Company Registration No. 13021105 (England and Wales)
RAA PROPERTY MANAGEMENT LTD
Unaudited accounts
for the year ended 30 November 2023
RAA PROPERTY MANAGEMENT LTD
Unaudited accounts
Contents
RAA PROPERTY MANAGEMENT LTD
Company Information
for the year ended 30 November 2023
Company Number
13021105 (England and Wales)
Registered Office
7 Lindrick Drive
Leicester
Leicestershire
LE5 5UH
England
Accountants
Khan Islam & Co
117 Whitechapel Road
3rd Floor
London
London
E1 1DT
RAA PROPERTY MANAGEMENT LTD
Accountants' report
Accountants' report to the director of RAA PROPERTY MANAGEMENT LTD on the preparation of the unaudited statutory accounts for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
RAA PROPERTY MANAGEMENT LTD for the year ended
30 November 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of RAA PROPERTY MANAGEMENT LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of RAA PROPERTY MANAGEMENT LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RAA PROPERTY MANAGEMENT LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that RAA PROPERTY MANAGEMENT LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of RAA PROPERTY MANAGEMENT LTD. You consider that RAA PROPERTY MANAGEMENT LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of RAA PROPERTY MANAGEMENT LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Khan Islam & Co
117 Whitechapel Road
3rd Floor
London
London
E1 1DT
27 August 2024
RAA PROPERTY MANAGEMENT LTD
Statement of financial position
as at 30 November 2023
Investment property
193,355
175,384
Cash at bank and in hand
157
522
Creditors: amounts falling due within one year
(450)
(450)
Net current (liabilities)/assets
(293)
72
Total assets less current liabilities
193,062
175,456
Creditors: amounts falling due after more than one year
(195,073)
(175,614)
Net liabilities
(2,011)
(158)
Called up share capital
100
100
Profit and loss account
(2,111)
(258)
Shareholders' funds
(2,011)
(158)
For the year ending 30 November 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 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 27 August 2024 and were signed on its behalf by
Razib HOSSAIN
Director
Company Registration No. 13021105
RAA PROPERTY MANAGEMENT LTD
Notes to the Accounts
for the year ended 30 November 2023
RAA PROPERTY MANAGEMENT LTD is a private company, limited by shares, registered in England and Wales, registration number 13021105. The registered office is 7 Lindrick Drive, Leicester, Leicestershire, LE5 5UH, 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, which is property held to earn rentals and/or for capital appreciation. is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at at market fair value at the reporting end date. The changes in fair value (surplus or deficit on revaluation) are recognised in Profit or loss.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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 December 2022
175,384
Net gain from fair value adjustments
17,971
At 30 November 2023
193,355
RAA PROPERTY MANAGEMENT LTD
Notes to the Accounts
for the year ended 30 November 2023
5
Creditors: amounts falling due within one year
2023
2022
6
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
125,980
125,980
Loans from directors
69,093
49,634
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).