REGISTERED NUMBER: 11578967 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

RESIDENTIAL RENTS RECEIVABLE SECURED

LOAN NOTE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J E Billingham

REGISTERED OFFICE:

c/o BTMR Limited

Century Buildings

14 St Mary's Parsonage

Manchester

M3 2DF

REGISTERED NUMBER:

11578967 (England and Wales)

ACCOUNTANTS:

BTMR Limited

Century Buildings

14 St Mary's Parsonage

Manchester

M3 2DF

CURRENT ASSETS

Debtors

4

6,783,275

4,291,392

CREDITORS

Amounts falling due within one year

5

4,760,054

4,571,897

NET CURRENT ASSETS/(LIABILITIES)

2,023,221

(280,505

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,023,221

(280,505

)

CREDITORS

Amounts falling due after more than one year

6

5,149,325

2,452,025

NET LIABILITIES

(3,126,104

)

(2,732,530

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

(3,126,204

)

(2,732,630

)

SHAREHOLDERS' FUNDS

(3,126,104

)

(2,732,530

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 19 August 2026 and were signed by:

J E Billingham - Director

1.	STATUTORY INFORMATION

Residential Rents Receivable Secured Loan Note Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	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.

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.

DEBTORS

30.11.25

30.11.24

£

£

Amounts falling due within one year:

Trade debtors

1,145,445

1,325,488

Amounts owed by related parties

3,337,137

-

Other debtors

465,073

40,073

4,947,655

1,365,561

Amounts falling due after more than one year:

Trade debtors

2,231,725

3,576,241

Other debtors

(396,105

)

(650,410

)

1,835,620

2,925,831

Aggregate amounts

6,783,275

4,291,392

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade creditors

-

2,008

Amounts owed to group undertakings

2,264,408

2,288,994

Amounts owed to related parties

-

1,967,615

Other creditors

2,495,646

313,280

4,760,054

4,571,897

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Other creditors

5,149,325

2,452,025

7.	SECURED DEBTS

The following secured debts are included within creditors:

30.11.25

30.11.24

£

£

Loan note funding

7,185,325

2,452,025

Loan note funding is secured by way of a fixed charge against loan debtor balances owed to the company.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.25

30.11.24

value:

£

£

100

Ordinary

£1

100

100

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J E Billingham.

The company is under the control of Mr J E Billingham as the sole shareholder of the company's holding company.

10.	BASIS OF PREPARATION

The company made a loss for the year of £393,574 (Profit in 2024: £95,950) and at the balance sheet date had net liabilities of £3,126,104 (2024: £2,732,530). The financial statements have been prepared on the going concern basis, which is dependent upon continued financial support from the director, other group companies and other companies not part of the group that are under common ownership. The controlling party, Mr J E Billingham has indicated that such financial support will continue.