RAY Assets and Holdings Ltd - Filleted accounts

Registered number

12123836

RAY Assets and Holdings Ltd

Filleted Accounts

31 December 2025

RAY Assets and Holdings Ltd
Registered number:		12123836
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Investments	3		1,016,585			1,016,585

Current assets
Cash at bank and in hand		38,784			48,282

Creditors: amounts falling due within one year	4	(373,545)			(381,214)

Net current liabilities			(334,761)			(332,932)

Total assets less current liabilities			681,824			683,653

Creditors: amounts falling due after more than one year	5		(653,297)			(652,065)

Net assets			28,527			31,588

Capital and reserves
Called up share capital			50			50
Profit and loss account			28,477			31,538

Shareholders' funds			28,527			31,588

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr Arindam Ray
Director
Approved by the board on 30 September 2026

RAY Assets and Holdings Ltd
Notes to the Accounts
for the year ended 31 December 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rent receivable on the investment property.

	Investment Property
	Investment properties are held to earn rental income and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on a ongoing basis are measured at a fair value. Gains and losses arising from changes in the fair value of investment properties are included in the profit or loss in the period in which they arise.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees	2025		2024
Number			Number

	Average number of persons employed by the company	1		1


3	Investments			Investment
Property
£
	Cost
	At 1 January 2025			1,016,585

	At 31 December 2025			1,016,585
	The director has assessed the fair value of the property at the year end and is of the opinion that the fair value is not materially different from its carrying amount. As a result, no fair value adjustment has been recognised.


4	Creditors: amounts falling due within one year	2025		2024
£			£

	Bank loans and overdrafts	33,210		34,665
	Advance received	-		3,000
	Director's account	339,015		338,654
	Taxation and social security costs	-		3,575
	Other creditors	1,320		1,320
		373,545		381,214


5	Creditors: amounts falling due after one year	2025		2024
£			£

	Bank loans	653,297		652,065


6	Loans	2025		2024
£			£
	Creditors include:

	Secured bank loans	686,507		686,730

	Secured on the investment property of the Company.


7	Other information

	RAY Assets and Holdings Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	31 Daymer Gardens
	Pinner
	Maiddlesex
	HA5 2HW