Rai Properties (Midlands) Limited
Registered number: 04557607
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 655,129 655,161
Current assets
Debtors 4 92,985 92,585
Cash at bank and in hand 3,136 -
96,121 92,585
Creditors: amounts falling due within one year 5 (64,596) (58,884)
Net current assets 31,525 33,701
Total assets less current liabilities 686,654 688,862
Creditors: amounts falling due after more than one year 6 (434,160) (434,160)
Net assets 252,494 254,702
Capital and reserves
Called up share capital 100 100
Revaluation reserve 7 212,607 212,607
Profit and loss account 39,787 41,995
Shareholders' funds 252,494 254,702
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A S Rai
Director
Approved by the board on 10 July 2025
Rai Properties (Midlands) Limited
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the value of rent received during the year.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 20% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 November 2023 655,000 1,865 656,865
At 31 October 2024 655,000 1,865 656,865
Depreciation
At 1 November 2023 - 1,704 1,704
Charge for the year - 32 32
At 31 October 2024 - 1,736 1,736
Net book value
At 31 October 2024 655,000 129 655,129
At 31 October 2023 655,000 161 655,161
4 Debtors 2024 2023
£ £
Other debtors 92,985 92,585
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 32,133 37,338
Corporation tax 1,030 1,030
Other creditors 31,433 20,516
64,596 58,884
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 434,160 434,160
7 Revaluation reserve 2024 2023
£ £
At 1 November 2023 212,607 212,607
At 31 October 2024 212,607 212,607
8 Other information
Rai Properties (Midlands) Limited is a private company limited by shares and incorporated in England. Its registered office is:
358
Bradford Road
Birmigham
West Midlands
B36 9AD
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