REGISTERED NUMBER: 08340357 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Rafkins Properties Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTORS:

R J Adil

R A Adil

REGISTERED OFFICE:

34-36 London Road

Wembley

Middlesex

HA9 7EX

REGISTERED NUMBER:

08340357 (England and Wales)

ACCOUNTANTS:

Wright Vigar Limited

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rafkins Properties Limited for the year ended 31 March 2026 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Rafkins Properties Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Rafkins Properties Limited and state those matters that we have agreed to state to the Board of Directors of Rafkins Properties Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rafkins Properties Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Rafkins Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Rafkins Properties Limited. You consider that Rafkins Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Rafkins Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Wright Vigar Limited

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

25 September 2026

FIXED ASSETS

Tangible assets

4

37,608

50,145

Investment property

5

9,775,000

9,775,000

9,812,608

9,825,145

CURRENT ASSETS

Debtors

6

4,161,143

4,152,696

Cash at bank

267,949

191,316

4,429,092

4,344,012

CREDITORS

Amounts falling due within one year

7

2,446,437

1,585,148

NET CURRENT ASSETS

1,982,655

2,758,864

TOTAL ASSETS LESS CURRENT LIABILITIES

11,795,263

12,584,009

CREDITORS

Amounts falling due after more than one year

8

(3,173,334

)

(4,053,829

)

PROVISIONS FOR LIABILITIES

(1,825,415

)

(1,899,396

)

NET ASSETS

6,796,514

6,630,784

CAPITAL AND RESERVES

Called up share capital

10

1,000

1,000

Fair value reserve

11

6,143,183

6,143,183

Retained earnings

652,331

486,601

SHAREHOLDERS' FUNDS

6,796,514

6,630,784

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 25 September 2026 and were signed on its behalf by:

R J Adil - Director

1.	STATUTORY INFORMATION

Rafkins Properties 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 as modified by the revaluation of certain assets.

Significant judgements and estimates

In the process of applying its accounting policies, the company is required to make certain estimates, judgements and assumptions that it believes are reasonable based on the information available. These judgements, estimates and assumptions affect the amounts of assets and liabilities at the date of the financial statements and the amounts of revenues and expenses recognised during the reporting periods presented.

On an ongoing basis the company evaluates its estimate using historical experience, consultation with experts and other methods considered reasonable in the particular circumstances. Actual results may differ significantly from the estimates, the effect of which is recognised in the period in which the facts that give rise to the revision become known.

- Tangible fixed assets

The estimated useful economic lives of tangible fixed assets are based on managements judgement and experience. When management identifies that actual useful economic lives differ materially from the estimates used to calculate depreciation, that charge is adjusted prospectively.

- Valuation of investment properties

The directors exercise judgement in their valuation of investment properties. Valuations are derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset.

Revenue

Turnover comprises of rents received by the company during the year net of value added tax.

Turnover is recognised in the period the rent relates to.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Comprehensive Income.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

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.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance Sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2025

and 31 March 2026

95,789

DEPRECIATION

At 1 April 2025

45,644

Charge for year

12,537

At 31 March 2026

58,181

NET BOOK VALUE

At 31 March 2026

37,608

At 31 March 2025

50,145

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

9,775,000

NET BOOK VALUE

At 31 March 2026

9,775,000

At 31 March 2025

9,775,000

Investment property was valued on market value/rental basis on 29 October 2024 by Lambert Smith Hampton. The directors consider that this valuation remains appropriate as at 31 March 2026.

Fair value at 31 March 2026 is represented by:

£

Valuation in 2015

3,467,881

Valuation in 2016

273,037

Valuation in 2017

276,690

Valuation in 2018

204,447

Valuation in 2021

991,652

Valuation in 2022

1,286,210

Valuation in 2023

1,200,000

Valuation in 2025

(125,000

)

Cost

2,200,083

9,775,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

-

1,991

Other debtors

4,161,143

4,150,705

4,161,143

4,152,696

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

881,904

78,450

Trade creditors

30,934

63,910

Taxation and social security

33,674

6,861

Other creditors

1,499,925

1,435,927

2,446,437

1,585,148

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

3,173,334

4,053,829

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

4,055,238

4,132,279

Bank loans are secured by a floating charge covering all the property and undertakings of the company.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

1,000

Ordinary

1

1,000

1,000

11.

RESERVES

Fair

value

reserve

£

At 1 April 2025

and 31 March 2026

6,143,183

12.	RELATED PARTY DISCLOSURES

Included in other creditors due within one year are loan amounts of £1,398,706 (2025: £1,336,045) due to companies under common control.The loans have arisen from intercompany funding in the current and previous years. The loans are unsecured, free of interest and repayable on demand.

Included in other debtors due within one year are loan amounts of £4,157,277 (2025: £4,145,886) due from companies under common control. The loans have arisen from intercompany funding in the current and previous years. The loans are unsecured, free of interest and repayable on demand.