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REGISTERED NUMBER: 03126270 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

R S PROPERTIES LIMITED

| R S PROPERTIES LIMITED (REGISTERED NUMBER: 03126270) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page |

| Company Information | 1 |

| Abridged Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| R S PROPERTIES LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2025

| DIRECTORS: | Mr R Steele

| Mrs V J Steele

| Mr D R Steele

| Mr D Steele

| Mrs C J McCarthy

| SECRETARY: | Mrs V J Steele

| REGISTERED OFFICE: | 91 Salthouse Road

| Barrow in Furness

| Cumbria

| LA13 0TN

| REGISTERED NUMBER: | 03126270 (England and Wales)

| BANKERS: | Santander UK plc

| 2 Triton Square

| Regent's Place

| London

| NW1 3AN

| R S PROPERTIES LIMITED (REGISTERED NUMBER: 03126270) |

ABRIDGED BALANCE SHEET

31 DECEMBER 2025

| 31.12.25 | 31.12.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 39,261 |  | 31,745 |  |

Investment property | 5 | 2,036,690 |  | 1,887,682 |  |

2,075,951 |  | 1,919,427 |  |

CURRENT ASSETS

Debtors | 25,504 |  | 5,503 |  |

Investments | 100,000 |  | 100,000 |  |

Cash at bank | 177,786 |  | 235,473 |  |

303,290 |  | 340,976 |  |

CREDITORS

Amounts falling due within one year | 249,068 |  | 221,939 |  |

NET CURRENT ASSETS | 54,222 |  | 119,037 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,130,173 |  | 2,038,464 |  |

PROVISIONS FOR LIABILITIES | 7 | 263,362 |  | 8,412 |  |

NET ASSETS | 1,866,811 |  | 2,030,052 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 185,000 |  | 185,000 |  |

Revaluation reserve | - |  | 891,053 |  |

Non-distributable reserves | 954,559 |  | - |  |

Retained earnings | 727,252 |  | 953,999 |  |

SHAREHOLDERS' FUNDS | 1,866,811 |  | 2,030,052 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

| R S PROPERTIES LIMITED (REGISTERED NUMBER: 03126270) |

ABRIDGED BALANCE SHEET - continued

31 DECEMBER 2025

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 July 2026 and were signed on its behalf by:

Mr R Steele - Director

Mrs V J Steele - Director

| R S PROPERTIES LIMITED (REGISTERED NUMBER: 03126270) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| R S Properties 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 presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

| Turnover

| Turnover represents rents received and the net invoiced sales of goods and services, excluding VAT.

| Tangible fixed assets

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

| Plant and machinery | - | 20% on cost

| Fixtures and fittings | - | 33% on cost

| Motor vehicles | - | 20% on cost

| Computer equipment | - | 20% on cost

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is transferred to the investment property revaluation reserve.

| Rental income

| Rents received are calculated on the accruals basis and represent net rental income, excluding VAT.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 5 (2024 - 5 ) .

| R S PROPERTIES LIMITED (REGISTERED NUMBER: 03126270) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

4. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 January 2025 | 321,969 |  |

| Additions | 26,500 |  |

| Disposals | (28,000 | ) |

| At 31 December 2025 | 320,469 |  |

| DEPRECIATION

| At 1 January 2025 | 290,224 |  |

| Charge for year | 13,384 |  |

| Eliminated on disposal | (22,400 | ) |

| At 31 December 2025 | 281,208 |  |

| NET BOOK VALUE

| At 31 December 2025 | 39,261 |  |

| At 31 December 2024 | 31,745 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 January 2025 | 1,887,682 |  |

| Additions | 149,008 |  |

| At 31 December 2025 | 2,036,690 |  |

| NET BOOK VALUE

| At 31 December 2025 | 2,036,690 |  |

| At 31 December 2024 | 1,887,682 |  |

| Fair value at 31 December 2025 is represented by:

£ |

| Valuation in 2025 | 63,507 |  |

| Valuation in 2024 | 587,397 |  |

| Cost | 1,385,786 |  |

2,036,690 |  |

| R S PROPERTIES LIMITED (REGISTERED NUMBER: 03126270) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

6. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.12.25 |  | 31.12.24

£ | £ |

| Directors' current accounts | 218,672 |  | 141,682 |  |

| Mr and Mrs R Steele hold a legal charge over one of the company's investment properties securing all monies due.

7. | PROVISIONS FOR LIABILITIES

| 31.12.25 |  | 31.12.24

£ | £ |

| Deferred tax | 263,362 |  | 8,412 |  |

| Deferred |

| tax |

£ |

| Balance at 1 January 2025 | 8,412 |  |

| Provided during year | 254,950 |  |

| Balance at 31 December 2025 | 263,362 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.12.25 |  | 31.12.24

| value: | £ | £ |

| 185,000 | Ordinary | 1 | 185,000 |  | 185,000 |  |

9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| During the financial year the directors received £2,000 (2024: £2000) for the provision of the company's office accommodation.

| Other than mentioned above the directors had no material interest during the financial year in any contract with the company.

10. | ULTIMATE CONTROLLING PARTY

| The company is controlled by Mr R Steele.