Company registration number 13290529 (England and Wales)
RBH M2 LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
RBH M2 LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
RBH M2 LTD
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
as restated
Notes
£
£
£
£
Fixed assets
Investment property
4
5,825,000
5,825,000
Current assets
Debtors
5
274,144
336,109
Cash at bank and in hand
62,534
1,489
336,678
337,598
Creditors: amounts falling due within one year
7
(690,470)
(699,515)
Net current liabilities
(353,792)
(361,917)
Total assets less current liabilities
5,471,208
5,463,083
Creditors: amounts falling due after more than one year
6
(2,803,176)
(2,832,500)
Provisions for liabilities
(652,822)
(643,460)
Net assets
2,015,210
1,987,123
Capital and reserves
Called up share capital
3
3
Non-distributable profits reserve
8
1,887,536
1,887,536
Distributable profit and loss reserves
127,671
99,584
Total equity
2,015,210
1,987,123
RBH M2 LTD
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2025
31 December 2025
- 2 -

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

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 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.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 10 August 2026
Mr S Brock
Director
Company registration number 13290529 (England and Wales)
RBH M2 LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
1
Accounting policies
Company information

RBH M2 Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Campus Lodge, Pennine Five, Sim Street, Sheffield, S1 4DL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements relate to RBH M2 Limited as an individual entity.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover comprises rents received or receivable on investment properties.

1.3
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

RBH M2 LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

1.5
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

RBH M2 LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 5 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
3
4
Investment property
2025
£
Fair value
At 1 January 2025 and 31 December 2025
5,825,000

The fair value of the investment property has been arrived at on the basis of a valuation carried out at 20 December 2024 by Jones Lang LaSalle, who are not connected with the company. The director believes that there has been no material change in valuation since this date.

If the investment properties had not been revalued they would have been included at historical cost as at 31 December 2025 of £3,308,285 (2024: £3,308,285).

5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
-
0
61,407
Other debtors
274,144
274,702
274,144
336,109
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
2,803,176
2,832,500
RBH M2 LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
7
Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to connected companies
569,534
625,776
Other creditors
120,936
73,739
690,470
699,515

Short and long term borrowings are secured by way of fixed and floating charges, held by Santander UK PLC, over all assets and undertakings of the company.

Short and long term borrowings are guaranteed up to £2,900,000 by RBH No1 Ltd, a connected company. The loan balance as at 31 December 2025 is £2,803,176 (2024: £2,832,500).

8
Non-distributable profits reserve
2025
2024
£
£
At the beginning of the year
1,887,536
1,479,553
Non distributable profits in the year
-
407,983
At the end of the year
1,887,536
1,887,536

Non-distributable profits represent the change in fair value of i nvestment p roperties of £2,516,715 (202 4: £2,516,715) less the associated deferred tax provision of £629,179 (202 4: £629,179).

9
Prior period adjustment
Reconciliation of changes in equity
1 January
31 December
2024
2024
£
£
Adjustments to prior year
Deferred tax movement not previously recognised
-
(138,819)
Equity as previously reported
1,570,666
2,125,942
Equity as adjusted
1,570,666
1,987,123
Analysis of the effect upon equity
Profit and loss reserves
-
(138,819)
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