Company No: 14628746 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
				Restated - note 2
Fixed assets
Intangible assets	4	1,509,484		1,744,394
		1,509,484		1,744,394
Current assets
Debtors	5	8,010		4,842
Cash at bank and in hand		53,742		82,192
		61,752		87,034
Creditors: amounts falling due within one year	6	( 2,512,095)		( 2,696,842)
Net current liabilities		(2,450,343)		(2,609,808)
Total assets less current liabilities		(940,859)		(865,414)
Net liabilities		( 940,859)		( 865,414)
Capital and reserves
Called-up share capital		1,000		1,000
Profit and loss account		( 941,859 )		( 866,414 )
Total shareholder's deficit		( 940,859)		( 865,414)

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 member has not required the Company to obtain an audit of its financial statements for the financial year 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; 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 Rumsey of Sandbanks Holiday Homes Limited (registered number: 14628746) were approved and authorised for issue by the Board of Directors on 21 August 2026. They were signed on its behalf by:

James Anthony Hayden Norton 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

Rumsey of Sandbanks Holiday Homes 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 Elliott House, Church Street, Kingsbridge, TQ7 1BY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include 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 £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £940,859. The Company is supported through loans from the Parent Company. The directors have received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the Parent Company will continue to support the Company. After making enquiries, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents the amounts of commission charged to landlords in relation to the rental of holiday cottages managed on their behalf. Turnover is recognised in full on the last day of each holiday let once the company has fulfilled it’s contractual obligation to the landlord, at the fair value of the consideration received or receivable, excluding discounts and value added tax.

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.

Intangible assets

Intangible assets relate to goodwill, which arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired.

Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

10 years straight line

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

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 creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

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.

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.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

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.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Prior year adjustment

The directors have identified an overstatement in income reported over a historical period to 31 December 2024 which was misanalysed within an intercompany balance with the parent company. A prior period adjustment has therefore been recognised in respect of the misanalysed transactions.

The net effect to the profit and loss was an decrease in profit of £183,635 in the year ended 31 December 2024, and a further decrease in profit and loss reserves brought forward of £385,074. The net effect on the balance sheet was an increase in trade creditors of £602,323, a decrease in the intercompany loan creditor of £33,614 and a decrease in profit and loss reserves of £568,709.

		As previously reported		Adjustment		As restated
Year ended 31 December 2024		£		£		£
Turnover		(1,751,861)		183,635		(1,568,226)
Trade creditors		(15,421)		(602,323)		(617,744)
Amounts owed to Group undertakings		(1,432,000)		33,614		(1,398,386)
Retained earnings (profit and loss)		297,705		568,709		866,414

3. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	4		4

The parent company maintains a payroll and wages are recharged to this company to reflect the time those employees spent working on activities of this company. These employees are on the payroll of the parent company and, therefore, are not employed by this company, nor included in the monthly average number of employees above.

4. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 January 2025	2,349,106		2,349,106
At 31 December 2025	2,349,106		2,349,106
Accumulated amortisation
At 01 January 2025	604,712		604,712
Charge for the financial year	234,910		234,910
At 31 December 2025	839,622		839,622
Net book value
At 31 December 2025	1,509,484		1,509,484
At 31 December 2024	1,744,394		1,744,394

5. Debtors

	2025		2024
	£		£
Prepayments	7,968		4,842
Other debtors	42		0
	8,010		4,842

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	642,250		617,744
Amounts owed to Group undertakings	1,774,292		1,398,386
Accruals	1,125		1,190
Taxation and social security	94,428		69,522
Other creditors	0		610,000
	2,512,095		2,696,842

7. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2025		2024
	£		£
within one year	15,500		15,500
between one and five years	21,958		37,458
Total future minimum lease payments under non-cancellable operating leases	37,458		52,958