Registered number
15133848
RAKA Properties Ltd
Filleted Accounts
30 September 2024
RAKA Properties Ltd
Registered number: 15133848
Balance Sheet
as at 30 September 2024
Notes 2024
£
Current assets
Debtors 3 300
Cash at bank and in hand 108,661
108,961
Creditors: amounts falling due within one year 4 (114,171)
Net current liabilities (5,210)
Net liabilities (5,210)
Capital and reserves
Profit and loss account (5,210)
Shareholders' funds (5,210)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
….................................................
R Chekaya
Director
Approved by the board on 7 March 2025
RAKA Properties Ltd
Notes to the Accounts
for the period from 12 September 2023 to 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024
Number
Average number of persons employed by the company 0
3 Debtors 2024
£
Other debtors 300
4 Creditors: amounts falling due within one year 2024
£
Director's account - KS 5,000
Director's account - AS 5,000
Director's account - AC 15,000
Director's account - RC 89,171
114,171
5 Other information
RAKA Properties Ltd is a private company limited by shares and incorporated in England. Its registered office is:
8 New Road
Linslade
Leighton Buzzard
Beds
LU7 2LX
RAKA Properties Ltd 15133848 false 2023-09-12 2024-09-30 2024-09-30 VT Final Accounts July 2024 R Chekaya No description of principal activity 15133848 2023-09-12 2024-09-30 15133848 bus:PrivateLimitedCompanyLtd 2023-09-12 2024-09-30 15133848 bus:AuditExemptWithAccountantsReport 2023-09-12 2024-09-30 15133848 bus:Director40 2023-09-12 2024-09-30 15133848 countries:England 2023-09-12 2024-09-30 15133848 bus:FRS102 2023-09-12 2024-09-30 15133848 bus:FilletedAccounts 2023-09-12 2024-09-30 15133848 2024-09-30 15133848 core:WithinOneYear 2024-09-30 15133848 core:RetainedEarningsAccumulatedLosses 2024-09-30 15133848 2023-09-11 iso4217:GBP xbrli:pure