Rice Pop Properties Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 12128249

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		12,020		24,236
Investment Properties	5		1,251,660		833,382

			1,263,680		857,618
CURRENT ASSETS
Debtors	6	13,704		3,903
Cash at bank and in hand		104,760		3,489

		118,464		7,392
Creditors: Amounts Falling Due Within One Year	7	(503,462 )		(42,131 )

NET CURRENT ASSETS (LIABILITIES)			(384,998 )		(34,739 )

TOTAL ASSETS LESS CURRENT LIABILITIES			878,682		822,879

Creditors: Amounts Falling Due After More Than One Year	8		(658,672 )		(601,909 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	9		(50,154 )		(53,904 )

NET ASSETS			169,856		167,066

CAPITAL AND RESERVES
Called up share capital	10		400		400
Revaluation reserve	11		150,461		161,711
Profit and Loss Account			18,995		4,955

SHAREHOLDERS' FUNDS			169,856		167,066

Page 1

Page 2

Rice Pop Properties Ltd

Balance Sheet (continued)

As At 31 July 2025

For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Reece Channing Page

Director

21st July 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Rice Pop Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12128249 . The registered office is Unit 72 Maple Leaf Business Park, Manston, Rasmgate, Kent, CT12 5GD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable.

Rental income

Rental income is recognised on a straight-line basis over the period to which it relates in accordance with the terms of the lease.

Plant and machinery hire

Hire income is recognised on a straight-line basis over the period of the hire agreement.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

4 - 15 years, straight line

2.5. Investment Properties

Investment properties are measured at fair value at each reporting date. Fair values are determined annually based on current market rents and investment yields for comparable properties, adjusted where necessary for differences in location, nature, or condition of the specific assets. No depreciation is charged on investment properties.

Gains or losses arising from changes in the fair value of investment properties are recognised in the profit and loss account for the period. The cumulative fair value movements are transferred to a separate non-distributable revaluation reserve, which is ring-fenced from distribution.

Deferred Taxation

Deferred tax is recognised on temporary differences arising from the revaluation of investment properties. The deferred tax liability reflects the tax consequences expected to arise from the manner in which the Company anticipates recovering the carrying amount of its assets at the end of the reporting period.

Page 3

Page 4

Rice Pop Properties Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

2.6. Taxation

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. This is generally for accelerated capital allowances.

Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

2.7. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Tangible Assets

	Plant & Machinery
	£
Cost or Valuation
As at 1 August 2024	93,817
Disposals	(64,948 )

As at 31 July 2025	28,869

Depreciation
As at 1 August 2024	69,581
Provided during the period	925
Disposals	(53,657 )

As at 31 July 2025	16,849

Net Book Value
As at 31 July 2025	12,020

As at 1 August 2024	24,236

Page 4

Page 5

Rice Pop Properties Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

5. Investment Property

	2025
	£
Fair Value
As at 1 August 2024	833,382
Additions	438,278
Revaluations	(20,000)

As at 31 July 2025	1,251,660

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	2025	2024
	£	£
Cost	1,051,046	617,767

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	4,140	900
Other debtors	9,564	3,003

	13,704	3,903

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Bank loans and overdrafts	4,114	34,530
Other creditors	480,910	5,206
Taxation and social security	18,438	2,395

	503,462	42,131

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	658,672	416,801
Other creditors	-	185,108

	658,672	601,909

Page 5

Page 6

Rice Pop Properties Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

9. Deferred Taxation

The provision for deferred taxation is made up from fair value valuation surplus measurements.

Deferred taxation is recognised at each valuation period based on measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

	2025	2024
	£	£
Other timing differences	50,154	53,904

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	400	400

11. Reserves

	Revaluation reserve	Profit and Loss Account
	£	£
As at 1 August 2024	161,711	4,955
Profit for year	-	2,790

Net investment property revaluation reserve	(11,250 )	-

Other comprehensive income for the year	(11,250 )	-

Total comprehensive income for the year	(11,250)	2,790

Transfer to/from Other Reserves	-	11,250

As at 31 July 2025	150,461	18,995

The revaluation reserve represents unrealised gains arising from the revaluation of investment properties in accordance with FRS 102. These gains are held in a non-distributable reserve, as they do not constitute realised profits. The reserve is ring-fenced and not available for distribution to shareholders.

12. Related Party Transactions

During the year, units and equipment were let to a company under common control in which the sole director and shareholder of the company also has an ownership interest. The director considers that the transactions were undertaken on normal commercial terms.

During the year, the company received funding from an entity related through common ownership and control by Reece Channing Page, a director and shareholder of the company Engine Swap Ltd.

At the year end, the company owed £470,954 to this related party (2024: £182,558). The highest amount outstanding during the year was £470,954. The balance is unsecured, interest-free and repayable on demand.

At the year end, Channing Properties Ltd, a company related through the common ownership and control of Reece Channing Page, owed £4,101 to the company. The balance is unsecured, interest-free and repayable on demand.

No guarantees or security have been provided in respect of either balance.

13. Ultimate Controlling Party

The company's ultimate controlling party is Mr Reece Channing PAGE by virtue of his ownership of 100% of the issued share capital in the company.

Page 6