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Company Registration No. 10760724 (England and Wales)
RACSO PROPERTY LIMITED Unaudited accounts for the year ended 31 May 2025
RACSO PROPERTY LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
RACSO PROPERTY LIMITED Company Information for the year ended 31 May 2025
Director
Louis Dyke
Company Number
10760724 (England and Wales)
Registered Office
23 KIMBERLEY WAY CHINGFORD LONDON E4 6DE UNITED KINGDOM
Accountants
Easy Accounting Services Ltd Unit 3 Narberth Bridge Business Park Narberth Pembrokeshire SA67 8RA
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RACSO PROPERTY LIMITED Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
330,200
330,200
Current assets
Cash at bank and in hand
34,972
50,310
Creditors: amounts falling due within one year
5
(127,750)
(133,005)
Net current liabilities
(92,778)
(82,695)
Total assets less current liabilities
237,422
247,505
Creditors: amounts falling due after more than one year
6
(230,718)
(238,860)
Net assets
6,704
8,645
Capital and reserves
Capital contribution reserve
(11,891)
(11,891)
Profit and loss account
18,595
20,536
Shareholders' funds
6,704
8,645
For the year ending 31 May 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 1 April 2026 and were signed on its behalf by
Louis Dyke Director Company Registration No. 10760724
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RACSO PROPERTY LIMITED Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
RACSO PROPERTY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10760724. The registered office is 23 KIMBERLEY WAY, CHINGFORD, LONDON, E4 6DE, UNITED KINGDOM.
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.
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:
4
Tangible fixed assets
Land & buildings
£
Cost or valuation
At cost
At 1 June 2024
330,200
At 31 May 2025
330,200
Depreciation
At 31 May 2025
-
Net book value
At 31 May 2025
330,200
At 31 May 2024
330,200
5
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
1,469
-
Other creditors
126,281
133,005
127,750
133,005
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
230,718
238,860
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RACSO PROPERTY LIMITED Notes to the Accounts for the year ended 31 May 2025
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).
- 6 -