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REGISTERED NUMBER: 10810871 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

RAS FUTURES LIMITED

RAS FUTURES LIMITED (REGISTERED NUMBER: 10810871)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 November 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RAS FUTURES LIMITED

COMPANY INFORMATION
For The Year Ended 30 November 2024







DIRECTOR: R A Spurling





REGISTERED OFFICE: 4 Office Village
Forder Way
Cygnet Park, Hampton
Peterborough
Cambridgeshire
PE7 8GX





REGISTERED NUMBER: 10810871 (England and Wales)





ACCOUNTANTS: TC CH Limited
4 Office Village
Forder Way
Cygnet Park, Hampton
Peterborough
Cambridgeshire
PE7 8GX

RAS FUTURES LIMITED (REGISTERED NUMBER: 10810871)

BALANCE SHEET
30 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 165,000 560,000

CURRENT ASSETS
Debtors 5 136,148 58
Cash at bank 4,348 2,737
140,496 2,795
CREDITORS
Amounts falling due within one year 6 5,548 401,341
NET CURRENT ASSETS/(LIABILITIES) 134,948 (398,546 )
TOTAL ASSETS LESS CURRENT LIABILITIES 299,948 161,454

CREDITORS
Amounts falling due after more than one
year

7

(82,285

)

(127,676

)

PROVISIONS FOR LIABILITIES 10 (8,956 ) (22,940 )
NET ASSETS 208,707 10,838

CAPITAL AND RESERVES
Called up share capital 11 100 100
Fair value reserve 12 26,867 120,736
Retained earnings 12 181,740 (109,998 )
SHAREHOLDERS' FUNDS 208,707 10,838

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 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.

RAS FUTURES LIMITED (REGISTERED NUMBER: 10810871)

BALANCE SHEET - continued
30 November 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 August 2025 and were signed by:





R A Spurling - Director


RAS FUTURES LIMITED (REGISTERED NUMBER: 10810871)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 November 2024


1. STATUTORY INFORMATION

RAS Futures Limited 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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

No significant judgements (apart from those involving estimations) have been made by management in the process of applying the entity's accounting policies and preparing these financial statements.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There have been no key assumptions or there sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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.

Financial instruments
The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost.

Financial liabilities - trade creditors, accruals and other creditors and basic financial instruments and are measured at amortised cost. Taxation and social security and not included in the financial instruments disclosure definition.

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.

RAS FUTURES LIMITED (REGISTERED NUMBER: 10810871)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 November 2024


2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are initially measured at transaction price less attributable costs and then subsequently measured at amortised costs using EIR. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are initially measured at transaction price less attributable costs. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023 560,000
Disposals (395,000 )
At 30 November 2024 165,000
NET BOOK VALUE
At 30 November 2024 165,000
At 30 November 2023 560,000

The investments properties were valued on an open market basis on 30 November 2021 by the Director.

Fair value at 30 November 2024 is represented by:
£   
Valuation in 2020 8,822
Valuation in 2021 27,000
Cost 129,178
165,000

If had not been revalued would have been included at the following historical cost:

2024 2023
£    £   
Cost 129,178 439,264

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Director's current account 136,148 -
Prepayments - 58
136,148 58

RAS FUTURES LIMITED (REGISTERED NUMBER: 10810871)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 November 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 3,241 9,262
Amounts owed to associates - 341,307
Corporation tax 1,281 -
Director's current account - 49,782
Accruals 1,026 990
5,548 401,341

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 8) 82,285 127,676

Amounts falling due in more than five years:

Repayable by instalments
Bank loans > 5 years 69,320 90,621

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Kent Reliance mortgage 3,241 3,240
Fleet Mortgages mortgage - 6,022
3,241 9,262

Amounts falling due between one and two years:
Bank loans - 1-2 years 3,241 9,264

Amounts falling due between two and five years:
Bank loans - 2-5 years 9,724 27,791

Amounts falling due in more than five years:

Repayable by instalments
Bank loans > 5 years 69,320 90,621

RAS FUTURES LIMITED (REGISTERED NUMBER: 10810871)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 November 2024


9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 85,526 136,938

A fixed charge and negative pledge are held by Onesavings Bank PLC in respect of the mortgage secured against 13 East Avenue, Grantham.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 8,956 22,940

Deferred
tax
£   
Balance at 1 December 2023 22,940
Provided during year (13,984 )
Balance at 30 November 2024 8,956

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
NIL Ordinary £1 - 100
50 Ordinary A £1 50 -
50 Ordinary B £1 50 -
100 100

12. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 December 2023 (109,998 ) 120,736 10,738
Profit for the year 342,868 342,868
Dividends (145,000 ) (145,000 )
Revaluation Reserve 93,870 (93,869 ) 1
At 30 November 2024 181,740 26,867 208,607

RAS FUTURES LIMITED (REGISTERED NUMBER: 10810871)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 November 2024


13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2024 and 30 November 2023:

2024 2023
£    £   
R A Spurling
Balance outstanding at start of year (49,782 ) (39,529 )
Amounts advanced 331,943 -
Amounts repaid (146,013 ) (10,253 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 136,148 (49,782 )