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Registration number: 06946987

Lewis Rhodes Holdings Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2025

Lewis Rhodes Holdings Limited

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 7

Lewis Rhodes Holdings Limited

(Registration number: 06946987)
Balance Sheet as at 31 December 2025

| Note | 31 December 2025 £ | 31 December 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 315,373 | 315,373
Investments | 5 | 839,462 | 839,462
|  | 1,154,835 | 1,154,835
Current assets |  |  |
Debtors | 6 | 731 | 731
Cash at bank and in hand |  | 63,598 | 25,911
|  | 64,329 | 26,642
Creditors: Amounts falling due within one year | 7 | (70,405) | (49,784)
Net current liabilities |  | (6,076) | (23,142)
Total assets less current liabilities |  | 1,148,759 | 1,131,693
Creditors: Amounts falling due after more than one year | 7 | (210,580) | (219,359)
Net assets |  | 938,179 | 912,334
Capital and reserves |  |  |
Called up share capital |  | 4 | 4
Retained earnings |  | 938,175 | 912,330
Shareholders' funds |  | 938,179 | 912,334

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

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 31 July 2026 and signed on its behalf by:

......................................... Mr D Rhodes Company secretary and director

Lewis Rhodes Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Derek Lewis Limited
Balby Carr Bank
Doncaster
DN4 8DE

These financial statements were authorised for issue by the Board on 31 July 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Lewis Rhodes Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Land | not depreciated

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Lewis Rhodes Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

Lewis Rhodes Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

4 | Tangible assets

| Land and buildings £ | Total £
Cost or valuation
At 1 January 2025 | 315,373 | 315,373
At 31 December 2025 | 315,373 | 315,373
Depreciation
Carrying amount
At 31 December 2025 | 315,373 | 315,373
At 31 December 2024 | 315,373 | 315,373

Included within the net book value of land and buildings above is £315,373 (2024 - £315,373) in respect of freehold land and buildings.

5 | Investments

| 31 December 2025 £ | 31 December 2024 £
Investments in subsidiaries | 839,462 | 839,462

Subsidiaries | £
Cost
At 1 January 2025 | 839,462
At 31 December 2025 | 839,462
Carrying amount
At 31 December 2025 | 839,462
At 31 December 2024 | 839,462

Lewis Rhodes Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 31 December 2025 | 30 April 2024
Subsidiary undertakings
Derek Lewis Limited | Millfield Industrial Estate, Bentley, Doncaster, DN5 0SJ | Ordinary shares | 65.57% | 65.57%
| England and Wales |  |  |
Rhodes Recycling Ltd | Millfield Industrial Estate, Bentley, Doncaster, DN5 0SJ | Ordinary shares | 100% | 100%
| England and Wales |  |  |

Subsidiary undertakings
Derek Lewis Limited The principal activity of Derek Lewis Limited is surfacing and civil engineering works.
Rhodes Recycling Ltd The principal activity of Rhodes Recycling Ltd is that of a dormant company.

Lewis Rhodes Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

6 | Debtors

| Note | 31 December 2025 £ | 31 December 2024 £
Amounts owed by related parties |  | 731 | 731
|  | 731 | 731

7 | Creditors

Creditors: amounts falling due within one year

| Note | 31 December 2025 £ | 31 December 2024 £
Due within one year |  |  |
Loans and borrowings | 8 | 10,042 | 10,042
Amounts owed to related parties |  | 54 | 54
Taxation and social security |  | 6,866 | 4,861
Corporation tax |  | 44,948 | 29,588
Accrued expenses |  | 8,495 | 5,239
|  | 70,405 | 49,784

8 | Loans and borrowings

Non-current loans and borrowings

| 31 December 2025 £ | 31 December 2024 £
Bank borrowings | 210,580 | 219,359

Current loans and borrowings

| 31 December 2025 £ | 31 December 2024 £
Bank borrowings | 10,042 | 10,042