Company No: 00775173 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Investment property	4	8,904,117		8,431,000
Investments	5	16,583		16,583
		8,920,700		8,447,583
Current assets
Debtors	6	1,377,353		550,401
Cash at bank and in hand		380,074		964,637
		1,757,427		1,515,038
Creditors: amounts falling due within one year	7	( 1,559,426)		( 1,166,058)
Net current assets		198,001		348,980
Total assets less current liabilities		9,118,701		8,796,563
Provision for liabilities		( 772,350)		( 772,103)
Net assets		8,346,351		8,024,460
Capital and reserves
Called-up share capital		201		201
Share premium account		163,152		163,152
Revaluation reserve		2,392,771		2,392,771
Profit and loss account		5,790,227		5,468,336
Total shareholders' funds		8,346,351		8,024,460

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 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 Romfield Holdings Limited (registered number: 00775173) were approved and authorised for issue by the Board of Directors on 28 May 2026. They were signed on its behalf by:

L W Fairlie Director

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

Romfield Holdings 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 Grays, West Tytherley, Salisbury, Wiltshire, SP5 1LD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

Turnover

Turnover represents rental income receivable for the year and is recognised on an accruals basis in accordance with the relevant rental agreements.

Employee benefits

Defined contribution schemes
The company operates a defined contribution plan for its directors. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid, the company has no further payment obligations.

The contributions are recognised as an expense in the Profit and loss account when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Taxation

Current tax
The tax expense represents the sum of the tax currently payable and any deferred tax.

The current tax charge is based on the taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the balance sheet dale.

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 enacted or substantively enacted 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. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Office equipment

3 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the profit and loss account.

Investment property

Investment property is carried at fair value determined by an external qualified chartered surveyor. No depreciation is provided. Changes in fair value are recognised in the Profit and loss account and subsequently transferred from the Profit and loss account to the revaluation reserve in the Statement of changes in equity.

Fixed asset investments

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are slated at historic cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised in the Balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and are measured at transaction price. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank.

Interest bearing bank loans, overdrafts and other loans which meet the criteria to be classified as basic financial instruments are recorded at the present value of cash payable to the bank.

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.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Tangible assets

	Office equipment		Total
	£		£
Cost
At 01 January 2025	4,244		4,244
At 31 December 2025	4,244		4,244
Accumulated depreciation
At 01 January 2025	4,244		4,244
At 31 December 2025	4,244		4,244
Net book value
At 31 December 2025	0		0
At 31 December 2024	0		0

4. Investment property

	Investment property
	£
Valuation
As at 01 January 2025	8,431,000
Additions	473,117
As at 31 December 2025	8,904,117

Valuation

The freehold properties were professionally valued on 30 September 2022 on an open market value for existing use basis by Trinity Rose chartered surveyors. The directors have considered the value as at 31 December 2025 and confirm there has been no material movement in the valuation from 30 September 2022 to the current year end with the additions during the year at a cost of £473,117 being considered to be materially equivalent to market value at the balance sheet date.

5. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 January 2025	16,583
At 31 December 2025	16,583
Carrying value at 31 December 2025	16,583
Carrying value at 31 December 2024	16,583

Investments in shares

The following was a subsidiary undertaking of the Company:

Name of entity	Registered office	Class of shares	Ownership 31.12.2025	Ownership 31.12.2024
Kents Oak Limited		Ordinary	50.00%	50.00%

The aggregate of the share capital and reserves as at 31 December 2025 was £503,135 and the profit or loss for the year ended on that date for the subsidiary undertaking was a loss of £86,030.

6. Debtors

	2025		2024
	£		£
Trade debtors	61,553		41,508
Prepayments and accrued income	68,401		470
Other debtors	1,247,399		508,423
	1,377,353		550,401

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	1,000,000		500,000
Trade creditors	619		380
Amounts owed to directors	113,972		216,972
Accruals and deferred income	138,185		123,077
Taxation and social security	123,502		70,262
Other creditors	183,148		255,367
	1,559,426		1,166,058

8. Related party transactions

Included within other debtors is £1,175,000 (2024: £500,000) due from Kents Oak Limited, a company of which one of the directors is also a director. Interest of £64,446 (2024: £6,288) has been charged in relation to this loan for the year.

Included within creditors is £80,600 (2024: £95,600) due to L W Fairlie and £33,372 (2024: £121,372) due to Mrs M A Fairlie. Also included is £79,544 (2024: £167,544) due to the J&G Fairlie Trusts, trusts of which one of the directors is the settlor and another director is a trustee.

During the year, office recharges of £95,000 (2024: £82,000) were charged from Stonesdown Farm, a sole trade business of L W Fairlie. On 1 April 2025, Stonesdown Farm became a partnership, of which both directors of Romfield Holdings Limited are partners.