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REGISTERED NUMBER: 07919833 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2024

FOR

RAS INVESTMENTS LTD

RAS INVESTMENTS LTD (REGISTERED NUMBER: 07919833)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RAS INVESTMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2024







DIRECTOR: R A Street





SECRETARY: B Gray





REGISTERED OFFICE: C/O Ellis Atkins Chartered Accountants
The Atrium Business Centre
Curtis Road
Dorking
Surrey
RH4 1XA





REGISTERED NUMBER: 07919833 (England and Wales)





ACCOUNTANTS: Ellis Atkins
Chartered Accountants
The Atrium Business Centre
Curtis Road
Dorking
Surrey
RH4 1XA

RAS INVESTMENTS LTD (REGISTERED NUMBER: 07919833)

BALANCE SHEET
5 APRIL 2024

5/4/24 5/4/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,270 -
Investments 5 1,242,501 1,189,030
Investment property 6 1,230,000 1,230,000
2,474,771 2,419,030

CURRENT ASSETS
Debtors 7 355,515 256,050
Cash at bank 9,351 4,764
364,866 260,814
CREDITORS
Amounts falling due within one year 8 114,235 14,998
NET CURRENT ASSETS 250,631 245,816
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,725,402

2,664,846

CREDITORS
Amounts falling due after more than one
year

9

(2,064,636

)

(2,132,388

)

PROVISIONS FOR LIABILITIES (36,343 ) (26,749 )
NET ASSETS 624,423 505,709

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve property 10 120,417 120,417
Retained earnings 504,005 385,291
SHAREHOLDERS' FUNDS 624,423 505,709

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2024 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.

RAS INVESTMENTS LTD (REGISTERED NUMBER: 07919833)

BALANCE SHEET - continued
5 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 September 2024 and were signed by:





R A Street - Director


RAS INVESTMENTS LTD (REGISTERED NUMBER: 07919833)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

1. STATUTORY INFORMATION

RAS Investments Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents amounts derived from rent receivable, 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 - 25% on reducing balance

Investment property
In accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" investment properties are revalued annually and the aggregate surplus or deficit is dealt with through the profit and loss account. The gain or loss is transferred to a fair value reserve after adjusting for deferred tax. No depreciation is provided in respect of investment properties.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Fixed asset investments
Changes in the fair value of fixed asset investments are dealt with through the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

RAS INVESTMENTS LTD (REGISTERED NUMBER: 07919833)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 2,657
At 5 April 2024 2,657
DEPRECIATION
Charge for year 387
At 5 April 2024 387
NET BOOK VALUE
At 5 April 2024 2,270

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 6 April 2023 1,189,030
Additions (1 )
Disposals (7,741 )
Revaluations 61,213
At 5 April 2024 1,242,501
NET BOOK VALUE
At 5 April 2024 1,242,501
At 5 April 2023 1,189,030

Cost or valuation at 5 April 2024 is represented by:

Other
investments
£   
Valuation in 2018 (23,022 )
Valuation in 2019 (5,884 )
Valuation in 2020 (150,379 )
Valuation in 2021 152,500
Valuation in 2022 50,478
Valuation in 2023 (46,532 )
Valuation in 2024 61,213
Cost 1,204,127
1,242,501

RAS INVESTMENTS LTD (REGISTERED NUMBER: 07919833)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024

5. FIXED ASSET INVESTMENTS - continued

If fixed asset investments had not been revalued they would have been included at the following historical cost:

5/4/24 5/4/23
£    £   
Cost 1,204,127 1,211,868

Fixed asset investments were valued on an open market basis on 5 April 2024 by Interactive Investor & St James's Place .

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6 April 2023
and 5 April 2024 1,230,000
NET BOOK VALUE
At 5 April 2024 1,230,000
At 5 April 2023 1,230,000

Fair value at 5 April 2024 is represented by:
£   
Valuation in 2022 147,165
Cost 1,082,835
1,230,000

If investment property had not been revalued it would have been included at the following historical cost:

5/4/24 5/4/23
£    £   
Cost 1,082,835 1,082,835

Investment property was valued on an open market basis on 5 April 2024 by the director of the company .

7. DEBTORS
5/4/24 5/4/23
£    £   
Amounts falling due within one year:
Other debtors 5,515 6,050

Amounts falling due after more than one year:
Other debtors 350,000 250,000

Aggregate amounts 355,515 256,050

RAS INVESTMENTS LTD (REGISTERED NUMBER: 07919833)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5/4/24 5/4/23
£    £   
Taxation and social security 9,757 6,974
Other creditors 104,478 8,024
114,235 14,998

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
5/4/24 5/4/23
£    £   
Other creditors 2,064,636 2,132,388

10. RESERVES
Fair
value
reserve
property
£   
At 6 April 2023
and 5 April 2024 120,417

The fair value reserves represent the unrealised gain/(loss) on investment property revaluation after adjusting for deferred tax. The fair value reserves are not distributable.