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REGISTERED NUMBER: 08460203 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

RGK PROPERTIES LIMITED

RGK PROPERTIES LIMITED (REGISTERED NUMBER: 08460203)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RGK PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mr R G Kilikita
Ms M Kilikita





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





REGISTERED NUMBER: 08460203 (England and Wales)





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

RGK PROPERTIES LIMITED (REGISTERED NUMBER: 08460203)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,631 2,175
Investments 5 2,624,570 2,358,256
Investment property 6 4,947,960 4,947,960
7,574,161 7,308,391

CURRENT ASSETS
Debtors 7 2,383,797 2,026,797
Cash at bank 630,940 1,366,855
3,014,737 3,393,652
CREDITORS
Amounts falling due within one year 8 6,351,911 6,579,353
NET CURRENT LIABILITIES (3,337,174 ) (3,185,701 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,236,987

4,122,690

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 4,236,985 4,122,688
SHAREHOLDERS' FUNDS 4,236,987 4,122,690

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

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

RGK PROPERTIES LIMITED (REGISTERED NUMBER: 08460203)

BALANCE SHEET - continued
31 JANUARY 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 27 January 2025 and were signed on its behalf by:





Mr R G Kilikita - Director


RGK PROPERTIES LIMITED (REGISTERED NUMBER: 08460203)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Rgk Properties 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

RGK PROPERTIES LIMITED (REGISTERED NUMBER: 08460203)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 February 2023
and 31 January 2024 19,815
DEPRECIATION
At 1 February 2023 17,640
Charge for year 544
At 31 January 2024 18,184
NET BOOK VALUE
At 31 January 2024 1,631
At 31 January 2023 2,175

5. FIXED ASSET INVESTMENTS

31.1.24 31.1.23
£    £   
Loans to undertakings in which the company
has a participating interest

2,624,361

2,358,047
Other investments not loans 209 209
2,624,570 2,358,256

Additional information is as follows:
Unlisted
investments
£   
COST
At 1 February 2023
and 31 January 2024 209
NET BOOK VALUE
At 31 January 2024 209
At 31 January 2023 209
Loans to
Loans to joint
associates ventures Totals
£    £    £   
At 1 February 2023 745,547 1,612,500 2,358,047
New in year 116,314 150,000 266,314
At 31 January 2024 861,861 1,762,500 2,624,361

RGK PROPERTIES LIMITED (REGISTERED NUMBER: 08460203)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 4,947,960
NET BOOK VALUE
At 31 January 2024 4,947,960
At 31 January 2023 4,947,960

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 4,444 7,520
Amounts owed by group undertakings 1,212,120 866,116
Amounts owed by joint ventures - 10,000
Other debtors 1,156,382 1,140,296
Prepayments and accrued income 10,851 2,865
2,383,797 2,026,797

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts (see note 9) 2,374,725 2,374,634
Other loans (see note 9) 648,364 761,408
Trade creditors 232 8,763
Amounts owed to group undertakings 16,905 16,880
Tax 65,712 45,741
Other creditors 69,240 69,240
Directors' current accounts 3,149,594 3,283,840
Deferred income 8,025 6,847
Accrued expenses 19,114 12,000
6,351,911 6,579,353

9. LOANS

An analysis of the maturity of loans is given below:

31.1.24 31.1.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 2,374,725 2,374,634
Other loans 648,364 761,408
3,023,089 3,136,042

RGK PROPERTIES LIMITED (REGISTERED NUMBER: 08460203)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
2 Ordinary shares 1 2 2