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Registration number: 11643114

Raptor Property Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2022

 

Raptor Property Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Raptor Property Ltd

Company Information

Directors

Mr James Stuart Miller

Mr James Duffus

Mr Nicholas William George Birrell

Registered office

12 Ashley Road
Bradford-On-Avon
Wiltshire
BA15 1RN

Accountants

BJP Finance Ltd
Chartered Accountants
34 Market Street
Bradford-On-Avon
Wiltshire
BA15 1LL

 

Raptor Property Ltd

(Registration number: 11643114)
Balance Sheet as at 31 October 2022

Note

2022
£

2021
£

Fixed assets

 

Investments

4

100

100

Current assets

 

Debtors

5

112,450

112,450

Cash at bank and in hand

 

9,182

12,759

 

121,632

125,209

Creditors: Amounts falling due within one year

6

(102,825)

(114,023)

Net current assets

 

18,807

11,186

Net assets

 

18,907

11,286

Capital and reserves

 

Called up share capital

7

3

3

Retained earnings

18,904

11,283

Shareholders' funds

 

18,907

11,286

For the financial year ending 31 October 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 27 October 2023 and signed on its behalf by:
 

.........................................
Mr James Stuart Miller
Director

 

Raptor Property Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2022

1

General information

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

The address of its registered office is:
12 Ashley Road
Bradford-On-Avon
Wiltshire
BA15 1RN
England

These financial statements were authorised for issue by the Board on 27 October 2023.

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 sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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.

 

Raptor Property Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2022

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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 merchandise sold or 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.

Borrowings

 

Raptor Property Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2022

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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 directors) during the year, was 0 (2021 - 0).

4

Investments

2022
£

2021
£

Investments in subsidiaries

100

100

Subsidiaries

£

Cost or valuation

At 1 November 2021

100

Provision

Carrying amount

At 31 October 2022

100

At 31 October 2021

100

5

Debtors

Current

Note

2022
£

2021
£

Amounts owed by related parties

9

112,450

112,450

 

Raptor Property Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2022

6

Creditors

Creditors: amounts falling due within one year

Note

2022
£

2021
£

Due within one year

 

Loans and borrowings

8

98,936

110,936

Trade creditors

 

1,036

-

Taxation and social security

 

1,788

2,127

Accruals and deferred income

 

1,065

960

 

102,825

114,023

7

Share capital

Allotted, called up and fully paid shares

 

2022

2021

 

No.

£

No.

£

Ordinary Shares of £0.01 each

300

3

300

3

         

8

Loans and borrowings

2022
£

2021
£

Current loans and borrowings

Other borrowings

98,936

110,936

 

Raptor Property Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2022

9

Related party transactions

Included within creditors are loans of £68,007 (2021: £80,007) from the directors and members of the Company. These loans are interest-free and repayable on demand.

The Company has a loan of £30,929 (2021: £30,929) from Ahuru Homes Ltd a Company under the control of Mr Simon Frewin, a director and member of Raptor Property Ltd.This loan is interest-free and repayable on demand.

Loans to related parties

2022

Subsidiary
£

Total
£

At start of period

112,450

112,450

At end of period

112,450

112,450

2021

Subsidiary
£

Total
£

At start of period

135,650

135,650

Repaid

(23,200)

(23,200)

At end of period

112,450

112,450

Terms of loans to related parties

Included in debtors is a balance owed by Gator Homes Limited, a 100% subsidiary. This loan is interest-free and repayable on demand.