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Registered number: 11728337
Raggett Developments Farnham Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Jupp Castle Limited
ACCA
2nd Floor Stanley House
London Road
Hook
Hampshire
RG27 9GA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11728337
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 369,464 29,506
369,464 29,506
CURRENT ASSETS
Debtors 5 1,263 929,161
Cash at bank and in hand 92,512 11,908
93,775 941,069
Creditors: Amounts Falling Due Within One Year 6 (78,083 ) (454,290 )
NET CURRENT ASSETS (LIABILITIES) 15,692 486,779
TOTAL ASSETS LESS CURRENT LIABILITIES 385,156 516,285
Creditors: Amounts Falling Due After More Than One Year 7 (3,338 ) (3,338 )
NET ASSETS 381,818 512,947
CAPITAL AND RESERVES
Called up share capital 8 1 2
Revaluation reserve 9 104,480 -
Capital redemption reserve (430,966 ) -
Profit and Loss Account 708,303 512,945
SHAREHOLDERS' FUNDS 381,818 512,947
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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.
On behalf of the board
Mr Henry Raggett
Director
27 August 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Raggett Developments Farnham Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11728337 . The registered office is 2nd Floor Stanley House, London Road, Hook, Hampshire, RG27 9GA.
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
Rendering of services
Turnover from property development is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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:
Freehold at valuation
Motor Vehicles 25% straight line
Computer Equipment 25% straight line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost or Valuation
As at 1 April 2024 - 40,166 40,166
Additions 245,520 - 245,520
Revaluation 104,480 - 104,480
As at 31 March 2025 350,000 40,166 390,166
Depreciation
As at 1 April 2024 - 10,660 10,660
Provided during the period - 10,042 10,042
As at 31 March 2025 - 20,702 20,702
Net Book Value
As at 31 March 2025 350,000 19,464 369,464
As at 1 April 2024 - 29,506 29,506
5. Debtors
2025 2024
£ £
Due within one year
Amounts recoverable on contracts - 925,030
Other debtors 1,263 4,131
1,263 929,161
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 2,296 3,585
Other creditors 709 429,268
Taxation and social security 75,078 21,437
78,083 454,290
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Amounts owed to participating interests 3,338 3,338
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 2
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Page 5
9. Reserves
Revaluation Reserve
£
Surplus on revaluation 104,480
As at 31 March 2025 104,480
Page 5