ACCOUNTS - Final Accounts preparation

Registered number: 09331868

RECTORY HOMES BONDS PLC

UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

RECTORY HOMES BONDS PLC

COMPANY INFORMATION

Directors	S P Vickers
	C Bethell-Vickers


Registered number	09331868


Registered office	Rectory House
	Thame Road
	Haddenham
	Aylesbury
	HP17 8DA


Accountants	James Cowper Kreston
	Chartered Accountants
	Reading Bridge House
	George Street
	Reading
	Berkshire
	RG1 8LS

RECTORY HOMES BONDS PLC

CONTENTS

	Page
Directors' report	1
Accountant's report	2
Profit and loss account	3
Balance sheet	3
Notes to the financial statements	4 - 6

RECTORY HOMES BONDS PLC

DIRECTORS' REPORT

FOR THE YEAR ENDED 31 MAY 2025

The directors present their report and the financial statements for the year ended 31 May 2025.

Directors

The directors who served during the year were:

S P Vickers

C Bethell-Vickers

This report was approved by the board and signed on its behalf.

S P Vickers

Director

Date: 16 October 2025

Page 1

RECTORY HOMES BONDS PLC

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF RECTORY HOMES BONDS PLC
FOR THE YEAR ENDED 31 MAY 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rectory Homes Bonds Plc for the year ended 31 May 2025 which comprise the Profit and loss account, the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Rectory Homes Bonds Plc, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Rectory Homes Bonds Plc and state those matters that we have agreed to state to the Board of directors of Rectory Homes Bonds Plc, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rectory Homes Bonds Plc and its Board of directors, as a body, for our work or for this report.

It is your duty to ensure that Rectory Homes Bonds Plc has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and result of Rectory Homes Bonds Plc. You consider that Rectory Homes Bonds Plc is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Rectory Homes Bonds Plc. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

James Cowper Kreston

Chartered Accountants

Reading Bridge House

George Street

Reading

Berkshire

RG1 8LS

21 October 2025

Page 2

RECTORY HOMES BONDS PLC

PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 31 MAY 2025

The Company has not traded during the year or the preceding financial year. During these periods, the Company received no income and incurred no expenditure and therefore made neither profit or loss.

The notes on pages 4 to 6 form part of these financial statements.

BALANCE SHEET

AS AT 31 MAY 2025

		2025		2024
Note		£		£



Creditors: amounts falling due within one year	4	(316,685)		(316,685)
Net current liabilities			(316,685)		(316,685)
Total assets less current liabilities			(316,685)		(316,685)

Net liabilities			(316,685)		(316,685)

Capital and reserves
Called up share capital	5	50,000	50,000
Profit and loss account	6	(366,685)	(366,685)
		(316,685)	(316,685)

For the year ended 31 May 2025 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

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 Company's financial statements have been prepared in accordance with the 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 by:

S P Vickers

Director

Date: 16 October 2025

The notes on pages 4 to 6 form part of these financial statements.

Page 3

RECTORY HOMES BONDS PLC

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

1.	General information

Rectory Homes Bond Plc is a private company limited by shares and incorporated in England and Wales under the Companies Act 2006. The address of the registered office is given on the company information page.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

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.

2.3

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.

2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.5

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.

Page 4

RECTORY HOMES BONDS PLC

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

2.Accounting policies (continued)


	2.6	Taxation

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

Employees

The Company has no employees other than the directors, who did not receive any remuneration (2024 - £NIL).

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

Amounts owed to parent undertaking	309,335	309,335
Bonds	7,000	7,000
Other creditors and accruals	350	350
	316,685	316,685

Bonds are shown net of unamortised arrangement fees of £Nil (2024 - £Nil). The bonds were repayable in full on 21 May 2021 and accrue interest at 6.25% per annum.
Amounts unpaid at the year end due to difficulties the company has had in transferring the cash to the bondholders. Namely that the bank accounts of the bondholders have been closed and that alternative details have yet to be provided by the bondholders.

5.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

50,000 (2024 - 50,000) Ordinary shares of £1.00 each	50,000	50,000

Page 5

RECTORY HOMES BONDS PLC

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

Reserves

The company's capital and reserves are as follows:

Called up share capital

Called up share capital represents the nominal value of the shares issued.

Profit and loss account

The profit and loss account represents cumulative profits or losses, net of dividends paid and other adjustments.

7.	Related party transactions
	The company has taken advantage of the exemption available under Section 33.1A of FRS 102 whereby it has not disclosed transactions with the ultimate parent company or any wholly owned subsidiary undertaking of the group.

8.	Controlling party

The company is controlled by Rectory Homes Limited, the immediate and ultimate parent company. Rectory Homes Limited prepares consolidated financial statements which can be obtained from the registered office. The ultimate controlling party is Simon Vickers.

Page 6