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REGISTERED NUMBER: 10031724 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

ST RAPHAEL INVESTMENTS LIMITED

ST RAPHAEL INVESTMENTS LIMITED (REGISTERED NUMBER: 10031724)

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


ST RAPHAEL INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: Mr A L Charalambous





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 10031724 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

ST RAPHAEL INVESTMENTS LIMITED (REGISTERED NUMBER: 10031724)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,069 1,257
Investment property 5 1,753,815 1,753,815
1,754,884 1,755,072

CURRENT ASSETS
Debtors 6 16,840 16,840
Cash at bank and in hand 4,470 2,140
21,310 18,980
CREDITORS
Amounts falling due within one year 7 463,492 457,790
NET CURRENT LIABILITIES (442,182 ) (438,810 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,312,702

1,316,262

CREDITORS
Amounts falling due after more than one
year

8

1,418,507

1,416,958
NET LIABILITIES (105,805 ) (100,696 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings (105,905 ) (100,796 )
SHAREHOLDERS' FUNDS (105,805 ) (100,696 )

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.

ST RAPHAEL INVESTMENTS LIMITED (REGISTERED NUMBER: 10031724)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 November 2024 and were signed by:





Mr A L Charalambous - Director


ST RAPHAEL INVESTMENTS LIMITED (REGISTERED NUMBER: 10031724)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

St Raphael Investments 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 amounts derived from rents charged to tenants during the year, and is recognised at the date the rental period occurred.This is stated after trade discounts and other sales taxes.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

ST RAPHAEL INVESTMENTS LIMITED (REGISTERED NUMBER: 10031724)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 March 2023
and 29 February 2024 2,408
DEPRECIATION
At 1 March 2023 1,151
Charge for year 188
At 29 February 2024 1,339
NET BOOK VALUE
At 29 February 2024 1,069
At 28 February 2023 1,257

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 1,753,815
NET BOOK VALUE
At 29 February 2024 1,753,815
At 28 February 2023 1,753,815

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Amounts due from related companies 16,840 16,840

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 4,826 1,200
Amounts due to related companies 164,181 163,002
Directors' current accounts 290,417 290,417
Accrued expenses 4,068 3,171
463,492 457,790

ST RAPHAEL INVESTMENTS LIMITED (REGISTERED NUMBER: 10031724)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans (see note 9) 1,418,507 1,416,958

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 292,531 291,483

9. LOANS

An analysis of the maturity of loans is given below:

29.2.24 28.2.23
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 1,125,976 1,125,475

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 292,531 291,483

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary shares £1 100 100