Company registration number 03946834 (England and Wales)
REALITY FINANCE SOLUTIONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
PAGES FOR FILING WITH REGISTRAR
REALITY FINANCE SOLUTIONS LIMITED
COMPANY INFORMATION
Directors
Mr J J Cashmore
Miss A M Plaskett
(Appointed 3 September 2024)
Company number
03946834
Registered office
Cheyenne House
West Street
Farnham
Surrey
United Kingdom
GU9 7EQ
REALITY FINANCE SOLUTIONS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
REALITY FINANCE SOLUTIONS LIMITED
BALANCE SHEET
AS AT 31 AUGUST 2025
31 August 2025
- 1 -
2025
2024
as restated
Notes
£
£
£
£
Fixed assets
Intangible assets
3
17,376
22,115
Tangible assets
4
12,976
17,380
30,352
39,495
Current assets
Debtors
5
1,288,216
2,116,331
Cash at bank and in hand
27,903
113,916
1,316,119
2,230,247
Creditors: amounts falling due within one year
6
(1,175,529)
(1,582,617)
Net current assets
140,590
647,630
Total assets less current liabilities
170,942
687,125
Creditors: amounts falling due after more than one year
7
(46,611)
(461,303)
Net assets
124,331
225,822
Capital and reserves
Called up share capital
8
1,000
1,000
Profit and loss reserves
123,331
224,822
Total equity
124,331
225,822

For the financial year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

REALITY FINANCE SOLUTIONS LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2025
31 August 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 21 May 2026 and are signed on its behalf by:
Mr J J Cashmore
Director
Company registration number 03946834 (England and Wales)
REALITY FINANCE SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
- 3 -
1
Accounting policies
Company information

Reality Finance Solutions Limited is a private company limited by shares incorporated in England and Wales. The registered office is Cheyenne House, West Street, Farnham, Surrey, United Kingdom, GU9 7EQ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents commission invoiced during the year, secondary income and equipment leasing income, exclusive of value added tax. Turnover is recognised upon activation of the lease which occurs when commission is first received.

Equipment leasing income is recognised on a systematic and rational basis and is calculated as a constant periodic return on the lessor's net investment.

1.3
Intangible fixed assets other than goodwill

Intangible assets are stated in the balance sheet at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Software costs
25% straight line
Website
20% straight line
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Short leasehold
over the lease term
Fixtures and fittings
15% on reducing balance
Office and computer equipment
33% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

REALITY FINANCE SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

REALITY FINANCE SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 5 -
1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

Amounts due from lessees under finance leases are recognised as receivables at the amount of the company’s net investment in the leases. Finance lease income is allocated to accounting periods so as to reflect a constant periodic rate of return on the company’s net investment outstanding in respect of leases.

REALITY FINANCE SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 6 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
12
14
3
Intangible fixed assets
Software costs
Website
Total
£
£
£
Cost
At 1 September 2024 and 31 August 2025
14,955
23,695
38,650
Amortisation and impairment
At 1 September 2024
14,955
1,580
16,535
Amortisation charged for the year
-
0
4,739
4,739
At 31 August 2025
14,955
6,319
21,274
Carrying amount
At 31 August 2025
-
0
17,376
17,376
At 31 August 2024
-
0
22,115
22,115
4
Tangible fixed assets
Short leasehold
Fixtures and fittings
Office and computer equipment
Total
£
£
£
£
Cost
At 1 September 2024
2,376
85,392
45,206
132,974
Disposals
-
0
(1,484)
(4,900)
(6,384)
At 31 August 2025
2,376
83,908
40,306
126,590
Depreciation and impairment
At 1 September 2024
2,376
75,182
38,036
115,594
Depreciation charged in the year
-
0
1,531
2,366
3,897
Eliminated in respect of disposals
-
0
(1,400)
(4,477)
(5,877)
At 31 August 2025
2,376
75,313
35,925
113,614
Carrying amount
At 31 August 2025
-
0
8,595
4,381
12,976
At 31 August 2024
-
0
10,210
7,170
17,380
REALITY FINANCE SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 7 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
51,127
71,495
Amounts owed by group undertakings
115,023
-
0
Other debtors
530,519
1,022,842
696,669
1,094,337
Deferred tax asset
254,661
97,255
951,330
1,191,592
2025
2024
Amounts falling due after more than one year:
£
£
Other debtors
336,886
924,739
Total debtors
1,288,216
2,116,331

Assets totalling £nil (2024: £873,871) were purchased during the year for the purpose of letting under finance leases. The net investment in finance leases outstanding at 31 August 2025 is £796,429 (2024: £1,821,701).

Details of non-current trade and other debtors

£336,886 (2024: £924,739) of amounts receivable in respect of finance leases is classified as non-current.

6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
40,000
48,000
Trade creditors
37,164
15,037
Taxation and social security
605,895
546,541
Other creditors
492,470
973,039
1,175,529
1,582,617
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
-
0
40,000
Other creditors
46,611
421,303
46,611
461,303
REALITY FINANCE SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
7
Creditors: amounts falling due after more than one year
(Continued)
- 8 -

Bank loans totalling £40,000 (2024: £88,000) are secured by a fixed and floating charge over all the property and undertakings of the company.

Other loans totalling £422,983 (2024: £1,272,151) are secured by a fixed and floating charge over the assets of the company and by personal guarantees from Mr J J Cashmore and Mr J M Leslie.

8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1,000
1,000
1,000
1,000
9
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
96,776
64,961
10
Parent company

The immediate and ultimate parent company is RFS Holdings Ltd, a company incorporated in England and Wales. Its registered office is 3 Langham Park, Catteshall Lane, Godalming, Surrey, United Kingdom, GU7 1NG.

11
Prior period adjustment

The previous financial statements to the year ended 31 August 2024 have been restated. This is due an adjustment to deferred tax to more accurately reflect the position at 31 August 2024. This has resulted in Debtors decreasing by £455,117 and Tax on profit increasing by £455,117

Overall the loss for the year ended 31 August 2024 has increased from £49,090 to £504,207, an adjustment of £455,117.

2025-08-31 2024-09-01 false false false 21 May 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr J M Leslie Mr J J Cashmore Miss A M Plaskett 03946834 2024-09-01 2025-08-31 03946834 bus:Director2 2024-09-01 2025-08-31 03946834 bus:Director3 2024-09-01 2025-08-31 03946834 bus:Director1 2024-09-01 2025-08-31 03946834 bus:RegisteredOffice 2024-09-01 2025-08-31 03946834 2025-08-31 03946834 2024-08-31 03946834 core:ComputerSoftware 2025-08-31 03946834 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-08-31 03946834 core:ComputerSoftware 2024-08-31 03946834 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-08-31 03946834 core:LandBuildings 2025-08-31 03946834 core:FurnitureFittings 2025-08-31 03946834 core:ComputerEquipment 2025-08-31 03946834 core:LandBuildings 2024-08-31 03946834 core:FurnitureFittings 2024-08-31 03946834 core:ComputerEquipment 2024-08-31 03946834 core:CurrentFinancialInstruments core:WithinOneYear 2025-08-31 03946834 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 03946834 core:WithinOneYear 2025-08-31 03946834 core:WithinOneYear 2024-08-31 03946834 core:AfterOneYear 2025-08-31 03946834 core:AfterOneYear 2024-08-31 03946834 core:CurrentFinancialInstruments 2025-08-31 03946834 core:CurrentFinancialInstruments 2024-08-31 03946834 core:Non-currentFinancialInstruments 2025-08-31 03946834 core:Non-currentFinancialInstruments 2024-08-31 03946834 core:ShareCapital 2025-08-31 03946834 core:ShareCapital 2024-08-31 03946834 core:RetainedEarningsAccumulatedLosses 2025-08-31 03946834 core:RetainedEarningsAccumulatedLosses 2024-08-31 03946834 core:ShareCapitalOrdinaryShareClass1 2025-08-31 03946834 core:ShareCapitalOrdinaryShareClass1 2024-08-31 03946834 core:IntangibleAssetsOtherThanGoodwill 2024-09-01 2025-08-31 03946834 core:ComputerSoftware 2024-09-01 2025-08-31 03946834 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-09-01 2025-08-31 03946834 core:LandBuildings core:LongLeaseholdAssets 2024-09-01 2025-08-31 03946834 core:FurnitureFittings 2024-09-01 2025-08-31 03946834 core:ComputerEquipment 2024-09-01 2025-08-31 03946834 2023-09-01 2024-08-31 03946834 core:ComputerSoftware 2024-08-31 03946834 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-08-31 03946834 2024-08-31 03946834 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-08-31 03946834 core:FurnitureFittings 2024-08-31 03946834 core:ComputerEquipment 2024-08-31 03946834 core:LandBuildings core:LeasedAssetsHeldAsLessee 2025-08-31 03946834 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-09-01 2025-08-31 03946834 core:Non-currentFinancialInstruments core:AfterOneYear 2025-08-31 03946834 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 03946834 bus:OrdinaryShareClass1 2024-09-01 2025-08-31 03946834 bus:OrdinaryShareClass1 2025-08-31 03946834 bus:OrdinaryShareClass1 2024-08-31 03946834 bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 03946834 bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 03946834 bus:FRS102 2024-09-01 2025-08-31 03946834 bus:AuditExemptWithAccountantsReport 2024-09-01 2025-08-31 03946834 bus:FullAccounts 2024-09-01 2025-08-31 xbrli:pure xbrli:shares iso4217:GBP