REGISTERED NUMBER: 00096813 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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

12,673

10,903

Investments

5

1,051

15,497

Investment property

6

491,985

487,481

505,709

513,881

CURRENT ASSETS

Debtors

7

6,662

45,046

Cash at bank

2,798

7,217

9,460

52,263

CREDITORS

Amounts falling due within one year

8

27,674

57,149

NET CURRENT LIABILITIES

(18,214

)

(4,886

)

TOTAL ASSETS LESS CURRENT LIABILITIES

487,495

508,995

CREDITORS

Amounts falling due after more than one year

9

(1,967

)

(1,967

)

PROVISIONS FOR LIABILITIES

(21,466

)

(21,466

)

NET ASSETS

464,062

485,562

CAPITAL AND RESERVES

Called up share capital

20,230

20,230

Capital redemption reserve

770

770

Fair value reserve

236,750

236,750

Retained earnings

206,312

227,812

SHAREHOLDERS' FUNDS

464,062

485,562

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 30 September 2025 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 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 April 2024

12,360

585

12,945

Additions

4,646

-

4,646

At 31 March 2025

17,006

585

17,591

DEPRECIATION

At 1 April 2024

1,944

98

2,042

Charge for year

2,759

117

2,876

At 31 March 2025

4,703

215

4,918

NET BOOK VALUE

At 31 March 2025

12,303

370

12,673

At 31 March 2024

10,416

487

10,903

5.	FIXED ASSET INVESTMENTS

Interest in

Shares in

associated

group

underta

undertakings

kings

Totals

£

£

£

COST

At 1 April 2024

14,446

1,051

15,497

Disposals

(14,446

)

-

(14,446

)

At 31 March 2025

-

1,051

1,051

NET BOOK VALUE

At 31 March 2025

-

1,051

1,051

At 31 March 2024

14,446

1,051

15,497

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

487,481

Additions

4,504

At 31 March 2025

491,985

NET BOOK VALUE

At 31 March 2025

491,985

At 31 March 2024

487,481

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

491,985

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

2025

2024

£

£

Cost

233,769

229,265

Freehold investment property was valued on an open market value basis on 3 February 2023 by Carver Commercial Chartered Surveyors .

Additional capital investment has been made on one of the properties during the year. Those costs have been added to the valuation obtained in 2023. The directors consider that for the other properties the valuations are realistic.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

6,571

6,775

Amounts owed by group undertakings

-

37,337

Prepayments and accrued income

91

934

6,662

45,046

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

3,406

2,333

Amounts owed to group undertakings

5,019

33,951

Social security and other taxes

392

17

Other creditors

5,020

6,020

Accruals and deferred income

13,837

14,828

27,674

57,149

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Preference shares classed as a liability

1,967

1,967

10.	RELATED PARTY DISCLOSURES

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

Amounts due from related parties:

London Lending Library (Durham) Limited - £NIL (2024 - £37,337)

Amounts due to related parties:

London Lending Library (Durham) Limited - £5,019 (2024 - £NIL)

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