ACCOUNTS - Final Accounts preparation

Company registration number: 12016527

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025

	RAP BLUEBELL LTD


RAP BLUEBELL LTD

COMPANY INFORMATION

Directors	R A Potyka
	T R Potyka


Registered number	12016527


Registered office	Clayfield House
	Whitepit Lane
	Wooburn Green
	Buckinghamshire
	HP10 0HR


Accountants	Menzies LLP
	Chartered Accountants
	Magna House
	18-32 London Road
	Staines-Upon-Thames
	TW18 4BP


RAP BLUEBELL LTD

CONTENTS

	Page
Statement of financial position	1
Notes to the financial statements	2 - 4


RAP BLUEBELL LTD REGISTERED NUMBER:12016527

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£


Current assets
Stocks		567,947		537,126
Debtors: amounts falling due within one year	4	2,131,569		2,040,340
Cash at bank and in hand		16		815
		2,699,532		2,578,281
Creditors: amounts falling due within one year	5	(3,057,927)		(2,957,600)
Net current liabilities			(358,395)		(379,319)
Total assets less current liabilities			(358,395)		(379,319)
Creditors: amounts falling due after more than one year	6		(1,667)		(11,667)

Net liabilities			(360,062)		(390,986)

Capital and reserves
Called up share capital	100	100
Profit and loss account	(360,162)	(391,086)
	(360,062)	(390,986)

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 by:

R A Potyka

Director

Date: 4 December 2025

The notes on pages 2 to 4 form part of these financial statements.

Page 1


RAP BLUEBELL LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

RAP Bluebell Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
The presentation currency of the financial statements is the Pound Sterling (£).

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

At the balance sheet date 31 March 2025 the company shows a deficiency of total assets over total liabilities of £360,062 (2024: £390,986). Due to the ongoing support of the directors, the company expects to meet its liabilities as they fall due, the company has prepared its financial statements on a going concern basis.

2.3

Turnover

Turnover is generated through the development and sale of properties as well as incidental rental income during the development process and 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. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 2


RAP BLUEBELL LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Employees

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

Page 3


RAP BLUEBELL LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Debtors

					2025	2024
					£	£


Amounts owed by associated undertakings	1,974,186	1,938,538
Deferred taxation	157,383	101,802
	2,131,569	2,040,340

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

Bank loans	10,000	10,000
Amounts owed to associated undertakings	2,769,065	2,687,964
Other creditors	17,762	11,036
Accruals and deferred income	261,100	248,600
	3,057,927	2,957,600

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

Bank loans	1,667	11,667
	1,667	11,667

The loan amount of £11,667 (2024: £21,667) included within creditors, is guaranteed under the bounce back loan scheme (BBLS) by the UK Goverment.

7.	Guarantees and other financial commitments

The company benefited from a loan facility obtained by its parent, RAP Building & Developments Ltd, from Secure Trust Bank PLC, which was used to finance the acquisition of the property held by the company.
The loan is secured by a legal charge over the development properties owned by the company included within stock. The company has not provided a guarantee for the loan but acknowledges the benefit received.

8.	Transactions with directors

At the year end £440,083 (2024: £440,083) was due back to a director.

Page 4