REGISTERED NUMBER: 00720048 (England and Wales)

R F Enterprises Limited

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Directors:

RB Folkes

PA Folkes

Secretary:

PA Folkes

Registered office:

5 Queen Street

Great Yarmouth

Norfolk

NR30 2QP

Registered number:

00720048 (England and Wales)

Accountants:

Fairhead Bradford

5 Queen Street

Great Yarmouth

Norfolk

NR30 2QP

Fixed assets

Tangible assets

4

825

1,200

Investments

5

1,685

1,581

Investment property

6

6,963,000

6,779,000

6,965,510

6,781,781

Current assets

Debtors

7

15,326

33,997

Cash at bank and in hand

710,664

535,728

725,990

569,725

Creditors

Amounts falling due within one year

8

556,398

565,100

Net current assets

169,592

4,625

Total assets less current liabilities

7,135,102

6,786,406

Creditors

Amounts falling due after more than one year

9

(140,451

)

(140,451

)

Provisions for liabilities

12

(434,962

)

(400,047

)

Net assets

6,559,689

6,245,908

Capital and reserves

Called up share capital

1,000

1,000

Revaluation reserve

13

3,108,451

2,959,346

Retained earnings

13

3,450,238

3,285,562

Shareholders' funds

6,559,689

6,245,908

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 30 December 2025 and were signed on its behalf by:

PA Folkes - Director

1.	Statutory information

R F Enterprises 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents revenue recognised by the company in respect of rental income receivable.

Tangible fixed assets

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

Plant & machinery 25% per annum reducing balance basis

Fixtures & fittings 25% per annum reducing balance basis

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.

Financial instruments

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

3.	Employees and directors

The average number of employees during the year was 2 (2024 - 2 ) .

4.	Tangible fixed assets

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

Cost

At 1 April 2024

821

5,670

6,491

Disposals

(821

)

-

(821

)

At 31 March 2025

-

5,670

5,670

Depreciation

At 1 April 2024

721

4,570

5,291

Charge for year

100

275

375

Eliminated on disposal

(821

)

-

(821

)

At 31 March 2025

-

4,845

4,845

Net book value

At 31 March 2025

-

825

825

At 31 March 2024

100

1,100

1,200

5.	Fixed asset investments

Listed

investments

£

Cost

At 1 April 2024

and 31 March 2025

4,204

Provisions

At 1 April 2024

2,623

Provision for year

(104

)

At 31 March 2025

2,519

Net book value

At 31 March 2025

1,685

At 31 March 2024

1,581

The market value of listed investments, all of which are listed on a recognised stock exchange, at the year end was £1,685 (2024 £1,581)

6.	Investment property

Total

£

Fair value

At 1 April 2024

6,779,000

Revaluations

184,000

At 31 March 2025

6,963,000

Net book value

At 31 March 2025

6,963,000

At 31 March 2024

6,779,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2021

2,530,341

Valuation in 2022

502,492

Valuation in 2023

198,412

Valuation in 2024

129,000

Valuation in 2025

184,000

Cost

3,418,755

6,963,000

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

31/3/25

31/3/24

£

£

Cost

3,418,755

3,418,755

Investment property was valued on an open market basis on 31 March 2025 by PA Folkes (company director) .

7.

Debtors: amounts falling due within one year

31/3/25

31/3/24

£

£

Trade debtors

1,197

19,985

Other debtors

25

1,107

Prepayments

14,104

12,905

15,326

33,997

8.

Creditors: amounts falling due within one year

31/3/25

31/3/24

£

£

Other loans (see note 10)

180,000

180,000

Trade creditors

7,719

7,722

Prepaid income

15,520

22,265

Corporation tax

56,466

59,954

Vat control account

4,372

1,571

Social security and other taxes

79

384

Other creditors

12,644

13,204

Directors' current accounts

279,598

280,000

556,398

565,100

9.

Creditors: amounts falling due after more than one year

31/3/25

31/3/24

£

£

Bank loans (see note 10)

140,451

140,451

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

140,451

140,451

10.

Loans

An analysis of the maturity of loans is given below:

31/3/25

31/3/24

£

£

Amounts falling due within one year or on demand:

Other loans

180,000

180,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

140,451

140,451

11.	Secured debts

The following secured debts are included within creditors:

31/3/25

31/3/24

£

£

Bank loans

140,451

140,451

The bank loans are secured by a legal charge over the companys freehold investment property,with interest chargeable at variable rates over the period of the loans.

12.	Provisions for liabilities

31/3/25

31/3/24

£

£

Deferred tax

434,962

400,047

Deferred

tax

£

Balance at 1 April 2024

400,047

Charge to Income Statement during year

34,915

Balance at 31 March 2025

434,962

13.

Reserves

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 April 2024

3,285,562

2,959,346

6,244,908

Profit for the year

313,781

313,781

Transfer retained earnings

(149,105

)

149,105

-

At 31 March 2025

3,450,238

3,108,451

6,558,689

14.	Ultimate controlling party

The Folkes family own 100 % of the issued share capital and are the companys ultimate controllers.