Company Registration No. 12881323 (England and Wales)
Rami Properties Limited
Unaudited accounts
for the year ended 28 February 2023
Rami Properties Limited
Unaudited accounts
Contents
Rami Properties Limited
Company Information
for the year ended 28 February 2023
Directors
Darshika Patel
Bhavin Patel
Company Number
12881323 (England and Wales)
Registered Office
8 YARMOUTH ROAD MANOR FARM BARNS
BLOFIELD
NORWICH
NR13 4JS
ENGLAND
Rami Properties Limited
Statement of financial position
as at 28 February 2023
Investment property
260,000
227,319
Cash at bank and in hand
8,203
4,861
Creditors: amounts falling due within one year
(74,112)
(73,546)
Net current liabilities
(64,653)
(68,468)
Total assets less current liabilities
195,347
158,851
Creditors: amounts falling due after more than one year
(160,675)
(160,675)
Provisions for liabilities
Net assets/(liabilities)
28,463
(1,824)
Called up share capital
100
100
Profit and loss account
28,363
(1,924)
Shareholders' funds
28,463
(1,824)
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2023 and were signed on its behalf by
Darshika Patel
Director
Company Registration No. 12881323
Rami Properties Limited
Notes to the Accounts
for the year ended 28 February 2023
Rami Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 12881323. The registered office is 8 YARMOUTH ROAD MANOR FARM BARNS, BLOFIELD, NORWICH, NR13 4JS, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Fair value at 1 March 2022
227,319
Net gain from fair value adjustments
32,681
At 28 February 2023
260,000
The 2023 valuations were undertaken by the directors.
Amounts falling due within one year
Accrued income and prepayments
1,256
217
Rami Properties Limited
Notes to the Accounts
for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
444
-
Loans from directors
73,059
73,046
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
160,675
160,675
The long term creditors represent borrowings against the properties owned by the company. The borrowings are secured against the property into which they relate.
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).