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 Securities 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.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

At 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.

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 at the year end. Any surplus or deficit on revaluation is recognised in the profit and loss account.

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

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.

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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 average monthly number of persons (including directors) employed by the company during the year was 3 (2024 - 3).

Freehold investment properties were revalued by Kemsley LLP, Chartered Surveyors, to their open market value. Kemsley LLP are external to the company. The directors consider this value to be approximate to market value.

The historic cost of the Investment Properties at the year end was £11,701,322 (2024: £11,801,301).

During the year, the freehold property and related assets were transferred from the subsidiary company, Milehams Storage Limited, at their respective book values.

Details of the company's subsidiaries at 31 March 2025 are as follows:

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

During the year ended 31 March 2004 the company repurchased ordinary shares with a nominal value of £10 at a total cost of £160,800. The shares were purchased from K.J. Butcher, a former director, and were cancelled on the date of repurchase, creating the capital redemption reserve.

The company has elected to take advantage of the exemption from the requirements of FRS 102 to disclose transactions with any wholly owned subsidiaries.

During the year a management charge of £155,912 (2024: £135,555) was paid to Rainham Steel Investments Limited, a company under common management and control. Included in other creditors at the year end is an amount of £67,248 (2024: £52,584) due to Rainham Steel Investments Limited.

During the year purchases of £38,766 (2024: £30,575) were made from Glademore Limited, a company under common management and control.

At the year end, £988,222 (2024: £3,326,750) was owed to R. J. Carr, who is director of the company. The loan is repayable on demand. Interest on the loan is charged at 4.5% above the Bank of England Base Rate. Interest payable for the year on this loan was £182,901 (2024: £340,756).

The immediate and ultimate parent company is Rainham Securities Holdings Limited, registered in England and Wales and does not prepare group accounts.

The controlling party is R. J. Carr by virtue of his control of voting rights of the company's ultimate parent undertaking.