Silverfin false 27 March 2025 27 March 2025 Philip Mills MSc BA ACA Old Mill Audit Limited 0 0 false true 30/09/2024 01/10/2023 30/09/2024 Ms J. Couch 21/11/2022 Ms K. Davies 30/07/2024 05/05/2023 Mr B. Fry 01/07/2021 Mr C. Carter-Keall 25/01/2024 Mr S. Patel 31/03/2023 Mr P. W. Redman 25/01/2024 01/07/2021 Mr. D Stead 06/06/2024 17/07/2022 Mr M. B. Woodman 01/07/2021 27 March 2025 The principal activity for the company continued to be that of a dormant company throughout the year. 05777838 2024-09-30 05777838 bus:Director1 2024-09-30 05777838 bus:Director2 2024-09-30 05777838 bus:Director3 2024-09-30 05777838 bus:Director4 2024-09-30 05777838 bus:Director5 2024-09-30 05777838 bus:Director6 2024-09-30 05777838 bus:Director7 2024-09-30 05777838 bus:Director8 2024-09-30 05777838 core:CurrentFinancialInstruments 2024-09-30 05777838 core:CurrentFinancialInstruments 2023-09-30 05777838 2023-09-30 05777838 core:ShareCapital 2024-09-30 05777838 core:ShareCapital 2023-09-30 05777838 bus:OrdinaryShareClass1 2024-09-30 05777838 2023-10-01 2024-09-30 05777838 bus:FilletedAccounts 2023-10-01 2024-09-30 05777838 bus:SmallEntities 2023-10-01 2024-09-30 05777838 bus:Audited 2023-10-01 2024-09-30 05777838 2022-10-01 2023-09-30 05777838 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05777838 bus:Director1 2023-10-01 2024-09-30 05777838 bus:Director2 2023-10-01 2024-09-30 05777838 bus:Director3 2023-10-01 2024-09-30 05777838 bus:Director4 2023-10-01 2024-09-30 05777838 bus:Director5 2023-10-01 2024-09-30 05777838 bus:Director6 2023-10-01 2024-09-30 05777838 bus:Director7 2023-10-01 2024-09-30 05777838 bus:Director8 2023-10-01 2024-09-30 05777838 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 05777838 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 05777838 1 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 05777838 (England and Wales)

RETIREMENT RENTALS NOMINEE COMPANY 1 LIMITED

Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

RETIREMENT RENTALS NOMINEE COMPANY 1 LIMITED

Financial Statements

For the financial year ended 30 September 2024

Contents

RETIREMENT RENTALS NOMINEE COMPANY 1 LIMITED

COMPANY INFORMATION

For the financial year ended 30 September 2024
RETIREMENT RENTALS NOMINEE COMPANY 1 LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 September 2024
DIRECTORS Ms J. Couch
Ms K. Davies (Resigned 30 July 2024)
Mr B. Fry
Mr C. Carter-Keall (Appointed 25 January 2024)
Mr S. Patel
Mr P. W. Redman (Resigned 25 January 2024)
Mr. D Stead (Resigned 06 June 2024)
Mr M. B. Woodman
REGISTERED OFFICE First Floor
2 Tangier Central
Castle Street
Taunton
TA1 4AS
United Kingdom
COMPANY NUMBER 05777838 (England and Wales)
AUDITOR Old Mill Audit Limited
Leeward House
Fitzroy Road
Exeter Business Park
Exeter
Devon
EX1 3LJ
RETIREMENT RENTALS NOMINEE COMPANY 1 LIMITED

BALANCE SHEET

As at 30 September 2024
RETIREMENT RENTALS NOMINEE COMPANY 1 LIMITED

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Current assets
Debtors 2 1 1
1 1
Net current assets 1 1
Total assets less current liabilities 1 1
Net assets 1 1
Capital and reserves
Called-up share capital 3 1 1
Total shareholder's funds 1 1

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Retirement Rentals Nominee Company 1 Limited (registered number: 05777838) were approved and authorised for issue by the Board of Directors on 27 March 2025. They were signed on its behalf by:

Ms J. Couch
Director
RETIREMENT RENTALS NOMINEE COMPANY 1 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
RETIREMENT RENTALS NOMINEE COMPANY 1 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Retirement Rentals Nominee Company 1 Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is First Floor, 2 Tangier Central, Castle Street, Taunton, TA1 4AS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

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

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

• Section 7 ‘Statement of Cash Flows’ – Presentation of a statement of cash flow and related notes and disclosures;

• Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues’ – Carrying amounts, interest income/expense and net gains/losses for each category of financial instrument; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

• Section 26 ‘Share based Payment’ – Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements;

• Section 33 ‘Related Party Disclosures’ – Compensation for key management personnel.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Income Statement

The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Income statement is presented in these financial statements.

Fixed asset investments

Retirement Rentals Nominee Company 1 Limited is the legal owner of three flats. These properties were purchased by Retirement Housing Partnership, in which Retirement Rentals Nominee Company 1 Limited's parent company is the General Partner, to be used as rental dwellings for the benefit of the partnership.

The Retirement Housing Partnership retains beneficial ownership and receives all rental income from the flats.

The directors have reviewed the accounting treatment and concluded that the substance of the above arrangement should be followed and consequently the flats are shown on the statement of financial position of the Retirement Housing Partnership.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 7 7

2. Debtors

2024 2023
£ £
Amounts owed by Parent undertakings 1 1

3. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1

4. Audit Opinion

The auditor's report on the accounts for the financial year ended 30 September 2024 was unqualified.

The audit report was signed by Philip Mills MSc BA ACA on behalf of Old Mill Audit Limited.

5. Ultimate controlling party

Parent Company:

Searchlight Capital Partners
745 Fifth Avenue, New York, NY 10151, US

Consolidated financial statements can be obtained from the above registered headquarters address.