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REGISTERED NUMBER: 04692683 (England and Wales)












DR. R.L. RANGEL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






DR. R.L. RANGEL LIMITED (REGISTERED NUMBER: 04692683)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DR. R.L. RANGEL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Dr J R Rangel





REGISTERED OFFICE: 7 Wightwick Hall Road
Wightwick
Wolverhampton
West Midlands
WV6 8BZ





REGISTERED NUMBER: 04692683 (England and Wales)





ACCOUNTANTS: Wallace Crooke
Chartered Accountants
College House
St. Leonards Close
Bridgnorth
Shropshire
WV16 4EJ

DR. R.L. RANGEL LIMITED (REGISTERED NUMBER: 04692683)

BALANCE SHEET
31 MARCH 2023

2023 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,538 3,805
Investment property 5 - 370,000
4,538 373,805

CURRENT ASSETS
Debtors 6 107 -
Cash at bank 528,861 104,344
528,968 104,344
CREDITORS
Amounts falling due within one year 7 251,930 112,533
NET CURRENT ASSETS/(LIABILITIES) 277,038 (8,189 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

281,576

365,616

CREDITORS
Amounts falling due after more than one
year

8

-

(73,878

)

PROVISIONS FOR LIABILITIES 9 (540 ) (2,000 )
NET ASSETS 281,036 289,738

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 280,936 289,638
SHAREHOLDERS' FUNDS 281,036 289,738

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

DR. R.L. RANGEL LIMITED (REGISTERED NUMBER: 04692683)

BALANCE SHEET - continued
31 MARCH 2023


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 7 September 2023 and were signed by:





Dr J R Rangel - Director


DR. R.L. RANGEL LIMITED (REGISTERED NUMBER: 04692683)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Dr. R.L. Rangel 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.

The financial statements have been prepared on a basis other than going concern on the grounds that the director has taken the decision to cease the company's trading activities on 31 March 2023.

The company's financial statements are individual entity financial statements.

The company's financial statements are presented in Sterling and all values are rounded to the nearest
pound.

Turnover
Rents receivable is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment and fittings - 25% reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

DR. R.L. RANGEL LIMITED (REGISTERED NUMBER: 04692683)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Equipment
and
fittings
£   
COST
At 1 April 2022 17,097
Additions 2,245
At 31 March 2023 19,342
DEPRECIATION
At 1 April 2022 13,292
Charge for year 1,512
At 31 March 2023 14,804
NET BOOK VALUE
At 31 March 2023 4,538
At 31 March 2022 3,805

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 370,000
Disposals (370,000 )
At 31 March 2023 -
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 370,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Other debtors 107 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Taxation and social security 2,546 648
Other creditors 249,384 111,885
251,930 112,533

DR. R.L. RANGEL LIMITED (REGISTERED NUMBER: 04692683)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
as restated
£    £   
Other creditors - 73,878

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal - 73,878

9. PROVISIONS FOR LIABILITIES
2023 2022
as restated
£    £   
Deferred tax 540 2,000

Deferred
tax
£   
Balance at 1 April 2022 2,000
Provided during year (1,460 )
Balance at 31 March 2023 540

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: as
restated
£    £   
100 Ordinary shares £1 100 100