Ranworth Investments - Accounts to registrar (filleted)

REGISTERED NUMBER: 07950903 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2024 TO 30 SEPTEMBER 2025

FOR

RANWORTH INVESTMENTS

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M R Ferrey

C E Ferrey

J H Andrew

G Crick

REGISTERED OFFICE:

2nd Floor

Medway Bridge House

1 - 8 Fairmeadow

Maidstone

Kent

ME14 1JP

REGISTERED NUMBER:

07950903 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

2nd Floor

Medway Bridge House

1-8 Fairmeadow

Maidstone

Kent

ME14 1JP

FIXED ASSETS

Investments

4

5,371,181

15,089,011

CURRENT ASSETS

Debtors

5

34

1,578,666

Investments

6

7,923,584

6,477,353

Cash at bank

340,552

10,577

8,264,170

8,066,596

CREDITORS

Amounts falling due within one year

7

11,514,049

17,673,715

NET CURRENT LIABILITIES

(3,249,879

)

(9,607,119

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,121,302

5,481,892

PROVISIONS FOR LIABILITIES

-

1,021,694

NET ASSETS

2,121,302

4,460,198

CAPITAL AND RESERVES

Called up share capital

231,000

Retained earnings

1,890,302

4,229,198

SHAREHOLDERS' FUNDS

2,121,302

4,460,198

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2026 and were signed on its behalf by:

M R Ferrey - Director

1.	STATUTORY INFORMATION

The principal activity of the company during the year was the holding of investments.

The company is a private unlimited company which is incorporated and registered in England and Wales (07950903). The address of the registered office is:

2nd Floor

Medway Bridge House

1 - 8 Fairmeadow

Maidstone

Kent

ME14 1JP

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Going concern

Accounting standards require the directors to consider the appropriateness of the going concern basis when preparing the financial statements. The directors confirm that they consider that the going concern basis remains appropriate. The directors believe that the company has sufficient resources to continue in operational existence for the foreseeable future. The directors believe this to be the case as the company has positive cash reserves and no significant long term liabilities.

Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Related party transactions

The company has taken advantage of the exemption available under paragraph 33.1A of FRS 102 from disclosure of transactions with its subsidiary on the grounds that the company is a wholly owned subsidiary.

Key judgements and sources of estimation uncertainty

The company makes judgements, estimates and assumptions that affect the application of policies and the carrying values of assets and liabilities, income and expenses. The resulting accounting estimates calculated using these judgements will, by definition, seldom equal the related actual results but are based on the experience of the directors and the expectations of future events. The estimates are reviewed on an on-going basis. Revisions to accounting estimates are recognised in the period in which the estimate is reviewed.

The directors consider there are no significant key judgements or sources of estimation.

Turnover

Turnover comprises the value of dividends receivable by the company. Dividends receivable by the company are recognised when the company has the right to receive them.

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.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Investments in non-derivative instruments that are equity to the issuer are measured:

- at fair value with changes recognised in the statement of comprehensive income if the shares are publicly traded or their fair value can otherwise be measured reliably;

- at cost less impairment for all other investments.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rates determined under the contract.

Current taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred taxation

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Foreign currency translation

The company's functional presentational currency is GBP.

Investments

Investments in listed investments are generally equity investments in publicly quoted equities. Unlisted investments include all other investments. Investments in listed and unlisted investments are initially recorded at fair value with changes in fair value recorded in the profit and loss. The listed investments are traded on active markets and therefore the fair value is calculated based on the quoted price (the current bid price) for an identical asset.

Investments in subsidiary undertakings are valued at cost less impairment.

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.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2024 - 4 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

Cost or valuation

At 1 April 2024

3,500,000

11,589,011

15,089,011

Additions

-

2,895,040

Disposals

-

(10,100,123

)

(10,100,123

)

Revaluations

(3,500,000

)

(497,589

)

(3,997,589

)

Exchange differences

-

1,484,842

At 30 September 2025

-

5,371,181

Net book value

At 30 September 2025

-

5,371,181

At 31 March 2024

3,500,000

11,589,011

15,089,011

Cost or valuation at 30 September 2025 is represented by:

Shares in

group

Other

undertakings

investments

Totals

£

Valuation in 2024

(1,500,000

)

-

(1,500,000

)

Valuation in 2025

(3,500,000

)

510,859

(2,989,141

)

Cost

5,000,000

4,860,322

9,860,322

-

5,371,181

On 29 August 2025, the group completed a group reorganisation and the trade and assets of the company's subsidiary, Ranworth Capital Limited, were transferred to the company. The subsidiary subsequently completed a capital reduction and is now dormant so the investment value has been impaired to £nil.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Amounts owed by group undertakings

-

1,578,666

Other debtors

34

-

34

1,578,666

6.	CURRENT ASSET INVESTMENTS

2025

2024

£

Listed investments

7,880,056

6,457,766

Unlisted investments

43,528

19,587

7,923,584

6,477,353

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

9,005,061

10,477,870

Trade creditors

142

-

Other creditors

2,508,846

7,195,845

11,514,049

17,673,715

Royal Bank of Canada (Channel Islands) Limited has a fixed and floating charge over the assets of the company.

8.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed M R Ferrey £2,485,717 (2024: £7,158,049) and the amount is included within other creditors. The loan is interest free and repayable on demand.

The company has taken advantage of the exemption available under paragraph 33.1A of FRS 102 from disclosure of transactions with group companies within a 100% controlled group.