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Registered number: 03217641
Raytel Investments Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 03217641
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 854 1,139
Investment Properties 5 400,000 400,000
400,854 401,139
CURRENT ASSETS
Debtors 10,001 10,001
Cash at bank and in hand 423,684 429,105
433,685 439,106
Creditors: Amounts Falling Due Within One Year (260,737 ) (271,652 )
NET CURRENT ASSETS (LIABILITIES) 172,948 167,454
TOTAL ASSETS LESS CURRENT LIABILITIES 573,802 568,593
PROVISIONS FOR LIABILITIES
Deferred Taxation (81,196 ) (62,320 )
NET ASSETS 492,606 506,273
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 492,506 506,173
SHAREHOLDERS' FUNDS 492,606 506,273
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Page 2
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 August 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
P Smith
Director
30th May 2025
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Abridged Financial Statements
1. General Information
Raytel Investments 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
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 25% on reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Total
£
Cost
As at 1 September 2023 5,209
As at 31 August 2024 5,209
Depreciation
As at 1 September 2023 4,070
Provided during the period 285
As at 31 August 2024 4,355
Net Book Value
As at 31 August 2024 854
As at 1 September 2023 1,139
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5. Investment Property
2024
£
Fair Value
As at 1 September 2023 and 31 August 2024 400,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 75,218 75,218
The investment property was valued on an open market basis on 31 August 2024 by the director.
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
7. Ultimate Controlling Party
The company's ultimate controlling party is P Smith .
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