RD DEVELOPMENT LIMITED


Directors	HEWITT-SMITH, Robert Andrew
	JARVIS, Deborah Lee


Registered Address	23 High Street
	Tywyn
	LL36 9AE


Registered Number	08561819 (England and Wales)

Balance Sheet as at
31 December 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		19,475		25,967
Investment property	4		1,410,000		1,380,000
			1,429,475		1,405,967
Current assets
Debtors		1,508		615
Cash at bank and on hand		16,427		42,280
		17,935		42,895
Creditors amounts falling due within one year	5	(640,878)		(704,507)
Net current assets (liabilities)			(622,943)		(661,612)
Total assets less current liabilities			806,532		744,355
Provisions for liabilities	6		(271,600)		(307,344)
Net assets			534,932		437,011
Capital and reserves
Called up share capital			200		200
Revaluation reserve			445,883		380,139
Profit and loss account			88,849		56,672
Shareholders' funds			534,932		437,011

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 3 September 2026, and are signed on its behalf by:

HEWITT-SMITH, Robert Andrew
Director

JARVIS, Deborah Lee
Director

Registered Company No. 08561819

RD DEVELOPMENT LIMITED

Notes to the Financial Statements
for the year ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Reducing balance (%)
	Fixtures and fittings	25

	Investment property
	The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		2

3.	Tangible fixed assets

	Fixtures & fittings	Total
	£	£
Cost or valuation
At 01 January 25	65,858	65,858
At 31 December 25	65,858	65,858
Depreciation and impairment
At 01 January 25	39,891	39,891
Charge for year	6,492	6,492
At 31 December 25	46,383	46,383
Net book value
At 31 December 25	19,475	19,475
At 31 December 24	25,967	25,967

4.	Investment property
	The freehold investment properties were acquired between 2016 and 2023. The freehold investment properties have been valued at £1,410,000 by the directors on 31st December 2025. The total cost of all properties is £663,832 with enhancement expenditure of £28,686


		£
	Fair value at 01 January 25	1,380,000
	Fair value adjustments	30,000
	At 31 December 25	1,410,000

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Bank borrowings and overdrafts	632,235	698,854
Taxation and social security	7,085	-
Accrued liabilities and deferred income	1,558	5,653
Total	640,878	704,507

6.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	271,600	307,344
Total	271,600	307,344