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Company Registration No. 12758655 (England and Wales)
RALEIGH STREET DEVELOPMENTS LIMITED Unaudited accounts for the year ended 31 July 2024
RALEIGH STREET DEVELOPMENTS LIMITED Unaudited accounts Contents
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RALEIGH STREET DEVELOPMENTS LIMITED Company Information for the year ended 31 July 2024
Director
Warjinder Singh KHAMBA
Company Number
12758655 (England and Wales)
Registered Office
25 LLANBERIS GROVE NOTTINGHAM NG8 5DP ENGLAND
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RALEIGH STREET DEVELOPMENTS LIMITED Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
665,054 
100,365 
Current assets
Debtors
278,974 
2,170 
Cash at bank and in hand
342 
168 
279,316 
2,338 
Creditors: amounts falling due within one year
(40,878)
(650)
Net current assets
238,438 
1,688 
Total assets less current liabilities
903,492 
102,053 
Creditors: amounts falling due after more than one year
(613,962)
(113,981)
Provisions for liabilities
Deferred tax
(89,909)
- 
Net assets/(liabilities)
199,621 
(11,928)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
199,619 
(11,930)
Shareholders' funds
199,621 
(11,928)
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 April 2025 and were signed on its behalf by
Warjinder Singh KHAMBA Director Company Registration No. 12758655
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RALEIGH STREET DEVELOPMENTS LIMITED Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
RALEIGH STREET DEVELOPMENTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12758655. The registered office is 25 LLANBERIS GROVE, NOTTINGHAM, NG8 5DP, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2024 
£ 
Fair value at 1 August 2023
100,365 
Additions
564,689 
At 31 July 2024
665,054 
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RALEIGH STREET DEVELOPMENTS LIMITED Notes to the Accounts for the year ended 31 July 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
170 
Amounts falling due after more than one year
Other debtors
278,974 
2,000 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
39,953 
- 
Trade creditors
650 
375 
Accruals
275 
275 
40,878 
650 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
449,306 
51,070 
Other creditors
164,656 
62,911 
613,962 
113,981 
8
Deferred taxation
2024 
2023 
£ 
£ 
Revaluation of investment property
89,909 
- 
2024 
2023 
£ 
£ 
Charged to the profit and loss account
89,909 
- 
Provision at end of year
89,909 
- 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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