RSSA Investments Limited

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 5

RSSA Investments Limited

(Registration number: 11276153)
Statement of Financial Position as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	2,400,601	2,400,601
Current assets
Debtors	5	12,258	12,116
Cash at bank and in hand		97,247	23,325
		109,505	35,441
Creditors: Amounts falling due within one year	6	(26,350)	(10,090)
Net current assets		83,155	25,351
Total assets less current liabilities		2,483,756	2,425,952
Creditors: Amounts falling due after more than one year	6	(2,300,966)	(2,313,112)
Net assets		182,790	112,840
Capital and reserves
Called up share capital		100	100
Profit and loss account		182,690	112,740
Shareholders' funds		182,790	112,840

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 17 September 2025 and signed on its behalf by:
 

Mr Richard Dudley Steer Director

RSSA Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
2 Berkeley Cottages
Collingwood Road
Stoke
Plymouth
Devon
PL1 5QT

Principal activity

The principal activity of the company is the ownership and letting of residential property.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises rents receivable on the company's long leasehold property.
The company is not registered for VAT.

RSSA Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2	Accounting policies (continued)

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are initially stated in the statement of financial position at cost, and are subsequently restated to market value if there has been a significant increase in their carrying value.

No depreciation is charged because the properties are considered to be investment properties.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, 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. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of comprehensive income over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2024 - 1).

RSSA Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

4	Tangible assets

	Long leasehold land and buildings £	Total £
Cost or valuation
At 1 April 2024	2,400,601	2,400,601
At 31 March 2025	2,400,601	2,400,601
Depreciation
Carrying amount
At 31 March 2025	2,400,601	2,400,601
At 31 March 2024	2,400,601	2,400,601

Included within the net book value of land and buildings above is £2,400,601 (2024 - £2,400,601) in respect of long leasehold land and buildings.
 

5

Debtors

	2025 £	2024 £
Trade debtors	11,732	11,590
Other debtors	526	526
	12,258	12,116

RSSA Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Taxation and social security	24,550	8,380
Accruals and deferred income	1,800	1,710
	26,350	10,090

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	2,300,966	2,313,112

7

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	120,360	533,110
Other borrowings	2,180,606	1,780,002
	2,300,966	2,313,112

The bank hold mortgages over the long leasehold property as security for their advances.