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Registered number: 12420375
Ray Paul Property Limited
Financial Statements
For The Year Ended 31 January 2024
Effective Accounting Solutions Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12420375
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 951,276 322,550
951,276 322,550
CURRENT ASSETS
Debtors 5 2,067 41,508
Cash at bank and in hand 3,338 153,045
5,405 194,553
Creditors: Amounts Falling Due Within One Year 6 (311,331 ) (269,126 )
NET CURRENT ASSETS (LIABILITIES) (305,926 ) (74,573 )
TOTAL ASSETS LESS CURRENT LIABILITIES 645,350 247,977
Creditors: Amounts Falling Due After More Than One Year 7 (655,242 ) (238,390 )
NET (LIABILITIES)/ASSETS (9,892 ) 9,587
CAPITAL AND RESERVES
Called up share capital 8 10 10
Profit and Loss Account (9,902 ) 9,577
SHAREHOLDERS' FUNDS (9,892) 9,587
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Reinis Pauls
Director
22 October 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ray Paul Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12420375 . The registered office is 1 The Willows, Mill Farm Courtyard, Beachampton, Bucks, MK19 6DS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention, as modified by the revaluation of land and buildings and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the companies Act 2006.

The financial statements are prepared in Pounds Sterling as this is the functional currency and currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements are prepared for the period 23 January 2020 to 31 January 2021, as the company was incorporated on 23 January 2020.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Investment Property
2024
£
Fair Value
As at 1 February 2023 322,550
Additions 628,726
As at 31 January 2024 951,276
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 2,067 1,463
Other debtors - 40,045
2,067 41,508
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1
Other creditors 1,000 2,055
Accruals and deferred income 5,336 -
Director's loan account 304,995 267,070
311,331 269,126
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 655,242 238,390
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
Page 4