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Registration number: 13382208

Rawleigh Property Holdings Limited

Annual Report and Unaudited Financial Statements

for the Period from 1 May 2023 to 31 March 2024

 

Rawleigh Property Holdings Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 8

 

Rawleigh Property Holdings Limited

Company Information




 

Directors







 

Mr HM Heaver

Mrs ASJ Heaver

Registered office










 

Cawley Priory
South Pallant
Chichester
West Sussex
PO19 1SY

Solicitors




 

Foot Anstey LLP
The White Building
1-4 Cumberland Place
Southampton
Hampshire
SO15 2NP









 

Accountants

Blue Spire Limited
Cawley Priory
South Pallant
Chichester
West Sussex
PO19 1SY

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Rawleigh Property Holdings Limited
for the Period Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Rawleigh Property Holdings Limited for the period ended 31 March 2024 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Rawleigh Property Holdings Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Rawleigh Property Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Rawleigh Property Holdings Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rawleigh Property Holdings Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Rawleigh Property Holdings Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Rawleigh Property Holdings Limited . You consider that Rawleigh Property Holdings Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Rawleigh Property Holdings Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Blue Spire Limited
Cawley Priory
South Pallant
Chichester
West Sussex
PO19 1SY

16 July 2024

 

Rawleigh Property Holdings Limited

(Registration number: 13382208)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

8,785,084

8,785,084

Current assets

 

Debtors

5

38,500

102,069

Cash at bank and in hand

 

1,400,355

182

 

1,438,855

102,251

Creditors: Amounts falling due within one year

6

(1,430,949)

(47,109)

Net current assets

 

7,906

55,142

Net assets

 

8,792,990

8,840,226

Capital and reserves

 

Called up share capital

7

8,775,366

8,775,368

Share premium reserve

9,740

9,738

Retained earnings

7,884

55,120

Shareholders' funds

 

8,792,990

8,840,226

For the financial period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 July 2024 and signed on its behalf by:
 

.........................................
Mr HM Heaver
Director

 

Rawleigh Property Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 1 May 2023 to 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Cawley Priory
South Pallant
Chichester
West Sussex
PO19 1SY

These financial statements were authorised for issue by the Board on 16 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Rawleigh Property Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 1 May 2023 to 31 March 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0 (2023 - 0).

4

Investments

2024
£

2023
£

Investments in subsidiaries

8,785,084

8,785,084

Subsidiaries

£

Cost or valuation

At 1 May 2023

8,785,084

Provision

Carrying amount

At 31 March 2024

8,785,084

At 30 April 2023

8,785,084

 

Rawleigh Property Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 1 May 2023 to 31 March 2024

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 5% or more of the nominal value of any class of share capital are as follows:


 

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2024

2023

Subsidiary undertakings

Mecabury Properties Limited
 

27 Esplanade,
St. Helier,
Jersey,
JE4 9XJ

Jersey

Ordinary shares

80.63%

80.63%

JWT Estates Limited
 

Cawley Priory
South Pallant
Chichester
West Sussex
PO19 1SY

England

Ordinary shares

100%

100%

Rawleigh Homes Group Limited
 

Cawley Priory
South Pallant
Chichester
West Sussex
PO19 1SY

England

Ordinary shares

100%

100%

Rawleigh Property Management Limited
 

Cawley Priory
South Pallant
Chichester
West Sussex
PO19 1SY

England

Ordinary shares

100%

100%



 

 

Rawleigh Property Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 1 May 2023 to 31 March 2024

5

Debtors

Note

2024
£

2023
£

Amounts owed by related parties

9

9,000

482

Other debtors

 

-

101,369

Prepayments

 

29,500

218

 

38,500

102,069

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

-

2,205

Amounts owed to group undertakings and undertakings in which the company has a participating interest

9

1,304,950

41,219

Accruals and deferred income

 

3,450

-

Other creditors

 

122,549

3,685

 

1,430,949

47,109

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

8,112,762

8,112,762

8,112,762

8,112,762

Ordinary A shares of £1 each

662,000

662,000

662,000

662,000

Ordinary B shares of £0.01 each

100

1.00

100

1.00

Ordinary C chares of £0.01 each

100

1.00

100

1.00

Ordinary D shares of £0.01 each

15,000

150.00

15,000

150.00

Ordinary E shares of £0.01 each

15,000

150.00

15,000

150.00

Ordinary F shares of £0.01 each

15,000

150.00

15,000

150.00

Ordinary G shares of £0.01 each

15,000

150.00

15,000

150.00

Ordinary H shares of £0.01 each

100

1.00

100

1.00

Ordinary I shares of £0.01 each

100

1.00

100

1.00

Ordinary J shares of £0.01 each

100

1.00

100

1.00

Ordinary K shares of £0.01 each

100

1.00

100

1.00

8,835,362

8,775,368.00

8,835,362

8,775,368.00

 

Rawleigh Property Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 1 May 2023 to 31 March 2024

8

Dividends

2024

2023

£

£

Interim dividend of £0.0396 (2023 - £0.0649) per ordinary share

350,068

569,532

 

 





 

9

Related party transactions

Transactions with directors

2024

At 1 May 2023
£

Advances to director
£

Repayments by director
£

At 31 March 2024
£

Mr HM Heaver

Balance owed (to)/ from director

85,796

245,075

(453,420)

(122,549)

Mrs ASJ Heaver

Balance owed from director

15,573

-

(15,573)

-

2023

At 1 May 2022
£

Advances to director
£

At 30 April 2023
£

Mr HM Heaver

Balance owed (to)/ from director

-

85,796

85,796

Mrs ASJ Heaver

Balance owed from director

-

15,573

15,573

Summary of transactions with subsidiaries

At the balance sheet date the following balances were due;
£743,702 (2023: £6,516) was owed to Mecabury Properties Limited.
£561,248 (2023: £34,703) was owed to JWT Estates Limited.
£9,000 was owed to Rawleigh Property Management Limited.
£0 (2023: £373) was owed to Rawleigh Homes Group Limited.