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Registered Number: 10396438
England and Wales

 

 

 

RAGNIS PROPERTIES LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 March 2023

End date: 31 March 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Investments 3 620,314    620,314 
620,314    620,314 
Current assets      
Investments 50,000   
Cash at bank and in hand 26,128    29,612 
76,128    29,612 
Creditors: amount falling due within one year (242,909)   (221,041)
Net current assets (166,781)   (191,429)
 
Total assets less current liabilities 453,533    428,885 
Creditors: amount falling due after more than one year (377,400)   (377,400)
Net assets 76,133    51,485 
 

Capital and reserves
     
Called up share capital 4 100    100 
Profit and loss account 76,033    51,385 
Shareholders' funds 76,133    51,485 
 


For the period ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 26 September 2024 and were signed by:


-------------------------------
Kishore Nimmala Govinda
Director
1
General Information
RAGNIS PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10396438, registration address 73 , Skeltons Lane, London, E10 5BT.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises of the rental services provided by the company.
Investment properties
Investment properties are recognised at the balance sheet date at their cost.
Current asset investments
Current asset investments are stated at the lower of cost and net realisable value.
2.

Average number of employees

Average number of employees during the period was 0 (2023 : 0).
3.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 March 2023 620,314    620,314 
Additions  
Transfer to/from tangible fixed assets  
Disposals  
At 31 March 2024 620,314    620,314 

4.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 ORD shares of £1.00 each 100    100 
100    100 

5.

Control

Mr Kishore Nimmala Govinda is the only Director & Shareholder and having ultimate controlling power.
2