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REGISTERED NUMBER: SC534105 (Scotland)




















Raton Properties Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Raton Properties Limited (Registered number: SC534105)






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


Raton Properties Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr A R Hume



REGISTERED OFFICE: 20 Alva Street
Edinburgh
Midlothian
EH2 4PY



REGISTERED NUMBER: SC534105 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: Virgin Money
83 George Street
Edinburgh
EH2 3ES



BANKERS: Banco Sabadell Solbank
Carrer Des Saluet
1 Local 9
07157
Andratx (Islas Baleares)

Raton Properties Limited (Registered number: SC534105)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,850 16,275
Investment property 5 4,500,000 4,500,000
4,510,850 4,516,275

CURRENT ASSETS
Debtors 6 131,929 109,555
Cash at bank 2,761 10,457
134,690 120,012
CREDITORS
Amounts falling due within one year 7 7,288 3,023
NET CURRENT ASSETS 127,402 116,989
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,638,252

4,633,264

CREDITORS
Amounts falling due after more than
one year

8

(4,593,602

)

(4,439,871

)

PROVISIONS FOR LIABILITIES 9 (197,222 ) (197,222 )
NET LIABILITIES (152,572 ) (3,829 )

Raton Properties Limited (Registered number: SC534105)

Balance Sheet - continued
31 March 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 10 668,251 668,251
Retained earnings (820,824 ) (672,081 )
SHAREHOLDERS' FUNDS (152,572 ) (3,829 )

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 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.

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 27 November 2024 and were signed by:





Mr A R Hume - Director


Raton Properties Limited (Registered number: SC534105)

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

1. STATUTORY INFORMATION

Raton Properties Limited is a private company, limited by shares , registered in Scotland. 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 as modified by the revaluation of certain assets.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Investment property
Investment properties are shown at their fair value. Any surplus or deficit arising from changes in fair value are recognised in the profit and loss account for the year. A reduction in value due to fluctuation in the property market conditions is not considered to be permanent.

Deferred taxation is provided on any fair value surplus at the rate expected to apply when the property is sold and at the year end is included in the fair value reserve with the relevant change in fair value.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

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.


Raton Properties Limited (Registered number: SC534105)

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

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern
The financial statements have been prepared on the going concern principle, which assumes that the company will continue to trade in the foreseeable future. In order to do so the company will require the continued support of its director. The director will continue to support the company and is confident of the continued support of the bank and other creditors.

Provisions
Provisions are recognised where the company has a present obligation as a result of a past event, it is probable that the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3. EMPLOYEES AND DIRECTORS

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

Raton Properties Limited (Registered number: SC534105)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 21,700
DEPRECIATION
At 1 April 2023 5,425
Charge for year 5,425
At 31 March 2024 10,850
NET BOOK VALUE
At 31 March 2024 10,850
At 31 March 2023 16,275

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 4,500,000
NET BOOK VALUE
At 31 March 2024 4,500,000
At 31 March 2023 4,500,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2022 841,587
Valuation in 2023 23,886
Cost 3,634,527
4,500,000

Raton Properties Limited (Registered number: SC534105)

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

5. INVESTMENT PROPERTY - continued

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

2024 2023
£    £   
Cost 3,634,527 3,634,527

investment property was valued on an open market basis on 31 March 2024 by the Director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 131,929 109,555

Within other debtors, there is a balance of director's current account which is repayable on demand.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 5,107 -
Other creditors 2,181 3,023
7,288 3,023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings - 42,490
Other creditors 4,593,602 4,397,381
4,593,602 4,439,871

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 197,222 197,222

Raton Properties Limited (Registered number: SC534105)

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

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 197,222
Balance at 31 March 2024 197,222

10. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 668,251

The fair value reserve represents the net revaluation surplus on investment property that is not readily distributable as realised earnings.

11. 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
£    £   
Mr A R Hume
Balance outstanding at start of year 82,208 84,146
Amounts advanced 21,937 17,427
Amounts repaid (4,866 ) (19,365 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 99,279 82,208

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr A R Hume.