Registration number: 09933931

Rates Expert Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

Rates Expert Limited

Company Information

Director

Simon Alexander Wanderer

Registered office

2nd Floor Rico House George Street Prestwich Manchester M25 9WS

Accountants

Gordon Levy Limited Chartered Accountants Suite 5, 4th Floor 3 Universal Square Devonshire Street North Manchester, M12 6JH

Rates Expert Limited

(Registration number: 09933931)
Balance Sheet as at 31 January 2026

	Note	2026 £	2025 £
Fixed assets
Investment property	4	45,000	45,000
Current assets
Debtors	5	23,591	26,152
Cash at bank and in hand		20,439	23,108
		44,030	49,260
Creditors: Amounts falling due within one year	6	(3,038)	(12,013)
Net current assets		40,992	37,247
Net assets		85,992	82,247
Capital and reserves
Called up share capital	7	1	1
Retained earnings		85,991	82,246
Shareholders' funds		85,992	82,247

For the financial year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 22 October 2026
 

......................................... Simon Alexander Wanderer Director

Rates Expert Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2nd Floor Rico House
George Street
Prestwich
Manchester
M25 9WS

These financial statements were authorised for issue by the director on 22 October 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
and it is probable that future economic benefits will flow to the entity.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate. Fair value is assessed annually by the director, Simon Alexander Wanderer, who is a qualified chartered surveyor and a Royal Institution of Chartered Surveyors (RICS) registered valuer. Where the director's assessment is supported by an independent professional valuation, the details are disclosed in the relevant note. Fair value is determined using observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Rates Expert Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2025 - 0).

4	Investment properties

	2026 £
At 1 February	45,000
At 31 January	45,000

There has been no valuation of investment property by an independent valuer.

Rates Expert Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

5

Debtors

Current	Note	2026 £	2025 £
Trade debtors		9,359	13,280
Amounts owed by related parties	8	14,232	12,200
Prepayments		-	672
		23,591	26,152

6

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Trade creditors		1,080	-
Amounts due to related parties	8	-	8,968
Accruals		1,080	1,080
Income tax liability		878	1,965
		3,038	12,013

7	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary shares of £1 each	1	1	1	1

Rates Expert Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

8	Related party transactions

Summary of transactions with other related parties

Loans to other related parties amount, presented below, is loan to Simons W Land Limited, a company under common ultimate control.

Loans to related parties

2026	Key management £	Other related parties £	Total £
At start of period	-	12,200	12,200
Advanced	2,032	-	2,032
At end of period	2,032	12,200	14,232

2025	Other related parties £	Total £
At start of period	12,200	12,200
At end of period	12,200	12,200

Terms of loans to related parties

Loans to key management and other related parties are unsecured, interest free and repayable on demand.

Loans from related parties

2026	Key management £	Total £
At start of period	8,968	8,968
Repaid	(8,968)	(8,968)
At end of period	-	-

2025	Key management £	Total £
At start of period	10,968	10,968
Repaid	(2,000)	(2,000)
At end of period	8,968	8,968

Terms of loans from related parties

Loans from key management are unsecured, interest free and repayable on demand.