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REGISTERED NUMBER: 10100462 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

RAMKRI PROPERTY INVESTMENTS LIMITED

RAMKRI PROPERTY INVESTMENTS LIMITED (Registered number: 10100462)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RAMKRI PROPERTY INVESTMENTS LIMITED

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mrs Subba Gontla
Mr Malayadri Venkata Ramakrishna Gontla





REGISTERED OFFICE: 18 Sunningdale
Norwich
NR4 6AQ





REGISTERED NUMBER: 10100462 (England and Wales)





ACCOUNTANTS: Golder Baqa Limited
Ground Floor
1 Baker's Row
London
EC1R 3DB

RAMKRI PROPERTY INVESTMENTS LIMITED (Registered number: 10100462)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,201 1,602
Investment property 5 2,749,575 2,749,575
2,750,776 2,751,177

CURRENT ASSETS
Debtors 6 12,065 23,701
Cash at bank 17,981 11,753
30,046 35,454
CREDITORS
Amounts falling due within one year 7 16,019 11,423
NET CURRENT ASSETS 14,027 24,031
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,764,803

2,775,208

CREDITORS
Amounts falling due after more than one
year

8

1,869,157

1,869,157
NET ASSETS 895,646 906,051

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10 895,546 905,951
895,646 906,051

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

RAMKRI PROPERTY INVESTMENTS LIMITED (Registered number: 10100462)

Balance Sheet - continued
30 April 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 Board of Directors and authorised for issue on 8 January 2025 and were signed on its behalf by:





Mr Malayadri Venkata Ramakrishna Gontla - Director


RAMKRI PROPERTY INVESTMENTS LIMITED (Registered number: 10100462)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

RAMKRI PROPERTY 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents net invoiced sales of services, excluding Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant & machinery - 25% on reducing balance
Fixtures & fittings - 25% 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.

RAMKRI PROPERTY INVESTMENTS LIMITED (Registered number: 10100462)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on anet basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in theassets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies andpreference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired n the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible.

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.


RAMKRI PROPERTY INVESTMENTS LIMITED (Registered number: 10100462)

Notes to the Financial Statements - continued
for the Year Ended 30 April 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant & Fixtures
machinery & fittings Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 1,671 5,000 6,671
DEPRECIATION
At 1 May 2023 736 4,333 5,069
Charge for year 167 234 401
At 30 April 2024 903 4,567 5,470
NET BOOK VALUE
At 30 April 2024 768 433 1,201
At 30 April 2023 935 667 1,602

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 2,749,575
NET BOOK VALUE
At 30 April 2024 2,749,575
At 30 April 2023 2,749,575

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2017 43,700
Cost 2,705,875
2,749,575

RAMKRI PROPERTY INVESTMENTS LIMITED (Registered number: 10100462)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. INVESTMENT PROPERTY - continued

If the investment properties had not been revalued they would have been included at the following historical cost:

30.4.24 30.4.23
£    £   
Cost 2,705,875 2,705,875

Investment properties were valued on an open market basis on 30 April 2022 by one of the Directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 12,065 20,000
Deferred tax asset - 3,701
12,065 23,701

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Corporation tax 10,859 8,422
Directors' loan account - 1
Accrued expenses 5,160 3,000
16,019 11,423

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans more 5 yrs 1,869,157 1,869,157

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs 1,869,157 1,869,157

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 1,869,157 1,869,157

The mortgages are secured against the company's investment properties.

10. RESERVES

Non - distributable reserve's due to property revaluation gain amounting to £43,700 ( 2023: £43,700).

RAMKRI PROPERTY INVESTMENTS LIMITED (Registered number: 10100462)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Loan from directors
During the year, the company was provided with a loan in the sum of £Nil (2023: £1) by Mr M V R Gontla and Mrs S Gontla, the directors of the company. This loan is repayable on demand.