REGISTERED NUMBER: 00706720 (England and Wales)

T.A.Rhodes Limited

Unaudited Financial Statements

for the Year Ended 30 September 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M I Hurcomb

Mrs R S Hurcomb

SECRETARY:

M I Hurcomb

REGISTERED OFFICE:

9 - 11 Vittoria Street

Birmingham

B1 3ND

REGISTERED NUMBER:

00706720 (England and Wales)

ACCOUNTANTS:

UHY Hacker Young (Bham) LLP

9-11 Vittoria Street

Birmingham

B1 3ND

FIXED ASSETS

Intangible assets

4

1,420,000

1,704,000

Tangible assets

5

662,217

716,418

2,082,217

2,420,418

CURRENT ASSETS

Stocks

91,732

97,133

Debtors

6

913,195

672,567

Cash at bank

141,942

592,057

1,146,869

1,361,757

CREDITORS

Amounts falling due within one year

7

2,109,367

2,105,309

NET CURRENT LIABILITIES

(962,498

)

(743,552

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,119,719

1,676,866

CREDITORS

Amounts falling due after more than one year

8

(857,821

)

(950,000

)

PROVISIONS FOR LIABILITIES

(42,804

)

(45,246

)

NET ASSETS

219,094

681,620

CAPITAL AND RESERVES

Called up share capital

9

10,000

10,000

Revaluation reserve

10

1,342,260

1,342,260

Retained earnings

(1,133,166

)

(670,640

)

SHAREHOLDERS' FUNDS

219,094

681,620

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 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2026 and were signed on its behalf by:

M I Hurcomb - Director

1.	STATUTORY INFORMATION

T.A.Rhodes 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.

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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

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.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land & Buildings - 5% Straight Line

Fixtures and Fittings - 10% Reducing Balance

Motor Vehicles - 25% Reducing Balance

Leasehold Property - 5% Straight Line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes 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 an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

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, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements 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

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2024

and 30 September 2025

2,840,000

AMORTISATION

At 1 October 2024

1,136,000

Charge for year

284,000

At 30 September 2025

1,420,000

NET BOOK VALUE

At 30 September 2025

1,420,000

At 30 September 2024

1,704,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Long

and

Motor

property

leasehold

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 October 2024

477,103

290,000

352,083

10,419

1,129,605

Additions

-

-

-

4,575

4,575

At 30 September 2025

477,103

290,000

352,083

14,994

1,134,180

DEPRECIATION

At 1 October 2024

201,500

42,050

160,431

9,206

413,187

Charge for year

23,855

14,500

19,165

1,256

58,776

At 30 September 2025

225,355

56,550

179,596

10,462

471,963

NET BOOK VALUE

At 30 September 2025

251,748

233,450

172,487

4,532

662,217

At 30 September 2024

275,603

247,950

191,652

1,213

716,418

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

236,193

242,715

Amounts owed by participating interests

403,284

376,884

Other debtors

273,718

52,968

913,195

672,567

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

278,106

105,198

Amounts owed to group undertakings

1,802,034

1,804,314

Taxation and social security

12,436

37,364

Other creditors

16,791

158,433

2,109,367

2,105,309

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

857,821

950,000

The company's borrowings are secured by fixed and floating charges over the company's assets.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

10,000

Ordinary

£1

10,000

10,000

10.

RESERVES

Revaluatio

reserve

£

At 1 October 2024

and 30 September 2025

1,342,260

11.	RELATED PARTY DISCLOSURES

The company has taken the exemption under FRS 102 not to disclose transactions with wholly

owned entities within the same group.

During the year, the company received management recharges of £30,000 (2024: £Nil) from a company under common control of the director. At the year end, £30,000 (2024: £Nil) was outstanding in respect of these services.

12.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is Hurcomb Enterprises Limited, a company registered in England and Wales under registration number 03093131.

The ultimate controlling parties are the directors.