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Raha Properties Limited

Unaudited Financial Statements for the Year Ended 31 March 2024






Raha Properties Limited (Registered number: 10071491)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Raha Properties Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Dr M G P Raja





REGISTERED OFFICE: 53 Rodney Street
Liverpool
Merseyside
L1 9ER





REGISTERED NUMBER: 10071491 (England and Wales)





ACCOUNTANTS: TCS Accountancy Practice Limited
53 Rodney Street
Liverpool
Merseyside
L1 9ER

Raha Properties Limited (Registered number: 10071491)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 220,000 220,000

CURRENT ASSETS
Debtors 5 4,417 10,915
Cash at bank 7,528 315
11,945 11,230
CREDITORS
Amounts falling due within one year 6 1,000 1,151
NET CURRENT ASSETS 10,945 10,079
TOTAL ASSETS LESS CURRENT
LIABILITIES

230,945

230,079

CREDITORS
Amounts falling due after more than one
year

7

(167,475

)

(167,475

)

PROVISIONS FOR LIABILITIES (21,049 ) (21,049 )
NET ASSETS 42,421 41,555

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 8 58,381 58,381
Retained earnings (15,961 ) (16,827 )
SHAREHOLDERS' FUNDS 42,421 41,555

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Raha Properties Limited (Registered number: 10071491)

Balance Sheet - continued
31 March 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 28 November 2024 and were signed by:





Dr M G P Raja - Director


Raha Properties Limited (Registered number: 10071491)

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

1. STATUTORY INFORMATION

Raha 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 rents receivable.

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.

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.

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 1 (2023 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
COST
At 1 April 2023
and 31 March 2024 220,000
NET BOOK VALUE
At 31 March 2024 220,000
At 31 March 2023 220,000

Raha Properties Limited (Registered number: 10071491)

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

4. INVESTMENT PROPERTY - continued

Investment property was valued using market data by the director on 31st March 2023.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 4,417 10,915

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 151
Other creditors 1,000 1,000
1,000 1,151

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 167,475 167,475

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 167,475 167,475

8. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 58,381

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Dr M G P Raja
Balance outstanding at start of year 8,530 -
Amounts advanced 2,157 8,530
Amounts repaid (8,530 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,157 8,530