REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 June 2024 |
for |
Raans Estates Limited |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Non Distributable reserves | 8 |
Retained earnings | ( |
) | ( |
) |
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 were approved by the director and authorised for issue on |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 July 2023 |
and 30 June 2024 |
NET BOOK VALUE |
At 30 June 2024 |
At 30 June 2023 |
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 |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.24 | 30.6.23 |
£ | £ |
Trade creditors |
Amounts owed to participating interests | 30,160 | 36,130 |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.6.24 | 30.6.23 |
£ | £ |
Bank loans |
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 |
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. |