Registered number
04557723
Railton Properties Limited
Unaudited Filleted Accounts
31 October 2024
Railton Properties Limited
Registered number: 04557723
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 271,779 409,538
Current assets
Debtors 4 1,915 1,946
Cash at bank and in hand 37,234 14,752
39,149 16,698
Creditors: amounts falling due within one year 5 (107,337) (229,423)
Net current liabilities (68,188) (212,725)
Net assets 203,591 196,813
Capital and reserves
Called up share capital 100 100
Profit and loss account 203,491 196,713
Shareholders' funds 203,591 196,813
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.
L R Holden
Director
Approved by the board on 17 March 2025
Railton Properties Limited
Notes to the Accounts
for the year ended 31 October 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).
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:
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 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 November 2023 409,538
Disposals (137,759)
At 31 October 2024 271,779
Depreciation
At 31 October 2024 -
Net book value
At 31 October 2024 271,779
At 31 October 2023 409,538
4 Debtors 2024 2023
£ £
Trade debtors 1,489 1,298
Prepayments 426 648
1,915 1,946
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 1,508 1,957
Director's Current Account 105,419 227,066
Other creditors 410 400
107,337 229,423
6 Other information
Railton Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:
Rayghyll
Dacre Banks
Harrogate
HG3 4ED
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