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Registration number: 01829518

Retirement Properties Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 31 March 2026

Retirement Properties Limited

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 6

Retirement Properties Limited

(Registration number: 01829518)
Balance Sheet as at 31 March 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Tangible assets | 4 | 260,417 | 271,006
Investments | 5 | 99 | 99
|  | 260,516 | 271,105
Current assets |  |  |
Debtors | 6 | - | 2,757
Cash at bank and in hand |  | 6,391 | 6,022
|  | 6,391 | 8,779
Creditors: Amounts falling due within one year | 7 | (235,633) | (225,917)
Net current liabilities |  | (229,242) | (217,138)
Total assets less current liabilities |  | 31,274 | 53,967
Provisions for liabilities |  | (2,294) | (2,366)
Net assets |  | 28,980 | 51,601
Capital and reserves |  |  |
Called up share capital |  | 104 | 104
Retained earnings |  | 28,876 | 51,497
Shareholders' funds |  | 28,980 | 51,601

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 May 2026 and signed on its behalf by:

......................................... P M Perry Director

Retirement Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Belmont
Bath
Somerset
BA1 5DZ

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Retirement Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Motor vehicles | 25% on cost
Office equipment (inc computers) | 25% on cost
Freehold assets | 2% on cost

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Retirement Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2025 - 2).

Retirement Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

4 | Tangible assets

| Freehold assets £ | Office equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 April 2025 | 510,263 | 39,523 | 8,000 | 557,786
Additions | - | 562 | 41,290 | 41,852
Disposals | - | - | (33,845) | (33,845)
At 31 March 2026 | 510,263 | 40,085 | 15,445 | 565,793
Depreciation
At 1 April 2025 | 251,713 | 33,067 | 2,000 | 286,780
Charge for the year | 10,205 | 4,530 | 3,861 | 18,596
At 31 March 2026 | 261,918 | 37,597 | 5,861 | 305,376
Net book value
At 31 March 2026 | 248,345 | 2,488 | 9,584 | 260,417
At 31 March 2025 | 258,550 | 6,456 | 6,000 | 271,006

5 | Investments

| 2026 £ | 2025 £
Investments in subsidiaries | 99 | 99

Subsidiaries | £
Cost or valuation
At 1 April 2025 | 99
Carrying amount
At 31 March 2026 | 99
At 31 March 2025 | 99

6 | Debtors

| 2026 £ | 2025 £
Prepayments | - | 2,757
| - | 2,757

Retirement Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

7 | Creditors

Amounts falling due within one year

| Note | 2026 £ | 2025 £
Due within one year |  |  |
Trade creditors |  | 22 | 2,970
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 8 | 211,659 | 199,052
Taxation and social security |  | 8,804 | 20,506
Accruals and deferred income |  | 2,920 | 2,848
Other creditors |  | 12,000 | -
Loan from directors |  | 228 | 541
|  | 235,633 | 225,917

8 | Related party transactions

Summary of transactions with subsidiaries

RP (Eugenie) Limited, a 99% Subsidiary Company of which the directors are the same, operated an unsecured interest free loan with no set terms for repayment. The amount due for repayment is £211,659 (2025 - £199,052).