REGISTERED NUMBER: 15168388 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

RURAL ASSET FINANCE 3 LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M D Smart

REGISTERED OFFICE:

Unit 1, Cambridge House

Camboro Business Park

Oakington Road, Girton

CAMBRIDGE

Cambridgeshire

CB3 0QH

REGISTERED NUMBER:

15168388 (England and Wales)

AUDITORS:

Ensors

Victory House

Vision Park

Chivers Way

HISTON

Cambridgeshire

CB24 9ZR

CURRENT ASSETS

Debtors: amounts falling due within one year

4

1,197,869

1

Debtors: amounts falling due after more than one year

4

10,949,219

-

Cash at bank

764,935

-

12,912,023

1

CREDITORS

Amounts falling due within one year

5

684,174

-

NET CURRENT ASSETS

12,227,849

1

TOTAL ASSETS LESS CURRENT LIABILITIES

12,227,849

1

CREDITORS

Amounts falling due after more than one year

6

12,691,147

-

NET (LIABILITIES)/ASSETS

(463,298

)

1

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(463,299

)

-

(463,298

)

1

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 Profit & Loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 June 2026 and were signed by:

M D Smart - Director

1.	STATUTORY INFORMATION

Rural Asset Finance 3 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

The company commenced trading on 23 June 2025.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern

The director has prepared these accounts under the going concern principle, as the majority of its creditors are long term and having only commenced trading part way through the period, there is as yet insufficient trading income to cover the initial start up costs incurred in securing this funding.

The expectation is that this position will begin to reverse 15 to 18 months after the commencement of trade, with then positive reserves arising from approximately month 24 onwards.

Given these forecasts, the director considers the use of the going concern principle is appropriate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Amounts receivable in respect

of loan agreements

157,205

-

Amounts receivable in respect of finance leases

573,853

-

Amounts receivable in respect of hire purchase contracts

326,974

-

Other debtors

2

-

Directors' current accounts

-

1

VAT

139,835

-

1,197,869

1

Amounts falling due after more than one year:

Amounts receivable in respect

of loan agreements

6,768,347

-

Amounts receivable in respect of finance leases

2,474,056

-

Amounts receivable in respect of hire purchase contracts

1,467,197

-

Amounts owed by

related parties

239,619

-

10,949,219

-

Aggregate amounts

12,147,088

1

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

527,198

-

Accrued expenses

156,976

-

684,174

-

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other loans more than 5 years

by instalments

12,141,097

-

Amounts owed to

related parties

550,050

-

12,691,147

-

Amounts falling due in more than five years:

Repayable by instalments

Other loans more than 5 years

by instalments

12,141,097

-

12,141,097

-

7.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Other loans

12,141,097

-

The loans made available by NatWest Bank plc are secured by way of a fixed and floating charges over the assets of the company.

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jayson Lawson (Senior Statutory Auditor)

for and on behalf of Ensors

9.	RELATED PARTY DISCLOSURES

During the period, the company entered into transactions with entities that are under common control of the same individual and are therefore considered related parties.

At the balance sheet date, the following balances were outstanding:

Amounts due from related parties: £239,619 (2024: £nil)

Amounts due to related parties: £550,000 (2024: £nil)

The balances are unsecured, non-interest bearing for the first 2 years and not payable on demand. Formal loan agreements are in place.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M D Smart.