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REGISTERED NUMBER: 01699460 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Raleigh Hall Properties Limited

Raleigh Hall Properties Limited (Registered number: 01699460)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Raleigh Hall Properties Limited (Registered number: 01699460)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 67,825 76,201
Investment property 5 15,968,620 15,968,620
16,036,445 16,044,821

CURRENT ASSETS
Debtors 6 312,559 300,049
Cash at bank 2,958,228 1,864,275
3,270,787 2,164,324
CREDITORS
Amounts falling due within one year 7 1,202,787 952,159
NET CURRENT ASSETS 2,068,000 1,212,165
TOTAL ASSETS LESS CURRENT LIABILITIES 18,104,445 17,256,986

CREDITORS
Amounts falling due after more than one year 8 (72,721 ) (73,971 )

PROVISIONS FOR LIABILITIES (1,684,859 ) (1,688,003 )
NET ASSETS 16,346,865 15,495,012

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Non-distributable reserve 9 4,762,320 5,143,306
Retained earnings 11,574,545 10,341,706
16,346,865 15,495,012

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

Raleigh Hall Properties Limited (Registered number: 01699460)

Balance Sheet - continued
30 April 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2024 and were signed on its behalf by:





Mrs Amanda Jane Gray - Director


Raleigh Hall Properties Limited (Registered number: 01699460)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Raleigh Hall Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01699460

Registered office: Raleigh Hall Industrial Estate
Eccleshall
Staffs
ST21 6JL

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain fixed assets

Turnover
Turnover comprises revenue recognised by the company in respect of rental supplied during the year, measured in accordance with contractual lease terms and conditions, excluding discounts, rebates and 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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Assets under construction are not depreciated.

Investment property
Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Raleigh Hall Properties Limited (Registered number: 01699460)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 May 2023 219,819 38,686 10,778 269,283
Additions 1,744 1,954 - 3,698
At 30 April 2024 221,563 40,640 10,778 272,981
DEPRECIATION
At 1 May 2023 159,993 23,694 9,395 193,082
Charge for year 9,235 2,493 346 12,074
At 30 April 2024 169,228 26,187 9,741 205,156
NET BOOK VALUE
At 30 April 2024 52,335 14,453 1,037 67,825
At 30 April 2023 59,826 14,992 1,383 76,201

5. INVESTMENT PROPERTY

Investment propertyTotal
£   £   
Valuation
At 1 May 202315,968,62015,968,620
Additions at cost
Surplus on revaluation
Reclassification
At 30 April 202415,968,62015,968,620

The investment properties were revalued by Avison Young - UK, LLP, surveyors and valuers on 2 February 2021, on an open market value for existing use basis. The directors are of the opinion there is no significant difference between the valuation on 2 February 2021 at cost and the market value at 30 April 2024.

If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

20242023
£   £   

Historic cost9,618,8599,618,859


Raleigh Hall Properties Limited (Registered number: 01699460)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 122,233 119,724
Other debtors 65,530 55,529
187,763 175,253

Amounts falling due after more than one year:
Other debtors 124,796 124,796

Aggregate amounts 312,559 300,049

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 32,857 25,326
Taxation and social security 344,967 199,963
Other creditors 824,963 726,870
1,202,787 952,159

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 72,721 73,971

9. RESERVES
Non-distributable
reserve
£   
At 1 May 2023 5,143,306
Fair value adjustments (380,986 )

At 30 April 2024 4,762,320

10. RELATED PARTY DISCLOSURES

Directors' fees of £150,000 (2023: £150,000) are included within administrative expenses.

During the year, the company was charged rent of £141,000 (2023: £115,500) by three of the directors.