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Company Registration No. 3367511 (England and Wales)
RAI DEVELOPMENTS LIMITED Unaudited accounts for the year ended 31 March 2025
RAI DEVELOPMENTS LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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RAI DEVELOPMENTS LIMITED Company Information for the year ended 31 March 2025
Director
Mr Richard Ilendo
Secretary
Ms I. Rayapen
Company Number
3367511 (England and Wales)
Registered Office
48 Beechcroft Road Bushey Watford Herts WD23 2JU
Accountants
Fielding Accountancy Services Ltd 48 Beechcroft Road Bushey Herts WD23 2JU
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RAI DEVELOPMENTS LIMITED Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
1,289,689
1,274,741
Current assets
Inventories
5
630,500
477,000
Debtors
6
234,532
558,308
Cash at bank and in hand
80,130
259,492
945,162
1,294,800
Creditors: amounts falling due within one year
7
(1,104,118)
(1,387,737)
Net current liabilities
(158,956)
(92,937)
Total assets less current liabilities
1,130,733
1,181,804
Creditors: amounts falling due after more than one year
8
(128,493)
(186,181)
Provisions for liabilities
Deferred tax
9
(61,655)
(45,550)
Net assets
940,585
950,073
Capital and reserves
Called up share capital
10
100
100
Revaluation reserve
355,000
355,000
Profit and loss account
585,485
594,973
Shareholders' funds
940,585
950,073
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 director acknowledges his 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 and authorised for issue on 30 September 2025 and were signed on its behalf by
Mr Richard Ilendo Director Company Registration No. 3367511
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RAI DEVELOPMENTS LIMITED Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
RAI DEVELOPMENTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 3367511. The registered office is 48 Beechcroft Road, Bushey, Watford, Herts, WD23 2JU.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 2024: £5596535 2025: £5540624
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:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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RAI DEVELOPMENTS LIMITED Notes to the Accounts for the year ended 31 March 2025
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due. Pension Contributions include contributions under the Workplace Pension Auto Enrolment Scheme.
Going concern
These Financial Statements have been prepared on a going concern basis.
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RAI DEVELOPMENTS LIMITED Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
1,035,000
494,129
108,070
1,637,199
Additions
-
71,082
-
71,082
At 31 March 2025
1,035,000
565,211
108,070
1,708,281
Depreciation
At 1 April 2024
-
325,823
36,635
362,458
Charge for the year
-
41,847
14,287
56,134
At 31 March 2025
-
367,670
50,922
418,592
Net book value
At 31 March 2025
1,035,000
197,541
57,148
1,289,689
At 31 March 2024
1,035,000
168,306
71,435
1,274,741
Freehold Property Note No depreciation or amortisation is provided in respect of freehold land and buildings. This treatment is a departure from the requirements of the Companies Act concerning depreciation of fixed assets. However,the freehold land and buildings are not held for consumption but for investment in the long term, and the director considers that systematic annual depreciation would be inappropriate. The accounting policy is therefore necessary for the accounts to give a true and fair view. Depreciation is only one of the many factors reflected in the annual valuation, and the amount which might otherwise have been shown cannot be separately identified or quantified. During 2022, the Freehold Property was revalued by Kempton Carr Croft, Property Consultants at a total Market Value of £1035000, as now reflected at note 6 to the accounts. No other significant change in this value has arisen during this financial year, and the Director considers that the property has been shown at Fair Value.
5
Inventories
2025
2024
£
£
Raw materials
29,000
28,500
Work in progress
601,500
448,500
630,500
477,000
Stock of materials and fixings etc £29000 (2024 £28500) Work in Progress and Retentions £601500 (2024 £448500)
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
183,032
532,808
Other debtors
51,500
25,500
234,532
558,308
- 7 -
RAI DEVELOPMENTS LIMITED Notes to the Accounts for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
76,956
76,463
Trade creditors
175,616
191,712
Amounts owed to group undertakings and other participating interests
612,613
647,864
Taxes and social security
170,181
424,879
Other creditors
61,442
41,319
Loans from directors
7,310
5,500
1,104,118
1,387,737
Bank loans and overdrafts are secured Long Term Creditors include £7636 ( 2024 £15536) Bounce Back Loan
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
120,857
170,825
Other creditors
7,636
15,356
128,493
186,181
Bank loans and overdrafts are secured
9
Deferred taxation
2025
2024
£
£
Accelerated capital allowances
61,655
45,550
2025
2024
£
£
Provision at start of year
45,550
32,848
Charged to the profit and loss account
16,105
12,702
Provision at end of year
61,655
45,550
10
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
11
Transactions with related parties
The company was under the control of Mr R Ilendo throughout the current and previous year. Mr R Ilendo is also the sole Director of the ultimate holding company, Rai Holdings Ltd. Rai Developments Ltd paid a dividend of £50000 ( 2024 = £50000) to Rai Holdings Ltd.
12
Controlling party
Rai Holdings Ltd is the controlling Ultimate Holding Company. The Registered Office is 48 Beechcroft Road Bushey, Herts. WD23 2JU and place of business address is Unit 2, 12 Greenock Road, Acton, London. W3 8DU.
- 8 -
RAI DEVELOPMENTS LIMITED Notes to the Accounts for the year ended 31 March 2025
13
Average number of employees
During the year the average number of employees was 8 (2024: 8).
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