Company registration number 01108606 (England and Wales)
ROMBOURNE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
ROMBOURNE LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 9
ROMBOURNE LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
as restated
Notes
£
£
FIXED ASSETS
Tangible assets
3
27,605,669
27,632,231
Investment property
4
19,053,253
15,860,001
Investments
5
10,000
10,000
46,668,922
43,502,232
CURRENT ASSETS
Stocks
500,292
500,292
Debtors
7
927,664
904,743
Investments
8
1,455,937
3,395,175
Cash at bank and in hand
1,709,391
5,211,104
4,593,284
10,011,314
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
9
(2,397,993)
(2,028,426)
NET CURRENT ASSETS
2,195,291
7,982,888
TOTAL ASSETS LESS CURRENT LIABILITIES
48,864,213
51,485,120
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
10
(8,907,981)
(12,596,830)
PROVISIONS FOR LIABILITIES
(5,189,894)
(5,182,216)
ACCRUALS AND DEFERRED INCOME
(1,073,249)
(1,029,664)
NET ASSETS
33,693,089
32,676,410
CAPITAL AND RESERVES
Called up share capital
1,000
1,000
Revaluation reserve
7,142,538
7,142,538
Non-distributable profits reserve
11
7,051,451
7,051,451
Distributable profit and loss reserves
19,498,100
18,481,421
TOTAL EQUITY
33,693,089
32,676,410
ROMBOURNE LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2025
31 December 2025
- 2 -

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 5 August 2026 and are signed on its behalf by:
Mr D J Stokes
Director
Company registration number 01108606 (England and Wales)
ROMBOURNE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
1
ACCOUNTING POLICIES
Company information

Rombourne Limited is a private company limited by shares incorporated in England and Wales. The registered office is Merlin House, Priory Drive, Langstone, Newport, NP18 2HJ.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention as modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value.

1.2
Prior period error

A prior year adjustment of £3,395,175 has been made to reclassify a bank deposit account, subject to 9 5 days' notice of withdrawal, from cash at bank and in hand to current asset investments, as it does not meet the FRS 102 definition of a cash equivalent. This adjustment has no effect on the profit or net assets reported for the prior year.

1.3
Turnover

Turnover comprises income (excluding value added tax) from the sale of trading properties, the rental of commercial property and the provision of serviced office and industrial accommodation during the year. Turnover from the sale of trading properties is recognised at the date of completion, rental income is invoiced in advance and deferred into the period to which it relates. Invoicing for the serviced offices compromises the rental element in advance, deferred into the period to which it relates and the element relating to the services provided is invoiced monthly in arrears.

1.4
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:

Freehold land and buildings
Not depreciated
Plant and equipment
10 years straight line
Fixtures and fittings
10 years straight line
Motor vehicles
25% per annum reducing balance
ROMBOURNE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
ACCOUNTING POLICIES
(Continued)
- 4 -

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Freehold properties are measured at market value which is considered to be their fair value, determined annually by independent professional valuers or the directors who are qualified in this respect. Revaluation surpluses and deficits are recognised in the revaluation reserve, with losses recognised only to the extent that they relate to a previous revaluation gain, otherwise they are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold, or the deferred tax liability is settled, based on the tax rates and tax laws that have been enacted or substantively enacted by the balance sheet date

The company does not revalue or depreciate freehold land.

1.5
Investment property

Investment properties are carried at fair value determined annually by independent professional valuers or the directors who are qualified in this respect. Revaluation surpluses and deficits are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold, or the deferred tax liability is settled, based on the tax rates and tax laws that have been enacted or substantively enacted by the balance sheet date.

1.6
Fixed asset investments

Investments are valued at the lower of cost or market value.

1.7
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

1.8
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.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

ROMBOURNE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
ACCOUNTING POLICIES
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

1.11
Leases
As lessee

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits as incurred.

1.12

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

1.13

Interest-bearing borrowings

Interest-bearing borrowings are stated at amortised cost using the effective interest method.

1.14

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts and leases which result in the transfer to the company of substantially all the risks and rewards of ownership are capitalised as tangible fixed assets and are depreciated in accordance with the company's depreciation policy as set out above. Obligations under such agreements are included in creditors net of finance charges allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

ROMBOURNE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
2
EMPLOYEES

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
46
46
3
TANGIBLE FIXED ASSETS
Freehold land and buildings
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
Cost or valuation
At 1 January 2025
25,558,716
2,115,661
6,357,568
39,599
34,071,544
Additions
-
0
194,910
174,671
-
0
369,581
Disposals
-
0
(5,783)
(4,067)
-
0
(9,850)
At 31 December 2025
25,558,716
2,304,788
6,528,172
39,599
34,431,275
Depreciation and impairment
At 1 January 2025
-
0
1,457,104
4,951,947
30,262
6,439,313
Depreciation charged in the year
-
0
124,169
268,114
2,334
394,617
Eliminated in respect of disposals
-
0
(4,453)
(3,871)
-
0
(8,324)
At 31 December 2025
-
0
1,576,820
5,216,190
32,596
6,825,606
Carrying amount
At 31 December 2025
25,558,716
727,968
1,311,982
7,003
27,605,669
At 31 December 2024
25,558,716
658,557
1,405,621
9,337
27,632,231

Freehold properties are included above at valuations based on valuations at fair value by a senior employee of the company who is experienced in these matters. Freehold land is included at cost of £413,826 (202 4: £413,826).

If freehold properties had been included under the historical cost convention they would be stated at £16,241,831 (202 4: £16,241,831).

ROMBOURNE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 7 -
4
INVESTMENT PROPERTY
2025
£
Fair value
At 1 January 2025
15,860,001
Additions
3,193,252
At 31 December 2025
19,053,253

Freehold investment properties are included above at valuations based on valuations at fair value by a senior employee of the company who is experienced in these matters.

If freehold investment properties had been included under the historical cost convention they would be stated a t £10,008,304 (202 4: £6,815,052).

5
FIXED ASSET INVESTMENTS
2025
2024
£
£
Other investments other than loans
10,000
10,000
6
FINANCIAL INSTRUMENTS
2025
2024
£
£
Carrying amount of financial assets
Instruments measured at fair value through profit or loss
1,455,937
3,395,175
7
DEBTORS
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
312,846
386,185
Other debtors
142,810
3,109
Prepayments and accrued income
472,008
515,449
927,664
904,743
ROMBOURNE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 8 -
8
CURRENT ASSET INVESTMENTS
2025
2024
£
£
Other investments
1,455,937
3,395,175

Current asset investments comprise funds held in a 95-day notice bank deposit account. The investment is recognised initially at the transaction price with interest receivable recognised in the profit and loss account as it accrues.

9
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
£
£
Bank loans
1,049,041
960,984
Trade creditors
373,267
199,960
Corporation tax
300,567
254,246
Other taxation and social security
303,463
258,461
Other creditors
371,655
354,775
2,397,993
2,028,426

The company's bank borrowings are secured by way of a fixed charge over the company's freehold properties, investment properties and those properties held in stock. The lenders also have a floating charge over the company's remaining assets.

10
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025
2024
£
£
Bank loans and overdrafts
5,398,036
6,454,251
Other creditors
3,509,945
6,142,579
8,907,981
12,596,830

Included in bank and building society loans above is a total of £469,508 (202 4 : £1,845,918 ) repayable by instalments which falls due after five years.

The company's bank borrowings are secured by way of a fixed charge over the company's freehold properties, investment properties and those properties held in stock. The lenders also have a floating charge over the company's remaining assets.

ROMBOURNE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 9 -
11
NON-DISTRIBUTABLE PROFITS RESERVE
2025
2024
£
£
At the beginning of the year
7,051,451
6,526,726
Non distributable profits in the year
-
524,725
At the end of the year
7,051,451
7,051,451
12
OPERATING LEASE COMMITMENTS
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
2,182,500
2,677,500
13
DIRECTORS' TRANSACTIONS

Included within other creditors is £51,783 (2024 : £29,207) due to a director.

Included within long term creditors is £1,713,821 (2024 : £4,312,242) due to a director.

These balances are interest free and repayable on demand.

14
PRIOR PERIOD ADJUSTMENT
RECONCILIATION OF CHANGES IN EQUITY
The prior period adjustments do not give rise to any effect upon equity.
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