REGISTERED NUMBER: 03765873 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2026

for

Rapido Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Cardillo Zallo

A Cardillo-Zallo

SECRETARY:

A Cardillo-Zallo

REGISTERED OFFICE:

Eshton Suite 2

Wynyard Park House Wynyard Business Park

Wynyard Avenue

Billingham

England

TS22 5TB

REGISTERED NUMBER:

03765873 (England and Wales)

ACCOUNTANTS:

RAA North East Ltd

Eshton Suite 2

Wynyard Business Park

Wynyard Avenue

Billingham

Cleveland

TS22 5TB

Fixed assets

Tangible assets

3

3,445

4,207

Investment property

4

2,570,000

2,500,000

2,573,445

2,504,207

Current assets

Debtors

5

3,142

-

Cash at bank

6,838

6,541

9,980

6,541

Creditors

Amounts falling due within one year

6

(1,896

)

(1,441

)

Net current assets

8,084

5,100

Total assets less current liabilities

2,581,529

2,509,307

Creditors

Amounts falling due after more than one year

7

(1,053,739

)

(931,947

)

Provisions for liabilities

(305,971

)

(318,107

)

Net assets

1,221,819

1,259,253

Capital and reserves

Called up share capital

2

2

Fair value reserve

8

1,304,402

1,356,142

Retained earnings

8

(82,585

)

(96,891

)

1,221,819

1,259,253

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2026 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 July 2026 and were signed on its behalf by:

G Cardillo Zallo - Director

1.	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.

TURNOVER

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

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

INVESTMENT PROPERTY

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

No depreciation is provided on the freehold properties which are reflected at a valuation.

The company's freehold properties are re-valued periodically and the aggregate surplus or deficit is transferred to the company's revaluation reserve. Formal professional valuation is produced every 5 years. Interim valuations are provided by the directors.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - 2 ).

3.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 June 2025

and 31 May 2026

13,250

7,144

20,394

DEPRECIATION

At 1 June 2025

11,929

4,258

16,187

Charge for year

330

432

762

At 31 May 2026

12,259

4,690

16,949

NET BOOK VALUE

At 31 May 2026

991

2,454

3,445

At 31 May 2025

1,321

2,886

4,207

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2025

2,500,000

Additions

133,876

Revaluations

(63,876

)

At 31 May 2026

2,570,000

NET BOOK VALUE

At 31 May 2026

2,570,000

At 31 May 2025

2,500,000

Fair value at 31 May 2026 is represented by:

£

Valuation in 2025

1,674,250

Valuation in 2026

(63,876

)

Cost

959,626

2,570,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Prepayments and accrued income

3,142

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other creditors

240

-

Accrued expenses

1,656

1,441

1,896

1,441

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Other loans more 5yrs non-inst

603,375

603,375

Directors' loan accounts

450,364

328,572

1,053,739

931,947

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

603,375

603,375

8.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 June 2025

(96,891

)

1,356,142

1,259,251

Deficit for the year

(37,434

)

(37,434

)

Revaluation of tangible fixed

assets

51,740

(51,740

)

-

At 31 May 2026

(82,585

)

1,304,402

1,221,817