REGISTERED NUMBER: 01808154 (England and Wales)

RATENEED LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

A P Shah

N C Shah

D P Shah

SECRETARY:

A P Shah

REGISTERED OFFICE:

5 Imperial Court

Laporte Way

Luton

Bedfordshire

LU4 8FE

REGISTERED NUMBER:

01808154 (England and Wales)

ACCOUNTANTS:

Miller & Co

Chartered Accountants

5 Imperial Court

Laporte Way

Luton

Bedfordshire

LU4 8FE

FIXED ASSETS

Tangible assets

5

496,246

479,562

Investment property

6

9,510,000

9,230,000

10,006,246

9,709,562

CURRENT ASSETS

Stocks

215,694

192,465

Debtors

7

4,281,063

3,976,193

Cash at bank and in hand

1,629,024

1,869,961

6,125,781

6,038,619

CREDITORS

Amounts falling due within one year

8

5,296,566

5,343,058

NET CURRENT ASSETS

829,215

695,561

TOTAL ASSETS LESS CURRENT LIABILITIES

10,835,461

10,405,123

PROVISIONS FOR LIABILITIES

9

792,670

787,133

NET ASSETS

10,042,791

9,617,990

CAPITAL AND RESERVES

Called up, paid and allotted share capital

98

98

Non-distributable reserve

2,467,736

2,471,760

Retained earnings

7,574,957

7,146,132

SHAREHOLDERS' FUNDS

10,042,791

9,617,990

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 15 December 2025 and were signed on its behalf by:

A P Shah - Director

1.	STATUTORY INFORMATION

Rateneed 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, rounded to the nearest pound.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Income recognition

Income is recognised when goods/services have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets

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

Short leasehold

-

10% on cost

Long leasehold

-

2% on cost

Fixtures and fittings

-

25% on reducing balance and 15% on reducing balance

Motor vehicles

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

The methods and significant assumptions used to ascertain the fair value of £9,510,000 are as follows:

When determining the fair value of the commercial property, a fair rate of return was assessed by taking into account the sector and location of the property. When determining the fair value of the residential properties, fair value was assessed by comparison with market values of similar properties in the local area.

The significant assumption underlying the valuation is that the fair rate of return applied and market values are not impacted by uncertain future economic events.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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.

Payments in respect of other post-retirement benefits are charged to profit or loss in the period to which they relate.

Non distributable reserve

Where investment properties are measured at fair value a transfer is made to the non-distributable reserve, from retained earnings, to assist with the identification of profits available for distribution.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2024 - 24 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Long

and

Motor

leasehold

leasehold

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2024

46,780

541,462

178,647

43,054

809,943

Additions

-

-

40,940

-

40,940

At 31 March 2025

46,780

541,462

219,587

43,054

850,883

DEPRECIATION

At 1 April 2024

46,780

110,074

139,579

33,948

330,381

Charge for year

-

10,829

11,150

2,277

24,256

At 31 March 2025

46,780

120,903

150,729

36,225

354,637

NET BOOK VALUE

At 31 March 2025

-

420,559

68,858

6,829

496,246

At 31 March 2024

-

431,388

39,068

9,106

479,562

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

9,230,000

Additions

285,365

Revaluations

(5,365

)

At 31 March 2025

9,510,000

NET BOOK VALUE

At 31 March 2025

9,510,000

At 31 March 2024

9,230,000

Investment property comprises:

Description

£

Garratt Lane commercial unit

4,200,000

Flat 34 Jubilee Court

265,000

Flat 39 Jubilee Court

285,000

Flat 17 Warwick Gardens

230,000

Flats 1-8 Cranbrook Road

4,250,000

Flat 29 Jubilee Court

280,000

9,510,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2016

1,950,028

Valuation in 2024

1,296,823

Valuation in 2025

(5,365

)

Cost

6,268,514

9,510,000

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

6,268,514

5,983,149

Investment property was valued on an open market basis on 31 March 2025 by the directors .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

4,281,063

3,976,193

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

409,827

456,787

Taxation and social security

350,301

331,139

Other creditors

4,536,438

4,555,132

5,296,566

5,343,058

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

792,670

787,133

Deferred

tax

£

Balance at 1 April 2024

787,133

Provided during year

5,537

Balance at 31 March 2025

792,670

10.	RELATED PARTY DISCLOSURES

The company is controlled by the Shah Family, members of which are A P Shah, N C Shah and D P Shah who are also directors of the company.

The company operates a loan account with the Shah Family. During the year, in aggregate there were additional loans of £4,924 made to the company. The balance at 31 March 2025 owed by the company to the Shah family was £4,453,066.

There is a loan balance at 31 March 2025 of £146,851 owed by the company to Bhavins Food Limited a company also owned by the Shah Family. This was unsecured, interest free and repayable on demand.

There is a loan balance at 31 March 2025 of £3,578,738 owed to the company by Rateneed Developments Limited a company owned by one member of the Shah Family. This was unsecured and repayable on demand.

There is a loan balance at 31 March 2025 of £650,000 owed to the company by Four Quarters (Ingestre Road) Limited a company owned by one member of the Shah Family. This was unsecured and repayable on demand.