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REGISTERED NUMBER: 03802003 (England and Wales)















RVNV PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024






RVNV PROPERTIES LIMITED (REGISTERED NUMBER: 03802003)

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


RVNV PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: R S Vora
Mrs N Vora





SECRETARY: Mrs N Vora





REGISTERED OFFICE: 2nd Floor, One Hobbs House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX





REGISTERED NUMBER: 03802003 (England and Wales)





ACCOUNTANTS: Albury Associates Limited
2nd Floor, One Hobbs House,
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

RVNV PROPERTIES LIMITED (REGISTERED NUMBER: 03802003)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,669,414 1,582,041

CURRENT ASSETS
Debtors 5 1,048,313 958,960
Investments 6 1,011,092 1,011,092
Cash at bank 52,863 106,571
2,112,268 2,076,623
CREDITORS
Amounts falling due within one year 7 337,279 230,403
NET CURRENT ASSETS 1,774,989 1,846,220
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,444,403

3,428,261

CREDITORS
Amounts falling due after more than one year 8 (1,675,426 ) (1,767,375 )

PROVISIONS FOR LIABILITIES (24,171 ) -
NET ASSETS 1,744,806 1,660,886

CAPITAL AND RESERVES
Called up share capital 10 100 100
Revaluation reserve 11 103,047 -
Retained earnings 11 1,641,659 1,660,786
SHAREHOLDERS' FUNDS 1,744,806 1,660,886

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.

RVNV PROPERTIES LIMITED (REGISTERED NUMBER: 03802003)

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 28 January 2025 and were signed on its behalf by:





R S Vora - Director


RVNV PROPERTIES LIMITED (REGISTERED NUMBER: 03802003)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

RVNV 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property
Plant and machinery etc - Straight line over 3 years

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.

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 ) .

RVNV PROPERTIES LIMITED (REGISTERED NUMBER: 03802003)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 May 2023 1,836,634 12,385 1,849,019
Revaluations 127,218 - 127,218
At 30 April 2024 1,963,852 12,385 1,976,237
DEPRECIATION
At 1 May 2023 258,674 8,304 266,978
Charge for year 39,429 416 39,845
At 30 April 2024 298,103 8,720 306,823
NET BOOK VALUE
At 30 April 2024 1,665,749 3,665 1,669,414
At 30 April 2023 1,577,960 4,081 1,582,041

Cost or valuation at 30 April 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2024 1,836,634 - 1,836,634
Cost 127,218 12,385 139,603
1,963,852 12,385 1,976,237

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 17,455 2,286
Amounts owed by associates 1,012,382 848,244
Other debtors 18,476 108,430
1,048,313 958,960

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Unlisted investments 1,011,092 1,011,092

RVNV PROPERTIES LIMITED (REGISTERED NUMBER: 03802003)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 81,620 72,154
Trade creditors - 124
Taxation and social security 6,248 7,637
Other creditors 249,411 150,488
337,279 230,403

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 1,675,426 1,767,375

Amounts falling due in more than five years:

Repayable by instalments
Bank loans over 5 years 1,214,122 1,346,856

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,757,046 1,839,529

The Bank Loans are secured by way of a fixed charge over the Company's freehold properties and a floating charge over all other assets.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

11. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 May 2023 1,660,786 - 1,660,786
Deficit for the year (19,127 ) (19,127 )
Revaluation during the year - 103,047 103,047
At 30 April 2024 1,641,659 103,047 1,744,706

RVNV PROPERTIES LIMITED (REGISTERED NUMBER: 03802003)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


12. RELATED PARTY DISCLOSURES

At the year end date, included within other debtors, is an amount of £287,207 (2023: £225,226) owed to the company from Stay Healthy Limited.

At the year end date, included within other debtors, is an amount of £29,285 (2023: £85,134) owed to the company from Revital Limited.

At the year end date, included within other debtors, is an amount of £304,092 (2023: £296,892) owed to the company from Asra Management Services LLP.

These amounts are unsecured, interest free and repayable on demand.

At the year end date, included within other creditors, is an amount of £40,682 (2023: £121,198) owed to the director R Vora.

At the year end date, included within other creditors, is an amount of £179,290 (2023: £NIL) owed to the director N Vora.

These amounts are unsecured, interest free and payable on demand.

13. ULTIMATE PARENT COMPANY

Asra Holdings Limited is regarded as the parent company. The directors have a beneficial interest in Asra Holdings Limited.