Company registration number 12394287 (England and Wales)
RAHA RENTALS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
RAHA RENTALS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
RAHA RENTALS LIMITED
BALANCE SHEET
AS AT
30 JUNE 2025
30 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
3,877
4,282
Investment property
4
155,000
155,000
158,877
159,282
Current assets
Debtors
5
863
395
Cash at bank and in hand
4,583
5,173
5,446
5,568
Creditors: amounts falling due within one year
6
(136,455)
(138,194)
Net current liabilities
(131,009)
(132,626)
Total assets less current liabilities
27,868
26,656
Provisions for liabilities
(5,452)
(5,539)
Net assets
22,416
21,117
Capital and reserves
Called up share capital
7
2
2
Profit and loss reserves
8
22,414
21,115
Total equity
22,416
21,117

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 19 November 2025 and are signed on its behalf by:
P J Hemmaway
Director
Company registration number 12394287 (England and Wales)
RAHA RENTALS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 2 -
1
Accounting policies
1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Rental income is accounted for on a receivable basis, inclusive of Value Added Tax.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
15% per annum reducing balance
Computer equipment
33 1/3% per annum straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

RAHA RENTALS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 3 -
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

RAHA RENTALS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 4 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Company information

Raha Rentals Limited is a private company limited by shares incorporated in England and Wales. The registered office is 42 George Leigh Street, Ancoats, Manchester, M4 5DG.

RAHA RENTALS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2024
6,824
Additions
535
At 30 June 2025
7,359
Depreciation and impairment
At 1 July 2024
2,542
Depreciation charged in the year
940
At 30 June 2025
3,482
Carrying amount
At 30 June 2025
3,877
At 30 June 2024
4,282
RAHA RENTALS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 6 -
4
Investment property
2025
£
Fair value
At 1 July 2024 and 30 June 2025
155,000

Properties held for investment were last revalued by the directors on 30 June 2025 on an open market basis. The directors are of the opinion that there has been no significant change in the open market value of the property in the period. The directors believe that the revalued amounts are an accurate reflection of the value of the property as at that date.

5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
863
395
6
Creditors: amounts falling due within one year
2025
2024
£
£
Taxation and social security
699
547
Other creditors
135,756
137,647
136,455
138,194
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
2
2
2
2
8
Profit and loss reserves

Included in profit and loss account reserves of £22,414 are non-distributable reserves amounting to £20,145 (2024 - £20,145) relating to the revaluation of the company's investment property, net of the associated deferred tax.

2025-06-30 2024-07-01 false false false 20 November 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity P J Hemmaway J C Hemmaway 12394287 2024-07-01 2025-06-30 12394287 2025-06-30 12394287 2024-06-30 12394287 core:OtherPropertyPlantEquipment 2025-06-30 12394287 core:OtherPropertyPlantEquipment 2024-06-30 12394287 core:ShareCapital 2025-06-30 12394287 core:ShareCapital 2024-06-30 12394287 core:RetainedEarningsAccumulatedLosses 2025-06-30 12394287 core:RetainedEarningsAccumulatedLosses 2024-06-30 12394287 core:ShareCapitalOrdinaryShareClass1 2025-06-30 12394287 core:ShareCapitalOrdinaryShareClass1 2024-06-30 12394287 bus:Director1 2024-07-01 2025-06-30 12394287 core:FurnitureFittings 2024-07-01 2025-06-30 12394287 core:ComputerEquipment 2024-07-01 2025-06-30 12394287 2023-07-01 2024-06-30 12394287 core:OtherPropertyPlantEquipment 2024-06-30 12394287 core:OtherPropertyPlantEquipment 2024-07-01 2025-06-30 12394287 2024-06-30 12394287 core:WithinOneYear 2025-06-30 12394287 core:WithinOneYear 2024-06-30 12394287 core:CurrentFinancialInstruments 2025-06-30 12394287 core:CurrentFinancialInstruments 2024-06-30 12394287 bus:OrdinaryShareClass1 2024-07-01 2025-06-30 12394287 bus:OrdinaryShareClass1 2025-06-30 12394287 bus:OrdinaryShareClass1 2024-06-30 12394287 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 12394287 bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 12394287 bus:FRS102 2024-07-01 2025-06-30 12394287 bus:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 12394287 bus:Director2 2024-07-01 2025-06-30 12394287 bus:FullAccounts 2024-07-01 2025-06-30 xbrli:pure xbrli:shares iso4217:GBP