Company No: 10294596 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	5,399		10,487
Investment property	4	495,000		495,000
		500,399		505,487
Current assets
Cash at bank and in hand		1		2,029
		1		2,029
Creditors: amounts falling due within one year	5	( 44,320)		( 61,363)
Net current liabilities		(44,319)		(59,334)
Total assets less current liabilities		456,080		446,153
Creditors: amounts falling due after more than one year	6	( 397,654)		( 397,712)
Provision for liabilities		( 12,660)		( 10,164)
Net assets		45,766		38,277
Capital and reserves
Called-up share capital	7	100		100
Fair value reserve		104,850		104,850
Profit and loss account		( 59,184 )		( 66,673 )
Total shareholder's funds		45,766		38,277

For the financial year ending 31 July 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Rees-Little Properties Limited (registered number: 10294596) were approved and authorised for issue by the Director on 31 July 2026. They were signed on its behalf by:

M D Little Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Rees-Little Properties Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Ground Floor, 90 Victoria Street, Bristol, BS1 6DP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents amounts chargeable in respect of property rentals and management.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Vehicles	4 years straight line
Fixtures and fittings	6 - 7 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at the revised market value. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Tangible assets

	Vehicles		Fixtures and fittings		Total
	£		£		£
Cost
At 01 August 2024	17,344		9,974		27,318
At 31 July 2025	17,344		9,974		27,318
Accumulated depreciation
At 01 August 2024	9,033		7,798		16,831
Charge for the financial year	4,336		752		5,088
At 31 July 2025	13,369		8,550		21,919
Net book value
At 31 July 2025	3,975		1,424		5,399
At 31 July 2024	8,311		2,176		10,487

4. Investment property

	Investment property
	£
Valuation
As at 01 August 2024	495,000
As at 31 July 2025	495,000

Valuation

Investment property consists of freehold properties. The fair value of the investment property is based on the director's best estimate having considered properties of a similar nature, condition and location.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

	2025		2024
	£		£
Historic cost	390,150		390,150

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Amounts owed to director	37,197		53,358
Accruals and deferred income	4,945		5,925
Obligations under finance leases and hire purchase contracts	2,178		2,080
	44,320		61,363

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans (secured)	396,560		395,446
Obligations under finance leases and hire purchase contracts	1,094		2,266
	397,654		397,712

The hire purchase liabilities disclosed under creditors are secured against the assets to which they relate.

Bank borrowings are secured against the investment properties held via fixed charges in favour of One Savings Bank plc and Charter Court Financial Services Limited.

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100