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Company Registration No. 13066547 (England and Wales)
RACO VENTURES LTD Unaudited accounts for the year ended 31 December 2024
RACO VENTURES LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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RACO VENTURES LTD Company Information for the year ended 31 December 2024
Directors
Madhavi Sabharwal Naresh Sabharwal
Company Number
13066547 (England and Wales)
Registered Office
146 BROADWAY DIDCOT OX11 8SH ENGLAND
Accountants
Edmil Accountants UK Ltd 146 Broadway Didcot Oxfordshire OX11 8SH
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RACO VENTURES LTD Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
227,769 
232,417 
Current assets
Cash at bank and in hand
8,641 
42,698 
Creditors: amounts falling due within one year
5
(128,558)
(169,851)
Net current liabilities
(119,917)
(127,153)
Total assets less current liabilities
107,852 
105,264 
Creditors: amounts falling due after more than one year
6
(138,031)
(147,983)
Net liabilities
(30,179)
(42,719)
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
(31,179)
(43,719)
Shareholders' funds
(30,179)
(42,719)
For the year ending 31 December 2024 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 September 2025 and were signed on its behalf by
Madhavi Sabharwal Director Company Registration No. 13066547
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RACO VENTURES LTD Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
RACO VENTURES LTD is a private company, limited by shares, registered in England and Wales, registration number 13066547. The registered office is 146 BROADWAY, DIDCOT, OX11 8SH, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% Reducing Balance Basis
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 January 2024
242,000 
At 31 December 2024
242,000 
Depreciation
At 1 January 2024
9,583 
Charge for the year
4,648 
At 31 December 2024
14,231 
Net book value
At 31 December 2024
227,769 
At 31 December 2023
232,417 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
17,815 
18,815 
Other creditors
2,284 
1,495 
Loans from directors
108,459 
149,541 
128,558 
169,851 
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RACO VENTURES LTD Notes to the Accounts for the year ended 31 December 2024
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
138,031 
147,983 
7
Transactions with related parties
At year end, the company owed the sum of £1,08,458 to the Directors. (FY:2023:£1,49,541)
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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