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Company Registration No. 12881323 (England and Wales)
Rami Properties Limited Unaudited accounts for the year ended 29 February 2024
Rami Properties Limited Unaudited accounts Contents
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Rami Properties Limited Company Information for the year ended 29 February 2024
Directors
Darshika Patel Bhavin Patel
Company Number
12881323 (England and Wales)
Registered Office
8 YARMOUTH ROAD MANOR FARM BARNS BLOFIELD NORWICH NR13 4JS ENGLAND
Accountants
Accountancy Plus & Payroll People Ltd 9 Langley Street Langley Norwich Norfolk NR14 6DE
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Rami Properties Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
265,000 
260,000 
Current assets
Debtors
225 
1,256 
Cash at bank and in hand
6,645 
8,203 
6,870 
9,459 
Creditors: amounts falling due within one year
(70,927)
(74,112)
Net current liabilities
(64,057)
(64,653)
Total assets less current liabilities
200,943 
195,347 
Creditors: amounts falling due after more than one year
(160,675)
(160,675)
Provisions for liabilities
Deferred tax
(7,159)
(6,209)
Net assets
33,109 
28,463 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
33,009 
28,363 
Shareholders' funds
33,109 
28,463 
For the year ending 29 February 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 directors acknowledge their 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 of Directors and authorised for issue on 20 September 2024 and were signed on its behalf by
Bhavin Patel Director Company Registration No. 12881323
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Rami Properties Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Rami Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 12881323. The registered office is 8 YARMOUTH ROAD MANOR FARM BARNS, BLOFIELD, NORWICH, NR13 4JS, 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.
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.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Financial instruments
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.
4
Investment property
2024 
£ 
Fair value at 1 March 2023
260,000 
Net gain from fair value adjustments
5,000 
At 29 February 2024
265,000 
The 2024 valuations were undertaken by the directors.
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
225 
1,256 
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Rami Properties Limited Notes to the Accounts for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
140 
444 
Loans from directors
70,187 
73,059 
Accruals
600 
609 
70,927 
74,112 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
160,675 
160,675 
The long term creditors represent borrowings against the properties owned by the company. The borrowings are secured against the property into which they relate.
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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