REC Holdings Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09811239

REC Holdings Limited

Filleted Unaudited Financial Statements

30 September 2025

REC Holdings Limited

Balance Sheet

30 September 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		360,193	326,804

Current assets

Stocks		–	72,000
Debtors	6	353,305	241,048
Cash at bank and in hand		111,484	133,021
		---------	---------
		464,789	446,069

Creditors: amounts falling due within one year	7	177,260		151,480
		---------		---------
Net current assets			287,529	294,589
			---------	---------
Total assets less current liabilities			647,722	621,393

Creditors: amounts falling due after more than one year	8		227,802	214,235

Provisions

Taxation including deferred tax	19,492	18,138
	---------	---------
Net assets	400,428	389,020
	---------	---------

Capital and reserves

Called up share capital	102	102
Profit and loss account	400,326	388,918
	---------	---------
Shareholders funds	400,428	389,020
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income (including profit and loss account) has not been delivered.

For the year ending 30 September 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 financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

REC Holdings Limited

Balance Sheet (continued)

30 September 2025

These financial statements were approved by the board of directors and authorised for issue on 17 June 2026 , and are signed on behalf of the board by:

Mr R Colin
Director

Company registration number: 09811239

REC Holdings Limited

Notes to the Financial Statements

Year ended 30 September 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Woodland Rise, Poynton, Stockport, Cheshire, SK12 1AH.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are no material judgements or estimates

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures & fittings	-	20% straight line
Motor vehicles	-	25% straight line
Office equipment	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Assets held under finance leases and hire purchase contracts as lessor are recognised in the balance sheet as receivables at the value of the net investment in the lease. Any initial direct costs are included in the receivable. Lease income is recognised so as to reflect a constant periodic rate of return on the net investment in the lease.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible assets

	Land and buildings	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 October 2024	255,747	2,873	182,860	7,796	449,276
Additions	–	–	78,500	1,985	80,485
Disposals	–	–	( 73,045)	–	( 73,045)
	---------	-------	---------	-------	---------
At 30 September 2025	255,747	2,873	188,315	9,781	456,716
	---------	-------	---------	-------	---------
Depreciation
At 1 October 2024	–	2,873	113,700	5,899	122,472
Charge for the year	–	–	16,165	2,031	18,196
Disposals	–	–	( 44,145)	–	( 44,145)
	---------	-------	---------	-------	---------
At 30 September 2025	–	2,873	85,720	7,930	96,523
	---------	-------	---------	-------	---------
Carrying amount
At 30 September 2025	255,747	–	102,595	1,851	360,193
	---------	-------	---------	-------	---------
At 30 September 2024	255,747	–	69,160	1,897	326,804
	---------	-------	---------	-------	---------

6. Debtors

	2025	2024
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	208,245	30,264
Other debtors	145,060	210,784
	---------	---------
	353,305	241,048
	---------	---------

Included within amounts owed by related parties is £204,744 that the directors do not expect to be repaid before 30 September 2026. Also included within debtors is a Hire Purchase agreement, as lessor, of which £116,740 will not be repaid before 30 September 2026.

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	15,078	15,078
Amounts owed to group undertakings and undertakings in which the company has a participating interest	9,290	9,709
Corporation tax	34,277	50,113
Other creditors	118,615	76,580
	---------	---------
	177,260	151,480
	---------	---------

In previous years a bank loan was advanced, which is repayable in instalments over 10 years at 2.5% interest rate. As at 30 September 2025 £29,400 (2024 £35,992) was outstanding, of which £5,200 will be repaid before 30 September 2026. In the previous year, a bank loan of £50,000 was advanced, which is payable in instalments over 5 years at 8% interest rate. As at 30 September 2025, £37,608 (2024 £45,061l) was outstanding, of which £9,878 will be repaid before 30 September 2026.

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	27,730	35,184
Other creditors	200,072	179,051
	---------	---------
	227,802	214,235
	---------	---------

9. Director's advances, credits and guarantees

During the year, further amounts were advanced by the director, increasing his loan to the company. As at 30 September 2025 £101,709 (2024 £36,375) was owed to the director and will be repaid before 30 September 2026.

10. Related party transactions

During the year £420 was repaid in respect of the loan from REC Advisory Ltd, a company under common control. As at 30 September 2025 £9,290 (2024 £9,710) was outstanding in respect of this loan and will be repaid before 30 September 2026. Also during the year, further amounts were advanced to Projuvenate Ltd, a company under common control. As at 30 September 2025, £204,744 (2024 £26,764) was outstanding in respect of this loan and the directors do not expect to receive repayment before 30 September 2026. Also in the previous year a loan was advanced to ESG Energy Group Ltd , a company under common control. As at 30 September 2025, £3,500 (2024 £3,500) was outstanding in respect of this loan and the directors do not expect to receive repayment before 30 September 2026.

11. Reserves

The only movements in equity during the year were the profit for the year. All of the profit and loss account represents distributable reserves..