REGISTERED NUMBER: 10608655 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2024

for

RG & HAM Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R Ghapantsyan

REGISTERED OFFICE:

Unit 11 Boston Business Park

Trumpers Way

London

W7 2QA

REGISTERED NUMBER:

10608655 (England and Wales)

ACCOUNTANTS:

AFE Accountants Limited

North London Business Park

Oakleigh Road South

New Southgate

London

N11 1GN

FIXED ASSETS

Tangible assets

4

1,656,003

1,656,003

Investment property

5

890,597

890,597

2,546,600

2,546,600

CURRENT ASSETS

Stocks

-

112,500

Debtors

6

32,533

34,289

Cash at bank

426,108

239,434

458,641

386,223

CREDITORS

Amounts falling due within one year

7

2,833,991

2,806,994

NET CURRENT LIABILITIES

(2,375,350

)

(2,420,771

)

TOTAL ASSETS LESS CURRENT LIABILITIES

171,250

125,829

CREDITORS

Amounts falling due after more than one year

8

20,000

30,000

NET ASSETS

151,250

95,829

CAPITAL AND RESERVES

Called up share capital

99

99

Retained earnings

151,151

95,730

151,250

95,829

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 3 April 2025 and were signed by:

R Ghapantsyan - Director

1.	STATUTORY INFORMATION

RG & HAM Properties 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

Impairment

A review of indicators of impairment is carried out at each reporting date, with the

recoverable amount being estimated where such indicators exist. Where the carrying value

exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are

also reviewed for possible reversals at each reporting date.

Employee benefits

The cost of short-term employee benefits are recongised as a liability and an expense,

unless those costs are required to be recongise as part of the cost of stock or fixed assets.

The cost of any material unused holiday entitlement is recongised in a period in which the

employees services are received.

Termination benefits are recongised immediately as an expense when the company is

demonstrably committed to terminate the employment or to provide termination benefits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 August 2023

and 31 July 2024

1,656,003

NET BOOK VALUE

At 31 July 2024

1,656,003

At 31 July 2023

1,656,003

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 August 2023

and 31 July 2024

890,597

NET BOOK VALUE

At 31 July 2024

890,597

At 31 July 2023

890,597

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.24

31.7.23

£

£

Trade debtors

1,997

-

Other debtors

30,536

34,289

32,533

34,289

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.24

31.7.23

£

£

Trade creditors

12,217

100

Amounts owed to group undertakings

493,866

493,866

Taxation and social security

19,448

4,568

Other creditors

2,308,460

2,308,460

2,833,991

2,806,994

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.24

31.7.23

£

£

Bank loans

20,000

30,000