Raico Properties Limited 04324261 false 2023-12-01 2024-11-30 2024-11-30 The principal activity of the company is property development. Digita Accounts Production Advanced 6.30.9574.0 true true true 04324261 2023-12-01 2024-11-30 04324261 2024-11-30 04324261 core:CurrentFinancialInstruments 2024-11-30 04324261 core:CurrentFinancialInstruments core:WithinOneYear 2024-11-30 04324261 core:MotorVehicles 2024-11-30 04324261 core:OfficeEquipment 2024-11-30 04324261 core:PlantMachinery 2024-11-30 04324261 bus:SmallEntities 2023-12-01 2024-11-30 04324261 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 04324261 bus:FilletedAccounts 2023-12-01 2024-11-30 04324261 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 04324261 bus:RegisteredOffice 2023-12-01 2024-11-30 04324261 bus:Director2 2023-12-01 2024-11-30 04324261 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 04324261 core:MotorVehicles 2023-12-01 2024-11-30 04324261 core:OfficeEquipment 2023-12-01 2024-11-30 04324261 core:PlantMachinery 2023-12-01 2024-11-30 04324261 1 2023-12-01 2024-11-30 04324261 countries:EnglandWales 2023-12-01 2024-11-30 04324261 2023-11-30 04324261 core:MotorVehicles 2023-11-30 04324261 core:OfficeEquipment 2023-11-30 04324261 core:PlantMachinery 2023-11-30 04324261 2022-12-01 2023-11-30 04324261 2023-11-30 04324261 core:CurrentFinancialInstruments 2023-11-30 04324261 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 04324261 core:MotorVehicles 2023-11-30 04324261 core:OfficeEquipment 2023-11-30 04324261 core:PlantMachinery 2023-11-30 iso4217:GBP xbrli:pure

Registration number: 04324261

Raico Properties Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2024

 

Raico Properties Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Raico Properties Limited

Company Information

Director

B P K Dhoot

Registered office

Connaught House
48 High Street
Slough
Berkshire
SL1 1EL

Accountants

Ardmore Accountancy Limited
Chartered Certified Accountants
Suite 2
Jupiter Business Suites
30a Packhorse Road
Gerrards Cross
Buckinghamshire
SL9 7DA

 

Raico Properties Limited

(Registration number: 04324261)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

45,214

624

Current assets

 

Stocks

5

1,857,312

2,224,958

Debtors

6

2,963,419

3,052,381

Cash at bank and in hand

 

1,885,677

421,111

 

6,706,408

5,698,450

Creditors: Amounts falling due within one year

7

(998,614)

(285,446)

Net current assets

 

5,707,794

5,413,004

Net assets

 

5,753,008

5,413,628

Capital and reserves

 

Called up share capital

100,000

100,000

Share premium reserve

100,000

100,000

Other reserves

1,368,926

1,368,926

Retained earnings

4,184,082

3,844,702

Shareholders' funds

 

5,753,008

5,413,628

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 5 August 2025
 

B P K Dhoot
Director

   
     
 

Raico Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Connaught House
48 High Street
Slough
Berkshire
SL1 1EL

These financial statements were authorised for issue by the director on 5 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts..

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction;
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 

Raico Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% reducing balance basis

Plant and machinery

15% reducing balance basis

Office equipment

25% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised at the transaction price, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Inventories are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing work in progress to its present location and condition. At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of inventories over estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised at the transaction price.

 

Raico Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2023 - 2).

4

Tangible assets

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 December 2023

1,617

-

-

1,617

Additions

-

799

45,450

46,249

At 30 November 2024

1,617

799

45,450

47,866

Depreciation

At 1 December 2023

993

-

-

993

Charge for the year

94

50

1,515

1,659

At 30 November 2024

1,087

50

1,515

2,652

Carrying amount

At 30 November 2024

530

749

43,935

45,214

At 30 November 2023

624

-

-

624

5

Stocks

2024
£

2023
£

Other inventories

1,857,312

2,224,958

 

Raico Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

6

Debtors

Current

2024
£

2023
£

Trade debtors

15,770

29,664

Prepayments

2,208

1,233

Other debtors

2,945,441

3,021,484

 

2,963,419

3,052,381

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

120

-

Amounts owed to related parties

8

186,356

242,428

Taxation and social security

 

114,422

37,992

Accruals and deferred income

 

697,166

4,476

Other creditors

 

550

550

 

998,614

285,446

8

Related party transactions

 

Raico Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Other transactions with the director

The director operates a director's loan account. This loan is interest free and repayable on demand. At the balance sheet date the amount due to the director by the company was £186,356 (2023: £246,311).

9

Parent and ultimate parent undertaking

The company's immediate parent is KKD Holdings Limited, incorporated in England and Wales. The registered office of the parent company is Connaught House, 2nd Floor, 48 High Street, Slough, SL1 1EL.