Ruby Property Solutions Ltd

Ruby Property Solutions Ltd Accountants' Report For the year ended 31 August 2026
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Ruby Property Solutions Ltd for the year ended 31 August 2026. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ruby Property Solutions Ltd for the year ended 31 August 2026 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Ruby Property Solutions Ltd, as a body, in accordance with the terms of our engagement letter dated 10 August 2021. Our work has been undertaken solely to prepare for your approval the accounts of Ruby Property Solutions Ltd and state those matters that we have agreed to state to the Board of Directors of Ruby Property Solutions Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ruby Property Solutions Ltd and its Board of Directors as a body for our work or for this report. It is your duty to ensure that Ruby Property Solutions Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Ruby Property Solutions Ltd. You consider that Ruby Property Solutions Ltd is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the accounts of Ruby Property Solutions Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts 31 August 2026 .................................................... aa Chartered Accountants 6 Blenheim Court, Peppercorn Close, Peterborough, PE1 2DU 05 October 2026 1

Ruby Property Solutions Ltd
Accountants' Report
For the year ended 31 August 2026

Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Ruby Property Solutions Ltd for the year ended 31 August 2026.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ruby Property Solutions Ltd for the year ended 31 August 2026 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Ruby Property Solutions Ltd, as a body, in accordance with the terms of our engagement letter dated 10 August 2021. Our work has been undertaken solely to prepare for your approval the accounts of Ruby Property Solutions Ltd and state those matters that we have agreed to state to the Board of Directors of Ruby Property Solutions Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ruby Property Solutions Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Ruby Property Solutions Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Ruby Property Solutions Ltd.

You consider that Ruby Property Solutions Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Ruby Property Solutions Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 August 2026

....................................................
aa Chartered Accountants
6 Blenheim Court,
Peppercorn Close,
Peterborough,
PE1 2DU
05 October 2026

Ruby Property Solutions Ltd
Statement of Financial Position
As at 31 August 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	3	368,890	368,889
		368,890	368,889
Current assets
Debtors		15,030	14,319
Cash at bank and in hand		1,409	1,292
		16,439	15,611
Creditors: amount falling due within one year		(208,570)	(164,396)
Net current assets		(192,131)	(148,785)

Total assets less current liabilities		176,759	220,104
Creditors: amount falling due after more than one year		(324,198)	(319,462)
Provisions for liabilities		18,264	18,264
Net assets		(129,175)	(81,094)

Capital and reserves
Called up share capital	4	2	2
Profit and loss account		(129,177)	(81,096)
Shareholders' funds		(129,175)	(81,094)

For the year ended 31 August 2026 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 accounts for the year in question 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 accounts.

These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 11 October 2026 and were signed on its behalf by:

-------------------------------
Caitriona Ellis
Director

-------------------------------
Sharon Commins
Director

Ruby Property Solutions Ltd
Notes to the Abridged Financial Statements
For the year ended 31 August 2026

General Information

Ruby Property Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 12812666, registration address Unit 4, Stephen's Court, Willington , Crook, Durham, DL15 0BF.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Going concern basis

Going concern

The company continues to experience significant cash flow pressures and relies on financial support from its directors and other lenders to meet funding shortfalls. Although the accounts may show a positive financial performance, this does not reflect the companys limited cash resources or its ability to meet liabilities without additional support.

Refurbishment of three properties has been funded by loans from the management company, with refurbishment of a further property funded by a loan from Susan Cremin. Further work is required on other properties, placing additional demands on cash flow. The directors do not expect the company to be in a position to repay their loans for several years.

Outstanding council tax liabilities are include rates of an estimated £12,000, which are being repaid at approximately £5 to £15 per month per property. Recovery of the loan made to Chris Cleghorn remains uncertain while the related criminal proceedings are ongoing.

The companys ability to continue as a going concern depends on continued financial support, sufficient cash generation from its properties and its ability to manage outstanding liabilities and refurbishment costs. These conditions indicate a material uncertainty that may cast significant doubt on the companys ability to continue as a going concern.

Turnover

Turnover comprises the gross rental income supplied by the company.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Investment properties

Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Fixed asset investments

Fixed asset investments are stated at cost less provision for any permanent diminution in value.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees including directors Average number of employees during the year was 2 (2025 : 2).

Tangible fixed assets

Cost or valuation	Investment properties	Total
	£	£
At 01 September 2025	368,890	368,890
Additions	-	-
Disposals	-	-
At 31 August 2026	368,890	368,890
Depreciation
At 01 September 2025	-	-
Charge for year	-	-
On disposals	-	-
At 31 August 2026	-	-
Net book values
Closing balance as at 31 August 2026	368,890	368,890
Opening balance as at 01 September 2025	368,889	368,889

Share Capital

Allotted, called up and fully paid	2026 £		2025 £
2 Ordinary shares of £1.00 each	2		2
	2		2

5.	Director’s loan

Directors Loan

As at the balance sheet date, the directors had advanced the sums of:

C Ellis £68,184 (2025 £64,172)

S Commins £102,786.40 (2025 £100,224)

These facilities are interest free and repayable upon demand

6.	Bank Loans and overdrafts - security The bank loans, aggregate £324, 198 (2025 319, 462) are secured against the properties.