The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Rainham Steel Investments Limited is a private company limited by shares incorporated in England and Wales. The registered office is Orbital House, 20 Eastern Road, Romford, Essex, RM1 3PJ and the business address is Steel Approach, Ferry Lane North, Rainham, Essex, RM13 9PF.

These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared under the historical cost convention, modified to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and for a period of at least twelve months following the approval of these financial statements. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover is recognised at the fair value of the rent received or receivable for services provided in the normal course of business.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment property, which is property held to earn rentals and/or for capital appreciation, is measured using the fair value model and stated at its fair value as the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

All of the company's financial assets and liabilities are basic and measured at amortised cost.

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

The average monthly number of persons (including directors) employed by the company during the year was 20 (2024 - 19).

All properties are held for investment purposes.

The historic cost of the Investment Properties at the year end was £46,169,487 (2024: £47,074,530).

Land and buildings were revalued by BNP Paribas Real Estate, chartered surveyors to their open market value.  JLL Limited are external to the company.  The directors consider these values to still be approximate to market value.

On 12 September 2024 the company entered into a bank loan of £17,000,000. Interest is charged over SONIA 5 day NCCR plus margin with the loan being due for repayment in 3 years.

Borrowings are secured by the way of a mortgage debenture and legal charges over some of the company's investment properties.

There is a single class of ordinary shares, there are no restrictions on distributions or repayment of capital.

As a wholly owned subsidiary of Rainham Investment Holdings Limited, the company has elected to take advantage of the exemption from the requirements of FRS 102 to disclose transactions with other members of that group headed by Rainham Investment Holdings Limited.

During the year the company was charged management charges of £114,002 (2024: £115,247) and charged rent totalling £1,389,055 (2024: £1,528,000) to Rainham Steel Company Limited. The company also made purchases of £145 (2024: £3,668,888) and was charged wages costs of £nil (2024: £58,954) from Rainham Steel Company Limited. During the year the company sold land, at market value, to Rainham Steel Company Limited amounting to £2,300,000 (2024: £nil). The company is related to Rainham Steel Company Limited by virtue of common management and control.

Included in other debtors at the year end is an amount due from Rainham Steel Company Limited of £5,002,345 (2024: £5,179,638).

During the year the company made sales of £155,912 (2024: £153,478) to Rainham Securities Limited. Included in other debtors at the year end is an amount due from Rainham Securities Limited of £67,248 (2024: £52,574).

During the year, the company made purchases of £463,417 (2024: £313,911) from Glademore Limited, a company related by virtue of common control. In addition, they made sales of £322,764 (2024: £333,617) to Glademore Limited. Included in other creditors at the year end is an amount due to Glademore Limited of £185,901 (2024: £7,080).

Included in other creditors at the year end is an amount due from W J Ives A&M Settlement Trust of £44,248 (2024: £83,730 included in other debtors). The company is related to W J Ives A&M Settlement Trust as R. J. Carr and A. M. Chapman are trustees of the Settlement.

Included in other creditors at the year end is an amount due to Executors of the Estate of Mr W.J. Ives of £145,953 (2024: £1,015,401). The Executors of the Estate of Mr W.J. Ives are related by virture of being directors of Rainham Steel Investments Limited.

Included in other creditors at the year end is an amount due to a director, K. F. Ives of £nil (2024: £429,525).

The company is a wholly owned subsidiary of Rainham Investment Holdings Limited (the ultimate parent undertaking), a company registered in England and Wales.

The ultimate controlling party is the W.J. Ives Children's Settlement by virtue of its holding of 100% of the ordinary share capital of the company's ultimate parent undertaking.