REGISTERED NUMBER: 08225552 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

RUFTON PROPERTY SERVICES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr Andrew Grant

REGISTERED OFFICE:

Unit 1, 40:40 Link

Mill End Road

High Wycombe

Buckinghamshire

HP12 4AX

REGISTERED NUMBER:

08225552 (England and Wales)

ACCOUNTANTS:

Mackenzie Dodd Consulting Limited

Accountant and Business Advisers

St Mary's Court

The Broadway

Old Amersham

Buckinghamshire

HP7 OUT

FIXED ASSETS

Tangible assets

5

-

327

Investment property

6

7,448,375

2,980,000

7,448,375

2,980,327

CURRENT ASSETS

Stocks

7

1,293,676

3,893,984

Debtors

8

92,348

26,809

Cash at bank

86,720

237,677

1,472,744

4,158,470

CREDITORS

Amounts falling due within one year

9

(2,076,346

)

(325,118

)

NET CURRENT (LIABILITIES)/ASSETS

(603,602

)

3,833,352

TOTAL ASSETS LESS CURRENT LIABILITIES

6,844,773

6,813,679

CREDITORS

Amounts falling due after more than one year

10

(3,483,089

)

(4,024,691

)

PROVISIONS FOR LIABILITIES

(446,874

)

(312,792

)

NET ASSETS

2,914,810

2,476,196

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

2,914,809

2,476,195

2,914,810

2,476,196

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 26 June 2026 and were signed by:

Mr Andrew Grant - Director

1.	STATUTORY INFORMATION

Rufton Property Services Ltd 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.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Significant judgements and estimates

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.

Turnover

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

Turnover comprises the value of property sales made during the year and rental income from investment properties.

Property developments sales are recognised in the accounts when contracts are completed.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost

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.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

The valuation of the investment properties is considered every year by the directors and a formal valuation carried out when requested.

Stocks

Work in progress on land and buildings owned by the company, whether included in stock or investment properties, is valued at the lower of cost and net realisable value. Once a project on an investment property is complete, the costs are transferred to fixed assets. Any cost associated with the development of a property are held as work in progress and transferred to the profit and loss account on sale of the property.

Land stock is valued at the lower of cost and net realisable value.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes a party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, which the transaction is measured at the present value of the future receipts discounted at market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangement entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price 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.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Impairment of fixed assets

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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Turnover

Turnover comprises rental income received with respect to investment properties owned by the company and the development and construction of other properties.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 3 ) .

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 October 2024

and 30 September 2025

2,005

DEPRECIATION

At 1 October 2024

1,678

Charge for year

327

At 30 September 2025

2,005

NET BOOK VALUE

At 30 September 2025

-

At 30 September 2024

327

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2024

2,980,000

Additions

3,931,722

Revaluations

536,653

At 30 September 2025

7,448,375

NET BOOK VALUE

At 30 September 2025

7,448,375

At 30 September 2024

2,980,000

Investment properties comprise the following investment properties:-

72-80 Stocklake, Aylesbury, Buckinghamshire which was valued on 23 December 2020 by Mr Peter Memmott FRICS of Fairweathers Chartered Surveyors Commercial Property Consultants at a valuation of £1,300,000. This valuation was updated to £2,000,000 by the directors as of 30 September 2024. The directors valuation of £2,000,000 has been used in the financial statements as at 30 September 2025.

The Vale, Chalfont St Peter, Buckinghamshire which was valued on an open market basis on 30 September 2024 by the directors at £270,000. This is the value used in the financial statements as at 30 September 2025.

55A High Street, Prestwood, Gt Missenden, Buckinghamshire which was valued on an open market basis on 30 September 2020 by the directors at £160,000. This is the value used in the financial statements as at 30 September 2025 and is also the considered value by the directors.

51 High Street, Prestwood, Gt Missenden, Buckinghamshire was valued on 4 January 2021 by Mr Peter Memmott FRICS of Fairweathers Chartered Surveyors Commercial Property Consultants at a valuation of £170,000. This is the value used in the financial statements as at 30 September 2025 and is also the considered value by the directors.

53 High Street, Prestwood, Gt Missenden, Buckinghamshire has been valued on an open market basis on 30 September 2024 by the directors at £200,000. This is the considered fair value at the balance sheet date and also represents the initial purchase cost and refurbishment costs to date. The property is now held as an investment property after previously being held as a development property following a change in company policy with respect to this property.

53A High Street, Prestwood, Gt Missenden, Buckinghamshire has been valued on an open market basis on 30 September 2024 by the directors at £180,000. This is the considered fair value at the balance sheet date and also represents the initial purchase cost and refurbishment costs to date. The property is now held as an investment property after previously being held as a development property following a change in company policy with respect to this property.

29 Upper High Street, Thame, Oxfordshire was purchased by the company on 29 September 2025 at a purchase price of £358,375. This is considered the fair value at the balance sheet date.

The Cobblers Close development in Farnham Royal, Buckinghamshire was completed during the year comprising 50, 51 and 52 Cobblers Close and 1, 3 and 5 Berry Drive. The development was contracted for re-sale but following a change in market conditions and accounting policy the properties are now held as Investment properties and rented out. The total development costs of £3,573,347 were during the year transferred from work in progress to Investment properties. The Cobblers Close development was valued by S Millar BSc (Hons) MRICS of Kemsley LLP, 46 New Broad Street, London on 12 March 2026 at a valuation of £4,110,000. This valuation has been used in the financial statements at the balance sheet date.

7.

STOCKS

2025

2024

£

£

Work-in-progress

1,293,676

3,893,984

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

46,081

204

Other debtors

46,267

26,605

92,348

26,809

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

21,336

37,800

Trade creditors

13,759

4,829

Taxation and social security

15,547

11,161

Other creditors

2,025,704

271,328

2,076,346

325,118

Included within other creditors is a loan from a related party of the director Mr Andrew Grant for £600,000. The intention is to repay this loan back within one year and interest is paid on this loan and provided for within the financial statements in accordance with the agreement.

A short term loan was also received from GLT Electrical Wholesalers Ltd a company incorporated within the United Kingdom for the sum of £350,000 and included within other creditors. This loan was provided on 25/26 September 2025 and fully repaid by 3rd November 2025. No interest was paid on the short term loan. The director Mr Andrew Grant is a director and shareholder in GLT Electrical Wholesalers Ltd.

Also included within other creditors is an amount of £984,000 (2024-£84,000) with respect to the director Mr Andrew Grant directors current account.

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

536,000

560,059

Other creditors

2,947,089

3,464,632

3,483,089

4,024,691

The other creditors balance of £2,947,089 (2024 £3,464,632) relates to the Mr Andrew Grant directors current account.

11.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

557,336

597,859

The company's bankers have granted the company the following facilities:-

A first legal charge is held by LloydsTSB, the company's bankers, over the following properties:

Date of security

Description of security

17/03/2021 & 26/03/2021

Floating charge covers all the property or undertaking of the company.

17/03/2021 & 26/03/2021

A first legal charge over the freehold land and buildings at Unit 72-80 Stocklake, Aylesbury, Bucks HP20 1DA.

17/03/2021 & 26/03/2021

A first legal charge over the freehold land and buildings at 51 High Street, Prestwood, Bucks, HP16 9EJ.

7/03/2021 & 26/03/2021

An unlimited Debenture from Rufton Property Services Limited.