PTP Accounts Production v23.2.0.158 NI675305 Board of Directors Board of Directors 1.2.22 31.1.23 31.1.23 PROPERTY HOLDING COMPANY 0 0 false true false false true false 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhNI6753052022-01-31NI6753052023-01-31NI6753052022-02-012023-01-31NI6753052021-01-03NI6753052021-01-042022-01-31NI6753052022-01-31NI675305ns10:Originalns15:NorthernIreland2022-02-012023-01-31NI675305ns14:PoundSterlingns10:Original2022-02-012023-01-31NI675305ns10:Originalns10:Director12022-02-012023-01-31NI675305ns10:Original2022-02-012023-01-31NI675305ns10:Originalns10:Director22022-02-012023-01-31NI675305ns10:Original2023-01-31NI675305ns10:UnlimitedCompanyns10:Original2022-02-012023-01-31NI675305ns10:Originalns10:SmallEntities2022-02-012023-01-31NI675305ns10:Originalns10:AuditExemptWithAccountantsReport2022-02-012023-01-31NI675305ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-02-012023-01-31NI675305ns10:SmallCompaniesRegimeForAccountsns10:Original2022-02-012023-01-31NI675305ns10:Originalns10:FullAccounts2022-02-012023-01-31NI675305ns10:Original2021-01-042022-01-31NI675305ns10:CompanySecretary1ns10:Original2022-02-012023-01-31NI675305ns10:Originalns10:RegisteredOffice2022-02-012023-01-31NI675305ns10:Original2022-01-31NI675305ns10:Originalns5:CurrentFinancialInstruments2023-01-31NI675305ns10:Originalns5:CurrentFinancialInstruments2022-01-31NI675305ns10:Originalns5:Non-currentFinancialInstruments2023-01-31NI675305ns10:Originalns5:Non-currentFinancialInstruments2022-01-31NI675305ns5:ShareCapitalns10:Original2023-01-31NI675305ns5:ShareCapitalns10:Original2022-01-31NI675305ns10:Originalns5:FurtherSpecificReserve1ComponentTotalEquity2023-01-31NI675305ns10:Originalns5:FurtherSpecificReserve1ComponentTotalEquity2022-01-31NI675305ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-01-31NI675305ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-01-31NI675305ns10:Originalns5:LandBuildings2022-01-31NI675305ns10:Originalns5:LandBuildings2023-01-31NI675305ns10:Originalns5:LandBuildings2022-01-31NI675305ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-31NI675305ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-01-31NI675305ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-01-31NI675305ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-01-31
REGISTERED NUMBER: NI675305 (Northern Ireland)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 January 2023

for

RAR UK 1 LIMITED

RAR UK 1 LIMITED (Registered number: NI675305)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


RAR UK 1 LIMITED

Company Information
for the Year Ended 31 January 2023







DIRECTORS: John Alexander Norman Ward
William Henry Frazer Steele





SECRETARY:





REGISTERED OFFICE: 368 Newtownards Road
Belfast
Co. Antrim
BT4 1HG





REGISTERED NUMBER: NI675305 (Northern Ireland)





ACCOUNTANTS: Baker Tilly Channel Islands Limited
Channel Islands

RAR UK 1 LIMITED (Registered number: NI675305)

Report of the Directors
for the Year Ended 31 January 2023

The directors present their report with the financial statements of the company for the year ended 31 January 2023.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 February 2022 to the date of this report.

John Alexander Norman Ward
William Henry Frazer Steele

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





William Henry Frazer Steele - Director


24 October 2023

RAR UK 1 LIMITED (Registered number: NI675305)

Income Statement
for the Year Ended 31 January 2023

Period
4.1.21
Year Ended to
31.1.23 31.1.22
£    £   

TURNOVER - -

Administrative expenses 92,985 62,595
(92,985 ) (62,595 )

Other operating income 286,390 233,247
OPERATING PROFIT 193,405 170,652


Interest payable and similar
expenses

89,929

46,112
PROFIT BEFORE TAXATION 103,476 124,540

Tax on profit 19,661 23,663
PROFIT FOR THE FINANCIAL YEAR 83,815 100,877

RAR UK 1 LIMITED (Registered number: NI675305)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,726,642 4,728,867

CURRENT ASSETS
Debtors 5 23,767 13,661
Prepayments and accrued income 69,080 24,401
Cash at bank 290,557 214,371
383,404 252,433
CREDITORS
Amounts falling due within one year 6 110,619 65,688
NET CURRENT ASSETS 272,785 186,745
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,999,427

4,915,612

CREDITORS
Amounts falling due after more than
one year

7

2,225,000

2,225,000
NET ASSETS 2,774,427 2,690,612

CAPITAL AND RESERVES
Called up share capital 1 1
Other reserves 2,589,734 2,589,734
Retained earnings 184,692 100,877
2,774,427 2,690,612

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

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

RAR UK 1 LIMITED (Registered number: NI675305)

Balance Sheet - continued
31 January 2023


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2023 and were signed on its behalf by:




William Henry Frazer Steele - Director



John Alexander Norman Ward - Director


RAR UK 1 LIMITED (Registered number: NI675305)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

RAR UK 1 LIMITED is a private company , registered in Northern Ireland. 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.

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

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).

RAR UK 1 LIMITED (Registered number: NI675305)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 February 2022 4,728,867
Impairments (2,225 )
At 31 January 2023 4,726,642
NET BOOK VALUE
At 31 January 2023 4,726,642
At 31 January 2022 4,728,867

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Other debtors 23,767 13,661

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade creditors 4,908 2,913
Taxation and social security 19,631 23,663
Other creditors 86,080 39,112
110,619 65,688

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.1.23 31.1.22
£    £   
Other creditors 2,225,000 2,225,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 2,225,000 2,225,000