REGISTERED NUMBER: 02788914 (England and Wales)

Raklion Properties Limited

Unaudited Financial Statements

for the Year Ended 5 April 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B B Madhwani

B Shah

SECRETARY:

Mrs K Shah

REGISTERED OFFICE:

1 Bell Street

2nd Floor

London

NW1 5BY

REGISTERED NUMBER:

02788914 (England and Wales)

ACCOUNTANTS:

DSJ Partners (UK) Limited

2nd Floor

1 Bell Street

London

NW1 5BY

FIXED ASSETS

Tangible assets

4

72

96

Investment property

5

1,595,000

1,595,000

1,595,072

1,595,096

CURRENT ASSETS

Debtors

6

2,600

3,725

Cash at bank

33,399

64,235

35,999

67,960

CREDITORS

Amounts falling due within one year

7

(18,067

)

(24,871

)

NET CURRENT ASSETS

17,932

43,089

TOTAL ASSETS LESS CURRENT LIABILITIES

1,613,004

1,638,185

PROVISIONS FOR LIABILITIES

(229,877

)

(229,877

)

NET ASSETS

1,383,127

1,408,308

CAPITAL AND RESERVES

Called up share capital

145,000

145,000

Fair value reserve

987,041

987,041

Retained earnings

251,086

276,267

SHAREHOLDERS' FUNDS

1,383,127

1,408,308

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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 15 December 2025 and were signed on its behalf by:

B Shah - Director

1.	STATUTORY INFORMATION

Raklion Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	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 as modified by the revaluation of certain assets.

Turnover

The turnover represents the rent receivable for the year.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 6 April 2024

and 5 April 2025

16,093

DEPRECIATION

At 6 April 2024

15,997

Charge for year

24

At 5 April 2025

16,021

NET BOOK VALUE

At 5 April 2025

72

At 5 April 2024

96

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 6 April 2024

and 5 April 2025

1,595,000

NET BOOK VALUE

At 5 April 2025

1,595,000

At 5 April 2024

1,595,000

Investment properties are shown at the directors' valuation at open market value at 05 April 2025.

Fair value at 5 April 2025 is represented by:

£

Valuation in 2025

1,595,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

2,600

3,725

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

2,120

Taxation and social security

7,257

9,754

Other creditors

10,810

12,997

18,067

24,871