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Company No: 00384200 (England and Wales)

# RODHUS PROPERTIES LIMITED

### Unaudited Financial Statements
For the financial year ended 31 January 2025
Pages for filing with the registrar

RODHUS PROPERTIES LIMITED

## Unaudited Financial Statements

For the financial year ended 31 January 2025

Contents

RODHUS PROPERTIES LIMITED

## COMPANY INFORMATION

For the financial year ended 31 January 2025
RODHUS PROPERTIES LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 31 January 2025

Directors | R C B M Ainsworth
| Y E Ainsworth (Resigned 09 October 2025)

Secretary | R C B M Ainsworth

Registered office | 30 Hollingdean Road
| Brighton
| Sussex
| BN2 4AA
| United Kingdom

Company number | 00384200 (England and Wales)

Accountant | Kreston Reeves LLP
| Projects Nile House
| Nile Street
| Brighton
| BN1 1HW

## ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF RODHUS PROPERTIES LIMITED

For the financial year ended 31 January 2025

## ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF RODHUS PROPERTIES LIMITED (continued)

For the financial year ended 31 January 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rodhus Properties Limited for the financial year ended 31 January 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 Rodhus Properties 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 loss of Rodhus Properties Limited. You consider that Rodhus Properties 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 Rodhus Properties 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 Director of Rodhus Properties Limited, as a body, in accordance with the terms of our engagement letter dated 20 July 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Rodhus Properties Limited and state those matters that we have agreed to state to the director of Rodhus Properties 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 Rodhus Properties Limited and its Director as a body for our work or for this report.

Kreston Reeves LLP

Projects Nile House
Nile Street
Brighton
BN1 1HW

21 January 2026

RODHUS PROPERTIES LIMITED

## BALANCE SHEET

As at 31 January 2025
RODHUS PROPERTIES LIMITED

## BALANCE SHEET (continued)

As at 31 January 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 1,750 |  | 5,072
Investment property | 4 | 3,500,000 |  | 3,500,000
|  | 3,501,750 |  | 3,505,072
Current assets |  |  |  |
Debtors | 5 | 31,419 |  | 28,451
Cash at bank and in hand |  | 30,709 |  | 32,457
|  | 62,128 |  | 60,908
Creditors: amounts falling due within one year | 6 | ( 321,010) |  | ( 322,200)
Net current liabilities |  | (258,882) |  | (261,292)
Total assets less current liabilities |  | 3,242,868 |  | 3,243,780
Provision for liabilities | 7 | ( 641,391) |  | ( 641,452)
Net assets |  | 2,601,477 |  | 2,602,328
Capital and reserves |  |  |  |
Called-up share capital |  | 1,000 |  | 1,000
Revaluation reserve |  | 2,557,244 |  | 2,557,244
Other reserves |  | 1,600 |  | 1,600
Profit and loss account |  | 41,633 |  | 42,484
Total shareholder's funds |  | 2,601,477 |  | 2,602,328

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

Director's responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges 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 Rodhus Properties Limited (registered number: 00384200) were approved and authorised for issue by the Director on 21 January 2026. They were signed on its behalf by:

R C B M Ainsworth Director |

RODHUS PROPERTIES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
RODHUS PROPERTIES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025

##### 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

Rodhus Properties 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 30 Hollingdean Road, Brighton, Sussex, BN2 4AA, 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 one pound.

##### Going concern

These accounts are prepared on a going concern basis.

##### Turnover

Turnover represents amounts chargeable in respect of rental income.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

##### 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:

Office equipment | 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 carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are 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.

##### 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.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 2 |  | 2

#### 3. Tangible assets

| Office equipment |  | Total
| £ |  | £
Cost |  |  |
At 01 February 2024 | 16,590 |  | 16,590
Additions | 536 |  | 536
At 31 January 2025 | 17,126 |  | 17,126
Accumulated depreciation |  |  |
At 01 February 2024 | 11,518 |  | 11,518
Charge for the financial year | 3,858 |  | 3,858
At 31 January 2025 | 15,376 |  | 15,376
Net book value |  |  |
At 31 January 2025 | 1,750 |  | 1,750
At 31 January 2024 | 5,072 |  | 5,072

#### 4. Investment property

| Investment property
| £
Valuation |
As at 01 February 2024 | 3,500,000
As at 31 January 2025 | 3,500,000

The 2025 valuations were made by R C B M Ainsworth, one of the directors, on an open market value 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 | 242,631 |  | 242,631

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 2,774 |  | 3,606
Amounts owed by director | 20,514 |  | 17,673
Other debtors | 8,131 |  | 7,172
| 31,419 |  | 28,451

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Amounts owed to Group undertakings | 308,433 |  | 309,249
Accruals | 3,276 |  | 3,360
Taxation and social security | 2,932 |  | 3,315
Other creditors | 6,369 |  | 6,276
| 321,010 |  | 322,200

#### 7. Deferred tax

| 2025 |  | 2024
| £ |  | £
At the beginning of financial year | ( 641,452) |  | ( 640,971)
Credited/(charged) to the Profit and Loss Account | 61 |  | ( 481)
At the end of financial year | ( 641,391) |  | ( 641,452)

The deferred taxation balance is made up as follows:

| 2025 |  | 2024
| £ |  | £
Accelerated capital allowances | ( 437) |  | ( 1,049)
Tax losses carry forward | 6,514 |  | 7,065
Revaluation gains | ( 647,468) |  | ( 647,468)
| ( 641,391) |  | ( 641,452)

#### 8. Financial commitments

Pensions

The Company operates a defined contribution pension scheme for the director and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

| 2025 |  | 2024
| £ |  | £
Unpaid contributions due to the fund (inc. in other creditors) | 300 |  | 322

#### 9. Related party transactions

**Rodhus Investments Limited**
(Related company)
The directors of Rodhus Properties Limited were also directors of Rodhus Investments Limited. At the balance sheet date the amount due to Rodhus Investments Limited was £308,433 (2024 : £309,249).
**R C B M Ainsworth**
(Director)
During the year the director was provided with a loan, on which interest is charged, from the company. At the year end the amount due from the director was £20,514 (2024: £17,673).