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REGISTERED NUMBER: 06809258 (England and Wales)













RAP Properties Limited

Unaudited Financial Statements

for the Year Ended 29 February 2024






RAP Properties Limited (Registered number: 06809258)






Contents of the Financial Statements
for the year ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RAP Properties Limited

Company Information
for the year ended 29 February 2024







DIRECTOR: A C Bailey





REGISTERED OFFICE: Lymore Villa
162a London Road
Chesterton
Newcastle
Staffordshire
ST5 7JB





REGISTERED NUMBER: 06809258 (England and Wales)





ACCOUNTANTS: Slaters & Co Accountants
Lymore Villa
162a London Road
Chesterton
Newcastle
Staffordshire
ST5 7JB

RAP Properties Limited (Registered number: 06809258)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,134 619
Investment property 5 1,156,747 1,135,044
1,161,881 1,135,663

CURRENT ASSETS
Debtors 6 10,510 110
Cash at bank and in hand 30,666 10,455
41,176 10,565
CREDITORS
Amounts falling due within one year 7 531,631 455,073
NET CURRENT LIABILITIES (490,455 ) (444,508 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

671,426

691,155

CREDITORS
Amounts falling due after more than one
year

8

514,367

541,451
NET ASSETS 157,059 149,704

CAPITAL AND RESERVES
Called up share capital 99 99
Retained earnings 156,960 149,605
SHAREHOLDERS' FUNDS 157,059 149,704

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

RAP Properties Limited (Registered number: 06809258)

Balance Sheet - continued
29 February 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 director and authorised for issue on 21 November 2024 and were signed by:





A C Bailey - Director


RAP Properties Limited (Registered number: 06809258)

Notes to the Financial Statements
for the year ended 29 February 2024

1. STATUTORY INFORMATION

RAP 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.

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.

Turnover
Turnover represents net invoice value of goods / services provided, excluding value added tax.

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 - 15% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 March 2023 - 5,454 5,454
Additions 5,760 - 5,760
At 29 February 2024 5,760 5,454 11,214
DEPRECIATION
At 1 March 2023 - 4,835 4,835
Charge for year 1,152 93 1,245
At 29 February 2024 1,152 4,928 6,080
NET BOOK VALUE
At 29 February 2024 4,608 526 5,134
At 28 February 2023 - 619 619

RAP Properties Limited (Registered number: 06809258)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 1,135,044
Additions 21,703
At 29 February 2024 1,156,747
NET BOOK VALUE
At 29 February 2024 1,156,747
At 28 February 2023 1,135,044

It is considered that the cost value of the investment properties is fair value.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 10,510 110

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 60,332 60,332
Trade creditors 48,541 51,731
Taxation and social security 666 5,810
Other creditors 422,092 337,200
531,631 455,073

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 514,367 541,451

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 285,040 312,124