ACCOUNTS - Final Accounts preparation

Registered number: 12807957

R2 Property Services Ltd

Financial statements

Information for filing with the registrar

31 August 2025


R2 Property Services Ltd

Balance sheet

At 31 August 2025

		2025		2024
Note		£		£

Fixed assets
Investment property	4		1,327,152		895,138
			1,327,152		895,138
Current assets
Debtors: amounts falling due within one year	5	300		-
Cash at bank and in hand		1,305,621		5,719
		1,305,921		5,719
Creditors: amounts falling due within one year	6	(2,502,768)		(836,678)
Net current liabilities			(1,196,847)		(830,959)
Total assets less current liabilities			130,305		64,179

Net assets			130,305		64,179

Capital and reserves
Called up share capital	10	10
Profit and loss account	130,295	64,169
Shareholders' funds	130,305	64,179


R2 Property Services Ltd

Balance sheet (continued)

At 31 August 2025

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 May 2026.

R D Best

Director

Company registered number: 12807957
The notes on pages 3 to 4 form part of these financial statements.


R2 Property Services Ltd

Notes to the financial statements

Year ended 31 August 2025

1.	General information

R2 Property Services Ltd ('the company') is a private company limited by shares, incorporated and domiciled in the United Kingdom and registered in England. the address of the registered office is 3 Whickham Lodge, Whickham, Newcastle upon Tyne, Tyne and Wear, United Kingdom, NE16 4HH.

2.Accounting policies

2.1

Statement of compliance

The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' (FRS 102) and the Companies Act 2006.

2.2

Turnover

Rent received is recognised on a straight-line basis over the terms of the individual leases.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.5

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Employees

The average monthly number of employees, including directors, during the year was 3 (2024: 2).


R2 Property Services Ltd

Notes to the financial statements

Year ended 31 August 2025

4.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 September 2024	895,138
	Additions at cost	432,014
	At 31 August 2025	1,327,152

The 2025 valuations were made by the directors, on an open market value for existing use basis.

Debtors

					2025	2024
					£	£


Prepayments and accrued income	300	-
	300	-

6.	Creditors: amounts falling due within one year
		2025	2024
		£	£

Corporation tax	17,445	4,509
Other taxation and social security	1,600	-
Other creditors	2,482,763	831,209
Accruals and deferred income	960	960
	2,502,768	836,678

7.	Related party transactions
	During the year, the company operated a loan account with a director. The balance owed by the company at the year end was £2,482,209 (2024 : £306,209). The loan is unsecured, interest free and repayable on demand.