Caseware UK (AP4) 2023.0.135 2023.0.135 2025-02-282025-02-282falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2024-03-01No description of principal activity2truetruefalse 09442898 2024-03-01 2025-02-28 09442898 2023-03-01 2024-02-29 09442898 2025-02-28 09442898 2024-02-29 09442898 c:Director2 2024-03-01 2025-02-28 09442898 d:ComputerEquipment 2024-03-01 2025-02-28 09442898 d:ComputerEquipment 2025-02-28 09442898 d:ComputerEquipment 2024-02-29 09442898 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 09442898 d:LeaseholdInvestmentProperty 2025-02-28 09442898 d:LeaseholdInvestmentProperty 2024-02-29 09442898 d:LeaseholdInvestmentProperty 2 2024-03-01 2025-02-28 09442898 d:CurrentFinancialInstruments 2025-02-28 09442898 d:CurrentFinancialInstruments 2024-02-29 09442898 d:CurrentFinancialInstruments d:WithinOneYear 2025-02-28 09442898 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 09442898 d:ShareCapital 2025-02-28 09442898 d:ShareCapital 2024-02-29 09442898 d:InvestmentPropertiesRevaluationReserve 2024-03-01 2025-02-28 09442898 d:InvestmentPropertiesRevaluationReserve 2025-02-28 09442898 d:InvestmentPropertiesRevaluationReserve 2024-02-29 09442898 d:RetainedEarningsAccumulatedLosses 2024-03-01 2025-02-28 09442898 d:RetainedEarningsAccumulatedLosses 2025-02-28 09442898 d:RetainedEarningsAccumulatedLosses 2024-02-29 09442898 d:AcceleratedTaxDepreciationDeferredTax 2025-02-28 09442898 d:AcceleratedTaxDepreciationDeferredTax 2024-02-29 09442898 d:TaxLossesCarry-forwardsDeferredTax 2025-02-28 09442898 d:TaxLossesCarry-forwardsDeferredTax 2024-02-29 09442898 d:OtherDeferredTax 2025-02-28 09442898 d:OtherDeferredTax 2024-02-29 09442898 c:OrdinaryShareClass1 2024-03-01 2025-02-28 09442898 c:OrdinaryShareClass1 2025-02-28 09442898 c:OrdinaryShareClass1 2024-02-29 09442898 c:OrdinaryShareClass2 2024-03-01 2025-02-28 09442898 c:OrdinaryShareClass2 2025-02-28 09442898 c:OrdinaryShareClass2 2024-02-29 09442898 c:OrdinaryShareClass3 2024-03-01 2025-02-28 09442898 c:OrdinaryShareClass3 2025-02-28 09442898 c:OrdinaryShareClass3 2024-02-29 09442898 c:FRS102 2024-03-01 2025-02-28 09442898 c:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 09442898 c:FullAccounts 2024-03-01 2025-02-28 09442898 c:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 09442898 2 2024-03-01 2025-02-28 09442898 6 2024-03-01 2025-02-28 09442898 2 2025-02-28 09442898 2 2024-02-29 09442898 f:PoundSterling 2024-03-01 2025-02-28 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09442898









RAS PROPERTY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2025

 
RAS PROPERTY LIMITED
REGISTERED NUMBER: 09442898

BALANCE SHEET
AS AT 28 FEBRUARY 2025

28 February
29 February
2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
290
579

Investments
 5 
-
73,875

Investment property
 6 
1,105,000
1,080,000

  
1,105,290
1,154,454

Current assets
  

Debtors: amounts falling due within one year
 7 
20,010
38,710

Cash at bank and in hand
 8 
26,487
6,336

  
46,497
45,046

Creditors: amounts falling due within one year
 9 
(749,328)
(842,585)

Net current liabilities
  
 
 
(702,831)
 
 
(797,539)

Total assets less current liabilities
  
402,459
356,915

Provisions for liabilities
  

Deferred tax
 10 
(30,778)
(18,701)

Net assets
  
371,681
338,214


Capital and reserves
  

Called up share capital 
 11 
1,000
1,000

Investment property reserve
 12 
155,433
94,528

Profit and loss account
 12 
215,248
242,686

Total equity
  
371,681
338,214


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
 
Page 1

 
RAS PROPERTY LIMITED
REGISTERED NUMBER: 09442898
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2025


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

R A Sherman
Director
Date: 1 April 2025

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
RAS PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

1.


General information

RAS Property Limited is a private company limited by shares and registered in England and Wales. Its registered office address is Park House, Waterside, Radlett, Hertfordshire, WD7 7DY.
The financial statements are presented in Sterling (£), rounded to the nearest £1.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Going concern

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Revenue represents rent receviable during the period for occupancy of the properties and is recognised at the fair value of the rent receivable.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
RAS PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
33%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 4

 
RAS PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

 
2.8

Valuation of investments

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.13

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash
Page 5

 
RAS PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)


2.13
Financial instruments (continued)

equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

  
2.14

Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

Page 6

 
RAS PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

4.


Tangible fixed assets







Computer equipment

£



Cost or valuation


At 1 March 2024
4,286



At 28 February 2025

4,286



Depreciation


At 1 March 2024
3,707


Charge for the year on owned assets
289



At 28 February 2025

3,996



Net book value



At 28 February 2025
290



At 29 February 2024
579


5.


Fixed asset investments








Unlisted investments

£





At 1 March 2024
73,875


Disposals
(73,875)



At 28 February 2025
-






Net book value



At 28 February 2025
-



At 29 February 2024
73,875

Page 7

 
RAS PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

6.


Investment property





Long term leasehold investment property

£



Valuation


At 1 March 2024
1,080,000


Surplus on revaluation
25,000



At 28 February 2025
1,105,000

The 2025 valuations were made by the directors, on an open market value for existing use basis.




7.


Debtors

28 February
29 February
2025
2024
£
£


Trade debtors
10
-

Other debtors
20,000
38,503

Prepayments and accrued income
-
207

20,010
38,710



8.


Cash and cash equivalents

28 February
29 February
2025
2024
£
£

Cash at bank and in hand
26,487
6,336


Page 8

 
RAS PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

9.


Creditors: Amounts falling due within one year

28 February
29 February
2025
2024
£
£

Corporation tax
6,516
-

Other creditors
740,000
840,010

Accruals and deferred income
2,812
2,575

749,328
842,585



10.


Deferred taxation






2025


£






At beginning of year
(18,701)


Charged to profit or loss
(12,077)



At end of year
(30,778)

The provision for deferred taxation is made up as follows:

28 February
29 February
2025
2024
£
£


Accelerated capital allowances
73
110

Tax losses carried forward
(8,231)
(6,251)

Unrealised gain on investment property
38,936
24,842

30,778
18,701

Page 9

 
RAS PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

11.


Share capital

28 February
29 February
2025
2024
£
£
Allotted, called up and fully paid



425 (2024 - 425) A Ordinary shares of £1.00 each
425
425
425 (2024 - 425) B Ordinary shares of £1.00 each
425
425
150 (2024 - 150) C Ordinary shares of £1.00 each
150
150

1,000

1,000



12.


Reserves

Investment property revaluation reserve

The investment property revaluation reserve relates to the revaluation of the company's investment property, net of deferred tax. The reserve is not distributable.

Profit and loss account

The profit and loss account includes all current and prior period retained profits and losses.

 
Page 10