REGISTERED NUMBER: 03108944 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

RUSKIN MILL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A C H Gordon OBE

REGISTERED OFFICE:

Ruskin Mill

Old Bristol Road

Nailsworth

Gloucestershire

GL6 0LA

REGISTERED NUMBER:

03108944 (England and Wales)

ACCOUNTANTS:

Bronsens Accountants Limited

Chartered Certified Accountants

Eden House

Two Rivers Business Park

Witney

Oxfordshire

OX28 4BL

FIXED ASSETS

Tangible assets

4

1,283,661

1,283,661

CURRENT ASSETS

Debtors

5

242,735

248,716

Cash at bank

61,909

84,766

304,644

333,482

CREDITORS

Amounts falling due within one year

6

76,704

91,041

NET CURRENT ASSETS

227,940

242,441

TOTAL ASSETS LESS CURRENT LIABILITIES

1,511,601

1,526,102

CREDITORS

Amounts falling due after more than one year

7

(237,224

)

(260,105

)

PROVISIONS FOR LIABILITIES

9

(154,851

)

(154,851

)

NET ASSETS

1,119,526

1,111,146

RESERVES

Revaluation reserve

660,816

660,816

Income and expenditure account

458,710

450,330

1,119,526

1,111,146

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 surplus or deficit 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 director and authorised for issue on 29 October 2026 and were signed by:

Mr A C H Gordon OBE - Director

1.	STATUTORY INFORMATION

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

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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.

Tangible fixed assets

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

Freehold property

-

not provided - see below

Improvements to property

-

not provided - see below

Fixtures and fittings

-

not provided - see below

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Investment property and fixtures

No depreciation is provided on freehold land and buildings and fixtures and fittings as they are considered to be investments and thus included in the accounts at open market value. This represents a departure from the Companies Act 2006, in order to give a true and fair view.

Trade debtors

Trade debtors are amounts due from group undertakings for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at

amortised cost using the effective interest method.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

and

property

property

fittings

Totals

£

£

£

£

COST OR VALUATION

At 1 November 2024

and 31 October 2025

1,190,000

87,961

5,700

1,283,661

NET BOOK VALUE

At 31 October 2025

1,190,000

87,961

5,700

1,283,661

At 31 October 2024

1,190,000

87,961

5,700

1,283,661

Land and buildings comprise investment properties which have been valued by the directors on the basis of the open market values with current use as at 31 October 2025.

Cost or valuation at 31 October 2025 is represented by:

Improvements

Fixtures

Freehold

to

and

property

property

fittings

Totals

£

£

£

£

Valuation in 2009

796,162

-

-

796,162

Valuation in 2010

18,845

-

-

18,845

Cost

374,993

87,961

5,700

468,654

1,190,000

87,961

5,700

1,283,661

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

7,977

25,787

Other debtors

200,000

200,000

Directors' current accounts

33,986

22,929

Prepayments

772

-

242,735

248,716

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans and overdrafts

19,739

17,777

Trade creditors

16,762

15,344

Tax

1,963

1,552

Accruals and deferred income

38,240

56,368

76,704

91,041

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans - 2-5 years

75,000

75,000

Bank loans more 5 yr by instal

162,224

185,105

237,224

260,105

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

162,224

185,105

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.10.25

31.10.24

£

£

Bank loans

256,963

277,882

Triodos Bank NV have a legal charge dated 10 July 1997 and a legal mortgage dated 20 August 2010 over the freehold property known as Ruskin Mill, Nailsworth, Gloucester GL6 0LA.

9.	PROVISIONS FOR LIABILITIES

31.10.25

31.10.24

£

£

Deferred tax

154,851

154,851

Deferred

tax

£

Balance at 1 November 2024

154,851

Balance at 31 October 2025

154,851

The deferred tax liability relates to the potential tax due on the revaluation of the freehold property.

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2025 and 31 October 2024:

31.10.25

31.10.24

£

£

Mr A C H Gordon OBE

Balance outstanding at start of year

22,929

26,047

Amounts advanced

11,057

6,882

Amounts repaid

-

(10,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

33,986

22,929

11.	COMPANY LIMITED BY GUARANTEE

The company is limited by guarantee, and the liability of every member for payment of the debts of the company is limited, in the event of the same being wound up while he or she is still a member or within one year after ceasing to be a member, to such sum as may be required not exceeding £1.