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REGISTERED NUMBER: 14808603 (England and Wales)







FINANCIAL STATEMENTS

FOR THE PERIOD

17 APRIL 2023 TO 31 MARCH 2024

FOR

RATNAVEL INVESTMENTS LTD

RATNAVEL INVESTMENTS LTD (REGISTERED NUMBER: 14808603)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 17 APRIL 2023 TO 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RATNAVEL INVESTMENTS LTD

COMPANY INFORMATION
FOR THE PERIOD 17 APRIL 2023 TO 31 MARCH 2024







DIRECTOR: Miss Nandhini Ratnavel





REGISTERED OFFICE: 100 Raleigh Drive
London
N20 0XA





REGISTERED NUMBER: 14808603 (England and Wales)





ACCOUNTANTS: BENEDICTS
873 High Road
North Finchley
London
N12 8QA

RATNAVEL INVESTMENTS LTD (REGISTERED NUMBER: 14808603)

BALANCE SHEET
31 MARCH 2024

Notes £    £   
FIXED ASSETS
Investment property 4 6,351,833

CURRENT ASSETS
Debtors 5 3,959
Cash at bank 114,211
118,170
CREDITORS
Amounts falling due within one year 6 69,229
NET CURRENT ASSETS 48,941
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,400,774

CREDITORS
Amounts falling due after more than one
year

7

2,773,160
NET ASSETS 3,627,614

CAPITAL AND RESERVES
Called up share capital 9 1,000
Share premium 10 3,581,174
Retained earnings 10 45,440
SHAREHOLDERS' FUNDS 3,627,614

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

RATNAVEL INVESTMENTS LTD (REGISTERED NUMBER: 14808603)

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 10 October 2024 and were signed by:





Miss Nandhini Ratnavel - Director


RATNAVEL INVESTMENTS LTD (REGISTERED NUMBER: 14808603)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 17 APRIL 2023 TO 31 MARCH 2024

1. STATUTORY INFORMATION

Ratnavel 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

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.

Taxation
Taxation for the period 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.


RATNAVEL INVESTMENTS LTD (REGISTERED NUMBER: 14808603)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 17 APRIL 2023 TO 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 6,355,333
Disposals (3,500 )
At 31 March 2024 6,351,833
NET BOOK VALUE
At 31 March 2024 6,351,833

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 3,959

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation 20,773
Tenant deposits 23,822
Directors' current accounts 3,124
Deferred income 13,410
Accruals 8,100
69,229

RATNAVEL INVESTMENTS LTD (REGISTERED NUMBER: 14808603)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 17 APRIL 2023 TO 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
£   
Bank loans (see note 8) 2,773,160

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 2,773,160

8. LOANS

An analysis of the maturity of loans is given below:

£   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 2,773,160

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
1,000 Ordinary 1 1,000

1,000 Ordinary shares of 1 each were allotted and fully paid for cash at par during the period.

10. RESERVES
Retained Share
earnings premium Totals
£    £    £   

Profit for the period 69,440 69,440
Dividends (24,000 ) (24,000 )
Shares issued - 3,581,174 3,581,174
At 31 March 2024 45,440 3,581,174 3,626,614

11. RELATED PARTY DISCLOSURES

During the period, the company paid dividends of £23,976 to the director.