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Logo On Report
Registered Number: 11496079
England and Wales

 

 

 

RAYIT PROPERTY MANAGEMENT LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 September 2022

End date: 31 August 2023
  2023   2022
    £ £   £ £
Current assets 74,964      45,974   
Creditors: amount falling due within one year (28,069)     (16,932)  
Net current assets   46,895      29,042 
Total assets less current liabilities   46,895      29,042 
Creditors: amount falling due after more than one year   (19,417)     (25,998)
Net assets   27,478      3,044 
 

         
Capital and reserves   27,478      3,044 
 
NOTES TO THE ACCOUNTS

General Information
Rayit Property Management Limited is a private company, limited by shares, registered in England and Wales, registration number 11496079, registration address 188 Mitcham Road, Tooting, SW17 9NJ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.

Average number of employees

Average number of employees during the year was 1 (2022 : 1).

3.

Related parties

During the year the company entered into the following transactions with related parties:
Amount due from/to related party Provision for doubtful debt from the related party
2023
£
 2022
£
 2023
£
 2022
£
Rayit Property Investment Limited10,000 20,000 

At the year end, a balance of £10000 was owed to and associate comapny RAYIT PROPERTY INVESTMENTS LIMITED. The above balance is intesest free with no fixed date for repayment.
4.

Director’s loan

Director Loan Account.

At the year end, a balance of £5904 was owed by the director.
The above balance is interest free with no fixed dates for repayment.

For the year ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 27 November 2024 and were signed by:


--------------------------------
Bhagwant Singh Rayit
Director
1