R SQRD Property Ltd

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—6

Registered number: 10092264

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		26,273		16,370
Investment Properties	5		1,775,303		1,775,303

			1,801,576		1,791,673
CURRENT ASSETS
Debtors	6	316,800		279,035
Cash at bank and in hand		9,524		1,443

		326,324		280,478
Creditors: Amounts Falling Due Within One Year	7	(749,587 )		(767,252 )

NET CURRENT ASSETS (LIABILITIES)			(423,263 )		(486,774 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,378,313		1,304,899

Creditors: Amounts Falling Due After More Than One Year	8		(473,474 )		(452,812 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	9		(236,545 )		(236,545 )

NET ASSETS			668,294		615,542

CAPITAL AND RESERVES
Called up share capital			100		100
Other reserves			709,634		709,634
Income Statement			(41,440 )		(94,192 )

SHAREHOLDERS' FUNDS			668,294		615,542

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R SQRD Property Ltd

Statement of Financial Position (continued)

As At 29 March 2026

For the year ending 29 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

R Ramani

Director

16 October 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

R SQRD Property Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10092264 . The registered office is 375 Regents Park Road, Finchley, London, N3 1DE.

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

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover comprises revenue recognised by the company in respect of rents received during the year. Rents are recognised up to the year end date.

The total turnover of the company for the year has been derived from its principal activity wholly undertaken within the UK.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	25% reducing balance
Fixtures & Fittings	20% reducing balance

2.4. Investment Properties

All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the income statement.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

...CONTINUED

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R SQRD Property Ltd

Notes to the Financial Statements (continued)

For The Year Ended 29 March 2026

2.5. Taxation - continued

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2025: 2)

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£
Cost or Valuation
As at 30 March 2025	19,874	628	20,502
Additions	16,501	-	16,501

As at 29 March 2026	36,375	628	37,003

Depreciation
As at 30 March 2025	3,975	157	4,132
Provided during the period	6,480	118	6,598

As at 29 March 2026	10,455	275	10,730

Net Book Value
As at 29 March 2026	25,920	353	26,273

As at 30 March 2025	15,899	471	16,370

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R SQRD Property Ltd

Notes to the Financial Statements (continued)

For The Year Ended 29 March 2026

5. Investment Property

	2026
	£
Fair Value
As at 30 March 2025 and 29 March 2026	1,775,303

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	2026	2025
	£	£
Cost	623,000	623,000

The fair value of the properties as at March 2026 have been arrived at on the basis of a valuation carried out at the date by Mr Ramani, a director of the company who is not a professionally qualified valuer. The valuation was arrived at by reference to market evidence of transaction prices for similar properties in the location, and takes into account the rental values in the area where the properties are situated.

6. Debtors

	2026	2025
	£	£
Due within one year
Other debtors	316,800	279,035

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Bank loans and overdrafts	1,694	-
Other creditors	720,313	739,672
Taxation and social security	27,580	27,580

	749,587	767,252

8. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	473,474	452,812

The bank loans and overdraft are secured by first legal charges over the Company's properties including a negative pledge.

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R SQRD Property Ltd

Notes to the Financial Statements (continued)

For The Year Ended 29 March 2026

9. Deferred Taxation

The deferred tax provision as shown below relates to the potential future tax due should the investment properties held by the company be sold. The provision has been calculated based on the difference between the historic cost of the properties and the market value of those properties as at the Balance Sheet date at the future applicable corporation tax rates. The increase in the provision reflects the additional tax due on the revaluation increase provided for in the year, as required by FRS 102 S1A.

	2026	2025
	£	£
Revaluation of investment properties	236,545	236,545

10. Related Party Transactions

At 31 March 2026, amounts due to the directors totalled £266,672 (2025: £316,451), comprising £179,280 due to R Ramani (2025: £306,597) and £87,391 due to M Ramani (2025: £9,854). The balances are unsecured, interest-free and repayable on demand. No guarantees have been given or received in respect of these balances.

The company is associated to MHS Learning Ltd, R SQRD Developments Ltd, R SQRD Ltd, Axelman Ltd and Ramani 1 Ltd by vitrue of common directors & shareholders.

Included in creditors due within one year is £203,001 due to MHS Learning Ltd (2025: £184,501), £13,246 due to R SQRD Developments Limited (2025: £18,406) and £45,130 due to R SQRD Limited (2025: £50,290). The balances are unsecured, interest-free and repayable on demand.

Included in debtors due within one year is £110,186 due from Axelman Ltd (2025: £110,186) and £107,720 due from Ramani 1 Limited (2025: £101,950). The balances are unsecured, interest-free and repayable on demand.

11. Transition to FRS 102

These are the first financial statements prepared in accordance with FRS 102 S1A. The company transitioned to FRS 102 S1A on 30 March 2024.

The only transition adjustment required was the recognition of a deferred tax liability of £236,545 in respect of the revaluation gains recognised on the company's investment properties. The effect of this adjustment has been to reduce other reserves by the same amount.

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