RAGNIS PROPERTIES LIMITED

RAGNIS PROPERTIES LIMITED
Statement of Financial Position
As at 31 March 2025

	2025		2024
	£	£	£	£
Fixed assets		620,314		620,314
Current assets	127,528		76,128
Creditors: amount falling due within one year	(268,825)		(242,929)
Net current assets		(141,297)		(166,801)
Total assets less current liabilities		479,017		453,513
Creditors: amount falling due after more than one year		(377,400)		(377,400)
Net assets		101,617		76,113


Capital and reserves		101,617		76,113

NOTES TO THE ACCOUNTS

General Information

RAGNIS PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10396438, registration address 73 , Skeltons Lane, London, E10 5BT.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling which is the functional currency of the company.

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises of the rental services provided by the company.

Fixed asset investments

Fixed asset investments are stated at cost less provision for any permanent diminution in value.

Current asset investments

Current asset investments are stated at the lower of cost and net realisable value.

2.	Average number of employees Average number of employees during the year was 0 (2024 : 0).

3.	Control Mr Kishore Nimmala Govinda is the only Director & Shareholder and having ultimate controlling power.

For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.

The financial statements were approved by the director on 23 December 2025 and were signed by:

--------------------------------
Kishore Nimmala Govinda
Director

Registered Number: 10396438
England and Wales
RAGNIS PROPERTIES LIMITED

Abridged Accounts

Period of accounts Start date: 01 April 2024 End date: 31 March 2025