Registration number: 05671199

Ruddell Homes Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 6

Ruddell Homes Limited

Company Information

Director

Mr Daniel Leonard Ruddell

Registered office

62 Steyne Road Bembridge Isle of Wight Isle of Wight PO35 5SL

Accountants

Bright Brown Limited Chartered AccountantsExchange House St. Cross Lane Newport Isle Of Wight PO30 5BZ

Ruddell Homes Limited

(Registration number: 05671199)
Balance Sheet as at 31 January 2026

	Note	2026 £	2025 £
Fixed assets
Investment property	5	235,000	260,000
Current assets
Stocks	6	431,282	431,280
Debtors	7	33,882	31,601
Cash at bank and in hand		885	232
		466,049	463,113
Creditors: Amounts falling due within one year	8	(507,099)	(494,246)
Net current liabilities		(41,050)	(31,133)
Total assets less current liabilities		193,950	228,867
Creditors: Amounts falling due after more than one year	8	(215,557)	(204,215)
Net (liabilities)/assets		(21,607)	24,652
Capital and reserves
Called up share capital		1	1
Retained earnings		(21,608)	24,651
Shareholders' (deficit)/funds		(21,607)	24,652

For the financial year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Ruddell Homes Limited

(Registration number: 05671199)
Balance Sheet as at 31 January 2026

Approved and authorised by the director on 10 October 2026
 

......................................... Mr Daniel Leonard Ruddell Director

Ruddell Homes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

1	General information

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

The address of its registered office is:
62 Steyne Road
Bembridge
Isle of Wight
PO35 5SL
Isle of Wight

These financial statements were authorised for issue by the director on 10 October 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.

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 deferred 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.

Ruddell Homes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2025 - 1).

4	Tangible assets

	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 February 2025	1,860	19,100	20,960
At 31 January 2026	1,860	19,100	20,960
Depreciation
At 1 February 2025	1,860	19,100	20,960
At 31 January 2026	1,860	19,100	20,960
Carrying amount
At 31 January 2026	-	-	-

5	Investment properties

	2026 £
At 1 February	260,000
Fair value adjustments	(25,000)
At 31 January	235,000

There has been no valuation of investment property by an independent valuer.

Ruddell Homes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

6

Stocks

	2026 £	2025 £
Work in progress	431,282	431,280

7

Debtors

Current	2026 £	2025 £
Trade debtors	3,316	3,620
Other debtors	30,566	27,981
	33,882	31,601

8

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings		1,906	1,906
Trade creditors		1,815	1,689
Taxation and social security		-	1,390
Other creditors		503,378	489,261
		507,099	494,246

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings		215,557	204,215