Registration number: 11642785

Stor RB One Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

Stor RB One Limited

Company Information

Directors

A A Ahsan G Brintalos

Registered office

14 Old Queen Street London SW1H 9HP

Accountants

Carbon Accountancy Limited Chartered Accountants80-83 Long Lane London EC1A 9ET

Stor RB One Limited

(Registration number: 11642785)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Current assets
Aquired debtors	4	27,029,297	24,577,685
Cash at bank and in hand		4,791,287	7,547,606
		31,820,584	32,125,291
Creditors: Amounts falling due within one year	5	(21,089,164)	(13,015,369)
Total assets less current liabilities		10,731,420	19,109,922
Creditors: Amounts falling due after more than one year	5	(15,717,161)	(21,674,675)
Provisions for liabilities		785,392	-
Net liabilities		(4,200,349)	(2,564,753)
Capital and reserves
Profit and loss account		(4,200,349)	(2,564,753)
Shareholders' deficit		(4,200,349)	(2,564,753)

For the financial year ending 31 December 2024 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The value of company share capital is 0.01 and as the financial statements are rounded to £1, this is therefore not shown as a separate line item on the balance sheet.

Approved and authorised by the Board on 30 September 2025 and signed on its behalf by:
 

......................................... A A Ahsan Director

......................................... G Brintalos Director

Stor RB One Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

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

The address of its registered office is:
14 Old Queen Street
London
SW1H 9HP
England

These financial statements were authorised for issue by the Board on 30 September 2025.

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

The financial statements have been prepared in accordance with Financial Reporting Standard 102 (FRS 102) Section 1A, The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis under the historical cost convention.

The financial statements are presented in pounds sterling.

Going concern

The directors are satisfied that the Company has adequate resources to continue in operational existence for the foreseeable future and therefore adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover mainly represents fees earned on funded receivables, calculated daily on outstanding capital and invoiced monthly. Revenue is recognised on an accrual basis to the extent that collection is probable.

Turnover is presented net of value added tax and other sales taxes.

Finance income and costs policy

Finance costs are recognised in profit or loss using the effective interest method over the term of the related borrowing.

Foreign currency transactions and balances

Transactions in foreign currencies are translated into sterling at the exchange rate on the transaction date. Monetary assets and liabilities denominated in foreign currencies are translated at the closing rate at the reporting date. Exchange differences arising on settlement or retranslation of monetary items are recognised in profit or loss.

Tax

Current tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws enacted or substantively enacted at the reporting date.

Stor RB One Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Deferred tax is recognised in respect of timing differences between accounting and taxable profits, to the extent that it is probable they will reverse against future taxable profits. Deferred tax assets are recognised only when their recovery is probable.

A deferred tax asset has been recognised in respect of carried-forward tax losses.

Management has assessed the recoverability of these losses and considers it appropriate to recognise a deferred tax asset of £785,392 at 31 December 2024 (2023: £nil). This recognition reflects the expectation that the company will generate sufficient taxable profits in the year ending 31 December 2025 and subsequent years against which the losses can be utilised.

The deferred tax asset is measured at the substantively enacted corporation tax rate of 25% at the balance sheet date.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, 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.

Financial instruments

The financial instruments comprise debtors and creditors arising from its operations, together with convertible loan notes, other loans and directors’ loans.

Debtors (including trade debtors, acquired debtors, amounts owed by convertible loan notes, and prepayments) are measured at transaction price less any impairment.

Creditors (including trade creditors, amounts due to customers, other creditors, taxation and social security, accruals and loans) are measured at transaction price or at amortised cost where applicable.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 0).

4

Debtors

Current	Note	2024 £	2023 £
Trade debtors		26,882,431	24,430,818
Amounts owed by group undertakings and undertakings in which the company has a participating interest	8	146,866	146,867
		27,029,297	24,577,685

Stor RB One Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Amounts owed to group undertakings and undertakings in which the company has a participating interest	8	13,945,921	7,572,320
Accruals and deferred income		-	245,472
Other creditors		7,143,243	5,197,577
		21,089,164	13,015,369

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	7	15,717,161	21,674,675

6	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary share of £0.01 each	1	0.01	1	0.01

7	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Other borrowings	15,717,161	21,674,675

8	Related party transactions

Summary of transactions with parent

Total amount of £9,956,880 (2023: £5,935,629) due to Stor Holdings Limited, a parent company, included £9,153,144 (2023: £5,791,548) in respect of an interest bearing loan which is repayable on demand and trade payables of £803,736 (2023: £144,081).

Stor RB One Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Summary of transactions with subsidiaries

At the year end, the company owed £3,989,041 (2023: £1,636,691) to Stor Services Limited in respect of trade payables.
Included in amounts owed by group undertakings is £146,866 (2023: £146,867) due from Stor Services Limited.
Stor Services Limited is a company that is part of the group headed by Stor Holdings Ltd.

9	Parent and ultimate parent undertaking

The company's immediate parent is Stor Holdings Limited, incorporated in England, Parent registered office address is 14 Old Queen Street, London, SW1H 9HP.