1 April 2023 false Taxfiler 2024.5 true 3945829business:PrivateLimitedCompanyLtd2023-04-012024-03-31 39458292023-03-31 39458292023-04-012024-03-31 3945829business:AuditExemptWithAccountantsReport2023-04-012024-03-31 3945829business:FilletedAccounts2023-04-012024-03-31 39458292024-03-31 3945829business:Director12023-04-012024-03-31 3945829business:RegisteredOffice2023-04-012024-03-31 39458292023-03-31 3945829core:WithinOneYear2024-03-31 3945829core:WithinOneYear2023-03-31 3945829core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 3945829core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 3945829core:RevaluationReservecore:PreviouslyStatedAmount2024-03-31 3945829core:RevaluationReservecore:PreviouslyStatedAmount2023-03-31 3945829core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 3945829core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 3945829core:PreviouslyStatedAmount2024-03-31 3945829core:PreviouslyStatedAmount2023-03-31 3945829business:SmallEntities2023-04-012024-03-31 3945829countries:EnglandWales2023-04-012024-03-31 3945829business:OrdinaryShareClass12023-04-012024-03-31 3945829business:OrdinaryShareClass12022-04-012023-03-31 39458292022-04-012023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 3945829 (England and Wales)
RAI HOLDINGS LIMITED Unaudited accounts for the year ended 31 March 2024
RAI HOLDINGS LIMITED Unaudited accounts Contents
Page
- 2 -
RAI HOLDINGS LIMITED Company Information for the year ended 31 March 2024
Director
Mr Richard Ilendo
Company Number
3945829 (England and Wales)
Registered Office
48 Beechcroft Road Bushey Watford Herts WD23 2JU
Accountants
Fielding Accountancy Services Ltd 48 Beechcroft Road Bushey Herts WD23 2JU
- 3 -
RAI HOLDINGS LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
860,000 
860,000 
Investments
100 
100 
860,100 
860,100 
Current assets
Debtors
665,364 
705,364 
Cash at bank and in hand
2,785 
- 
668,149 
705,364 
Creditors: amounts falling due within one year
(51,453)
(88,032)
Net current assets
616,696 
617,332 
Net assets
1,476,796 
1,477,432 
Capital and reserves
Called up share capital
51 
51 
Revaluation reserve
703,760 
703,760 
Profit and loss account
772,985 
773,621 
Shareholders' funds
1,476,796 
1,477,432 
For the year ending 31 March 2024 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 director acknowledges his 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 and authorised for issue on 23 August 2024 and were signed on its behalf by
Mr Richard Ilendo Director Company Registration No. 3945829
- 4 -
RAI HOLDINGS LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
RAI HOLDINGS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 3945829. The registered office is 48 Beechcroft Road, Bushey, Watford, Herts, WD23 2JU.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover comprises rental income from investment property.
4
Investment property
2024 
£ 
Fair value at 1 April 2023
860,000 
At 31 March 2024
860,000 
The investment property was transferred from Rai Developments Ltd on 1st April 2000 at cost, and is included at its latest revaluation at market value, as valued by an outside consultant, Kempton Carr croft Property Consultants of £860000. It had previously been revalued by Sworn & Co. at £635000. The property had been previously revalued by Melville & Co. Valuers at £450000 on 8th August 2002, having been previously revalued at £372000 as at 24th April 2001. Investment properties are stated at cost less provision for diminution in value. The financial statements are a departure from accounting requirements investment properties to be included in the Balance Sheet at their open market value, as the directors do not consider that a revaluation of the company's investment properties for the purpose of these financial statements would be beneficial to the shareholders. No depreciation or amortisation is provided in respect of freehold land and buildings. This treatment is a departure from the requirements of the Companies Act concerning depreciation of fixed assets. However, the freehold land and buildings are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy is therefore necessary for the accounts to give a fair view. Depreciation is only one of the many factors reflected in a valuation and the amount which otherwise might be shown cannot be separately identified or quantified.
- 5 -
RAI HOLDINGS LIMITED Notes to the Accounts for the year ended 31 March 2024
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 April 2023
100 
Valuation at 31 March 2024
100 
FIXED ASSET INVESTMENT Shares in Group Undertaking at cost: at 31 03 2024 £100 at 31 03 2023 £100 The company holds more than 10% of the equity of the following: Name of company: Rai Developments Ltd Country of Origin: UK Holding: 100 Ordinary Shares Proportion Held: 100% Total net profit for the year: £41350 ( 2023 £41350) Under the Equity Method of accounting for Rai Holdings Ltd share of the net assets of the subsidiary is £960773( 2023 £960773)
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
631,864 
677,864 
Other debtors
33,500 
27,500 
665,364 
705,364 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
31 
Other creditors
2,391 
2,258 
Loans from directors
49,062 
85,743 
51,453 
88,032 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
51 Ordinary shares of £1 each
51 
51 
9
Transactions with related parties
Dividends paid during the year £50000 (2023 £40000) to the Director/Shareholder.
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 6 -