RAAM PROPERTIES LTD

Company Registration Number:
10233945 (England and Wales)

Unaudited statutory accounts for the year ended 30 December 2023

Period of accounts

Start date: 1 January 2023

End date: 30 December 2023

RAAM PROPERTIES LTD

Contents of the Financial Statements

for the Period Ended 30 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

RAAM PROPERTIES LTD

Directors' report period ended 30 December 2023

The directors present their report with the financial statements of the company for the period ended 30 December 2023

Principal activities of the company

The company's principal activity during the year continued to be of other letting and operating of own or leased real estate.

Additional information

This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Directors

The director shown below has held office during the whole of the period from
1 January 2023 to 30 December 2023

PARMAR, Mukeshkumar Keshavbhai


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
3 March 2024

And signed on behalf of the board by:
Name: PARMAR, Mukeshkumar Keshavbhai
Status: Director

RAAM PROPERTIES LTD

Profit And Loss Account

for the Period Ended 30 December 2023

2023 2022


£

£
Administrative expenses: ( 103,061 ) ( 46,299 )
Operating profit(or loss): 466,466 (46,299)
Interest payable and similar charges: ( 139 ) ( 112 )
Profit(or loss) before tax: 466,327 (46,411)
Tax: ( 1,949 )
Profit(or loss) for the financial year: 464,378 (46,411)

RAAM PROPERTIES LTD

Balance sheet

As at 30 December 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 10,653,810 1,133,096
Total fixed assets: 10,653,810 1,133,096
Current assets
Debtors: 4 74,679 61,108
Cash at bank and in hand: 24,528 17,946
Total current assets: 99,207 79,054
Creditors: amounts falling due within one year: 5 ( 49,521 ) ( 31,287 )
Net current assets (liabilities): 49,686 47,767
Total assets less current liabilities: 10,703,496 1,180,863
Creditors: amounts falling due after more than one year: 6 ( 10,305,272 ) ( 1,247,017 )
Total net assets (liabilities): 398,224 (66,154)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 398,124 (66,254 )
Total Shareholders' funds: 398,224 (66,154)

The notes form part of these financial statements

RAAM PROPERTIES LTD

Balance sheet statements

For the year ending 30 December 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 3 March 2024
and signed on behalf of the board by:

Name: PARMAR, Mukeshkumar Keshavbhai
Status: Director

The notes form part of these financial statements

RAAM PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 30 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life.

RAAM PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 30 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 1

RAAM PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 30 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 1,133,096 1,133,096
Additions 9,520,714 9,520,714
Disposals
Revaluations
Transfers
At 30 December 2023 10,653,810 10,653,810
Depreciation
At 1 January 2023
Charge for year
On disposals
Other adjustments
At 30 December 2023
Net book value
At 30 December 2023 10,653,810 10,653,810
At 31 December 2022 1,133,096 1,133,096

RAAM PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 30 December 2023

4. Debtors

2023 2022
£ £
Trade debtors 70,576 58,348
Other debtors 4,103 2,760
Total 74,679 61,108

RAAM PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 30 December 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 42,974 29,561
Taxation and social security 2,861
Other creditors 3,686 1,726
Total 49,521 31,287

RAAM PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 30 December 2023

6. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Other creditors 10,305,272 1,247,017
Total 10,305,272 1,247,017