Registration number: 16079217

Racey Properties Ltd

(Registration number: 16079217)
Balance Sheet as at 30 November 2025

	Note	2025 £
Fixed assets
Investment property	4	270,000
Current assets
Debtors	5	3,468
Cash at bank and in hand		146
		3,614
Creditors: Amounts falling due within one year	6	(15,500)
Net current liabilities		(11,886)
Total assets less current liabilities		258,114
Creditors: Amounts falling due after more than one year	6	(255,104)
Net assets		3,010
Capital and reserves
Called up share capital		2
Revaluation reserve		15,148
Retained earnings		(12,140)
Shareholders' funds		3,010

For the financial period ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 July 2026 and signed on its behalf by:
 

......................................... Mrs B Z Racey Director

Racey Properties Ltd

Notes to the Unaudited Financial Statements for the Period from 14 November 2024 to 30 November 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
83 Vulcan Park Way
N/a
Newton-Le-Willows
Merseyside
WA12 8NJ
UK

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

All rental income received or receivable in respect of investment properties is credited to revenue on an accruals basis.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Borrowings

Racey Properties Ltd

Notes to the Unaudited Financial Statements for the Period from 14 November 2024 to 30 November 2025

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

4	Investment properties

	2025 £
Additions	254,852
Fair value adjustments	15,148
At 30 November	270,000

The fair value of investment properties are based on the Directors assessment.

5

Debtors

Current	2025 £
Prepayments	3,468
	3,468

Racey Properties Ltd

Notes to the Unaudited Financial Statements for the Period from 14 November 2024 to 30 November 2025

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £
Due within one year
Loans and borrowings	7	10,000
Accruals and deferred income		5,500
		15,500

Current loans and borrowings

	2025 £
Bank borrowings	10,000

Creditors: amounts falling due after more than one year

	Note	2025 £
Due after one year
Loans and borrowings	7	255,104

Other borrowings

7	Loans and borrowings

Non-current loans and borrowings

	2025 £
Bank borrowings	177,521
Other borrowings	77,583
	255,104

Current loans and borrowings

	2025 £
Bank borrowings	10,000