Company Registration No. 00990307 (England and Wales)
RAINHEATH LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
PAGES FOR FILING WITH REGISTRAR
James Hair Group Limited
59 Bonnygate
CUPAR
Fife
UK
KY15 4BY
RAINHEATH LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2025
30 November 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
2,236
3,355
Tangible assets
4
5,150,438
7,961,279
Investment properties
5
-
0
150,000
Investments
6
1
1
5,152,675
8,114,635
Current assets
Stocks
313,406
377,171
Debtors
7
5,079,840
5,440,462
Cash at bank and in hand
216,572
878,140
5,609,818
6,695,773
Creditors: amounts falling due within one year
8
(1,654,719)
(636,759)
Net current assets
3,955,099
6,059,014
Total assets less current liabilities
9,107,774
14,173,649
Creditors: amounts falling due after more than one year
9
(37,596)
(7,376)
Net assets
9,070,178
14,166,273
Capital and reserves
Called up share capital
10
7,682
7,682
Capital redemption reserve
1,450
1,450
Profit and loss reserves
9,061,046
14,157,141
Total equity
9,070,178
14,166,273

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

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

The financial statements were approved by the board of directors and authorised for issue on 24 August 2026 and are signed on its behalf by:
Mrs Julie Stephenson
Director
Company Registration No. 00990307
RAINHEATH LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 2 -
1
Accounting policies
Company information

Rainheath Limited is a private company limited by shares incorporated in England and Wales. The registered office is Triune Court, Monks Cross Drive, Huntington, YORK, YO32 9GZ.

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 have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Turnover

T urnover comprises the invoiced value of furnished holiday accommodation, farming and rental income provided by the company, net of Value Added Tax and trade discounts.

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Website costs
10% straight line
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
Straight line over 50 years
Plant and Equipment
Straight line over 5 - 7 years
Fixtures and fittings
Straight line over 5 years
Motor vehicles
Straight line over 4 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

RAINHEATH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 3 -
1.5
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.

1.6
Fixed asset investments

All investments, including listed investments, i nterests in subsidiaries, associates and jointly controlled entities are initially measured at transaction price excluding transaction costs, and are subsequently measured at market/fair value at each reporting date. Transaction costs are expensed to profit or loss as incurred.

Changes in market/ fair value are recognised in other comprehensive income except to the extent that a gain reverses a loss previously recognised in profit or loss, or a loss exceeds the accumulated gains recognised in equity; such gains and loss are recognised in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.7
Stocks

Stocks and work in progress including short term contracts are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks. Cost comprises direct expenditure and an appropriate proportion of fixed and variable overheads.

1.8
Financial instruments

Basic financial instruments are recognised at amortised cost using the effective interest method except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in the profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with charges recognised in profit and loss.

1.9
Taxation
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement 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 income statement, 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.

RAINHEATH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.11
Pensions

The company operates a defined contribution pension scheme and the pension charge represents the amounts paid by the company to the funds in respect of the year.

1.12
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

1.13
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

Government grants relating to turnover are recognised as income over the periods when the related costs are incurred. Grants relating to an asset are recognised in income systematically over the asset's expected useful life. If part of such a grant is deferred it is recognised as deferred income rather than being deducted from the asset's carrying amount.

2
Employees

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

2025
2024
Number
Number
Total
35
38
RAINHEATH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 5 -
3
Intangible fixed assets
Website costs
£
Cost
At 1 December 2024 and 30 November 2025
11,188
Amortisation and impairment
At 1 December 2024
7,833
Amortisation charged for the year
1,119
At 30 November 2025
8,952
Carrying amount
At 30 November 2025
2,236
At 30 November 2024
3,355
4
Tangible fixed assets
Freehold land and buildings
Plant and Equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 December 2024
9,145,006
1,143,159
524,647
106,943
10,919,755
Additions
4,638,550
110,593
-
0
57,500
4,806,643
Disposals
(8,254,623)
(325,775)
(699)
(30,000)
(8,611,097)
At 30 November 2025
5,528,933
927,977
523,948
134,443
7,115,301
Depreciation and impairment
At 1 December 2024
1,517,036
846,666
508,875
85,899
2,958,476
Depreciation charged in the year
68,669
142,789
12,200
28,229
251,887
Eliminated in respect of disposals
(903,692)
(311,109)
(699)
(30,000)
(1,245,500)
At 30 November 2025
682,013
678,346
520,376
84,128
1,964,863
Carrying amount
At 30 November 2025
4,846,920
249,631
3,572
50,315
5,150,438
At 30 November 2024
7,627,970
296,493
15,772
21,044
7,961,279
RAINHEATH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 6 -
5
Investment property
2025
£
Fair value
At 1 December 2024
150,000
Disposals
(226,188)
Revaluations
76,188
At 30 November 2025
-
0

The freehold investment properties were revalued at 27 March 202 5 by the directors on an existing use open market value basis at £226,188.

The historical cost of the freehold investment properties at 30 November 2022 was £107,696.

6
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
1
1
Movements in fixed asset investments
Shares in group undertakings
£
Cost or valuation
At 1 December 2024 & 30 November 2025
1
Carrying amount
At 30 November 2025
1
At 30 November 2024
1
7
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
84,851
425,908
Amounts owed by group undertakings
4,958,272
4,958,272
Prepayments and accrued income
36,717
56,282
5,079,840
5,440,462
RAINHEATH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 7 -
8
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
7,033
10,000
Obligations under finance leases (secured)
26,538
28,500
Trade creditors
103,946
108,105
Other taxation and social security
70,710
61,202
Deferred income
139,998
319,047
Other creditors
1,292,511
89,575
Directors current accounts
-
560
Accruals and deferred income
13,983
19,770
1,654,719
636,759
9
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
0
7,376
Obligations under finance leases (secured)
37,596
-
0
37,596
7,376
10
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
76,820 Ordinary shares of 10p each
7,682
7,682

11
Demerger accounting

On 27 March 2025 the company undertook a reorganisation to facilitate a demerger of various trading activities.

Dondelion Limited, a company registered in England, Company Registration Number 16084967, acquired the entire share capital of Rainheath Limited on that date, via a share-for-share exchange.

Assets representing 45% of the company were distributed in specie to Dondelion Limited. Specific land and property, plant and machinery and stocks were transferred at book value to Dondelion, with the transfer being treated as a distribution in specie, using existing reserves.

A statutory demerger was then undertaken to distribute Rainheath’s shares back to to its two remaining shareholders, from Dondelion Limited

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