REGISTERED NUMBER: 10271815 (England and Wales)

RESOURCE R1 LIMITED

Unaudited Financial Statements

FOR THE PERIOD

1 December 2024 to 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTOR:

C Bryan

SECRETARY:

P G Hannah

REGISTERED OFFICE:

C/o Resource Limited

The Maltings

East Tyndall Street

CARDIFF

County of Cardiff

CF24 5EA

REGISTERED NUMBER:

10271815 (England and Wales)

ACCOUNTANTS:

MHA (trading name of MHA Advisory Ltd)

Elfed House

Oak Tree Court

Cardiff Gate Business Park

CARDIFF

County of Cardiff

CF23 8RS

FIXED ASSETS

Tangible assets

4

4,652

6,856

Investment property

5

700,000

700,000

704,652

706,856

CURRENT ASSETS

Debtors

6

564,754

486,341

Cash at bank

174

487

564,928

486,828

CREDITORS

Amounts falling due within one year

7

(2,295,144

)

(2,235,315

)

NET CURRENT LIABILITIES

(1,730,216

)

(1,748,487

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,025,564

)

(1,041,631

)

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

(1,025,565

)

(1,041,632

)

SHAREHOLDERS' FUNDS

(1,025,564

)

(1,041,631

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 December 2025 and were signed by:

C Bryan - Director

1.	STATUTORY INFORMATION

Resource R1 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 company's functional presentational currency in the financial statements is the Sterling (£), rounded to the nearest pound.

The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied unless otherwise stated.

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.

There have been no material departures from Financial Reporting Standard 102 1A.

GOING CONCERN

As at 31 March 2025 there were net liabilities of £1,025,564 and net current liabilities of £1,730.216. The director considers the going concern basis adopted for these financial statement to be appropriate, based upon available continued support.

REPORTING PERIOD

The accounting reference date was shortened from 30 November 2025 to 31 March 2025 for commercial reasons. The period under review covers 4 months and as a result is not entirely comparable with the year ended 30 November 2024.

Turnover

The turnover shown in the profit and loss account represents rental income receivable during the year, exclusive of value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and Fittings

-

10 - 33% on cost

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

Taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantively enacted at the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Investment property

Investment properties are carried at fair value. Revaluation surpluses and deficits are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold, or the deferred tax liability is settled.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Fittings

£

COST

At 1 December 2024

and 31 March 2025

20,040

DEPRECIATION

At 1 December 2024

13,184

Charge for period

2,204

At 31 March 2025

15,388

NET BOOK VALUE

At 31 March 2025

4,652

At 30 November 2024

6,856

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2024

and 31 March 2025

700,000

NET BOOK VALUE

At 31 March 2025

700,000

At 30 November 2024

700,000

The investment property was valued on a fair value basis at 31 March 2025 by the directors. In valuing the property the directors have considered future anticipated rental yields

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

554,592

476,259

Unpaid share capital

1

1

Prepayments and accrued income

10,161

10,081

564,754

486,341

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

2,294,072

2,234,543

Accruals and deferred income

1,072

772

2,295,144

2,235,315

8.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

£1

1

1

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Resource R1 Limited for the period ended 31 March 2025 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Resource R1 Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Resource R1 Limited and state those matters that we have agreed to state to the director of Resource R1 Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Resource R1 Limited and its director for our work or for this report.

It is your duty to ensure that Resource R1 Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Resource R1 Limited. You consider that Resource R1 Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Resource R1 Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

MHA (trading name of MHA Advisory Ltd)

Elfed House

Oak Tree Court

Cardiff Gate Business Park

CARDIFF

County of Cardiff

CF23 8RS

24 December 2025