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REGISTERED NUMBER: 02740421 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Raans Estates Limited

Raans Estates Limited (Registered number: 02740421)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Raans Estates Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: J R Woodley





REGISTERED OFFICE: 17 Lancaster Road
Sarum Business Park
Old Sarum
Salisbury
Wiltshire
SP4 6FB





REGISTERED NUMBER: 02740421 (England and Wales)





ACCOUNTANTS: Rawlence and Browne UDY Limited
T/A Potter and Pollard
Unit 17 Lancaster Road
Sarum Business Park
Old Sarum
Salisbury
Wiltshire
SP4 6FB

Raans Estates Limited (Registered number: 02740421)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 18,517,000 18,517,000

CURRENT ASSETS
Debtors 5 1,177,080 1,267,497
Cash at bank and in hand 100,918 45,345
1,277,998 1,312,842
CREDITORS
Amounts falling due within one year 6 444,004 506,136
NET CURRENT ASSETS 833,994 806,706
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,350,994

19,323,706

CREDITORS
Amounts falling due after more than one
year

7

(10,577,445

)

(10,455,237

)

PROVISIONS FOR LIABILITIES (2,208,940 ) (2,208,940 )
NET ASSETS 6,564,609 6,659,529

CAPITAL AND RESERVES
Called up share capital 1,930,468 1,930,468
Non Distributable reserves 8 9,130,378 9,130,378
Retained earnings (4,496,237 ) (4,401,317 )
6,564,609 6,659,529

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Raans Estates Limited (Registered number: 02740421)

Balance Sheet - continued
30 June 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 director and authorised for issue on 27 March 2025 and were signed by:





J R Woodley - Director


Raans Estates Limited (Registered number: 02740421)

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

1. STATUTORY INFORMATION

Raans Estates 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.

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

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.

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 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 18,517,000
NET BOOK VALUE
At 30 June 2024 18,517,000
At 30 June 2023 18,517,000

Raans Estates Limited (Registered number: 02740421)

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

4. INVESTMENT PROPERTY - continued

Fair value at 30 June 2023 is represented by:

Valuation in 2021 8,525,378
Valuation in 2023 605,000
Cost 9,386,622
18,517,000


The valuation of investment property is by an independent valuer.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 98,143 129,262
Other debtors 1,078,937 1,138,235
1,177,080 1,267,497

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 15,600 85,436
Amounts owed to participating interests 30,160 36,130
Taxation and social security - 1,009
Other creditors 398,244 383,561
444,004 506,136

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 10,577,445 10,455,237

The bank loans and overdrafts are secured by a fixed and floating charge over the company's assets.

8. RESERVES
Non
Distributable
reserves
£   
At 1 July 2023
and 30 June 2024 9,130,378

Raans Estates Limited (Registered number: 02740421)

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

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
G Woodley
Balance outstanding at start of year 320,913 362,594
Amounts repaid (4,734 ) (41,681 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 316,179 320,913

W Woodley
Balance outstanding at start of year 103,887 104,061
Amounts repaid (6,234 ) (174 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 97,653 103,887

10. SUMMARY OF TRANSACTIONS WITH ASSOCIATES

At the year end the company owed Arti & Hu Limited, a company which is controlled by the same director and shareholder as Raans Estates Limited, an amount of £30,160.

During the year, management charges payable of £67,162 were invoiced by Arti & Hu Limited.