Registration number: 15894032

Horizon RR Ltd

(Registration number: 15894032)

Balance Sheet as at 31 August 2025

	Note	2025 £
Fixed assets
Tangible assets	3	41,365
Investment property	4	339,725
		381,090
Current assets
Debtors	5	609
Cash at bank and in hand		3,926
		4,535
Creditors: Amounts falling due within one year	6	(162,477)
Net current liabilities		(157,942)
Total assets less current liabilities		223,148
Creditors: Amounts falling due after more than one year	6	(244,040)
Net liabilities		(20,892)
Capital and reserves
Called up share capital		100
Retained earnings		(20,992)
Shareholders' deficit		(20,892)

For the financial period ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Director's Report and the Profit and Loss Account has been taken.

Horizon RR Ltd

(Registration number: 15894032)

Balance Sheet as at 31 August 2025 (continued)

These financial statements, which 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 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the director on 11 November 2025
 

.........................................

O Ellis-Middleton

Director

Horizon RR Ltd

Notes to the Unaudited Financial Statements for the Period from 13 August 2024 to 31 August 2025

1	Accounting policies

Statutory information

Horizon RR Ltd is a private company, limited by shares, domiciled in England and Wales, company number 15894032. The registered office is at Pegasus House, 463a Glossop Road, , Sheffield, S10 2QD.

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Going concern

After due consideration of all relevant factors, and the continued support of the shareholder, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, he continues to adopt the going concern basis in preparing the annual report and accounts.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the rental of the company's investment property. Revenue is recognised on a straight line basis over the lease terms.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor vehicles	25% Straight line

Horizon RR Ltd

Notes to the Unaudited Financial Statements for the Period from 13 August 2024 to 31 August 2025 (continued)

1	Accounting policies (continued)

Investment properties

Investment properties are carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors with the assistance of external valuers as detailed in note 4 of the financial statements. The valuers 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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.
 

2	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 0.

Horizon RR Ltd

Notes to the Unaudited Financial Statements for the Period from 13 August 2024 to 31 August 2025 (continued)

3	Tangible assets

	Motor vehicles  £
Cost or valuation
Additions	43,164
At 31 August 2025	43,164
Depreciation
Charge for the period	1,799
At 31 August 2025	1,799
Carrying amount
At 31 August 2025	41,365

4	Investment properties

	£
Fair value
Additions	339,725

The director is satisfied that the fair value of the company's investment properties as at 31 August 2025 are not materially different to the above valuation. The historical cost of the investment properties is £399,725.

5

Debtors

Current	2025 £
Prepayments	609
	609

6

Creditors

	2025 £
Due within one year
Trade creditors	383
Accruals and deferred income	3,096
Director's loan account	158,998
	162,477

Horizon RR Ltd

Notes to the Unaudited Financial Statements for the Period from 13 August 2024 to 31 August 2025 (continued)

6	Creditors (continued)

Creditors: amounts falling due after more than one year

	2025 £
Due after one year
Bank borrowings	244,040