Raidos Property Services Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

Raidos Property Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05634003 . The registered office is 21 St Christopher Close, West Bromwich, Birmingham, West Midlands, B70 6TY.

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

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services 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:

Plant & Machinery	25% on straight line basis
Computer Equipment	18% on straight line basis

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

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Raidos Property Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2024

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 2)

4. Tangible Assets

	Investment Properties	Plant & Machinery	Computer Equipment	Total
	£	£	£	£
Cost or Valuation
As at 1 December 2023	3,637,892	4,959	182,450	3,825,301
Additions	-	580	-	580

As at 30 November 2024	3,637,892	5,539	182,450	3,825,881

Depreciation
As at 1 December 2023	-	4,959	98,603	103,562
Provided during the period	-	145	32,841	32,986

As at 30 November 2024	-	5,104	131,444	136,548

Net Book Value
As at 30 November 2024	3,637,892	435	51,006	3,689,333

As at 1 December 2023	3,637,892	-	83,847	3,721,739

Cost or valuation as at 30 November 2024 represented by:

	Investment Properties	Plant & Machinery	Computer Equipment	Total
	£	£	£	£
At cost	1,930,413	5,539	182,450	2,118,402
At valuation	1,707,479	-	-	1,707,479

	3,637,892	5,539	182,450	3,825,881

If the Investment properties had not been revalued, it would have been included at the following historical cost of £1,434,383 plus the improvements of £496,030 as at 30 November 2024

Investment properties were valued by Director as at 30.11.2024.

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Raidos Property Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2024

5. Investments

	Unlisted
	£
Cost or Valuation
As at 1 December 2023	1,000

As at 30 November 2024	1,000

Provision
As at 1 December 2023	-

As at 30 November 2024	-

Net Book Value
As at 30 November 2024	1,000

As at 1 December 2023	1,000

6. Debtors

	2024	2023
	£	£
Due within one year
Other debtors	546,848	511,506
Other taxes and social security	82	116

	546,930	511,622

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	-	30,301
Trade creditors	(1 )	-
Bank loans and overdrafts	8,003	6,000
Other creditors	7,562	7,562
Directors' loan accounts	3,800	-
Amounts owed to group undertakings	6,325	6,425

	25,689	50,288

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Raidos Property Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2024

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	-	32,449
Bank loans	2,025,130	1,975,367
Other loans	400,000	400,000
Directors loan account	121,453	100,935

	2,546,583	2,508,751

9. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	-	30,301
Later than one year and not later than five years	-	32,449

	-	62,750

	-	62,750

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

11. Related Party Transactions

V2M Healthcare Group Ltd (Company number 13186204)

Other Creditors

At the year end, other creditors includes £6,325 owed to V2M Healthcare Group Ltd (Company number 13186204

V2M Pharma Limited (Company number 11490199)

Other Debtors

Included in the other debtors is the recoverable cost of £91,623 from V2M Pharma Limited for using the computer equipment owned by Raidos Property Services Limited.

Trading Continental Ltd (Company number 09556496) and V2M Pharma Ltd (Company number 11490199)

Other Debtors and Other Loans

Included in the other loans is a loan of £400,000 from Trading Continental Ltd (Company number 09556496) received on behalf of V2M Pharma Ltd (Company number 11490199). This loan relationship is between Trading Continental Ltd and V2M Pharma Ltd (an associate of Raidos Property Services Ltd). The loan amount of £400,000 were paid to V2M Pharma Ltd and is reflected in the other debtors.

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Raidos Property Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2024

Henly Arthur Limited (Company number 07453820)

Other Debtors

At the year end, other debtors includes £50,100 owed by Henly Arthur Limited (Company number 07453820)

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		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		3,689,333		3,721,739
Investments	5		1,000		1,000

			3,690,333		3,722,739
CURRENT ASSETS
Debtors	6	546,930		511,622
Cash at bank and in hand		-		5,078

		546,930		516,700
Creditors: Amounts Falling Due Within One Year	7	(25,689 )		(50,288 )

NET CURRENT ASSETS (LIABILITIES)			521,241		466,412

TOTAL ASSETS LESS CURRENT LIABILITIES			4,211,574		4,189,151

Creditors: Amounts Falling Due After More Than One Year	8		(2,546,583 )		(2,508,751 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(324,420 )		(324,420 )

NET ASSETS			1,340,571		1,355,980

CAPITAL AND RESERVES
Called up share capital	10		100		100
Revaluation reserve			1,383,059		1,383,059
Profit and Loss Account			(42,588 )		(27,179 )

SHAREHOLDERS' FUNDS			1,340,571		1,355,980