Company has availed of the exemption provided in FRS 102 Section 33 Related Party Disclosures not to disclose transactions entered into with fellow group companies that are wholly owned within the group of companies of which the Company is a wholly owned member.

Transactions with companies in which the entity itself has a participating interest

Amounts owed by associates

	2025		2024
	£		£
Daux Intercompany	5,987		2,340

During the year the company continued to provide a loan to Daux Agricultural Limited. The loan is interest free and repayable on demand.

Transactions with the entity’s directors (or members of its governing body)

Amounts owed to directors

	2025		2024
	£		£
Directors' Loan Account	1,014		1,013

During the year one of the Director's continued to provide a loan to the company. The loan is interest free and repayable on demand.