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REGISTERED NUMBER: 06809258 (England and Wales)













RAP Properties Limited

Unaudited Financial Statements

for the Year Ended 28 February 2023






RAP Properties Limited (Registered number: 06809258)






Contents of the Financial Statements
for the year ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RAP Properties Limited

Company Information
for the year ended 28 February 2023







DIRECTOR: A C Bailey





REGISTERED OFFICE: Lymore Villa
162a London Road
Chesterton
Newcastle
Staffordshire
ST5 7JB





REGISTERED NUMBER: 06809258 (England and Wales)





ACCOUNTANTS: Slaters & Co Accountants
Lymore Villa
162a London Road
Chesterton
Newcastle
Staffordshire
ST5 7JB

RAP Properties Limited (Registered number: 06809258)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 619 728
Investment property 5 1,135,044 1,088,416
1,135,663 1,089,144

CURRENT ASSETS
Debtors 6 110 110
Cash at bank and in hand 10,455 8,135
10,565 8,245
CREDITORS
Amounts falling due within one year 7 455,073 396,145
NET CURRENT LIABILITIES (444,508 ) (387,900 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

691,155

701,244

CREDITORS
Amounts falling due after more than one
year

8

541,451

576,198
NET ASSETS 149,704 125,046

CAPITAL AND RESERVES
Called up share capital 99 99
Retained earnings 149,605 124,947
SHAREHOLDERS' FUNDS 149,704 125,046

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

RAP Properties Limited (Registered number: 06809258)

Balance Sheet - continued
28 February 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 director and authorised for issue on 1 November 2023 and were signed by:





A C Bailey - Director


RAP Properties Limited (Registered number: 06809258)

Notes to the Financial Statements
for the year ended 28 February 2023

1. STATUTORY INFORMATION

RAP 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.

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 represents net invoice value of goods / services provided, excluding value added tax.

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 - 15% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 March 2022
and 28 February 2023 5,454
DEPRECIATION
At 1 March 2022 4,726
Charge for year 109
At 28 February 2023 4,835
NET BOOK VALUE
At 28 February 2023 619
At 28 February 2022 728

RAP Properties Limited (Registered number: 06809258)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022 1,088,416
Additions 46,628
At 28 February 2023 1,135,044
NET BOOK VALUE
At 28 February 2023 1,135,044
At 28 February 2022 1,088,416

It is considered that the cost value of the investment properties is fair value.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 110 110

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 60,332 60,332
Trade creditors 51,731 49,200
Taxation and social security 5,810 5,441
Other creditors 337,200 281,172
455,073 396,145

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 541,451 576,198

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 312,124 346,871