RAR Inverness Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11981372 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 7 MAY 2019 TO 31 MAY 2020

FOR

RAR INVERNESS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R P Raja

Mr A P Raja

REGISTERED OFFICE:

231 Preston Road

Wembley

Middlesex

HA9 8PE

REGISTERED NUMBER:

11981372 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certified Accountants

Solar House

282 Chase Road

London

N14 6NZ

FIXED ASSETS

Investment property

4

858,833

CURRENT ASSETS

Debtors

5

61,658

Cash at bank

6,646

68,304

CREDITORS

Amounts falling due within one year

6

75,420

NET CURRENT LIABILITIES

(7,116

)

TOTAL ASSETS LESS CURRENT LIABILITIES

851,717

CREDITORS

Amounts falling due after more than one year

7

536,495

NET ASSETS

315,222

CAPITAL AND RESERVES

Called up share capital

10

100

Share premium

315,935

Retained earnings

(813

)

SHAREHOLDERS' FUNDS

315,222

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2020 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 28 May 2021 and were signed on its behalf by:

Mr A P Raja - Director

1.	STATUTORY INFORMATION

RAR Inverness 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.

Turnover

Turnover is measured at the fair value of the rents received or receivable. The company is not registered for value added tax purposes.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

858,833

At 31 May 2020

858,833

NET BOOK VALUE

At 31 May 2020

858,833

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

3,658

Tax

58,000

61,658

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Directors' loan accounts

74,920

Accrued expenses

500

75,420

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans (see note 8)

536,495

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

536,495

8.

LOANS

An analysis of the maturity of loans is given below:

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

536,495

9.	SECURED DEBTS

The following secured debts are included within creditors:

£

Bank loans

536,495

The loan is secured by a first legal charge over the investment property of the company.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100 Ordinary shares of £1 each were allotted as fully paid at a premium of £3,159.35 per share during the period.