IRIS Accounts Production v24.2.0.383 14091940 director 1.4.23 31.3.24 31.3.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh140919402023-03-31140919402024-03-31140919402023-04-012024-03-31140919402022-05-05140919402022-05-062023-03-31140919402023-03-3114091940ns15:EnglandWales2023-04-012024-03-3114091940ns14:PoundSterling2023-04-012024-03-3114091940ns10:Director12023-04-012024-03-3114091940ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3114091940ns10:SmallEntities2023-04-012024-03-3114091940ns10:AuditExemptWithAccountantsReport2023-04-012024-03-3114091940ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3114091940ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3114091940ns10:FullAccounts2023-04-012024-03-3114091940ns10:RegisteredOffice2023-04-012024-03-3114091940ns5:CurrentFinancialInstruments2024-03-3114091940ns5:CurrentFinancialInstruments2023-03-3114091940ns5:Non-currentFinancialInstruments2024-03-3114091940ns5:Non-currentFinancialInstruments2023-03-3114091940ns5:ShareCapital2024-03-3114091940ns5:ShareCapital2023-03-3114091940ns5:RetainedEarningsAccumulatedLosses2024-03-3114091940ns5:RetainedEarningsAccumulatedLosses2023-03-3114091940ns5:ComputerEquipment2023-04-012024-03-3114091940ns5:ComputerEquipment2024-03-3114091940ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-03-3114091940ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-03-3114091940ns5:RetainedEarningsAccumulatedLosses2023-03-3114091940ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31
REGISTERED NUMBER: 14091940 (England and Wales)

















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

RAM VEER PROPERTIES LTD

RAM VEER PROPERTIES LTD (REGISTERED NUMBER: 14091940)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


RAM VEER PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mrs B Unalkat





REGISTERED OFFICE: 505 Pinner Road
Harrow
Middlesex
HA2 6EH





REGISTERED NUMBER: 14091940 (England and Wales)





ACCOUNTANTS: STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
RAM VEER PROPERTIES LTD


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ram Veer Properties Ltd for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Ram Veer Properties Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ram Veer Properties Ltd and state those matters that we have agreed to state to the director of Ram Veer Properties Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ram Veer Properties Ltd and its director for our work or for this report.

It is your duty to ensure that Ram Veer Properties Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ram Veer Properties Ltd. You consider that Ram Veer Properties 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 financial statements of Ram Veer Properties 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 financial statements.






STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH


15 October 2024

RAM VEER PROPERTIES LTD (REGISTERED NUMBER: 14091940)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 933 -
Investment property 5 642,221 642,221
643,154 642,221

CURRENT ASSETS
Cash at bank 15,072 8,856

CREDITORS
Amounts falling due within one year 6 184,714 185,563
NET CURRENT LIABILITIES (169,642 ) (176,707 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

473,512

465,514

CREDITORS
Amounts falling due after more than one year 7 457,530 457,530
NET ASSETS 15,982 7,984

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 15,882 7,884
SHAREHOLDERS' FUNDS 15,982 7,984

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

RAM VEER PROPERTIES LTD (REGISTERED NUMBER: 14091940)

BALANCE SHEET - continued
31 MARCH 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 15 October 2024 and were signed by:





Mrs B Unalkat - Director


RAM VEER PROPERTIES LTD (REGISTERED NUMBER: 14091940)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Ram Veer Properties 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.

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.

Turnover
Turnover represents rent income receivable.

Turnover is recognised when the company has a right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 33.33% on straight line

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

RAM VEER PROPERTIES LTD (REGISTERED NUMBER: 14091940)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 1,400
At 31 March 2024 1,400
DEPRECIATION
Charge for year 467
At 31 March 2024 467
NET BOOK VALUE
At 31 March 2024 933

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 642,221
NET BOOK VALUE
At 31 March 2024 642,221
At 31 March 2023 642,221

In the opinion of the directors the fair value of the investment properties as at 31 March 2024 is not significantly different to that stated above.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 1,657 1,849
Other creditors 183,057 183,714
184,714 185,563

RAM VEER PROPERTIES LTD (REGISTERED NUMBER: 14091940)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 457,530 457,530

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 457,530 457,530

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank Loan 457,530 457,530

The bank loans are secured by a fixed charge over the investment properties of the company. The bank loans are due for repayment in March 2039 and the rate of interest is 3.28% per annum.

9. RESERVES
Retained
earnings
£   

At 1 April 2023 7,884
Profit for the year 7,998
At 31 March 2024 15,882

10. RELATED PARTY DISCLOSURES

At the year end, the company owed £182,097 (2023: £182,753) to the director of the company.