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Registration number: 13334352

RGRP Lettings Ltd
Unaudited Filleted Financial Statements
for the Year Ended 30 April 2025

RGRP Lettings Ltd

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 7

RGRP Lettings Ltd

Company Information

Director | Ruben Gustavo Rodriguez Parga

Registered office | International House 61 Mosley Street Manchester M2 3HZ

Accountants | Gordon Levy Limited Chartered Accountants Suite 5, 4th Floor 3 Universal Square Devonshire Street North Manchester, M12 6JH

RGRP Lettings Ltd

(Registration number: 13334352)
Balance Sheet as at 30 April 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property | 4 | 437,081 | 154,401
Current assets |  |  |
Debtors | 5 | 6,612 | 1,446
Cash at bank and in hand |  | 8,014 | 122,426
|  | 14,626 | 123,872
Creditors: Amounts falling due within one year | 6 | (185,183) | (168,730)
Net current liabilities |  | (170,557) | (44,858)
Total assets less current liabilities |  | 266,524 | 109,543
Creditors: Amounts falling due after more than one year | 6 | (264,490) | (112,534)
Net assets/(liabilities) |  | 2,034 | (2,991)
Capital and reserves |  |  |
Called up share capital | 7 | 1 | 1
Retained earnings |  | 2,033 | (2,992)
Shareholders' funds/(deficit) |  | 2,034 | (2,991)

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 January 2026

......................................... Ruben Gustavo Rodriguez Parga Director

RGRP Lettings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 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:
International House
61 Mosley Street
Manchester
M2 3HZ

These financial statements were authorised for issue by the director on 20 January 2026.

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable as rental income from the investment properties held in the ordinary course of the company’s activities.
The company recognises revenue when:
The amount of revenue can be reliably measured;
and it is probable that future economic benefits will flow to the entity.

Tax

The tax expense for the period comprises current 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 income 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.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate assessed annually by the director. Where independent valuer is used, that information is disclosed in the relevant note. Fair value is determined using observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific property. Changes in fair value are recognised in the income statement.

RGRP Lettings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are rental amounts due from the tenants of the investment properties held in the ordinary course of the company's business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2024 - 0).

RGRP Lettings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

4 | Investment property

| 2025 £
At 1 May | 154,401
Additions | 277,081
Fair value adjustments | 5,599
At 30 April | 437,081

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

5 | Debtors

Current | 2025 £ | 2024 £
Prepayments | 3,562 | 646
Other debtors | 3,050 | 800
| 6,612 | 1,446

RGRP Lettings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 48 | -
Taxation and social security | 417 | -
Accruals and deferred income | 3,210 | 1,622
Other creditors | 181,508 | 167,108
| 185,183 | 168,730

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings |  | 264,490 | 112,534

| 2025 £ | 2024 £
Due after more than five years |  |
After more than five years not by instalments | 264,490 | 112,534

| - | -

Creditors include bank loans not repayable by instalments of £264,490.00 (2024 - £112,534.00) due after more than five years.

These loans represent interest-only mortgages, which are secured by the underlying properties held as investment property by the company.

RGRP Lettings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary share of £1 each | 1 | 1 | 1 | 1

8 | Related party transactions

Loans from related parties

2025 | Key management £ | Total £
At start of period | 166,308 | 166,308
Advanced | 12,150 | 12,150
At end of period | 178,458 | 178,458

2024 | Key management £ | Total £
At start of period | 47,253 | 47,253
Advanced | 119,055 | 119,055
At end of period | 166,308 | 166,308

Terms of loans from related parties

Loans from key management are unsecured, interest free and repayable on demand.