Company Registration No. 07490487 (England and Wales)
RIGHTLANE PROPERTIES LTD
Unaudited accounts
for the year ended 31 January 2024
RIGHTLANE PROPERTIES LTD
Unaudited accounts
Contents
RIGHTLANE PROPERTIES LTD
Company Information
for the year ended 31 January 2024
Company Number
07490487 (England and Wales)
Registered Office
135 ROMAN ROAD
LONDON
E2 0QN
RIGHTLANE PROPERTIES LTD
Statement of financial position
as at 31 January 2024
Tangible assets
68,114
72,089
Cash at bank and in hand
28,137
24,566
Creditors: amounts falling due within one year
(45,955)
(27,908)
Net current liabilities
(52,558)
(45,782)
Called up share capital
1
1
Profit and loss account
15,555
26,306
Shareholders' funds
15,556
26,307
For the year ending 31 January 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 2 May 2025 and were signed on its behalf by
FARUK MIAH
Director
Company Registration No. 07490487
RIGHTLANE PROPERTIES LTD
Notes to the Accounts
for the year ended 31 January 2024
RIGHTLANE PROPERTIES LTD is a private company, limited by shares, registered in England and Wales, registration number 07490487. The registered office is 135 ROMAN ROAD, LONDON, E2 0QN.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 February 2023
50,000
439
14,000
36,296
100,735
At 31 January 2024
50,000
439
14,000
36,296
100,735
At 1 February 2023
-
364
2,520
25,762
28,646
Charge for the year
-
13
2,066
1,896
3,975
At 31 January 2024
-
377
4,586
27,658
32,621
At 31 January 2024
50,000
62
9,414
8,638
68,114
At 31 January 2023
50,000
75
11,480
10,534
72,089
Amounts falling due within one year
Trade debtors
43,200
35,500
Accrued income and prepayments
(77,940)
(77,940)
RIGHTLANE PROPERTIES LTD
Notes to the Accounts
for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
44,288
31,733
Loans from directors
867
(5,425)
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).