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Registered number: 06497012
Ranjan Properties Limited
Financial Statements
For The Year Ended 28 February 2024
Ranjan Consulting Limited
Chartered Certified Accountants
10 Wallace Fields
Epsom
Surrey
KT17 3AT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06497012
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 21,822 22,052
21,822 22,052
CURRENT ASSETS
Stocks 5 1,000 2,000
Debtors 6 43,605 10,724
Cash at bank and in hand 118 12,163
44,723 24,887
Creditors: Amounts Falling Due Within One Year 7 (39,271 ) (3,280 )
NET CURRENT ASSETS (LIABILITIES) 5,452 21,607
TOTAL ASSETS LESS CURRENT LIABILITIES 27,274 43,659
Creditors: Amounts Falling Due After More Than One Year 8 (21,917 ) (31,832 )
NET ASSETS 5,357 11,827
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 5,355 11,825
SHAREHOLDERS' FUNDS 5,357 11,827
Page 1
Page 2
For the year ending 28 February 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 Kandiah Ranjan
Director
16th November 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ranjan Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06497012 . The registered office is 10 Wallace Fields, Epsom, Surrey, KT17 3AT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0%
Plant & Machinery 20% SLM
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
1 1
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 March 2023 21,592 1,150 22,742
As at 28 February 2024 21,592 1,150 22,742
Depreciation
As at 1 March 2023 - 690 690
Provided during the period - 230 230
As at 28 February 2024 - 920 920
Net Book Value
As at 28 February 2024 21,592 230 21,822
As at 1 March 2023 21,592 460 22,052
5. Stocks
2024 2023
£ £
Materials 1,000 2,000
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 43,605 9,800
Director's loan account - 924
43,605 10,724
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) -
Corporation tax - 161
VAT 65 12
Other creditors 38,305 -
Shareholder loan 337 337
Other creditors - CC 446 446
Accruals and deferred income - 1,100
Director's loan account 119 1,224
39,271 3,280
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 21,917 31,832
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 5