2024-04-012025-03-312025-03-31false09369273R2 FINANCE 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R2 FINANCE LIMITED

Registered Number
09369273
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2025

R2 FINANCE LIMITED
Company Information
for the year from 1 April 2024 to 31 March 2025

Director

RATTRAY, Robert James

Registered Address

Basepoint Centres - Shoreham
Little High Street
Shoreham-By-Sea
BN43 5EG

Registered Number

09369273 (England and Wales)
R2 FINANCE LIMITED
Balance Sheet as at
31 March 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Tangible assets49,1166,497
9,1166,497
Current assets
Debtors517,31020,562
Cash at bank and on hand55,08450,602
72,39471,164
Creditors amounts falling due within one year6(12,695)(12,277)
Net current assets (liabilities)59,69958,887
Total assets less current liabilities68,81565,384
Provisions for liabilities(1,732)(1,234)
Net assets67,08364,150
Capital and reserves
Called up share capital7,5507,550
Profit and loss account59,53356,600
Shareholders' funds67,08364,150
The financial statements were approved and authorised for issue by the Director on 15 April 2025, and are signed on its behalf by:
RATTRAY, Robert James
Director
Registered Company No. 09369273
R2 FINANCE LIMITED
Notes to the Financial Statements
for the year ended 31 March 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life.

Straight line (years)
Land and buildings4
Plant and machinery4
Fixtures and fittings4
Vehicles4
Office Equipment4
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees

20252024
Average number of employees during the year11
3.Deferred tax
The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 2412,671
Additions6,279
Disposals(2,297)
At 31 March 2516,653
Depreciation and impairment
At 01 April 246,174
Charge for year2,810
On disposals(1,447)
At 31 March 257,536
Net book value
At 31 March 259,116
At 31 March 246,497
5.Debtors: amounts due within one year

2025

2024

££
Trade debtors / trade receivables6,4878,513
Other debtors8,7149,926
Prepayments and accrued income2,1092,123
Total17,31020,562
Other debtors includes a loan to director of £8,714 (£9,926 as at 31 March 2024). This was repaid on the 6 April.
6.Creditors: amounts due within one year

2025

2024

££
Taxation and social security12,69512,277
Total12,69512,277
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Related party transactions
A Director loan of £8,714 was outstanding as at 31 March 2025. This was repaid on 6 April 2025. A director loan of £9,926 was outstanding at 31 March 2024. This was repaid on 6 April 2024.
8.Controlling party
The Company is controlled by Robert Rattray, the director and sole shareholder of the company.