REGISTERED NUMBER: 14604801 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

RAIEOB PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms R M O Cheney

A Cheney

REGISTERED OFFICE:

2 Frederick Street

Kings Cross

London

WC1X 0ND

REGISTERED NUMBER:

14604801 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Hove) Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Tangible assets

3

322,223

325,598

CURRENT ASSETS

Debtors

4

198

198

Cash at bank

2,192

1,759

2,390

1,957

CREDITORS

Amounts falling due within one year

5

203,795

194,243

NET CURRENT LIABILITIES

(201,405

)

(192,286

)

TOTAL ASSETS LESS CURRENT LIABILITIES

120,818

133,312

CREDITORS

Amounts falling due after more than one year

6

(173,317

)

(173,317

)

PROVISIONS FOR LIABILITIES

7

(1,571

)

(1,866

)

NET LIABILITIES

(54,070

)

(41,871

)

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

(54,270

)

(42,071

)

(54,070

)

(41,871

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Income Statement has not been delivered.

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

A Cheney - Director

Ms R M O Cheney - Director

1.	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.

These financial statements have been prepared on the basis that the company will continue to be a going concern. If this assumption is not considered valid, then adjustments would need to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

in accordance with the property

Improvements to property

-

10% on cost

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.

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.

2.	EMPLOYEES AND DIRECTORS

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

3.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

property

property

Totals

£

£

£

COST

At 1 February 2024

and 31 January 2025

294,053

33,751

327,804

DEPRECIATION

At 1 February 2024

-

2,206

2,206

Charge for year

-

3,375

3,375

At 31 January 2025

-

5,581

5,581

NET BOOK VALUE

At 31 January 2025

294,053

28,170

322,223

At 31 January 2024

294,053

31,545

325,598

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

198

198

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

11,233

11,233

Trade creditors

742

146

Directors' loan accounts

191,131

182,131

Accrued expenses

689

733

203,795

194,243

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

11,233

11,233

Bank loans - 2-5 years

162,084

162,084

173,317

173,317

7.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

1,571

1,866

Deferred

tax

£

Balance at 1 February 2024

1,866

Credit to Income Statement during year

(295

)

Balance at 31 January 2025

1,571

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the period, A Cheney increased his loan to the company. As at 31 January 2025, the company owed him £71,056 (2024: £62,056). This balance represented the maximum amount outstanding during the period and the loan is interest free and repayable on demand.

During the period, Ms R Cheney maintained her loan to the company. As at 31 January 2025, the company owed her £120,075 (2024: £120,075). This balance represented the maximum amount outstanding during the period and the loan is interest free and repayable on demand.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is A Cheney & Ms R M O Cheney.

This was by virtue of their 100% holding of the issued share capital.