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REGISTERED NUMBER: 12660007 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Seeta Rayarao Limited

Seeta Rayarao Limited (Registered number: 12660007)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Seeta Rayarao Limited (Registered number: 12660007)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 491,000 470,000

CURRENT ASSETS
Cash at bank 16,422 13,045

CREDITORS
Amounts falling due within one year 5 128,984 107,402
NET CURRENT LIABILITIES (112,562 ) (94,357 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

378,438

375,643

CREDITORS
Amounts falling due after more than
one year

6

243,073

263,073
NET ASSETS 135,365 112,570

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 135,265 112,470
SHAREHOLDERS' FUNDS 135,365 112,570

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Seeta Rayarao Limited (Registered number: 12660007)

Balance Sheet - continued
31 May 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 December 2024 and were signed by:





Dr V S Pandrapragada - Director


Seeta Rayarao Limited (Registered number: 12660007)

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

1. STATUTORY INFORMATION

Seeta Rayarao Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12660007

Registered office: C/o Echo Tax, SPACES Manchester
Peter House
Oxford Street
Manchester
M1 5AN

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.

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.

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 ) .

Seeta Rayarao Limited (Registered number: 12660007)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 470,000
Revaluations 21,000
At 31 May 2024 491,000
NET BOOK VALUE
At 31 May 2024 491,000
At 31 May 2023 470,000

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2022 115,554
Valuation in 2023 (7,000 )
Valuation in 2024 21,000
Cost 361,446
491,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts (see note 7)
10,000

-
Tax 421 683
Directors' current accounts 118,083 106,021
Accrued expenses 480 698
128,984 107,402

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans (see note 7) 243,073 263,073

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 243,073 263,073

Seeta Rayarao Limited (Registered number: 12660007)

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

7. LOANS

An analysis of the maturity of loans is given below:

31.5.24 31.5.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 243,073 263,073

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary £1 100 100

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.5.24 31.5.23
£    £   
Dr V S Pandrapragada
Balance outstanding at start of year (106,021 ) (98,853 )
Amounts advanced 6,845 10,500
Amounts repaid (18,907 ) (17,668 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (118,083 ) (106,021 )

10. ULTIMATE CONTROLLING PARTY

The controlling party is Dr V S Pandrapragada.