RAS Investments Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07919833 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2022

FOR

RAS INVESTMENTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R A Street

SECRETARY:

B Gray

REGISTERED OFFICE:

C/O Ellis Atkins Chartered Accountants

The Atrium Business Centre

Curtis Road

Dorking

Surrey

RH4 1XA

REGISTERED NUMBER:

07919833 (England and Wales)

ACCOUNTANTS:

Ellis Atkins

Chartered Accountants

The Atrium Business Centre

Curtis Road

Dorking

Surrey

RH4 1XA

FIXED ASSETS

Investments

4

1,237,005

952,107

Investment property

5

1,230,000

1,181,053

2,467,005

2,133,160

CURRENT ASSETS

Debtors

6

256,915

7,139

Cash at bank

21,536

10,079

278,451

17,218

CREDITORS

Amounts falling due within one year

7

21,905

14,851

NET CURRENT ASSETS

256,546

2,367

TOTAL ASSETS LESS CURRENT LIABILITIES

2,723,551

2,135,527

CREDITORS

Amounts falling due after more than one year

8

(2,225,388

)

(1,766,148

)

PROVISIONS FOR LIABILITIES

(26,298

)

(11,029

)

NET ASSETS

471,865

358,350

CAPITAL AND RESERVES

Called up share capital

1

1

Fair value reserve property

9

126,837

87,190

Retained earnings

345,027

271,159

SHAREHOLDERS' FUNDS

471,865

358,350

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 1 September 2022 and were signed by:

R A Street - Director

1.	STATUTORY INFORMATION

RAS Investments Ltd 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents amounts derived from rent receivable, excluding value added tax.

Investment property

In accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" investment properties are revalued annually and the aggregate surplus or deficit is dealt with through the profit and loss account. The gain or loss is transferred to a fair value reserve after adjusting for deferred tax. No depreciation is provided in respect of investment properties.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 6 April 2021

952,107

Additions

817,706

Disposals

(583,286

)

Revaluations

50,478

At 5 April 2022

1,237,005

NET BOOK VALUE

At 5 April 2022

1,237,005

At 5 April 2021

952,107

Cost or valuation at 5 April 2022 is represented by:

Other

investments

£

Valuation in 2022

1,237,005

If fixed asset investments had not been revalued they would have been included at the following historical cost:

5/4/22

5/4/21

£

£

Cost

1,213,312

978,892

Fixed asset investments were valued on an open market basis on 5 April 2022 by Interactive Investor & St James's Place .

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 6 April 2021

1,181,053

Revaluations

48,947

At 5 April 2022

1,230,000

NET BOOK VALUE

At 5 April 2022

1,230,000

At 5 April 2021

1,181,053

Fair value at 5 April 2022 is represented by:

£

Valuation in 2022

1,230,000

If investment property had not been revalued it would have been included at the following historical cost:

5/4/22

5/4/21

£

£

Cost

1,082,835

1,082,835

Investment property was valued on an open market basis on 5 April 2022 by the director of the company .

6.

DEBTORS

5/4/22

5/4/21

£

£

Amounts falling due within one year:

Other debtors

6,914

7,139

Amounts falling due after more than one year:

Other debtors

250,001

-

Aggregate amounts

256,915

7,139

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5/4/22

5/4/21

£

£

Taxation and social security

6,464

7,305

Other creditors

15,441

7,546

21,905

14,851

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

5/4/22

5/4/21

£

£

Other creditors

2,225,388

1,766,148

9.

RESERVES

Fair

value

reserve

property

£

At 6 April 2021

87,190

Transfer between reserves

39,647

At 5 April 2022

126,837

The movement between retained earnings and the fair value reserves represent the unrealised gain/(loss) on revaluation after adjusting for deferred tax. The fair value reserves are not distributable.