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REGISTERED NUMBER: 13965430 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

Raykot Properties Limited

Raykot Properties Limited (Registered number: 13965430)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Raykot Properties Limited (Registered number: 13965430)

Balance Sheet
31st March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 165,299 158,999

CURRENT ASSETS
Debtors 5 265 -
Cash at bank 13,734 7,869
13,999 7,869
CREDITORS
Amounts falling due within one year 6 163,397 161,891
NET CURRENT LIABILITIES (149,398 ) (154,022 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,901

4,977

CAPITAL AND RESERVES
Called up share capital 7 300 300
Retained earnings 15,601 4,677
SHAREHOLDERS' FUNDS 15,901 4,977

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

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 27th November 2024 and were signed on its behalf by:





D L Kotecha - Director


Raykot Properties Limited (Registered number: 13965430)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. COMPANY INFORMATION

Raykot Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13965430

Registered office: First Floor
The Lexicon
10-12 Mount Street
Manchester
M2 5NT

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the provision of professional services is recognised on delivery of the service.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Raykot Properties Limited (Registered number: 13965430)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023 158,999
Revaluations 6,300
At 31st March 2024 165,299
NET BOOK VALUE
At 31st March 2024 165,299
At 31st March 2023 158,999

Investment property purchased on 21 April 2022, 25 Frederick Street, Widnes, WA8 6PF.

Fair value at 31st March 2024 is represented by:
£   
Valuation in 2024 165,299

If the investment property had not been revalued it would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 158,999 -

The Investment Property was valued on an open market basis on 31st March 2024 by the directors. .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 265 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Tax 2,563 1,097
Directors' current accounts 160,200 160,200
Accrued expenses 634 594
163,397 161,891

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100
100 Ordinary £1 100 100
100 Ordinary £1 100 100
300 300

Raykot Properties Limited (Registered number: 13965430)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

7. CALLED UP SHARE CAPITAL - continued

On incorporation 300 Ordinary shares each of £1 were allotted, called up and fully paid at par.

The ordinary shares confer on the holders the right to vote upon any resolution proposed at any general meeting of the company.

The ordinary Shares rank pari passu in respect of dividend and capital distribution rights.

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31st March 2024 and the period ended 31st March 2023:

31.3.24 31.3.23
£    £   
N D Kotecha
Balance outstanding at start of year (53,400 ) -
Amounts advanced - 100
Amounts repaid - (53,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (53,400 ) (53,400 )

D L Kotecha
Balance outstanding at start of year (53,400 ) -
Amounts advanced - 100
Amounts repaid - (53,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (53,400 ) (53,400 )

A Rayarel
Balance outstanding at start of year (53,400 ) -
Amounts advanced - 100
Amounts repaid - (53,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (53,400 ) (53,400 )

The loan is repayable on demand and no interest was charged during the year.

9. ULTIMATE CONTROLLING PARTY

The company is under the control of all three directors.