The Retrac Corporation Limited 31/03/2026 iXBRL

Company registration number: 12782924

THE RETRAC CORPORATION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 March 2026

THE RETRAC CORPORATION LIMITED

Contents

Directors report

Accountant's report

Statement of financial position

Notes to the financial statements

THE RETRAC CORPORATION LIMITED

Directors report

Year ended 31 March 2026

The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2026.

Directors

The directors who served the company during the year were as follows:

Mr P J Carter

Mrs L M Carter

Mr C Carter

Mr S P Carter

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 20 July 2026 and signed on behalf of the board by:

Mr P J Carter

Director

THE RETRAC CORPORATION LIMITED

Report to the board of directors on the preparation of the

unaudited statutory financial statements of The Retrac Corporation Limited

Year ended 31 March 2026

As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 March 2026 which comprise the statement of financial position and related notes.

You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.

R M F Pola FCA

Jenemi Associates Limited

Ecotech Business Park

27G Turbine Way

Swaffham

Norfolk

PE37 7XD

20 July 2026

THE RETRAC CORPORATION LIMITED

Statement of financial position

31 March 2026

		2026		2025
	Note	£	£	£	£

Fixed assets
Tangible assets	4	3,057,533		3,057,533
Investments	5	2,000		2,000
		_______		_______
			3,059,533		3,059,533

Current assets
Debtors	6	2,195,305		2,262,849
Cash at bank and in hand		3,575,162		4,346,973
		_______		_______
		5,770,467		6,609,822
Creditors: amounts falling due
within one year	7	( 1,020,083)		( 1,073,572)
		_______		_______
Net current assets			4,750,384		5,536,250
			_______		_______
Total assets less current liabilities			7,809,917		8,595,783

			_______		_______
Net assets			7,809,917		8,595,783
			_______		_______

Capital and reserves
Called up share capital	8		1,000		1,000
Profit and loss account			7,808,917		8,594,783
			_______		_______
Shareholders funds			7,809,917		8,595,783
			_______		_______

For the 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 financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 20 July 2026 , and are signed on behalf of the board by:

Mr P J Carter

Director

Company registration number: 12782924

THE RETRAC CORPORATION LIMITED

Notes to the financial statements

Year ended 31 March 2026

1. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

2. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

3. Tax on profit

Major components of tax expense

	2026	2025
	£	£
Current tax:
UK current tax expense	112,976	76,137
	_______	_______
Tax on profit	112,976	76,137
	_______	_______

4. Tangible assets

	Freehold property	Total
	£	£
Cost
At 1 April 2025 and 31 March 2026	3,057,533	3,057,533
	_______	_______
Depreciation
At 1 April 2025 and 31 March 2026	-	-
	_______	_______
Carrying amount
At 31 March 2026	3,057,533	3,057,533
	_______	_______
At 31 March 2025	3,057,533	3,057,533
	_______	_______

5. Investments

	Shares in group undertakings and participating interests	Total
	£	£
Cost
At 1 April 2025 and 31 March 2026	2,000	2,000
	_______	_______
Impairment
At 1 April 2025 and 31 March 2026	-	-
	_______	_______
Carrying amount
At 31 March 2026	2,000	2,000
	_______	_______
At 31 March 2025	2,000	2,000
	_______	_______

6. Debtors

	2026	2025
	£	£
Trade debtors	48,425	65,190
Amounts owed by group undertakings	2,146,880	2,197,659
	_______	_______
	2,195,305	2,262,849
	_______	_______

7. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	( 642)	4,473
Amounts owed to group undertakings	888,336	888,336
Corporation tax	112,976	156,407
Social security and other taxes	19,413	24,356
	_______	_______
	1,020,083	1,073,572
	_______	_______

8. Called up share capital

Authorised share capital

	2026		2025
	No	£	No	£
Ordinary shares of £ 1.00 each	1,000	1,000	1,000	1,000
	_______	_______	_______	_______
Issued, called up and fully paid
	2026		2025
	No	£	No	£
Ordinary shares of £ 1.00 each	1,000	1,000	1,000	1,000
	_______	_______	_______	_______