Registration number: 12257037

R&D Ventures Ltd

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 5

R&D Ventures Ltd

(Registration number: 12257037)
Balance Sheet as at 31 July 2025

	Note	2025 £	2024 £
Fixed assets
Investment property	4	757,860	522,000
Current assets
Stocks		22,345	-
Debtors	5	3,992	2,120
Cash at bank and in hand		10,865	45,724
		37,202	47,844
Creditors: Amounts falling due within one year	6	(383,738)	(156,921)
Net current liabilities		(346,536)	(109,077)
Total assets less current liabilities		411,324	412,923
Creditors: Amounts falling due after more than one year	6	(333,803)	(297,100)
Provisions for liabilities		(4,766)	-
Net assets		72,755	115,823
Capital and reserves
Called up share capital		2	2
Retained earnings		72,753	115,821
Shareholders' funds		72,755	115,823

For the financial year ending 31 July 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 provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

R&D Ventures Ltd

(Registration number: 12257037)
Balance Sheet as at 31 July 2025

Approved and authorised by the Board on 9 April 2026 and signed on its behalf by:
 

......................................... Dr R A Screen Director

......................................... Mr D Cheetham Director

R&D Ventures Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 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:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
United Kingdom

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.

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 sales/value
added tax, returns, rebates and discounts.

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.

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 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 in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 reporting date and that are expected to apply to the reversal of the timing difference.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers or the expert opinion of the director. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

R&D Ventures Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4	Investment properties

	2025 £
At 1 August	522,000
Additions	258,095
Fair value adjustments	(22,235)
At 31 July	757,860

R&D Ventures Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

5

Debtors

Current	2025 £	2024 £
Trade debtors	1,056	1,255
Prepayments	971	-
Other debtors	1,965	865
	3,992	2,120

6

Creditors

Creditors: amounts falling due within one year

		2025 £	2024 £
Due within one year
Loans and borrowings		310,000	110,000
Other creditors		73,738	46,921
		383,738	156,921

Creditors: amounts falling due after more than one year

		2025 £	2024 £
Due after one year
Loans and borrowings		333,803	297,100

Lending facilities included in Loans and borrowings are secured by the way of a charge over the fixed assets of the company and are guaranteed by the assets in which they relate.

7	Related party transactions

R&D Ventures Ltd is related to Yourstays Management Ltd due to D Cheetham and R Screen having direct or indirect control over both companies.

The intercompany loan of £52,415 (2024: £38,750) is unsecured, repayable on demand and interest free.

R&D Ventures Ltd is related to Homely House (Management) Ltd due to R Screen having direct or indirect control over both companies.

The intercompany loan of £9,375 (2024: £0) is unsecured, repayable on demand and interest free.