Registration number: 09193195

RexVia Limited
(formerly DRN Global Investments Limited)

(Registration number: 09193195)
Balance Sheet as at 31 December 2024

	Note	31 December 2024 £	31 August 2023 £
Fixed assets
Investment property	4	700,000	700,000
Current assets
Cash at bank and in hand		3,837	8,176
Creditors: Amounts falling due within one year	5	(233,013)	(209,593)
Net current liabilities		(229,176)	(201,417)
Total assets less current liabilities		470,824	498,583
Creditors: Amounts falling due after more than one year	5	(129,380)	(170,121)
Provisions for liabilities		(25,937)	(25,937)
Net assets		315,507	302,525
Capital and reserves
Called up share capital	7	300	300
Other reserves		123,000	123,000
Retained earnings		192,207	179,225
Shareholders' funds		315,507	302,525

RexVia Limited
(formerly DRN Global Investments Limited)

(Registration number: 09193195)
Balance Sheet as at 31 December 2024

For the financial period 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 period 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 8 December 2025 and signed on its behalf by:
 

Mr D Cormican Director

RexVia Limited
(formerly DRN Global Investments Limited)

Notes to the Unaudited Financial Statements for the Period from 1 September 2023 to 31 December 2024

1	General information

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

The company was formerly known as DRN Global Investments Limited.

The address of its registered office is:
50-54 Oswald Road
Scunthorpe
North Lincolnshire
DN15 7PQ

Registration number: 09193195

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts.

The company recognises revenue when: the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

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.

RexVia Limited
(formerly DRN Global Investments Limited)

Notes to the Unaudited Financial Statements for the Period from 1 September 2023 to 31 December 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Borrowings

Interest-bearing borrowings are recorded at fair value, net of transaction costs.

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

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

RexVia Limited
(formerly DRN Global Investments Limited)

Notes to the Unaudited Financial Statements for the Period from 1 September 2023 to 31 December 2024

4	Investment properties

	31 December 2024 £
At 1 September	700,000
At 31 December	700,000

The value of investment property is reviewed annually by the directors.

During the previous year the properties were revalued based upon the market value of similar properties.

5

Creditors

	Note	31 December 2024 £	31 August 2023 £
Due within one year
Loans and borrowings	6	30,828	20,917
Amounts due to related parties		197,645	185,165
Social security and other taxes		3,044	2,015
Other creditors		1,496	1,496
		233,013	209,593