RCN PROPERTIES LTD

RCN PROPERTIES LTD
Contents Page
For the year ended 31 August 2025

Accountants' Report	1
Statement of Financial Position	2
Notes to the Financial Statements	3

RCN PROPERTIES LTD Accountants' Report For the year ended 31 August 2025
Accountant’s report You consider that the company is exempt from an audit for the year ended 31 August 2025 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. EDGE CHARTERED CERTIFIED ACCOUNTANTS (Partnership) 31 August 2025 .................................................... EDGE CHARTERED CERTIFIED ACCOUNTANTS (Partnership) 25 August 2026 1

RCN PROPERTIES LTD
Accountants' Report
For the year ended 31 August 2025

Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 August 2025 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
EDGE CHARTERED CERTIFIED ACCOUNTANTS (Partnership)
31 August 2025

....................................................

EDGE CHARTERED CERTIFIED ACCOUNTANTS (Partnership)

25 August 2026

1

RCN PROPERTIES LTD
Statement of Financial Position
As at 31 August 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	431,149	208,568
		431,149	208,568
Current assets
Cash at bank and in hand		1,635	528
Creditors: amount falling due within one year		1	(822)
Net current assets		1,636	(294)

Total assets less current liabilities		432,785	208,274
Creditors: amount falling due after more than one year		(406,924)	(259,846)
Provisions for liabilities		(22,858)	0
Net assets		3,003	(51,572)

Capital and reserves
Called up share capital		2	2
Profit and loss account		3,001	(51,574)
Shareholders' funds		3,003	(51,572)

For the year ended 31 August 2025 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 accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 25 August 2026 and were signed on its behalf by:

-------------------------------
Chike CHUKWUDI
Director

2

RCN PROPERTIES LTD
Notes to the Abridged Financial Statements
For the year ended 31 August 2025

General Information

RCN PROPERTIES LTD is a private company, limited by shares, registered in , registration number 15057669, registration address 3 St. James Way, Biddenham, Bedford, MK40 4UH.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

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

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Investment properties

Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

2.	Average number of employees Average number of employees during the year was 2 (2024 : 2).

3.

Tangible fixed assets

Cost or valuation	Investment properties	Total
	£	£
At 01 September 2024	208,568	208,568
Additions	131,149	131,149
Disposals	-	-
Revaluations	91,432	91,432
At 31 August 2025	431,149	431,149
Depreciation
At 01 September 2024	-	-
Charge for year	-	-
On disposals	-	-
At 31 August 2025	-	-
Net book values
Closing balance as at 31 August 2025	431,149	431,149
Opening balance as at 01 September 2024	208,568	208,568

3

Registered Number: 15057669

RCN PROPERTIES LTD

Abridged Accounts

Period of accounts Start date: 01 September 2024 End date: 31 August 2025