| RTN Finance Limited |
| Registered number: |
15498280 |
| Balance Sheet |
| as at 31 July 2025 |
|
|
|
|
|
|
|
|
| Notes |
|
2025 |
|
|
|
|
£ |
£ |
|
| Current assets |
| Debtors |
4 |
|
236,603 |
| Cash at bank and in hand |
|
|
25,840 |
|
|
|
262,443 |
|
|
|
|
|
|
|
|
| Creditors: amounts falling due within one year |
5 |
|
(101,566) |
|
| Net current assets |
|
|
|
160,877 |
|
|
| Total assets less current liabilities |
|
|
|
160,877 |
|
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(129,328) |
|
| Provisions for liabilities |
|
|
|
(9,073) |
|
| Net assets |
|
|
|
22,476 |
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
2,997 |
| Profit and loss account |
|
|
|
19,479 |
|
| Shareholders' funds |
|
|
|
22,476 |
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
| T Jones |
| Director |
| Approved by the board on 19 August 2025 |
|
| RTN Finance Limited |
| Notes to the Accounts |
| for the period from 17 February 2024 to 31 July 2025 |
|
|
|
|
|
|
|
|
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 (as applicable to small companies), The Financial Reporting Standard applicable in the UK and Republic of Ireland. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and comprises rentals received in the period,together with extension rentals and fees. |
|
|
Debtors |
|
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts.The net investment in hire agreement represents rental payments recoverable, net of their future interest elements and any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price. Loans and other financial liabilities are also recognised at transaction price net of any transaction costs. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. |
|
|
| 2 |
Employees |
2025 |
|
| Number |
|
|
|
Average number of persons employed by the company |
3 |
|
|
|
|
|
|
|
|
|
| 3 |
Taxation |
2025 |
|
| £ |
|
|
|
Deferred tax |
9,073 |
|
|
|
|
|
|
|
|
|
| 4 |
Debtors |
2025 |
|
| £ |
|
|
|
Other taxes and social security |
9,678 |
|
Net investment in hire agreements |
226,925 |
|
|
|
|
|
|
236,603 |
|
|
|
|
|
|
|
|
|
|
Amounts due after more than one year included above |
149,565 |
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
| £ |
|
|
|
Net obligations under hire agreements |
62,008 |
|
Amounts owed to connected companies |
38,158 |
|
Accruals and deferred income |
1,400 |
|
|
|
|
|
|
101,566 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
| £ |
|
|
|
Net obligations under hire agreements |
129,328 |
|
|
|
|
|
|
|
|
|
| 7 |
Other information |
|
|
RTN Finance Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Bankspace |
|
145 East Street |
|
Bristol |
|
BS3 4EJ |