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REGISTERED NUMBER: SC287153 (Scotland)















Unaudited Financial Statements For The Year Ended 30 June 2023

for

Raunaq Property Limited

Raunaq Property Limited (Registered number: SC287153)






Contents of the Financial Statements
For The Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Raunaq Property Limited

Company Information
For The Year Ended 30 June 2023







DIRECTORS: C Ali
M Ali
R Ali





REGISTERED OFFICE: 62 Shawmoss Road
Maxwell Park
Glasgow
G41 4AD





REGISTERED NUMBER: SC287153 (Scotland)





ACCOUNTANTS: Ahmad & Nabi Mcmullan
95-107 Lancefield Street
Glasgow
Lanarkshire
G3 8HZ

Raunaq Property Limited (Registered number: SC287153)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 966,174 631,179

CURRENT ASSETS
Debtors 5 12,800 24,800
Cash at bank and in hand 337,566 605,463
350,366 630,263
CREDITORS
Amounts falling due within one year 6 693,417 736,805
NET CURRENT LIABILITIES (343,051 ) (106,542 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

623,123

524,637

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings 8 622,123 523,637
SHAREHOLDERS' FUNDS 623,123 524,637

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

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

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 7 November 2023 and were signed on its behalf by:





M Ali - Director


Raunaq Property Limited (Registered number: SC287153)

Notes to the Financial Statements
For The Year Ended 30 June 2023

1. STATUTORY INFORMATION

Raunaq Property Limited is a private company, limited by shares , registered in Scotland. 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 at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

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 - 1 ).

Raunaq Property Limited (Registered number: SC287153)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 July 2022 631,077 1,521 632,598
Additions 335,097 - 335,097
Disposals - (102 ) (102 )
At 30 June 2023 966,174 1,419 967,593
DEPRECIATION
At 1 July 2022
and 30 June 2023 - 1,419 1,419
NET BOOK VALUE
At 30 June 2023 966,174 - 966,174
At 30 June 2022 631,077 102 631,179

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Deposit with Scottish Power 300 300
Loan to kesra 12,500 12,500
Loan to Zidane - 12,000
12,800 24,800

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Tax 23,107 67,100
Directors loan 662,271 662,177
Rent Deposit 5,475 5,475
Accrued expenses 2,564 2,053
693,417 736,805

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
1,000 Ordinary £1 1,000 1,000

Raunaq Property Limited (Registered number: SC287153)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2023

8. RESERVES
Retained
earnings
£   

At 1 July 2022 523,637
Profit for the year 98,486
At 30 June 2023 622,123