Redhill Property Services Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Redhill Property Services Limited is a private company limited by shares, and is incorporated in England & Wales (registered number 03458071 .) Its registered office is located at 3 Brittingham House, Orchard Street, Crawley, West Sussex, RH11 7AE.

The principal activity of the company continued to be that of property management and letting.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

The financial statements are presented in sterling, which is the functional currency of the company.

2.2. Significant judgements and estimations

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

Estimates and their underlying assumptions are reviewed on an ongoing basis.

The particular areas where accounting estimates are being used and uncertainty therefore arises are:

The useful life of fixed assets.
Asset residual values
Fair value of goodwill

2.3. Turnover

Turnover represents the net invoiced sales of services and property sales, excluding value added tax.

2.4. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill arising on the acquisition of businesses in 2018 and 2024, representing the difference between the fair value of consideration payable and and the fair value of the separable net assets acquired, is capitalised on the balance sheet and amortised over its estimated useful economic life of 10 years.

2.5. Intangible Fixed Assets and Amortisation - Other Intangible

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Franchise fee is being amortised evenly over their estimated useful life of five years.

2.6. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold improvements	2% on cost
Plant & Machinery	25% on cost
Fixtures & Fittings	25% on cost
Computer Equipment	25% on cost

Impairment of Assets

At each reporting date, fixed assets are reviewed to determine whether there is any indication that those assets

have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any

affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the

carrying amount is reduced to its estimated recoverable amount.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate

of its recoverable amount, but not in excess of the amount that would have been determined had no impairment

been recognised for the asset in prior years.

All impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

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Redhill Property Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.7. Leasing and Hire Purchase Contracts

Operating leases

Rentals payable under operating leases, where substantially all of the benefits and risks of ownership remain with the lessor, are charged to profit and loss account on a straight line basis over the lease term.rent

2.8. Financial Instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans with related parties and other third parties.

Financial Assets

Basic financial assets, including trade and other receivables, and cash and bank balances are recognised at transaction price, less any impairment.

Financial Liabilities

Basic financial liabilities, including trade and other payables, are recognised at transaction price, less any impairment, 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.

2.9. Taxation

The overall tax charge represents the sum of the tax currently payable and deferred tax.

Current and deferred tax are recognised in the profit and loss account for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively. On the grounds of immateriality, deferred tax assets and liabilities are not discounted.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because it excludes items of income and expenditure that are not taxable or deductible, or that are taxable or deductible in other accounting periods. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax

Deferred tax is provided in full on timing differences which result in an obligation at the balance sheet date to pay more tax, or a right to pay less tax, at a future date, at rates expected to apply when they crystallise. Timing differences arise from the inclusion of items of income and expenditure in the taxation computation in periods different from those in which they are included in the financial statements.

Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be recovered.

2.10. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.11. Employee Benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are

received.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 10 (2024: 10)

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Redhill Property Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Intangible Assets

	Goodwill	Other	Total
	£	£	£
Cost
As at 1 January 2025	114,000	9,900	123,900

As at 31 December 2025	114,000	9,900	123,900

Amortisation
As at 1 January 2025	49,816	9,900	59,716
Provided during the period	11,400	-	11,400

As at 31 December 2025	61,216	9,900	71,116

Net Book Value
As at 31 December 2025	52,784	-	52,784

As at 1 January 2025	64,184	-	64,184

5. Tangible Assets

	Land & Buildings	Plant & Machinery etc.	Total
	£	£	£
Cost
As at 1 January 2025	3,664	25,783	29,447
Additions	-	3,286	3,286
Disposals	-	(8,973 )	(8,973 )

As at 31 December 2025	3,664	20,096	23,760

Depreciation
As at 1 January 2025	1,258	22,819	24,077
Provided during the period	73	2,083	2,156
Disposals	-	(8,973 )	(8,973 )

As at 31 December 2025	1,331	15,929	17,260

Net Book Value
As at 31 December 2025	2,333	4,167	6,500

As at 1 January 2025	2,406	2,964	5,370

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	-	780,472
Other debtors	777,038	33,901

	777,038	814,373

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Redhill Property Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

7. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Trade creditors	19,792	795,575
Bank loans and overdrafts	4,176	10,000
Other creditors	747,935	3,540
Taxation and social security	84,643	78,718

	856,546	887,833

8. Creditors: Amounts falling due after more than one year

	2025	2024
	£	£
Bank loans	-	4,197

9. Other Commitments

At the balance sheet date, the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases as follows:

	2025	2024
	£	£
Not later than one year	58,927	58,927
Later than one year and not later than five years	113,668	172,595

	172,595	231,522

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		52,784		64,184
Tangible Assets	5		6,500		5,370

			59,284		69,554
CURRENT ASSETS
Debtors	6	777,038		814,373
Cash at bank and in hand		162,733		88,767

		939,771		903,140
Creditors: Amounts falling due within one year	7	(856,546 )		(887,833 )

NET CURRENT ASSETS (LIABILITIES)			83,225		15,307

TOTAL ASSETS LESS CURRENT LIABILITIES			142,509		84,861

Creditors: Amounts falling due after more than one year	8		-		(4,197 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(1,567 )		(1,343 )

NET ASSETS			140,942		79,321

CAPITAL AND RESERVES
Called up share capital			25		25
Capital redemption reserve			75		75
Profit and Loss Account			140,842		79,221

SHAREHOLDERS' FUNDS			140,942		79,321