REGISTERED NUMBER: 04082119 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

RUSKIN GLASS CENTRE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr A C H Gordon OBE

Mr I K Clements

Mr O Cheney

Mr A T Griffin

SECRETARY:

Mrs A Whitbread

REGISTERED OFFICE:

Ruskin Mill

Millbottom

Nailsworth

Stroud

Gloucestershire

GL6 0LA

REGISTERED NUMBER:

04082119 (England and Wales)

ACCOUNTANTS:

Bronsens

Chartered Certified Accountants

Eden House

Two Rivers Business Park

Witney

Oxfordshire

OX28 4BL

FIXED ASSETS

Tangible assets

4

508,305

592,624

CURRENT ASSETS

Debtors

5

14,758

54,699

Cash at bank

214,250

131,975

229,008

186,674

CREDITORS

Amounts falling due within one year

6

914,835

965,274

NET CURRENT LIABILITIES

(685,827

)

(778,600

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(177,522

)

(185,976

)

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

(177,523

)

(185,977

)

SHAREHOLDERS' FUNDS

(177,522

)

(185,976

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2026 and were signed on its behalf by:

Mr A C H Gordon OBE - Director

1.	STATUTORY INFORMATION

Ruskin Glass Centre Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The nature of the company's operations and principal activity is that of managing retail workshops and organising art events at the Ruskin Glass Centre in Stourbridge, West Midlands. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

Over the term of the lease

Plant and machinery

-

25% on cost

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern

The director has reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For long term finance the company relies on loans provided by group undertakings, disclosed in the notes to these financial statements. In assessing going concern the director has received written assurance that these loans will not be repaid for the foreseeable future and, on that basis, continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Government grants

Government grants relating to tangible fixed assets are treated as deferred income and released to the Profit and Loss account over the expected useful live of the assets concerned. Other grants are credited to the Profit and Loss account as the related expenditure is incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Improvements

Short

to

Plant and

leasehold

property

machinery

Totals

£

£

£

£

COST

At 1 September 2024

and 31 August 2025

1,590,317

68,333

19,052

1,677,702

DEPRECIATION

At 1 September 2024

1,067,420

5,694

11,964

1,085,078

Charge for year

79,336

4,983

-

84,319

At 31 August 2025

1,146,756

10,677

11,964

1,169,397

NET BOOK VALUE

At 31 August 2025

443,561

57,656

7,088

508,305

At 31 August 2024

522,897

62,639

7,088

592,624

The short leasehold property is the Ruskin Glass Centre in Stourbridge. The directors regard the property as a functional asset of the company as it is used for one day a week to further the charitable objects of its parent company, Ruskin Mill Land Trust and the associated charity, Ruskin Mill Trust Limited.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

14,758

54,699

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade creditors

7,272

68

Amounts owed to group undertakings

524,366

520,976

Amounts owed to joint ventures

20,000

20,000

VAT

486

1,485

Accruals and deferred income

2,501

2,500

AWM Grant Creditor

360,210

420,245

914,835

965,274

Advantage West Midland - AWM Funding Agreement - is secured by a charge over certain group assets. This grant is being released in equal parts and will be fully released by 2031.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

£

1

Ordinary

£1

1

1

8.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

9.	ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking is Ruskin Mill Land Trust, an unincorporated registered charity. Copies of their accounts can be obtained from the Charity Commission, PO Box 1227, Liverpool, L69 3UG.