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Registration number: 00596604

R A Duckett & Company Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2025

R A Duckett & Company Limited

Contents

Statement of Financial Position | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 9

R A Duckett & Company Limited

(Registration number: 00596604)
Statement of Financial Position as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 359,447 | 359,481
Investment property | 5 | 1,028,750 | 1,028,750
Other financial assets | 6 | 484,476 | 541,842
|  | 1,872,673 | 1,930,073
Current assets |  |  |
Debtors | 7 | 51,355 | 54,249
Cash at bank and in hand |  | 52,363 | 21,704
|  | 103,718 | 75,953
Creditors: Amounts falling due within one year | 8 | (33,176) | (13,278)
Net current assets |  | 70,542 | 62,675
Total assets less current liabilities |  | 1,943,215 | 1,992,748
Creditors: Amounts falling due after more than one year | 8 | (181,622) | (180,442)
Provisions for liabilities |  | (213,189) | (196,192)
Net assets |  | 1,548,404 | 1,616,114
Capital and reserves |  |  |
Called up share capital |  | 430 | 430
Share premium reserve |  | 12,995 | 12,995
Profit and loss account |  | 1,534,979 | 1,602,689
Shareholders' funds |  | 1,548,404 | 1,616,114

For the financial year ending 31 December 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 14 April 2026 and signed on its behalf by:

R A Duckett & Company Limited

(Registration number: 00596604)
Statement of Financial Position as at 31 December 2025 (continued)

P E M Duckett Director

R A Duckett & Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
80 Oxford Street
Burnham on Sea
Somerset
TA8 1EF
England and Wales

Principal activity

The principal activity of the company is the rental of property, land and grass keep.

2 | Accounting policies

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Summary of disclosure exemptions

No cash flow statement has been presented for the company..

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable.

R A Duckett & Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

2 | Accounting policies (continued)

Tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Asset class | Depreciation method and rate
Equipment | -25% reducing balance
Motor vehicles | -25% reducing balance
Tractors | -25% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

R A Duckett & Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

2 | Accounting policies (continued)

Investment property

The non-provision of depreciation on freehold land and buildings is contrary to FRS 102 1A. However, in the opinion of the directors, this departure is not considered to have a material effect on the financial statements.

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.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, 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. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

R A Duckett & Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

2 | Accounting policies (continued)

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 statement of comprehensive income over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

R A Duckett & Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

4 | Tangible assets

| Land and buildings £ | Plant and machinery £ | Office equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 January 2025 | 359,347 | 2,590 | 2,480 | 6,100 | 370,517
At 31 December 2025 | 359,347 | 2,590 | 2,480 | 6,100 | 370,517
Depreciation
At 1 January 2025 | - | 2,456 | 2,480 | 6,100 | 11,036
Charge for the year | - | 34 | - | - | 34
At 31 December 2025 | - | 2,490 | 2,480 | 6,100 | 11,070
Carrying amount
At 31 December 2025 | 359,347 | 100 | - | - | 359,447
At 31 December 2024 | 359,347 | 134 | - | - | 359,481

5 | Investment properties

| 2025 £
At 1 January | 1,028,750
At 31 December | 1,028,750

Investment properties | Fair value £ | Cost £
Westerleigh Heath House | 400,000 | 29,384
Knoll View | 200,000 | 7,968
Farm Cottage | 240,000 | 5,600
Abbots Lodge | 188,750 | 113,381
| 1,028,750 | 156,333

The properties in England were revalued at their market value, with vacant possession, by the directors.

R A Duckett & Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

6 | Other financial assets (current and non-current)

| Investments £ | Total £
Non-current financial assets
Cost or valuation
At 1 January 2025 | 541,842 | 541,842
Fair value adjustments | 62,474 | 62,474
Additions | 6,513 | 6,513
Disposals | (126,353) | (126,353)
At 31 December 2025 | 484,476 | 484,476
Impairment
Carrying amount
At 31 December 2025 | 484,476 | 484,476

7 | Debtors

| 2025 £ | 2024 £
Other debtors | 50,000 | 50,000
Prepayments | 438 | 3,332
Accrued income | 917 | 917
| 51,355 | 54,249

R A Duckett & Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

8 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Taxation and social security | 26,956 | 7,454
Accruals and deferred income | 6,220 | 5,824
| 33,176 | 13,278

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings |  | 181,622 | 180,442

9 | Reserves

Profit and loss account:
This reserve records retained earnings and accumulated losses. The Profit and Loss account reserves included distributable reserves of £230,415 (2024: £375,250) and non-distributable reserves of £1,306,918 (2024: £1,227,439).
.

10 | Related party transactions

Transactions with directors

2025 | At 1 January 2025 £ | Advances to director £ | Repayments by director £ | At 31 December 2025 £
Directors' loan | (180,443) | 109,215 | (110,395) | (181,623)

2024 | At 1 January 2024 £ | Advances to director £ | Repayments by director £ | At 31 December 2024 £
Directors' loan | (167,862) | 97,544 | (110,125) | (180,443)