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REGISTERED NUMBER: 13891382 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 3 FEBRUARY 2022 TO 31 MARCH 2023

FOR

RAKY HOTELS LTD

RAKY HOTELS LTD (REGISTERED NUMBER: 13891382)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 3 FEBRUARY 2022 TO 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RAKY HOTELS LTD

COMPANY INFORMATION
FOR THE PERIOD 3 FEBRUARY 2022 TO 31 MARCH 2023







DIRECTORS: R Duggal
Mrs A Duggal





REGISTERED OFFICE: 19 Roker Park Avenue
Ickenham
UB10 8ED





REGISTERED NUMBER: 13891382 (England and Wales)





ACCOUNTANTS: Prestons
Chartered Accountants
364-368 Cranbrook Road
Gants Hill
Ilford
Essex
IG2 6HY

RAKY HOTELS LTD (REGISTERED NUMBER: 13891382)

BALANCE SHEET
31 MARCH 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 2,174,527

CURRENT ASSETS
Debtors 5 917,264
Cash at bank 11,810
929,074
CREDITORS
Amounts falling due within one year 6 2,576,243
NET CURRENT LIABILITIES (1,647,169 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

527,358

CREDITORS
Amounts falling due after more than one
year

7

139,782
NET ASSETS 387,576

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 387,476
387,576

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

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

RAKY HOTELS LTD (REGISTERED NUMBER: 13891382)

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 Board of Directors and authorised for issue on 21 September 2023 and were signed on its behalf by:





R Duggal - Director


RAKY HOTELS LTD (REGISTERED NUMBER: 13891382)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 3 FEBRUARY 2022 TO 31 MARCH 2023

1. STATUTORY INFORMATION

Raky Hotels Ltd 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.

Turnover
Turnover is measured as the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the costs of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:

Plant and Machinery - 25% Straight Line

Taxation
Taxation for the period 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.


RAKY HOTELS LTD (REGISTERED NUMBER: 13891382)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 3 FEBRUARY 2022 TO 31 MARCH 2023

2. ACCOUNTING POLICIES - continued
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 period 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 period was NIL.

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
Additions 2,165,479 12,064 2,177,543
At 31 March 2023 2,165,479 12,064 2,177,543
DEPRECIATION
Charge for period - 3,016 3,016
At 31 March 2023 - 3,016 3,016
NET BOOK VALUE
At 31 March 2023 2,165,479 9,048 2,174,527

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 240,264
Other debtors 677,000
917,264

RAKY HOTELS LTD (REGISTERED NUMBER: 13891382)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 3 FEBRUARY 2022 TO 31 MARCH 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 72,631
Amounts owed to group undertakings 1,366,304
Taxation and social security 88,335
Other creditors 1,048,973
2,576,243

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
£   
Other creditors 139,782