REGISTERED NUMBER: 07549363 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

FOR

EDWARD RHODES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D E Rhodes

R D Rhodes

R L Rhodes

REGISTERED OFFICE:

Garth Holiday Park

Garth Road

Machynlleth

Powys

SY20 8HQ

REGISTERED NUMBER:

07549363 (England and Wales)

ACCOUNTANTS:

M. D. Coxey and Co. Limited

10 Nicholas Street

Chester

CH1 2NX

BANKERS:

HSBC Bank

15 Lammas Street

Camarthen

Camarthenshire

SA31 3AQ

FIXED ASSETS

Tangible assets

4

2,477,448

2,496,741

Investments

5

100

100

2,477,548

2,496,841

CURRENT ASSETS

Debtors

6

-

29,188

Cash at bank and in hand

75,015

2,836

75,015

32,024

CREDITORS

Amounts falling due within one year

7

328,402

249,140

NET CURRENT LIABILITIES

(253,387

)

(217,116

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,224,161

2,279,725

CREDITORS

Amounts falling due after more than one year

8

480,536

545,943

NET ASSETS

1,743,625

1,733,782

CAPITAL AND RESERVES

Called up share capital

10

100

100

Other reserves

909,694

909,694

Retained earnings

833,831

823,988

SHAREHOLDERS' FUNDS

1,743,625

1,733,782

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9th June 2026 and were signed on its behalf by:

D E Rhodes - Director

1.	STATUTORY INFORMATION

Edward 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.

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.

Tangible fixed assets

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

Freehold property

-

2% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1st January 2025

2,480,194

128,610

1,926

26,415

2,637,145

Additions

128,581

-

-

-

128,581

Disposals

(136,922

)

-

-

-

(136,922

)

At 31st December 2025

2,471,853

128,610

1,926

26,415

2,628,804

DEPRECIATION

At 1st January 2025

18,997

99,729

1,531

20,147

140,404

Charge for year

2,063

7,223

99

1,567

10,952

At 31st December 2025

21,060

106,952

1,630

21,714

151,356

NET BOOK VALUE

At 31st December 2025

2,450,793

21,658

296

4,701

2,477,448

At 31st December 2024

2,461,197

28,881

395

6,268

2,496,741

Included in cost of land and buildings is freehold land of £ 1,590,000 (2024 - £ 1,590,000 ) which is not depreciated.

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1st January 2025

and 31st December 2025

100

NET BOOK VALUE

At 31st December 2025

100

At 31st December 2024

100

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Directors' current accounts

-

29,188

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts (see note 9)

65,000

65,000

Trade creditors

228

90

Tax

11,823

10,966

VAT

3,284

3,067

Other creditors

197,290

107,305

Directors' current accounts

47,222

59,222

Accruals and deferred income

3,555

3,490

328,402

249,140

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans (see note 9)

480,536

545,943

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

220,536

285,943

9.

LOANS

An analysis of the maturity of loans is given below:

31.12.25

31.12.24

£

£

Amounts falling due within one year or on demand:

Bank loans

65,000

65,000

Amounts falling due between one and two years:

Bank loans - 1-2 years

65,000

65,000

Amounts falling due between two and five years:

Bank loans - 2-5 years

195,000

195,000

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

220,536

285,943

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

100

Ordinary

£1

100

100

11.	CAPITAL COMMITMENTS

31.12.25

31.12.24

£

£

Contracted but not provided for in the

financial statements

-

-

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the period a director received an interest free loan. The amount outstanding at the year end, which is repayable on demand and classified in debtors, was £Nil (2024: £29,188).

13.	ULTIMATE CONTROLLING PARTY

The controlling party is D E Rhodes.