R H Davies (Southern) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01149209

R H DAVIES (SOUTHERN) LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

30 November 2025

R H DAVIES (SOUTHERN) LIMITED

STATEMENT OF FINANCIAL POSITION

30 November 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	4	3,989,332	3,968,768
Investments	5	12,185	12,185
		-------------	-------------
		4,001,517	3,980,953

Current assets

Debtors	6	151,194	250,339
Cash at bank and in hand		477,851	341,995
		----------	----------
		629,045	592,334

Creditors: amounts falling due within one year	7	623,463		633,333
		----------		----------
Net current assets/(liabilities)			5,582	( 40,999)
			-------------	-------------
Total assets less current liabilities			4,007,099	3,939,954

Provisions

Taxation including deferred tax	402,436	401,942
	-------------	-------------
Net assets	3,604,663	3,538,012
	-------------	-------------

R H DAVIES (SOUTHERN) LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

30 November 2025

	2025		2024
Note	£	£	£

Capital and reserves

Called up share capital		62,500	62,500
Other reserves	8	1,801,428	1,801,428
Profit and loss account	8	1,740,735	1,674,084
		-------------	-------------
Shareholders funds		3,604,663	3,538,012
		-------------	-------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 November 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 year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 16 July 2026 , and are signed on behalf of the board by:

R W W Harries

Director

Company registration number: 01149209

R H DAVIES (SOUTHERN) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 NOVEMBER 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 168 Church Road, Hove, East Sussex, BN3 2DL.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Going concern

No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors.

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. Significant judgements The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows: ~ Investment property valuations.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Income 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 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:

Plant and machinery	-	33% straight line
Fixtures, fittings and equipment	-	15% reducing balance

The company does not depreciate its investment properties and although this policy is in accordance with FRS 102, it is a departure from the Companies Act 2006 requirements for all tangible assets to be depreciated. In the opinion of the directors, compliance with the standard is necessary for the financial statements to give a true and fair view.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

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.

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. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

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.

4. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Total
	£	£	£	£
Cost
At 1 December 2024	3,943,200	8,379	114,841	4,066,420
Additions	18,656	–	6,757	25,413
	-------------	-------	----------	-------------
At 30 November 2025	3,961,856	8,379	121,598	4,091,833
	-------------	-------	----------	-------------
Depreciation
At 1 December 2024	–	8,379	89,273	97,652
Charge for the year	–	–	4,849	4,849
	-------------	-------	----------	-------------
At 30 November 2025	–	8,379	94,122	102,501
	-------------	-------	----------	-------------
Carrying amount
At 30 November 2025	3,961,856	–	27,476	3,989,332
	-------------	-------	----------	-------------
At 30 November 2024	3,943,200	–	25,568	3,968,768
	-------------	-------	----------	-------------

Included within the above is investment property as follows:

	£
At 1 December 2024	3,943,200
Additions	18,656
	-------------
At 30 November 2025	3,961,856
	-------------

The investment properties have been valued at July 2022 by independent valuers, Michael Jones & Company, a firm of local estate agents and property valuers who have extensive knowledge and experience in the buying, selling and valuing of property in the location of the properties held by the company. The freehold reversionary interests were valued at July 2022 by independent valuers, Julian Wilkins & Co, a firm of Chartered Surveyors who are members of the Royal Institute of Chartered Surveyors (RICS) and have knowledge of the local property market in the location of freehold reversionary interests. Accordingly, in the directors opinion, the carrying value of the investment properties and freehold reversionary interests as at 30 November 2025 is not significantly different from the open market fair values of the investment properties and reversionary interests as at the date of the valuations.

Tangible assets held at valuation

In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

	Freehold property
	£
At 30 November 2025
Aggregate cost	1,764,600
Aggregate depreciation	–
	-------------
Carrying value	1,764,600
	-------------

At 30 November 2024
Aggregate cost	1,745,944
Aggregate depreciation	–
	-------------
Carrying value	1,745,944
	-------------

5. Investments

	Shares in group undertakings	Shares in participating interests	Total
	£	£	£
Cost
At 1 December 2024 and 30 November 2025	40,273	2,000	42,273
	---------	-------	---------
Impairment
At 1 December 2024 and 30 November 2025	30,088	–	30,088
	---------	-------	---------

Carrying amount
At 30 November 2025	10,185	2,000	12,185
	---------	-------	---------
At 30 November 2024	10,185	2,000	12,185
	---------	-------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	9,590	2,689
Other debtors	141,604	247,650
	----------	----------
	151,194	250,339
	----------	----------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	( 1,567)	1,415
Amounts owed to group undertakings and undertakings in which the company has a participating interest	10,100	10,100
Corporation tax	21,954	33,585
Social security and other taxes	7,484	951
Other creditors	585,492	587,282
	----------	----------
	623,463	633,333
	----------	----------

8. Reserves

Other reserves (non-distributable) - This reserve is used to record changes in the fair value of investment properties, net of deferred tax. Profit and loss account - This reserve records retained earnings and accumulated losses.

9. Related party transactions

As at 30 November 2025, Farncombe Limited, a company holding a participating interest in the Company, owed R H Davies (Southern) Ltd £113,898 (2024: £184,661). During the year, management charges of £60,000 (2024: £60,000) were charged to the Company by Farncombe Limited. Included within other creditors is £60,000 (2024: £60,000) for unpaid management charges. The company is exempt from disclosing related party transactions with companies which are wholly owned.