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Company No: 01388130 (England and Wales)

# RYELANDS BUSINESS PARK LIMITED

### Unaudited Financial Statements
For the financial year ended 30 September 2025
Pages for filing with the registrar

RYELANDS BUSINESS PARK LIMITED

## Unaudited Financial Statements

For the financial year ended 30 September 2025

Contents

RYELANDS BUSINESS PARK LIMITED

## BALANCE SHEET

As at 30 September 2025
RYELANDS BUSINESS PARK LIMITED

## BALANCE SHEET (continued)

As at 30 September 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 4 | 72,253 |  | 99,412
Investment property | 5 | 5,549,093 |  | 5,666,838
Investments | 6 | 2 |  | 2
|  | 5,621,348 |  | 5,766,252
Current assets |  |  |  |
Debtors | 7 | 48,632 |  | 44,729
Cash at bank and in hand |  | 2,141,834 |  | 1,704,546
|  | 2,190,466 |  | 1,749,275
Creditors: amounts falling due within one year | 8 | ( 758,469) |  | ( 775,138)
Net current assets |  | 1,431,997 |  | 974,137
Total assets less current liabilities |  | 7,053,345 |  | 6,740,389
Creditors: amounts falling due after more than one year | 9 | ( 500,000) |  | ( 500,000)
Provision for liabilities |  | ( 289,472) |  | ( 324,769)
Net assets |  | 6,263,873 |  | 5,915,620
Capital and reserves |  |  |  |
Called-up share capital |  | 133 |  | 133
Undistributable reserve |  | 2,605,098 |  | 2,693,399
Profit and loss account |  | 3,658,642 |  | 3,222,088
Total shareholders' funds |  | 6,263,873 |  | 5,915,620

For the financial year ending 30 September 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 Ryelands Business Park Limited (registered number: 01388130) were approved and authorised for issue by the Board of Directors on 03 March 2026. They were signed on its behalf by:

R Hunt Director |

RYELANDS BUSINESS PARK LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2025
RYELANDS BUSINESS PARK LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 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

Ryelands 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 The Firs, Bagley Road, Rockwell Green, Wellington, TA21 9QD, 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 £.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for rents and similar recharges as well as storage facility services provided in the normal course of business, and is shown net of VAT and other sales related taxes.
Rent and storage facility revenue is recognised in the period to which it relates, when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the entity.

##### 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 other creditors or other debtors 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. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
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 tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.
Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill | 5 years straight line

###### Goodwill

Goodwill arises on business combinations and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. 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:

Leasehold improvements | 15 years straight line
Plant and machinery | 4 - 10 years straight line
Vehicles | 4 years straight line
Fixtures and fittings | 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.

##### Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.
The Company as lessor
Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight-line basis over the lease term.

##### 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 derived from discounted future expected returns over the course of the lease with changes in fair value 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. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

##### 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.

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.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Profit and Loss Account. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Loans and 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.

##### Ordinary share capital

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

##### 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

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 6 |  | 6

#### 3. Intangible assets

| Goodwill |  | Total
| £ |  | £
Cost |  |  |
At 01 October 2024 | 15,000 |  | 15,000
At 30 September 2025 | 15,000 |  | 15,000
Accumulated amortisation |  |  |
At 01 October 2024 | 15,000 |  | 15,000
At 30 September 2025 | 15,000 |  | 15,000
Net book value |  |  |
At 30 September 2025 | 0 |  | 0
At 30 September 2024 | 0 |  | 0

#### 4. Tangible assets

| Leasehold improve- ments |  | Plant and machinery |  | Vehicles |  | Fixtures and fittings |  | Total
| £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |
At 01 October 2024 | 76,812 |  | 811,643 |  | 6,250 |  | 49,287 |  | 943,992
Additions | 0 |  | 9,751 |  | 0 |  | 0 |  | 9,751
Disposals | 0 |  | ( 5,978) |  | 0 |  | 0 |  | ( 5,978)
At 30 September 2025 | 76,812 |  | 815,416 |  | 6,250 |  | 49,287 |  | 947,765
Accumulated depreciation |  |  |  |  |  |  |  |  |
At 01 October 2024 | 59,331 |  | 730,017 |  | 6,250 |  | 48,982 |  | 844,580
Charge for the financial year | 5,123 |  | 30,489 |  | 0 |  | 215 |  | 35,827
Disposals | 0 |  | ( 4,895) |  | 0 |  | 0 |  | ( 4,895)
At 30 September 2025 | 64,454 |  | 755,611 |  | 6,250 |  | 49,197 |  | 875,512
Net book value |  |  |  |  |  |  |  |  |
At 30 September 2025 | 12,358 |  | 59,805 |  | 0 |  | 90 |  | 72,253
At 30 September 2024 | 17,481 |  | 81,626 |  | 0 |  | 305 |  | 99,412

#### 5. Investment property

| Investment property
| £
Valuation |
As at 01 October 2024 | 5,666,838
Fair value movement | (117,745)
As at 30 September 2025 | 5,549,093

Valuation

Investment property is revalued at each reporting date based on discounted future expected returns over the course of the lease.

#### 6. Fixed asset investments

Investments in subsidiaries

| 2025
| £
Cost |
At 01 October 2024 | 2
At 30 September 2025 | 2
Carrying value at 30 September 2025 | 2
Carrying value at 30 September 2024 | 2

#### 7. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 9,295 |  | 17,807
Other debtors | 39,337 |  | 26,922
| 48,632 |  | 44,729

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

| 2025 |  | 2024
| £ |  | £
Trade creditors | 1,482 |  | 75,596
Amounts owed to Group undertakings | 2 |  | 2
Taxation and social security | 250,888 |  | 250,209
Other creditors | 506,097 |  | 449,331
| 758,469 |  | 775,138

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

#### 9. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Other creditors | 500,000 |  | 500,000

Within other creditors, there are 500,000 preference shares of £1 each allotted, called up and fully paid. These are included in creditors due over one year in accordance with accounting standards.
The preference shares have a right to a fixed preferential dividend per annum on the capital to the extent that there are profits available for distribution in each year in respect of the 12 months prior to the date on which the dividend is paid. On the winding up of the company, the holders of these shares are entitled, in priority over other shares, to the amounts paid up on those shares and any arrears of dividends.

#### 10. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

| 2025 |  | 2024
| £ |  | £
within one year | 121,500 |  | 80,000
between one and five years | 688,500 |  | 540,000
after five years | 0 |  | 168,750
Total future minimum lease payments under non-cancellable operating leases | 810,000 |  | 788,750

The company holds operating lease arrangements in respect of its business premises.

#### 11. Related party transactions

Transactions with the entity's directors

Advances

The directors loan accounts are repayable on demand.
At 1 October 2024, the balance owed by D Hunt was £16,263. During the year, £26,582 was advanced to D Hunt, and £34,273 was repaid by D Hunt. At 30 September 2025, the balance owed by D Hunt was £8,572.
At 1 October 2023, the balance owed by D Hunt was £4,575. During the year, £42,568 was advanced to D Hunt, and £30,880 was repaid by D Hunt. At 30 September 2024, the balance owed by D Hunt was £16,263.