ACCOUNTS - Final Accounts preparation

Registered number: 11812970

RAKKER PROPERTIES LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

RAKKER PROPERTIES LIMITED

CONTENTS

	Page
Balance sheet	1 - 2
Notes to the financial statements	3 - 5

RAKKER PROPERTIES LIMITED

REGISTERED NUMBER: 11812970

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note		£		£


Current assets
Stocks		4,267,536		4,180,833
Debtors: amounts falling due within one year	4	77,029		76,696
Cash at bank and in hand		569,749		448,951
		4,914,314		4,706,480
Creditors: amounts falling due within one year	5	(3,745,033)		(3,711,079)
Net current assets			1,169,281		995,401
Creditors: amounts falling due after more than one year	6		(900,000)		(900,000)

Net assets			269,281		95,401

Capital and reserves
Called up share capital	1	1
Profit and loss account	269,280	95,400
	269,281	95,401

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 September 2025.

Mr M J Hawley

Director

The notes on pages 3 to 5 form part of these financial statements.

Page 1

RAKKER PROPERTIES LIMITED

REGISTERED NUMBER: 11812970

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2025

Page 2

RAKKER PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Rakker Properties Limited (the Company) is a private company limited by shares incorporated and domiciled in England. The address of its registered office is Milestone House, Shallowford Court, Henley in Arden, Warwickshire, B95 5BY.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The company is dependent on the support of its parent company, who have indicated that they will provide the financial support necessary to enable the company to continue in operational existence for the forseeable future. Accordingly these financial statements have been prepared on the going concern basis.

2.3

Revenue

Turnover is the total amount receivable by the company for properties and leases sold during the year and are recognised on completion.
Rental income is recognised on a receivable basis.

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

RAKKER PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

2.8

Stocks

Stocks are valued at the lower of cost and net realisable value and consist of properties.

2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

Page 4

RAKKER PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Debtors

					2025	2024
					£	£


Other debtors	77,029	76,696

5.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Amounts owed to group undertakings	3,609,054	3,609,054
Corporation tax	63,030	32,237
Other taxation and social security	8,479	13,741
Other creditors	4,200	1,200
Accruals and deferred income	60,270	54,847
	3,745,033	3,711,079

6.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

	Bank loans	900,000	900,000

The bank loan is secured on certain properties held by the company.

7.	Ultimate parent company

The company is a wholly owned subsidiary of Business Flats Holdings Limited, a company registered in England and Wales.

Page 5