REGISTERED NUMBER: 13025079 (England and Wales)

RUMRAT RENOVATE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Abridged Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

6,860

12,439

Investments

5

194,195

-

Investment property

6

3,158,638

2,381,949

3,359,693

2,394,388

CURRENT ASSETS

Stocks

3,001,863

1,825,941

Debtors

7

2,867,142

2,812,377

Prepayments and accrued income

27,545

103,241

Cash at bank

150,088

82,609

6,046,638

4,824,168

CREDITORS

Amounts falling due within one year

324

23,994

NET CURRENT ASSETS

6,046,314

4,800,174

TOTAL ASSETS LESS CURRENT LIABILITIES

9,406,007

7,194,562

CREDITORS

Amounts falling due after more than one year

(9,073,486

)

(6,710,000

)

PROVISIONS FOR LIABILITIES

(1,715

)

(3,110

)

ACCRUALS AND DEFERRED INCOME

(3,675

)

(3,200

)

NET ASSETS

327,131

478,252

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

327,031

478,152

SHAREHOLDERS' FUNDS

327,131

478,252

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 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved and authorised for issue by the director and authorised for issue on 18 December 2025 and were signed by:

J P Ratcliffe - Director

1.	STATUTORY INFORMATION

Rumrat Renovate Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

13025079

Registered office:

3 Weekley Wood Close

Kettering

Northamptonshire

NN14 1UQ

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.

Preparation of consolidated financial statements

The financial statements contain information about Rumrat Renovate Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Tangible fixed assets

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

Plant and machinery

-

25% on cost

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Stocks

Stocks are valued at cost price and represent the purchase cost of properties to be developed and the following associated development costs to bring up to a standard for reselling.

Debtors and creditors

Debtors receivable / creditors payable within one year are measured at transaction price (less any impairment losses on debtors for bad and doubtful debts). Loans and other financial assets / liabilities are initially measured at transaction price and subsequently measured at amortised cost determined using the effective interest method (less any impairment losses on debtors) for bad and doubtful debts.

Any losses arising from impairment are recognised in the profit and loss account.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by 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 year 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

22,313

DEPRECIATION

At 1 April 2024

9,874

Charge for year

5,579

At 31 March 2025

15,453

NET BOOK VALUE

At 31 March 2025

6,860

At 31 March 2024

12,439

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

Additions

194,195

At 31 March 2025

194,195

NET BOOK VALUE

At 31 March 2025

194,195

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Grove (Charlton Adam) Ltd

Registered office: 3 Weekley Wood Close, Kettering,NN14 1UQ

Nature of business: Property Development

%

Class of shares:

holding

Ordinary

100.00

2025

2024

£

£

Aggregate capital and reserves

(203,973

)

(104,333

)

6.	INVESTMENT PROPERTY

The investment property was valued on a fair value basis on 31st March 2025 by the director of the company.

7.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other debtors

-

2,000,000

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

1

100

100

9.	RELATED PARTY DISCLOSURES

The director and his wife had formally loaned the company £8,135,000 during 2022, this balance now stands at £6,073,486 (2024 £6,710,000), this was used to fund the purchase of the Investment properties and provide loans to third parties.

At 31 March 2025 balances of £3,036,743 (2024 £3,355,000) were due to the director of the company and £3,036,743 (2024 £3,355,000) to his wife, which is included within other creditors. No Interest was charged on this balance in this or the previous period.

Within other creditors due after 1 year is a loan of £3,000,000 to Rumrat LLC, a company in which the director has a 100% shareholding. This was used to fund the investment purchase. No Interest was charged on this balance.

There are no fixed repayment terms in place for this loan with the proposed settlement due on the eventual sale of the investment properties.

Within other debtors is a loan of £2,842,593 to Grove (Charlton Adam) Limited, a company in which there is an investment of 100% of the shareholding. This was used to fund the property development within this subsidiary company. No Interest was charged on this balance.

In the previous year under other debtors there was a loan of £2,000,000 to Gracecliffe Developments Limited, a company in which the director has a 50% shareholding. Interest was being charged at 4.20% on this balance, this has now been settled in full.