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Company No: 00447857 (England and Wales)

# RICHARD DRURY PROPERTIES LIMITED

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

RICHARD DRURY PROPERTIES LIMITED

## Unaudited Financial Statements

For the financial year ended 31 October 2025

Contents

RICHARD DRURY PROPERTIES LIMITED

## COMPANY INFORMATION

For the financial year ended 31 October 2025
RICHARD DRURY PROPERTIES LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 31 October 2025

Directors | C A Brinson
| C R Hawkins

Secretary | C R Hawkins

Registered office | Kreston Reeves LLP
| Springfield House
| Springfield Road
| Horsham
| RH12 2RG
| United Kingdom

Company number | 00447857 (England and Wales)

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

## ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF RICHARD DRURY PROPERTIES LIMITED

For the financial year ended 31 October 2025

## ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF RICHARD DRURY PROPERTIES LIMITED (continued)

For the financial year ended 31 October 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 Richard Drury Properties Limited for the financial year ended 31 October 2025 which comprise the Balance Sheet, the Statement of Changes in Equity and the related notes 1 to 8 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 Richard Drury 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 profit of Richard Drury Properties Limited. You consider that Richard Drury 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 Richard Drury 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 Board of Directors of Richard Drury Properties Limited, as a body, in accordance with the terms of our engagement letter dated 22 November 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Richard Drury Properties Limited and state those matters that we have agreed to state to the Board of Directors of Richard Drury 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 Richard Drury Properties 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

19 February 2026

RICHARD DRURY PROPERTIES LIMITED

## BALANCE SHEET

As at 31 October 2025
RICHARD DRURY PROPERTIES LIMITED

## BALANCE SHEET (continued)

As at 31 October 2025

| Note | 31.10.2025 |  | 31.10.2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 4 | 725,000 |  | 1,249,200
Investments | 5 | 286,702 |  | 271,177
|  | 1,011,702 |  | 1,520,377
Current assets |  |  |  |
Debtors | 6 | 20,978 |  | 21,536
Cash at bank and in hand |  | 568,278 |  | 24,787
|  | 589,256 |  | 46,323
Creditors: amounts falling due within one year | 7 | ( 137,577) |  | ( 16,537)
Net current assets |  | 451,679 |  | 29,786
Total assets less current liabilities |  | 1,463,381 |  | 1,550,163
Provision for liabilities | 8 | ( 118,675) |  | ( 234,408)
Net assets |  | 1,344,706 |  | 1,315,755
Capital and reserves |  |  |  |
Called-up share capital |  | 14,357 |  | 14,357
Revaluation reserve |  | 652,878 |  | 1,035,676
Profit and loss account |  | 677,471 |  | 265,722
Total shareholders' funds |  | 1,344,706 |  | 1,315,755

For the financial year ending 31 October 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 Statement of Comprehensive Income has not been delivered.

The financial statements of Richard Drury Properties Limited (registered number: 00447857) were approved and authorised for issue by the Board of Directors on 19 February 2026. They were signed on its behalf by:

C R Hawkins Director |

RICHARD DRURY PROPERTIES LIMITED

## STATEMENT OF CHANGES IN EQUITY

For the financial year ended 31 October 2025
RICHARD DRURY PROPERTIES LIMITED

## STATEMENT OF CHANGES IN EQUITY (continued)

For the financial year ended 31 October 2025

| Called-up share capital |  | Revaluation reserve |  | Profit and loss account |  | Total
| £ |  | £ |  | £ |  | £
At 01 November 2023 | 14,357 |  | 817,774 |  | 247,967 |  | 1,080,098
Loss for the financial year | 0 |  | 0 |  | ( 13,420) |  | ( 13,420)
Gain arising on fair value movement of tangible fixed assets | 0 |  | 276,642 |  | 0 |  | 276,642
Total comprehensive income | 0 |  | 276,642 |  | ( 13,420) |  | 263,222
Dividends paid on equity shares | 0 |  | 0 |  | ( 27,565) |  | ( 27,565)
Transfer between reserves | 0 |  | ( 58,740) |  | 58,740 |  | 0
At 31 October 2024 | 14,357 |  | 1,035,676 |  | 265,722 |  | 1,315,755
At 01 November 2024 | 14,357 |  | 1,035,676 |  | 265,722 |  | 1,315,755
Profit for the financial year | 0 |  | 0 |  | 59,783 |  | 59,783
Gain arising on fair value movement of tangible fixed assets | 0 |  | 15,110 |  | 0 |  | 15,110
Total comprehensive income | 0 |  | 15,110 |  | 59,783 |  | 74,893
Dividends paid on equity shares | 0 |  | 0 |  | ( 45,942) |  | ( 45,942)
Transfer between reserves | 0 |  | ( 397,908) |  | 397,908 |  | 0
At 31 October 2025 | 14,357 |  | 652,878 |  | 677,471 |  | 1,344,706

RICHARD DRURY PROPERTIES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2025
RICHARD DRURY PROPERTIES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 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

Richard Drury 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 Kreston Reeves LLP, Springfield House, Springfield Road, Horsham, 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 £.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Statement of Comprehensive Income in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is derived from rents receivable. Turnover is recognised when all of the following conditions are satisfied:
-the amount of revenue can be reliably measured;
-it is probable that future economic benefits will flow to the entity;
-and the stage of completion of the service provided can be measured reliably. This is usually once services have been provided

##### 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.

##### 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 annually by the directors, on an open market value for existing use basis.

##### 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.

##### 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.

##### Dividends

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

#### 2. Employees

| 31.10.2025 |  | 31.10.2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 2 |  | 2

#### 3. Tax on profit

| 31.10.2025 |  | 31.10.2024
| £ |  | £
Current tax on profit |  |  |
UK corporation tax | 132,457 |  | 11,009
Total current tax | 132,457 |  | 11,009
Deferred tax |  |  |
Origination and reversal of timing differences | ( 115,733) |  | 61,050
Total deferred tax | ( 115,733) |  | 61,050
Total tax on profit | 16,724 |  | 72,059

#### 4. Tangible assets

| Investment property |  | Total
| £ |  | £
Cost |  |  |
At 01 November 2024 | 1,249,200 |  | 1,249,200
Disposals | ( 524,200) |  | ( 524,200)
At 31 October 2025 | 725,000 |  | 725,000
Accumulated depreciation |  |  |
At 01 November 2024 | 0 |  | 0
At 31 October 2025 | 0 |  | 0
Net book value |  |  |
At 31 October 2025 | 725,000 |  | 725,000
At 31 October 2024 | 1,249,200 |  | 1,249,200

The investment properties class of fixed assets was revalued on 31 October 2025 by the directors who are internal to the company. The basis of this valuation was open market value. This class of assets has a current value of £725,000 (2024: £1,249,200).
If the land and buildings had not been included at valuation they would have been included under the historical cost convention at £12,299 (2024: 22,858).

#### 5. Fixed asset investments

| Listed investments |  | Other investments |  | Total
| £ |  | £ |  | £
Cost or valuation before impairment |  |  |  |  |
At 01 November 2024 | 270,927 |  | 250 |  | 271,177
Additions | 23,927 |  | 0 |  | 23,927
Disposals | ( 23,513) |  | 0 |  | ( 23,513)
Movement in fair value | 15,111 |  | 0 |  | 15,111
At 31 October 2025 | 286,452 |  | 250 |  | 286,702
Carrying value at 31 October 2025 | 286,452 |  | 250 |  | 286,702
Carrying value at 31 October 2024 | 270,927 |  | 250 |  | 271,177

#### 6. Debtors

| 31.10.2025 |  | 31.10.2024
| £ |  | £
Prepayments | 20,978 |  | 21,329
Other debtors | 0 |  | 207
| 20,978 |  | 21,536

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

| 31.10.2025 |  | 31.10.2024
| £ |  | £
Trade creditors | 0 |  | 472
Accruals and deferred income | 5,120 |  | 4,760
Corporation tax | 132,457 |  | 11,009
Other taxation and social security | 0 |  | 296
| 137,577 |  | 16,537

#### 8. Deferred tax

| 31.10.2025 |  | 31.10.2024
| £ |  | £
At the beginning of financial year | ( 234,408) |  | ( 173,358)
Credited/(charged) to the Profit and Loss Account | 115,733 |  | ( 61,050)
At the end of financial year | ( 118,675) |  | ( 234,408)

The deferred taxation balance is made up as follows:

| 31.10.2025 |  | 31.10.2024
| £ |  | £
Capital gains | ( 118,675) |  | ( 234,408)