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REGISTERED NUMBER: 06569925 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

RA Holdings Limited

RA Holdings Limited (Registered number: 06569925)






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


RA Holdings Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: R E J Williams
A F Thomas
S J Williams
E Thomas





REGISTERED OFFICE: 21 Gold Tops
Newport
South Wales
NP20 4PG





REGISTERED NUMBER: 06569925 (England and Wales)





ACCOUNTANTS: Guilfoyle Sage LLP
Chartered Accountants
21 Gold Tops
Newport
South Wales
NP20 4PG

RA Holdings Limited (Registered number: 06569925)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,058 32,646
Investment property 5 17,678,060 17,911,422
17,700,118 17,944,068

CURRENT ASSETS
Stocks 2,635 2,732
Debtors 6 4,171,445 1,776,180
Cash at bank and in hand 1,699,028 5,345,737
5,873,108 7,124,649
CREDITORS
Amounts falling due within one year 7 713,360 2,971,087
NET CURRENT ASSETS 5,159,748 4,153,562
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,859,866

22,097,630

PROVISIONS FOR LIABILITIES 1,081,528 516,218
NET ASSETS 21,778,338 21,581,412

CAPITAL AND RESERVES
Called up share capital 8 9 9
Retained earnings 21,778,329 21,581,403
SHAREHOLDERS' FUNDS 21,778,338 21,581,412

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.

RA Holdings Limited (Registered number: 06569925)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:




A F Thomas - Director



R E J Williams - Director


RA Holdings Limited (Registered number: 06569925)

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

1. STATEMENT OF COMPLIANCE

The financial statements of R A Holdings Limited have been prepared in compliance with United Kingdom Accounting Standards, including Financial Reporting Standard 102, "The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland" ("FRS 102") and the Companies Act 2006.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention, as modified by the recognition of investment property at fair value.

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.

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

Rents receivable are accounted for as operating lease income and credited to the profit and loss account on a straight line basis over the lease term, with any rental increases recognised during the period to which they relate.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investment property - impairment
Investment property is carried at fair value determined by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the profit and loss account.

Inventories
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost includes actual cost of purchase and other costs incurred in bringing stock to its present condition using the first in first out basis.


RA Holdings Limited (Registered number: 06569925)

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

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
Pension costs represent payments made to employees' personal pension plans in the period, together with payments to a defined contribution scheme for directors.

Contributions payable in the year are charged to the profit and loss account in the period to which they relate.

Non-derivative financial instruments
Financial assets and financial liabilities are recognised in the company's balance sheet when the company becomes a party to the contractual provisions of the instrument.

Non-derivative financial instruments comprise trade and other debtors, cash and cash equivalents, trade and other creditors and interest free loans.

Debtors and creditors with no stated interest rate are receivable or payable within one year and are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Cash and cash equivalents comprise cash at bank and in hand. For the purpose of the cash flow statement cash and cash equivalents are net of bank overdrafts and advances which are repayable on demand.

Loans and borrowings and concessionary loans are initially recognised at transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method less impairment. If an arrangement constitutes a finance transaction it is measured at present value. Loans and borrowings receivable within one year are not discounted.

RA Holdings Limited (Registered number: 06569925)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 52,940
DEPRECIATION
At 1 May 2023 20,294
Charge for year 10,588
At 30 April 2024 30,882
NET BOOK VALUE
At 30 April 2024 22,058
At 30 April 2023 32,646

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 17,911,422
Additions 186,150
Impairments (419,512 )
At 30 April 2024 17,678,060
NET BOOK VALUE
At 30 April 2024 17,678,060
At 30 April 2023 17,911,422

RA Holdings Limited (Registered number: 06569925)

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

5. INVESTMENT PROPERTY - continued

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2016 (634,998 )
Valuation in 2017 (521,670 )
Valuation in 2018 (554,622 )
Valuation in 2019 (554,764 )
Valuation in 2020 (277,366 )
Valuation in 2021 (324,510 )
Valuation in 2022 (402,862 )
Valuation in 2023 (406,792 )
Valuation in 2024 (419,512 )
Cost 21,775,156
17,678,060

The investment property was valued in the year ended 30 April 2016, on a fair value basis by Bidwells LLP, who are independent valuers and hold recognised and relevant professional qualifications and have recent experience in the location and class of the investment property being valued. Since that date, the directors consider that the only material changes in value of the properties are the additional expenditure in developing the sites and the provisions for impairment already included.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 248,183 91,306
Other debtors 3,923,262 1,684,874
4,171,445 1,776,180

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 13,902 148,380
Amounts owed to group undertakings 3,694 500,000
Taxation and social security 338,394 258,365
Other creditors 357,370 2,064,342
713,360 2,971,087

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
9 Ordinary £1 9 9

RA Holdings Limited (Registered number: 06569925)

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

9. CAPITAL COMMITMENTS
30.4.24 30.4.23
£    £   
Contracted but not provided for in the
financial statements - 186,150

10. RELATED PARTY DISCLOSURES

During the year, transactions with those individuals holding a participating interest were as follows:

Income includes loan interest at a commercial rate of interest of £576 (2023:£600).

Amounts owed by those individuals holding a participating interest were as follows:

Included in debtors is an amount of £2,695,437 (2023:£507,405). There is no fixed repayment date on this outstanding balance.

Amounts owed to and by other related parties were as follows:

Included in debtors is an amount of £782,250 (2023:£782,250). There is no fixed repayment date on this outstanding balance.

11. OPERATING LEASE INCOME

Operating leases relate to rental income of poultry units to third parties. Total expected future minimum lease payments receivable under non-cancellable operating leases, subject to break clauses and other terms and conditions, are as follows:

2024 2023
£ £
Not later than one year 1,732,294 1,732,294
Later than one and not later than five years 3,892,111 5,355,218
Later than five years 1,884,309 2,153,496