RIF Investments Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 13

RIF Investments Limited

Balance Sheet

31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	78,523	83,347
Investment property	5	1,628,581	1,628,581
Investments	6	200,002	200,002
Other financial assets	7	2,761,207	3,838,338
		4,668,313	5,750,268
Current assets
Debtors	8	6,783,148	5,064,267
Cash at bank and in hand		524,376	1,155,150
		7,307,524	6,219,417
Creditors: Amounts falling due within one year	9	(3,483,219)	(3,734,343)
Net current assets		3,824,305	2,485,074
Total assets less current liabilities		8,492,618	8,235,342
Provisions for liabilities		(91,727)	(50,432)
Net assets		8,400,891	8,184,910
Capital and reserves
Called up share capital	11	1	1
Profit and loss account		8,400,890	8,184,909
Shareholders' funds		8,400,891	8,184,910

RIF Investments Limited

Balance Sheet

31 March 2025

For the financial year ending 31 March 2025 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 year 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 23 December 2025 and signed on its behalf by:
 

......................................... Mr M J Ellis Director

Company Registration Number: 14184294

RIF Investments Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2025

1	General information

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

The address of its registered office is:
10-12 Alder Hills
Poole
England
BH12 4AL

These financial statements were authorised for issue by the Board on 23 December 2025.

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 - '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.

These financial statements are presented in Pound Sterling, rounded to the nearest whole pound.

Summary of disclosure exemptions

The company has taken advantage of the exemptions available under FRS102 Section 1A not to disclose transactions with related parties performed under normal market conditions. The company has taken advantage of the exemption in Financial Reporting Standard 102 chapter 33 "Related Party Disclosure" and has not disclosed transactions with wholly owned group undertakings or wholly owned indirectly by the ultimate controlling party.

Group accounts not prepared

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.

RIF Investments Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2025

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

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.

Rent receivable

Rental income from operating leases is credited to profit or loss on a straight line basis over the lease term.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

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 corporation 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.

Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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, other than land and properties under construction over their estimated useful lives, as follows:

RIF Investments Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2025

Asset class	Depreciation method and rate
Furniture, fittings and equipment	Straight line basis over 4 years
Motor vehicles	Reducing balance basis at a rate of 33%
Plant and machinery	Straight line basis over 10 years

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. It is subsequently carried at fair value, determined annually by the directors. Changes in fair value are recognised in profit or loss.

Fixed asset investments

Investments in subsidiary undertakings, joint ventures and associates are initially measured at cost and are subsequently measured at cost less any accumulated impairment loss. Interests in subsidiaries and joint ventures are assessed for impairment at each reporting date. Any impairments losses or reversals of impairment losses are recognised immediately in profit or loss.

Impairment of fixed assets

An assessment is made at each reporting date of whether there are indications that a fixed asset may be impaired or that an impairment loss previously recognised has fully or partially reversed. If such indications exist, the company estimates the recoverable amount of the asset. Shortfalls between the carrying value of fixed assets and their recoverable amounts, being the higher of fair value less costs to sell and value-in-use, are recognised as impairment losses in profit or loss. Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Reversals of impairment losses are recognised in profit or loss.

Other financial assets

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

RIF Investments Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2025

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances; and
• Other financial assets

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.


 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 1).

RIF Investments Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Plant and machinery £	Total £
Cost
At 1 April 2024	8,864	78,809	13,200	100,873
Additions	-	54,300	-	54,300
Disposals	-	(17,790)	(13,200)	(30,990)
At 31 March 2025	8,864	115,319	-	124,183
Depreciation
At 1 April 2024	2,753	12,793	1,980	17,526
Charge for the year	2,216	33,405	990	36,611
Eliminated on disposal	-	(5,507)	(2,970)	(8,477)
At 31 March 2025	4,969	40,691	-	45,660
Carrying amount
At 31 March 2025	3,895	74,628	-	78,523
At 31 March 2024	6,111	66,016	11,220	83,347

5	Investment properties

	2025 £
At 1 April	1,628,581
At 31 March	1,628,581

The properties were purchased in November 2022 and March 2023 and the directors' consider that there has been no impairment of the investment properties since purchase.

There has been no valuation of investment property by an independent valuer.

RIF Investments Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2025

6	Investments

	2025 £	2024 £
Investments in subsidiaries	2	2
Investments in joint ventures	200,000	200,000
	200,002	200,002