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REGISTERED NUMBER: 02897336 (England and Wales)















Financial Statements for the Year Ended 31 July 2024

for

Rapitex Limited

Rapitex Limited (Registered number: 02897336)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Rapitex Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: H Shah
Templewood Consultants Limited





REGISTERED OFFICE: 106-108 Burnt Oak Broadway
Edgware
Middlesex
HA8 0BE





REGISTERED NUMBER: 02897336 (England and Wales)

Rapitex Limited (Registered number: 02897336)

Abridged Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Investment property 4 550,000 550,000

CURRENT ASSETS
Cash at bank 813,690 796,550

CREDITORS
Amounts falling due within one year 74,327 67,779
NET CURRENT ASSETS 739,363 728,771
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,289,363

1,278,771

CREDITORS
Amounts falling due after more than one
year

(350,000

)

(350,000

)

PROVISIONS FOR LIABILITIES (79,321 ) (79,321 )
NET ASSETS 860,042 849,450

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 5 317,285 317,285
Retained earnings 542,657 532,065
SHAREHOLDERS' FUNDS 860,042 849,450

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 directors acknowledge their 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.

Rapitex Limited (Registered number: 02897336)

Abridged Balance Sheet - continued
31 July 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 April 2025 and were signed on its behalf by:





Templewood Consultants Limited - Director


Rapitex Limited (Registered number: 02897336)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Rapitex 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 as modified by the revaluation of certain assets.

Income
Income represents rent receivable.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 550,000
NET BOOK VALUE
At 31 July 2024 550,000
At 31 July 2023 550,000

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2015 326,606
Valuation in 2016 70,000
Cost 153,394
550,000

Investment property was valued on an open market basis on 31 July 2024 by the directors .

5. RESERVES
Fair
value
reserve
£   
At 1 August 2023
and 31 July 2024 317,285