REGISTERED NUMBER: 11196016 (England and Wales)

ENIGMA HOLDINGS RENTPLUS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P L George

SECRETARY:

L Mainwaring

REGISTERED OFFICE:

Enigma House

76 High Street

Tarporley

Cheshire

CW6 0AT

REGISTERED NUMBER:

11196016 (England and Wales)

ACCOUNTANTS:

Sephton & Company LLP

Chartered Certified Accountants

Marston House

5 Elmdon Lane

Marston Green

Solihull

West Midlands

B37 7DL

FIXED ASSETS

Investments

4

1,096,774

1,096,774

CURRENT ASSETS

Debtors

5

18,042,034

16,178,613

Cash at bank and in hand

100

10,100

18,042,134

16,188,713

CREDITORS

Amounts falling due within one year

6

26,988

32,593

NET CURRENT ASSETS

18,015,146

16,156,120

TOTAL ASSETS LESS CURRENT LIABILITIES

19,111,920

17,252,894

CREDITORS

Amounts falling due after more than one year

7

19,116,158

17,252,737

NET (LIABILITIES)/ASSETS

(4,238

)

157

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(4,338

)

57

SHAREHOLDERS' FUNDS

(4,238

)

157

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 11 September 2026 and were signed by:

P L George - Director

1.	STATUTORY INFORMATION

Enigma Holdings Rentplus 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Preparation of consolidated financial statements

The financial statements contain information about Enigma Holdings Rentplus Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries

Interests in subsidiaries, are initially measured at cost and subsequently measured at cost less any

accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately 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.

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 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 cash and amounts owed by group undertakings, 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 financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that

occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was

recognised, the impairment is reversed. The reversal is such that the current carrying amount does not

exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

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.

Basic financial liabilities

Basic financial liabilities, including other creditors and amounts owed to group undertakings, are initially

measured at transaction price unless the arrangement constitutes a financing transaction, where the debt

instrument is measured at the present value of the future payments discounted at a market rate of interest.

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

Equity instruments

Equity instruments issued by the company are recorded at the fair value of proceeds received, net of

transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no

longer at the discretion of the company.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the

company has adequate resources to continue in operational existence. The balance sheet reflects net liabilities of £4,238 (2024 - net assets of £157) which is primarily due to loans from the parent company of

£19,116,158 (2024 - £17,252,737). The interest receivable from the loans in the investment business covers

the interest payable on the parental loans. The parent company has confirmed its on-going support to the

business

.

The directors have assessed the external environment in the housing industry and concluded that whilst

challenges exist there is no significant reason to doubt the ability to trade for the foreseeable future. For this

reason, the directors continue to adopt the going concern basis of accounting in preparing the financial

statements.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2025

and 31 December 2025

1,096,774

NET BOOK VALUE

At 31 December 2025

1,096,774

At 31 December 2024

1,096,774

5.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

18,042,034

16,178,613

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

23,988

29,593

Other creditors

3,000

3,000

26,988

32,593

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

19,116,158

17,252,737

8.	RELATED PARTY DISCLOSURES

Enigma Holdings Group Limited

2025

2024

£

£

Amount due to related party at the balance sheet date

19,140,145

17,282,330

Enigma Holdings Group Limited is the immediate parent of the company. During the year Enigma Holdings Group Limited made payments on behalf of the company of £4,360 (2024 - £4,200). The company had received loans from Enigma Holdings Group Limited in 2018. These loans are unsecured and interest is charged on £9,900,000 at a compound interest of 12% per annum (2024 - 8%). .

During the year interest of £1,863,421 (2024 - £1,172,540) was accrued.

Interest free loans of £1,100,000 used for the investment in Rentplus-UK Limited can be recalled with 1 year and 1 week notice.

Rentplus-UK Limited

2025

2024

£

£

Amount due from related party at the balance sheet date

18,042,034

16,178,613

Rentplus-UK Limited is a subsidiary company. The company made loans to Rentplus-UK Limited in 2018. The loans are unsecured and interest is charged on £9,900,000 at 8% per annum on a straight line basis compounding annually.

During the year interest of £1,863,421 (2024 - £1,198,415) was accrued.

9.	ULTIMATE CONTROLLING PARTY

The immediate parent company is Enigma Holdings Group Limited, a company registered and incorporated in

England and Wales.

The ultimate parent company is XPG Holdings Limited, a company registered and incorporated in England

and Wales.

The director considers himself to be the ultimate controlling party by virtue of his majority shareholding in XPG

Holdings Limited.