REGISTERED NUMBER: 00096813 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

G W RUDD LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M G P C Williams

R K Dore

A P Moore

SECRETARY:

R K Dore

REGISTERED OFFICE:

Rudland House

Railway Street

Bishop Auckland

Co. Durham

DL14 7LR

REGISTERED NUMBER:

00096813 (England and Wales)

SOLICITORS:

Hewitts

207 Newgate Street

Bishop Auckland

Co. Durham

DL14 7EL

FIXED ASSETS

Tangible assets

4

19,916

12,673

Investments

5

1,051

1,051

Investment property

6

520,000

491,985

540,967

505,709

CURRENT ASSETS

Debtors

7

9,267

6,662

Cash at bank

1,038

2,798

10,305

9,460

CREDITORS

Amounts falling due within one year

8

47,369

27,674

NET CURRENT LIABILITIES

(37,064

)

(18,214

)

TOTAL ASSETS LESS CURRENT LIABILITIES

503,903

487,495

CREDITORS

Amounts falling due after more than one year

9

(1,967

)

(1,967

)

PROVISIONS FOR LIABILITIES

10

(30,803

)

(21,466

)

NET ASSETS

471,133

464,062

CAPITAL AND RESERVES

Called up share capital

20,230

20,230

Capital redemption reserve

770

770

Fair value reserve

249,459

236,750

Retained earnings

200,674

206,312

SHAREHOLDERS' FUNDS

471,133

464,062

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 4 September 2026 and were signed on its behalf by:

M G P C Williams - Director

1.	STATUTORY INFORMATION

G W Rudd Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Preparation of consolidated financial statements

The financial statements contain information about G W Rudd Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents rental income from the letting of freehold investment property along with recharges of insurance and other items to tenants.

Rental income is recognised in the period to which it relates. Debtors or creditors are provided at the year end to account for the relevant proportion of rent received in arrears or in advance.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 20% on cost

Investments in subsidiaries and associates

Investments in subsidiary and associate undertakings are recognised at cost.

Investment property

Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit or loss for the year and included in the fair value reserve on the balance sheet. Investment properties are not depreciated.

Deferred tax is provided on revaluation gains at the rate expected to apply when the property is sold.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2025 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 April 2025

17,006

585

17,591

Additions

10,620

1,162

11,782

At 31 March 2026

27,626

1,747

29,373

DEPRECIATION

At 1 April 2025

4,703

215

4,918

Charge for year

4,229

310

4,539

At 31 March 2026

8,932

525

9,457

NET BOOK VALUE

At 31 March 2026

18,694

1,222

19,916

At 31 March 2025

12,303

370

12,673

5.	FIXED ASSET INVESTMENTS

Interest in

associated

underta

kings

£

COST

At 1 April 2025

and 31 March 2026

1,051

NET BOOK VALUE

At 31 March 2026

1,051

At 31 March 2025

1,051

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

491,985

Additions

5,969

Revaluations

22,046

At 31 March 2026

520,000

NET BOOK VALUE

At 31 March 2026

520,000

At 31 March 2025

491,985

Fair value at 31 March 2026 is represented by:

£

Valuation in 2026

520,000

If freehold investment property had not been revalued it would have been included at the following historical cost:

2026

2025

£

£

Cost

239,738

233,769

Freehold investment property was valued on an open market value basis on 29 April 2026 by Carver Commercial Chartered Surveyors .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

9,140

6,571

Prepayments and accrued income

127

91

9,267

6,662

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

801

3,406

Amount owed to related company

24,902

5,019

Social security and other taxes

711

392

Other creditors

7,720

5,020

Accruals and deferred income

13,235

13,837

47,369

27,674

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Preference shares classed as a liability

1,967

1,967

10.	PROVISIONS FOR LIABILITIES

Provisions for liabilities reflects the deferred tax provision in connection with the revalued investment properties.

The provision is calculated on the difference between each property's value and the base cost of the property for capital gains tax purposes. Indexation allowance to 31 December 2017 has also been taken into account. Where there is an inherent capital gain, a deferred tax provision has been made at a rate of 19%.

11.	RELATED PARTY DISCLOSURES

A number of the shareholders of the company, including the directors, have interests in the company referred to below.

Amount due to related party:

London Lending Library (Durham) Limited - £24,902 (2025 - £5,019)

No interest is payable on the above balances and there are no set repayment terms.