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REGISTERED NUMBER: 01468297 (England and Wales)















RAYDEN PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024






RAYDEN PROPERTIES LIMITED (REGISTERED NUMBER: 01468297)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RAYDEN PROPERTIES LIMITED

COMPANY INFORMATION
for the year ended 30 April 2024







DIRECTORS: Mrs H Janion
R Janion





SECRETARY: Mrs H Janion





REGISTERED OFFICE: Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS





REGISTERED NUMBER: 01468297 (England and Wales)





ACCOUNTANTS: SMH Sheards
Chartered Accountants
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS

RAYDEN PROPERTIES LIMITED (REGISTERED NUMBER: 01468297)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 317,555 143,000

CURRENT ASSETS
Debtors 5 2,255 1,858
Cash at bank 1,005 43,240
3,260 45,098
CREDITORS
Amounts falling due within one year 6 (140,622 ) (12,568 )
NET CURRENT (LIABILITIES)/ASSETS (137,362 ) 32,530
TOTAL ASSETS LESS CURRENT
LIABILITIES

180,193

175,530

PROVISIONS FOR LIABILITIES 7 (19,373 ) (19,448 )
NET ASSETS 160,820 156,082

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 67,015 66,941
Retained earnings 93,705 89,041
SHAREHOLDERS' FUNDS 160,820 156,082

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

RAYDEN PROPERTIES LIMITED (REGISTERED NUMBER: 01468297)

BALANCE SHEET - continued
30 April 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 Board of Directors and authorised for issue on 20 November 2024 and were signed on its behalf by:





R Janion - Director


RAYDEN PROPERTIES LIMITED (REGISTERED NUMBER: 01468297)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 April 2024


1. STATUTORY INFORMATION

Rayden Properties 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover comprises rental income, recognised in the period to which it relates.

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
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other debtors, and cash and bank balances, are initially measured at transaction price including transaction costs.

Financial assets are assessed for indicators of impairment at each balance sheet date, with any impairment losses being recognised in profit or loss. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed in profit or loss.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including trade and other creditors, and accruals are initially recognised at transaction price.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.

Taxation
Taxation for the year 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.

RAYDEN PROPERTIES LIMITED (REGISTERED NUMBER: 01468297)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024


3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 143,000
Additions 174,555
At 30 April 2024 317,555
NET BOOK VALUE
At 30 April 2024 317,555
At 30 April 2023 143,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2024 317,555

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 231,166 56,612

Investment properties were valued on open market basis on 30 April 2024 by the Directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,050 945
Other debtors 1,205 913
2,255 1,858

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,247 595
Taxation and social security 1,563 2,466
Other creditors 137,812 9,507
140,622 12,568

RAYDEN PROPERTIES LIMITED (REGISTERED NUMBER: 01468297)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024


7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 19,373 19,448

Deferred
tax
£   
Balance at 1 May 2023 19,448
Provided during year (75 )
Balance at 30 April 2024 19,373

8. RESERVES
Fair
value
reserve
£   
At 1 May 2023 66,941
Revaluation of properties 74

At 30 April 2024 67,015

9. RELATED PARTY DISCLOSURES

Loans owing to the directors on an interest free basis of £56,888 (2023: £8,781) were outstanding at the year end. Loans will be repaid when funds permit.

Loans owing to a connected company on an interest free basis of £80,000 (2023: nil) were outstanding at the year end. Loans will be repaid when funds permit.