Company No: 12985593 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	228,625		275,125
Tangible assets	4	5,055,500		4,973,042
		5,284,125		5,248,167
Current assets
Stocks		419,533		886,472
Debtors	5	66,575		189,445
Cash at bank and in hand		256,363		41,127
		742,471		1,117,044
Creditors: amounts falling due within one year	6	( 4,841,329)		( 5,565,856)
Net current liabilities		(4,098,858)		(4,448,812)
Total assets less current liabilities		1,185,267		799,355
Creditors: amounts falling due after more than one year	7	( 746,546)		( 799,911)
Provision for liabilities		( 16,500)		( 12,750)
Net assets/(liabilities)		422,221		( 13,306)
Capital and reserves
Called-up share capital	8	100		100
Profit and loss account		422,121		( 13,406 )
Total shareholders' funds/(deficit)		422,221		( 13,306)

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 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 Ross Park Homes Limited (registered number: 12985593) were approved and authorised for issue by the Board of Directors on 22 September 2026. They were signed on its behalf by:

Mr R A Hardick 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

Ross Park 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 56 The Square, Chagford, TQ13 8AE, United Kingdom. The principal place of business is The Old Barn, Ipplepen, Newton Abbot, Devon, TQ12 5TT.

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 £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due 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 is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Turnover from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

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.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. 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

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, reducing balance] basis over its expected useful life, as follows:

Land and buildings	50 years straight line
Plant and machinery	5 years straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

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 receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	5		5

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 January 2025	465,000		465,000
At 31 December 2025	465,000		465,000
Accumulated amortisation
At 01 January 2025	189,875		189,875
Charge for the financial year	46,500		46,500
At 31 December 2025	236,375		236,375
Net book value
At 31 December 2025	228,625		228,625
At 31 December 2024	275,125		275,125

4. Tangible assets

	Land and buildings		Plant and machinery		Total
	£		£		£
Cost
At 01 January 2025	5,006,949		52,586		5,059,535
Additions	157,466		1,371		158,837
At 31 December 2025	5,164,415		53,957		5,218,372
Accumulated depreciation
At 01 January 2025	64,806		21,687		86,493
Charge for the financial year	65,967		10,412		76,379
At 31 December 2025	130,773		32,099		162,872
Net book value
At 31 December 2025	5,033,642		21,858		5,055,500
At 31 December 2024	4,942,143		30,899		4,973,042

The Freehold Land, included in Land and buildings, is not depreciated.

5. Debtors

	2025		2024
	£		£
Trade debtors	2,698		305
Amounts owed by Group undertakings	33,971		33,971
Amounts owed by directors	0		131
Prepayments	28,706		28,743
VAT recoverable	953		3,639
Corporation tax	0		116,168
Other debtors	247		6,488
	66,575		189,445

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	47,536		47,490
Trade creditors	34,310		11,831
Amounts owed to Group undertakings	3,153,262		3,847,201
Other loans	0		1,515,009
Accruals and deferred income	61,296		60,578
Other taxation and social security	0		2,044
Other creditors	1,544,925		81,703
	4,841,329		5,565,856

The bank loans of £47,536 (2024: £47,490) are secured by way of fixed and floating charges over the property and undertaking of the company.

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

	2025		2024
	£		£
Bank loans (secured)	746,546		799,911

The bank loans of £746,546 (2024: £799,911) are secured by way of fixed and floating charges over the property and undertaking of the company.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

	2025		2024
	£		£
Bank loans	518,346		571,938

8. Called-up share capital

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

9. Related party transactions

Transactions with owners holding a participating interest in the entity

During the current year, a loan existed with Brechin Investments Limited and Ross Park Homes Limited. Interest of £nil (2024: £119,335 ) was charged on the loan and the balance is repayable on demand. At the balance sheet date the amount due to Brechin Investments Limited was £3,040,935 (2024: £3,847,201).

Transactions with the entity's directors

During the year a loan existed between the company and a director. The loan is repayable on demand. At the year end, the amount due by the director was £Nil (2024: £131).

During the year a loan existed between the company and a former director's spouse. The loan is repayable on demand. At the year end the amount due to the former director's spouse was nil (2024: £300,000).

Other related party transactions

During the current year, a loan existed with Irregular Cornwall Limited. No interest was charged on the loan and the balance is repayable on demand. At the balance sheet date the amount due to Ross Park Homes Limited was £33,971 (2024: £33,971).

During the current year, a loan existed with Rosecliston Park Limited. No interest was charged on the loan and the balance is repayable on demand. At the balance sheet date the amount due by Ross Park Homes Limited was £112,327 (2024: £Nil).

During the current year, a loan existed with Devon Valley Park Limited. No interest was charged on the loan and the balance is repayable on demand. At the balance sheet date the amount due by Ross Park Homes Limited was £1,524,925 (2024: £Nil).

During the current year, a loan existed with Wilson Leisure Limited an associated company. Interest of £26,819 (2024: £47,049) was charged on the loan and the balance is repayable on demand. At the balance sheet date the amount due to Ross Park Homes Limited was nil (2024: £3,847,201) following a restructure within the wider family group.