REGISTERED NUMBER: 00566295 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

R.M.W.F. LIMITED

Page

Company Information

1

Accountants' Report

2

Balance Sheet

3

to

4

Notes to the Financial Statements

5

to

9

DIRECTORS:

Mrs S J Osborne

Mrs T S Richardson

Mr M J Richardson

Mrs K J Richardson

Mr A Richardson

REGISTERED OFFICE:

First Floor North

40 Oxford Road

High Wycombe

Buckinghamshire

HP11 2EE

REGISTERED NUMBER:

00566295 (England and Wales)

ACCOUNTANTS:

Seymour Taylor Limited

First Floor North

40 Oxford Road

High Wycombe

Buckinghamshire

HP11 2EE

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of R.M.W.F. Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

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

It is your duty to ensure that R.M.W.F. 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 R.M.W.F. Limited. You consider that R.M.W.F. Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of R.M.W.F. 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.

Seymour Taylor Limited

First Floor North

40 Oxford Road

High Wycombe

Buckinghamshire

HP11 2EE

23 December 2025

FIXED ASSETS

Tangible assets

4

11,084

16,235

Investments

5

505,204

523,732

Investment property

6

8,600,000

8,600,000

9,116,288

9,139,967

CURRENT ASSETS

Debtors

7

95,902

173,863

Cash at bank and in hand

950,808

905,035

1,046,710

1,078,898

CREDITORS

Amounts falling due within one year

8

426,825

384,968

NET CURRENT ASSETS

619,885

693,930

TOTAL ASSETS LESS CURRENT LIABILITIES

9,736,173

9,833,897

PROVISIONS FOR LIABILITIES

9

1,253,715

1,280,936

NET ASSETS

8,482,458

8,552,961

CAPITAL AND RESERVES

Called up share capital

62,086

62,086

Fair value reserve

10

5,238,240

5,533,678

Retained earnings

3,182,132

2,957,197

SHAREHOLDERS' FUNDS

8,482,458

8,552,961

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 23 December 2025 and were signed on its behalf by:

Mrs K J Richardson - Director

1.	STATUTORY INFORMATION

R.M.W.F. 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

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimate useful life:

Furniture Fixture & Equipment - 14% on cost

Investment properties

Investment properties are properties which are held either to earn rental income or for capital appreciation or for both.

Investment properties are measured at cost upon initial recognition. The initial cost of the property comprises of its purchase price and any directly attributable expenditure.

Subsequently, investment property is measured at fair value at each reporting date with changes in fair value recognised in profit or loss in the period that they arise. No depreciation is provided in respect of investment properties applying the fair value model.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments

The company has applied the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instrument Issues" of FRS 102 to its financial statements.

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing

borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Investments

Investments are initially recognised at fair value which is usually the transaction price (excluding any transaction costs). Subsequently, the investments are measured at fair value through profit or loss except for those shares which cannot be publicly traded or where fair value cannot be reliably measured.

If reliable measurement of fair value cannot be obtained or this measure is no longer available, the investment's cost is deemed to be the fair value at the last point to which a reliable measurement was obtained. These instruments are recognised at cost less impairment until a reliable measure of fair value becomes available.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Furniture

fittings

& equipment

£

COST

At 1 April 2024

615,352

Additions

413

At 31 March 2025

615,765

DEPRECIATION

At 1 April 2024

599,117

Charge for year

5,564

At 31 March 2025

604,681

NET BOOK VALUE

At 31 March 2025

11,084

At 31 March 2024

16,235

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 April 2024

523,732

Revaluations

(18,528

)

At 31 March 2025

505,204

NET BOOK VALUE

At 31 March 2025

505,204

At 31 March 2024

523,732

In respect of the investments stated at market value, the comparable historical costs are as follows:

2025

2024

£

£

Historical cost of listed investments

420,000

420,000

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

8,600,000

NET BOOK VALUE

At 31 March 2025

8,600,000

At 31 March 2024

8,600,000

The investment properties are carried at their fair values. A professional valuation has been obtained during the year and the directors do not believe that this valuation has changed materially at the reporting date.

In respect of the investment properties stated at valuations, the comparable historical cost values are as follows:

2025

2024

£

£

Historical cost

2,109,759

2,109,759

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

81,129

155,331

Other debtors

14,773

18,532

95,902

173,863

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

39,043

39,243

Taxation and social security

167,397

99,523

Other creditors

220,385

246,202

426,825

384,968

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

1,253,715

1,280,936

Deferred

tax

£

Balance at 1 April 2024

1,280,936

Provided during year

(27,221

)

Balance at 31 March 2025

1,253,715

10.

RESERVES

Fair

value

reserve

£

At 1 April 2024

5,533,678

Transfer from profit and loss

(295,438

)

At 31 March 2025

5,238,240

11.	RELATED PARTY DISCLOSURES

At 31 March 2025, £6,000 (2024 - £6,000) was due from one of the the directors, Mr A Richardson, excluding his trust accounts.

Included within creditors is a total of £749 (2024 - £333) in respect of loans from family members or family trusts, upon which no interest is payable.