Company registration number 10812242 (England and Wales)
RAI Property Limited
UNAUDITED FINANCIAL STATEMENTS
for the year ended 30 June 2024
PAGES FOR FILING WITH REGISTRAR
RAI Property Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
RAI Property Limited
Statement Of Financial Position
as at 30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investment properties
3
180,000
180,000
Investments
4
50
50
180,050
180,050
Current assets
Debtors
110,046
102,746
Cash at bank and in hand
7,260
12,001
117,306
114,747
Creditors: amounts falling due within one year
(143,151)
(142,667)
Net current liabilities
(25,845)
(27,920)
Total assets less current liabilities
154,205
152,130
Creditors: amounts falling due after more than one year
(81,284)
(81,284)
Net assets
72,921
70,846
Capital and reserves
Called up share capital
100
100
Revaluation reserve
31,886
31,886
Profit and loss reserves
40,935
38,860
Total equity
72,921
70,846
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
RAI Property Limited
Statement Of Financial Position (continued)
as at 30 June 2024
- 2 -
The director of the company has elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 18 March 2025
S G Singh
Director
Company Registration No. 10812242
RAI Property Limited
Notes to the financial statements
for the year ended 30 June 2024
- 3 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company.
The financial statements have been prepared under the historical cost convention.
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business.
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
3
Investment property
2024
£
Fair value
At 1 July 2023 and 30 June 2024
180,000
RAI Property Limited
Notes to the financial statements (continued)
for the year ended 30 June 2024
- 4 -
4
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
50
50
5
Company information
RAI Property Limited is a private company limited by shares incorporated in England and Wales. The registered office is 127 Alwoodley Lane, Alwoodley, Leeds, West Yorkshire, LS17 7PG.