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COMPANY REGISTRATION NUMBER: 00548789

T Rippon & Sons (Holdings) Limited

Filleted Unaudited Financial Statements

30 April 2025

T Rippon & Sons (Holdings) Limited

Financial Statements

Year ended 30 April 2025

Contents | Page

Statement of financial position | 1

Notes to the financial statements | 3

T Rippon & Sons (Holdings) Limited

Statement of Financial Position

30 April 2025

| 2025 | 2024
Note | £ | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 9,096,179 |  | 9,322,190
Investments | 6 |  | 701,451 |  | 701,451
|  | ------------ |  | -------------
|  | 9,797,630 |  | 10,023,641

Current assets

Debtors | 7 | 1,381,345 |  | 1,716,593 |
Cash at bank and in hand | 43,955 |  | 71,452 |
| ------------ |  | ------------ |
| 1,425,300 |  | 1,788,045 |

Creditors: amounts falling due within one year | 8 | 2,318,426 |  | 2,163,366 |
| ------------ |  | ------------ |
Net current liabilities |  | 893,126 |  | 375,321
|  | ------------ |  | -------------
Total assets less current liabilities |  | 8,904,504 |  | 9,648,320

Provisions |  | 466,610 |  | 457,517
|  | ------------ |  | ------------
Net assets |  | 8,437,894 |  | 9,190,803
|  | ------------ |  | ------------

Capital and reserves

Called up share capital | 9 |  | 373,920 |  | 373,920
Capital redemption reserve |  | 118,080 |  | 118,080
Profit and loss account |  | 7,945,894 |  | 8,698,803
|  | ------------ |  | ------------
Shareholders funds |  | 8,437,894 |  | 9,190,803
|  | ------------ |  | ------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 April 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 year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

T Rippon & Sons (Holdings) Limited

Statement of Financial Position (continued)

30 April 2025
These financial statements were approved by the board of directors and authorised for issue on 10 April 2026 , and are signed on behalf of the board by:

DJ Porter
Director

Company registration number: 00548789

T Rippon & Sons (Holdings) Limited

Notes to the Financial Statements

Year ended 30 April 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Office 1 Summit House, Waterloo Lane, Chelmsford, Essex, CM1 1BD.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Group accounts not prepared
The company is part of a small group and is exempt from preparing consolidated accounts under S398 of the Companies Act 2006.
Revenue recognition
Turnover comprises the fair value of the consideration received for rental income in the ordinary course of the company's activities. Turnover is shown net of returns, rebates and discounts. The company recognises revenue when: - the amount of revenue can be reliably measured; - it is probable that future economic benefits will flow to the entity; - and specific criteria have been met for each of the company's activities.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, 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. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income. Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference .
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost or valuation of assets, other than land and properties under construction over their estimated useful lives, as follows:

| Fixtures, fittings & equipment | - | 15% reducing balance/ 25% straight line (website)

Investment property
Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Investments
Investments in equity shares which are publicly traded or where fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividend on equity shares securities are recognised in income when receivable.
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors represent amounts due from tenants for rental charges.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as as non-current liabilities.
Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company's shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the Statement of Comprehensive Income.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits to employee service in the current and prior periods. Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 7 (2024: 6 ).
5. Tangible assets

| Investment properties | Fixtures and fittings | Total
| £ | £ | £
Cost or valuation |  |  |
At 1 May 2024 | 9,317,750 | 20,671 | 9,338,421
Disposals | ( 350,000) | ( 409) | ( 350,409)
Revaluations | 125,750 | – | 125,750
| ------------ | -------- | ------------
At 30 April 2025 | 9,093,500 | 20,262 | 9,113,762
| ------------ | -------- | ------------
Depreciation |  |  |
At 1 May 2024 | – | 16,231 | 16,231
Charge for the year | – | 1,762 | 1,762
Disposals | – | ( 410) | ( 410)
| ------------ | -------- | ------------
At 30 April 2025 | – | 17,583 | 17,583
| ------------ | -------- | ------------
Carrying amount |  |  |
At 30 April 2025 | 9,093,500 | 2,679 | 9,096,179
| ------------ | -------- | ------------
At 30 April 2024 | 9,317,750 | 4,440 | 9,322,190
| ------------ | -------- | ------------

Included within the net book value of land and buildings above is £8,158,500 (2024: £8,432,750) in respect of freehold land and buildings. Revaluations The investment properties were revalued by Elwell Taylor who is a member of the Royal Institute of Chartered Surveyors. The basis of these valuations is market value in accordance with the RICS Valuation Standards. The historical cost of the investment properties is £4,288,065 (2024: £4,308,871).
6. Investments

| Shares in group undertakings
| £
Cost |
At 1 May 2024 and 30 April 2025 | 701,451
| ---------
Impairment |
At 1 May 2024 and 30 April 2025 | –
| ---------

Carrying amount |
At 30 April 2025 | 701,451
| ---------
At 30 April 2024 | 701,451
| ---------

Subsidiaries, associates and other investments

| Class of share | Percentage of shares held
Subsidiary undertakings |  |
T.Rippon Estates Limited | Ordinary | 100
T.Rippon & Sons Limited | Ordinary | 100

The registered office of all of the above subsidiaries is Office 1 Summit House, Waterloo Lane, Chelmsford, Essex, CM1 1BD
7. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 46,801 | 21,426
Amounts owed by group undertakings and undertakings in which the company has a participating interest | 1,240,637 | 1,597,852
Other debtors | 93,907 | 97,315
| ------------ | ------------
| 1,381,345 | 1,716,593
| ------------ | ------------

The amount due from group undertakings of £1,240,637 (2024: £1,597,852) is a loan due to T Rippon & Sons (Holdings) Limited from its wholly owned subsidiary, T Rippon Estates Limited. This debt is only repayable, in whole or in part, on giving 12 months notice to T Rippon Estates Limited. Of this total, £400,000 (2024: £400,000) bear interest at base rate. The remainder of the loan is non-interest bearing.
8. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 80,352 | 69,868
Amounts owed to group undertakings | 100 | 100
Accruals and deferred income | 119,789 | 120,008
Social security and other taxes | 15,848 | 21,982
Other creditors | 2,102,337 | 1,951,408
| ------------ | ------------
| 2,318,426 | 2,163,366
| ------------ | ------------

Handelsbanken have first priority legal charges over certain freehold properties.
9. Called up share capital
Issued, called up and fully paid

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £ 1 each | 373,920 | 373,920 | 373,920 | 373,920
| --------- | --------- | --------- | ---------

10. Related party transactions
Transactions with directors During the year, there were professional fees of £43,224 (2024: £48,976) paid to two companies, both of which have a director in common. At the balance sheet date, £9,850 (2024: £8,766) was owed to a company with common directors. During the year, rental income of £15,609 (2024: £7,800) was received from a director of the company. During the year, interest of £44,561 (2024: £74,494) was paid in relation to loans from the directors, of which £44,244 (2024: £70,424) was paid to directors who are also shareholders of the company. At the balance sheet date, the company owed the directors £1,302,272 (2024: £1,185,601) which is shown amongst other creditors. Transactions with owners of the company Interest of £66,363 (2024: £96,489) was paid in relation to loans to other shareholders in the company. Included in these amounts was interest of £44,244 (2024: £70,424) paid to the directors of the company who are also shareholders. At the balance sheet date, the amount owed to the shareholders of the company amounts to £1,700,823 (2024: £1,556,995). Included in these balances are amounts owed of £1,301,370 (2024: 1,142,954) owed to directors who are also shareholders. Exemption from disclosing transactions with wholly owned group companies The company has taken advantage of the exemptions granted by paragraph 33.1A of FRS 102 from the requirement to disclose with wholly owned group companies.