REGISTERED NUMBER: 08590758

Financial Statements For The Year Ended 31st December 2025

for

UNIT 2 (RICKMANSWORTH) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J D Wilson

Mrs. D Wilson

REGISTERED OFFICE:

Olds Approach

Tolpits Lane

Watford

Hertfordshire

WD18 9XT

REGISTERED NUMBER:

08590758

AUDITORS:

Dua & Co Limited

Chartered Accountants & Registered Auditors

1st Floor

5 Century Court

Tolpits Lane

Watford

Hertfordshire

WD18 9PX

FIXED ASSETS

Tangible assets

4

4,434,825

4,309,778

Investment property

5

2,413,772

2,338,754

6,848,597

6,648,532

CURRENT ASSETS

Debtors

6

2,211

10

Cash and cash equivalents

7

90,235

946,608

92,446

946,618

CREDITORS

Amounts falling due within one year

8

2,788,136

3,786,312

NET CURRENT LIABILITIES

(2,695,690

)

(2,839,694

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,152,907

3,808,838

PROVISIONS FOR LIABILITIES

9

485,912

397,298

NET ASSETS

3,666,995

3,411,540

CAPITAL AND RESERVES

Called up share capital

10

10

Revaluation reserve

10

656,978

837,571

Retained earnings

3,010,007

2,573,959

SHAREHOLDERS' FUNDS

3,666,995

3,411,540

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd September 2026 and were signed on its behalf by:

J D Wilson - Director

1.	GENERAL INFORMATION

Unit 2 (Rickmansworth) Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is Olds Approach, Tolpits Lane, Watford, Hertfordshire, WD18 9XT.

The principal activity of the company is to hold property for the use of Orbital Fasteners Limited, a fellow group company.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from rental property is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Operating leases: the Company as lessor

Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term.

Amounts paid and payable as an incentive to sign an operating lease are recognised as a reduction to income over the lease term on a straight-line basis, unless another systematic basis is representative of the time pattern over which the lessor's benefit from the leased asset is diminished.

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Investment property rented to other group entities and accounted for under the cost model is stated at historical cost less accumulated depreciation and any accumulated impairment losses.

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property - 3% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Investment property

Investment property is carried at fair value determined annually by external valuers, or the Directors, and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Investment property valued by Brasier Freeth LLP on 1 January 2022. Subsequently, fair value is determined on a roll forward basis by the Directors.

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1st January 2025

4,955,474

Additions

149,699

At 31st December 2025

5,105,173

DEPRECIATION

At 1st January 2025

645,696

Charge for year

24,652

At 31st December 2025

670,348

NET BOOK VALUE

At 31st December 2025

4,434,825

At 31st December 2024

4,309,778

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st January 2025

2,338,754

Additions

75,018

At 31st December 2025

2,413,772

NET BOOK VALUE

At 31st December 2025

2,413,772

At 31st December 2024

2,338,754

Fair value at 31st December 2025 is represented by:

£

Valuation in 2018

146,902

Valuation in 2020

823,634

Valuation in 2021

(146,564

)

Cost

1,589,800

2,413,772

If investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

1,591,807

1,514,764

Aggregate depreciation

(292,780

)

(275,087

)

Investment property were valued on an open market value basis on 31st December 2025 by Directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

2,211

10

7.	CASH AND CASH EQUIVALENTS

2025

2024

£

£

Bank account no. 1

90,235

946,608

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

2,721,622

3,674,731

Taxation and social security

63,014

109,181

Other creditors

3,500

2,400

2,788,136

3,786,312

Details of security provided:

There is debenture over all of the assets of the company as well as legal charges over the properties held in favour of Royal Bank of Scotland Plc.

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

485,912

397,298

Deferred

tax

£

Balance at 1st January 2025

397,298

Charge to Income Statement during year

98,573

Offset revaluation reserve

(9,959

)

Balance at 31st December 2025

485,912

10.

RESERVES

Revaluation reserve

The revaluation reserve represents gains on revaluation of investment property which has subsequently been transferred to tangible fixed assets at deemed cost. Historic revaluation gains previously recognized in profit and loss have been transferred from retained earnings to this revaluation reserve.

Profit and loss account

The profit and loss reserve consists of all previous cumulative profits and losses. The amount of £837,571 historic revaluation gains on revaluation of investment property were recognised in the retained earnings but are noted as non-distributable.

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Rakesh Kumar Dua (Senior Statutory Auditor)

for and on behalf of Dua & Co Limited

12.	RELATED PARTY TRANSACTIONS

The company has taken advantage of the exemption set out in section 33 of FRS102 to not disclose transactions and year end balances with entities within the group.

13.	CONTROLLING PARTY

The parent company is Orbital Fasteners Holdings Limited, incorporated in England and Wales. Its registered office is Olds Approach, Tolpits Lane, Watford, Hertfordshire, WD18 9XT. Copies of the consolidated financial statements can be obtained from Companies House.