REGISTERED NUMBER: 13327623 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

Raleigh Properties Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Simon Charles Henry Coleman

Andrew Lee Page

REGISTERED OFFICE:

Unit 12

Lowestoft Enterprise Park

School Road

Lowestoft

Sufflok

NR33 9NA

REGISTERED NUMBER:

13327623 (England and Wales)

ACCOUNTANTS:

Gillespie & Anderson

Chartered Accountants

Westburn Business Centre

McNee Road

Prestwick

KA9 2PB

FIXED ASSETS

Investment property

4

297,692

297,692

CURRENT ASSETS

Debtors

5

1,532

879

Cash at bank and in hand

16,281

19,386

17,813

20,265

CREDITORS

Amounts falling due within one year

6

314,225

314,180

NET CURRENT LIABILITIES

(296,412

)

(293,915

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,280

3,777

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,180

3,677

SHAREHOLDERS' FUNDS

1,280

3,777

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2025 and were signed on its behalf by:

Simon C H Coleman - Director

Andrew Lee Page - Director

1.	STATUTORY INFORMATION

Raleigh Properties 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

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern

The directors review the working capital requirements of the company on a regular basis to ensure adequate resources are available to meet commitments as they fall due. This takes account of the current income streams and level of expenditure as well as the ongoing financial support provided by the directors and associated companies. Having carried out this review, the directors are of the view that financial resources are adequate and as such the accounts have been prepared on a going concern basis.

Turnover/revenue recognition

Sales comprise the fair value of rents received in the ordinary course of the company's activities.

The company recognises revenue when the amount of revenue and related cost can be reliably measured, it is probable that the collectability of the related receivables is reasonably assured and when the specific criteria for each of the company's activities are met.

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

Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instrument and are classified in accordance with their underlying economic reality. The company has two main categories of financial instruments, which are loans and other receivables and other financial liabilities:

Loans and other receivables

Loans and other receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. Upon recognition, these assets are measured at fair value less directly related transaction expenses. In successive periods these are measured at amortised cost, and any differences between acquisition cost and redemption value is accounted for over the borrowing period by using the effective interest method. If transaction costs are immaterial and the credit period is short, amortised cost is equal to the nominal value less any allowance for credit losses.

Other financial liabilities

Other financial liabilities are recognised initially at fair value, net of transaction costs incurred. In successive periods these are measured at amortised cost. Any differences between acquisition cost and redemption value is accounted for over the borrowing period by using the effective interest method. If transaction costs are immaterial and the credit period is short, amortised cost is equal to the nominal value.

Impairment of financial instruments

A provision for impairment is established when there is objective evidence that, as a result of one or more events that occurred after the initial recognition, the estimated future cash flows have been impacted.

Cash and cash equivalents

Cash and cash equivalents comprise cash held by the company and short term bank deposits with an original maturity of three months or less from inception and are subject to insignificant risk of changes in value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2024

and 30 April 2025

297,692

NET BOOK VALUE

At 30 April 2025

297,692

At 30 April 2024

297,692

The fair value of the property represents the original cost of the property which was purchased in 2021. The directors are of the view that there has been no material change in this value since acquisition.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

1,532

879

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other creditors

314,225

314,180

7.	RELATED PARTY DISCLOSURES

Director's loan account

The company operates a loan account with a director. At the year end, the balance due to the director was £50,000. This loan is unsecured, interest free and has no fixed repayment terms.

Other related party transactions

One of the directors is also a director and the controlling shareholder in a company which has provided loan finance. The balance due to the related party at 30 April 2025 was £247,692 (2024: £247,692). This loan is unsecured and has no fixed repayment terms. Interest is charged on part of this loan balance at 5%.