REGISTERED NUMBER: 02890218 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

RATEFIELD LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr M A Joyce

Mrs J L Loftus

REGISTERED OFFICE:

3 Park Square

Leeds

West Yorkshire

LS1 2NE

REGISTERED NUMBER:

02890218 (England and Wales)

ACCOUNTANTS:

Fortus Limited

3 Park Square East

Leeds

LS1 2NE

FIXED ASSETS

Investments

4

51

51

CURRENT ASSETS

Debtors

5

1,493,132

1,572,918

Cash at bank

12,642

10,476

1,505,774

1,583,394

CREDITORS

Amounts falling due within one year

6

1,088,048

1,150,241

NET CURRENT ASSETS

417,726

433,153

TOTAL ASSETS LESS CURRENT LIABILITIES

417,777

433,204

CAPITAL AND RESERVES

Called up share capital

4

4

Share premium

520,170

520,170

Retained earnings

(102,397

)

(86,970

)

SHAREHOLDERS' FUNDS

417,777

433,204

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2025 and were signed on its behalf by:

Mr M A Joyce - Director

1.	STATUTORY INFORMATION

Ratefield Limited 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

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents net invoiced sales of services provided, excluding value added tax.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Valuation of investments

Investments held as fixed assets are stated at cost less any provision for impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST OR VALUATION

At 1 November 2023

and 31 October 2024

51

NET BOOK VALUE

At 31 October 2024

51

At 31 October 2023

51

Cost or valuation at 31 October 2024 is represented by:

Shares in

group

undertakings

£

Cost

51

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by related undertakings

1,487,500

1,572,918

VAT

3,216

-

Prepayments

2,416

-

1,493,132

1,572,918

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Sundry creditors

206

448

Amounts owed to group undertakings

1,074,877

1,057,907

Corporation tax

-

26,363

Social security and other taxes

2,665

2,160

VAT

-

49,820

Accruals and deferred income

10,300

13,543

1,088,048

1,150,241

7.	RELATED PARTY DISCLOSURES

Related party transactions and balances

2024

2023

Amounts owed by Ratefield Limited to related undertakings

£

£

Precis (1638) Limited

1,073,334

1,057,907

York Two Limited

1,543

-

Total owed to related undertakings

1,074,877

1,057,907

Amounts owed to Ratefield Limited from related undertakings

JGWCO 178 Limited

1,476,500

1,572,918

The Low Hall Partnership LLP

11,000

-

Total owed by related undertakings

1,487,500

1,572,918

Interest received by Ratefield Limited from related undertakings

JGWCO 178 Limited

19,297

19,027

Total interest received from related undertakings

19,297

19,027

Interest paid by Ratefield Limited to related undertakings

Precis (1638) Limited

15,427

16,109

Total interest paid to related undertakings

15,427

16,109

Management charges received by Ratefield Limited from group and related undertakings

£

£

Student Facility Management Limited (Previously AQH Micklegate Facility

9,420

17,311

Management Limited)

JGWCO 178 Limited

159,286

147,981

During the year the company made a management charge of £nil (2023: £130,000) to The Low Hall Partnership LLP, a partnership of which M A Joyce is a member.

During the year the company received a charge of £nil (2023: £40,000) from the Low Hall Partnership LLP.