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REGISTERED NUMBER: 07272315 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

RADVAN ESTATES LTD

RADVAN ESTATES LTD (REGISTERED NUMBER: 07272315)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


RADVAN ESTATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: D Meisels





REGISTERED OFFICE: 4 Ferntower Road
London
N5 2JG





REGISTERED NUMBER: 07272315 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

RADVAN ESTATES LTD (REGISTERED NUMBER: 07272315)

STATEMENT OF FINANCIAL POSITION
31 JULY 2023

31.7.23 31.7.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 845 994
Investment property 5 3,382,435 3,329,881
3,383,280 3,330,875

CURRENT ASSETS
Debtors 6 956,761 956,761
Cash at bank 16 5
956,777 956,766
CREDITORS
Amounts falling due within one year 7 (538,065 ) (468,768 )
NET CURRENT ASSETS 418,712 487,998
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,801,992

3,818,873

CREDITORS
Amounts falling due after more than one
year

8

(2,105,163

)

(2,105,163

)
NET ASSETS 1,696,829 1,713,710

CAPITAL AND RESERVES
Called up share capital 10 1 1
Revaluation reserve 11 1,573,036 1,573,036
Retained earnings 11 123,792 140,673
SHAREHOLDERS' FUNDS 1,696,829 1,713,710

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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.

RADVAN ESTATES LTD (REGISTERED NUMBER: 07272315)

STATEMENT OF FINANCIAL POSITION - continued
31 JULY 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 May 2025 and were signed by:





D Meisels - Director


RADVAN ESTATES LTD (REGISTERED NUMBER: 07272315)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Radvan Estates Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents net rent receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

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 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 August 2022
and 31 July 2023 2,858
DEPRECIATION
At 1 August 2022 1,864
Charge for year 149
At 31 July 2023 2,013
NET BOOK VALUE
At 31 July 2023 845
At 31 July 2022 994

RADVAN ESTATES LTD (REGISTERED NUMBER: 07272315)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022 3,329,881
Additions 52,554
At 31 July 2023 3,382,435
NET BOOK VALUE
At 31 July 2023 3,382,435
At 31 July 2022 3,329,881

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2017 1,573,036
Cost 1,809,399
3,382,435

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors 956,761 956,761

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Taxation and social security 13,932 13,932
Other creditors 524,133 454,836
538,065 468,768

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 2,105,163 2,105,163

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 2,105,163 2,105,163

RADVAN ESTATES LTD (REGISTERED NUMBER: 07272315)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Bank loans 2,105,163 2,105,163

Bank loan is secured by first charge over company's investment properties and bear interest at variable rates.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
1 Ordinary £1 1 1

11. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 August 2022 140,673 1,573,036 1,713,709
Deficit for the year (16,881 ) (16,881 )
At 31 July 2023 123,792 1,573,036 1,696,828

12. ULTIMATE CONTROLLING PARTY

The controlling party is D Meisels.