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REGISTERED NUMBER: 00707102 (England and Wales)









FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

RAYJON PROPERTY CO. LIMITED

RAYJON PROPERTY CO. LIMITED (REGISTERED NUMBER: 00707102)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RAYJON PROPERTY CO. LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: C L Davis
J M Steiner





REGISTERED OFFICE: 107 Bell Street
London
NW1 6TL





REGISTERED NUMBER: 00707102 (England and Wales)





ACCOUNTANTS: Butters Gates & Company
Chartered Accountants
107 Bell Street
London
NW1 6TL

RAYJON PROPERTY CO. LIMITED (REGISTERED NUMBER: 00707102)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,101,305 1,101,312

CURRENT ASSETS
Debtors 5 79,300 79,300
Cash at bank 66,868 60,494
146,168 139,794
CREDITORS
Amounts falling due within one year 6 12,169 27,422
NET CURRENT ASSETS 133,999 112,372
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,235,304

1,213,684

PROVISIONS FOR LIABILITIES 155,785 155,785
NET ASSETS 1,079,519 1,057,899

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 7 940,627 940,627
Retained earnings 138,792 117,172
SHAREHOLDERS' FUNDS 1,079,519 1,057,899

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 directors acknowledge their 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.

RAYJON PROPERTY CO. LIMITED (REGISTERED NUMBER: 00707102)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2024 and were signed on its behalf by:





C L Davis - Director


RAYJON PROPERTY CO. LIMITED (REGISTERED NUMBER: 00707102)

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

1. STATUTORY INFORMATION

Rayjon Property Co. Limited 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represent gross rents received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

RAYJON PROPERTY CO. LIMITED (REGISTERED NUMBER: 00707102)

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

4. TANGIBLE FIXED ASSETS
Long Improvements Fixtures
leasehold to and Computer
property property fittings equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 April 2023
and 31 March 2024 1,100,000 1,275 3,230 1,128 1,105,633
DEPRECIATION
At 1 April 2023 - - 3,193 1,128 4,321
Charge for year - - 7 - 7
At 31 March 2024 - - 3,200 1,128 4,328
NET BOOK VALUE
At 31 March 2024 1,100,000 1,275 30 - 1,101,305
At 31 March 2023 1,100,000 1,275 37 - 1,101,312

Cost or valuation at 31 March 2024 is represented by:

Long Improvements Fixtures
leasehold to and Computer
property property fittings equipment Totals
£    £    £    £    £   
Valuation in 2004 496,412 - - - 496,412
Valuation in 2019 420,000 - - - 420,000
Valuation in 2023 180,000 - - - 180,000
Cost 3,588 1,275 3,230 1,128 9,221
1,100,000 1,275 3,230 1,128 1,105,633

Long leasehold property was valued on an open market basis on 31 March 2023 by the director of the company .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed by participating interests 77,575 77,575
Other debtors 1,725 1,725
79,300 79,300

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors - 230
Tax 5,246 6,534
Other creditors 1,725 1,725
Directors' loan accounts 3,860 17,595
Accrued expenses 1,338 1,338
12,169 27,422

RAYJON PROPERTY CO. LIMITED (REGISTERED NUMBER: 00707102)

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

7. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 940,627

8. RELATED PARTY DISCLOSURES

At the year end £77,575 was owed from a participating interest undertaking.