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REGISTERED NUMBER: 01468297 (England and Wales)















RAYDEN PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023






RAYDEN PROPERTIES LIMITED (REGISTERED NUMBER: 01468297)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 April 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RAYDEN PROPERTIES LIMITED

COMPANY INFORMATION
for the year ended 30 April 2023







DIRECTORS: Mrs H Janion
R Janion





SECRETARY: Mrs H Janion





REGISTERED OFFICE: Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS





REGISTERED NUMBER: 01468297 (England and Wales)





ACCOUNTANTS: Sheards
Chartered Accountants
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS

RAYDEN PROPERTIES LIMITED (REGISTERED NUMBER: 01468297)

BALANCE SHEET
30 April 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investment property 4 143,000 143,000

CURRENT ASSETS
Debtors 5 1,858 2,200
Cash at bank 43,240 32,613
45,098 34,813
CREDITORS
Amounts falling due within one year 6 (12,568 ) (8,795 )
NET CURRENT ASSETS 32,530 26,018
TOTAL ASSETS LESS CURRENT
LIABILITIES

175,530

169,018

PROVISIONS FOR LIABILITIES 7 (19,448 ) (15,013 )
NET ASSETS 156,082 154,005

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 66,941 71,376
Retained earnings 89,041 82,529
SHAREHOLDERS' FUNDS 156,082 154,005

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

RAYDEN PROPERTIES LIMITED (REGISTERED NUMBER: 01468297)

BALANCE SHEET - continued
30 April 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 14 November 2023 and were signed on its behalf by:





R Janion - Director


RAYDEN PROPERTIES LIMITED (REGISTERED NUMBER: 01468297)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 April 2023


1. STATUTORY INFORMATION

Rayden Properties 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover comprises rental income, recognised in the period to which it relates.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2022
and 30 April 2023 143,000
NET BOOK VALUE
At 30 April 2023 143,000
At 30 April 2022 143,000

Fair value at 30 April 2023 is represented by:
£   
Valuation in 2021 143,000

RAYDEN PROPERTIES LIMITED (REGISTERED NUMBER: 01468297)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2023


4. INVESTMENT PROPERTY - continued

If investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 56,612 56,612

Investment properties were valued on open market basis on 30 April 2023 by the Directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 945 1,321
Other debtors 913 879
1,858 2,200

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 595 595
Taxation and social security 2,466 2,568
Other creditors 9,507 5,632
12,568 8,795

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 19,448 15,013

Deferred
tax
£   
Balance at 1 May 2022 15,013
Charge to Income Statement during year 4,435
Balance at 30 April 2023 19,448

8. RESERVES
Fair
value
reserve
£   
At 1 May 2022 71,376
Revaluation of properties (4,435 )

At 30 April 2023 66,941

RAYDEN PROPERTIES LIMITED (REGISTERED NUMBER: 01468297)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2023


9. RELATED PARTY DISCLOSURES

Loans owing to the directors on an interest free basis of £8,781 (2022: £4,906) were outstanding at the year end. Loans will be repaid when funds permit.