Raily Construction Lettings Limited - Accounts to registrar (filleted) - small 18.2
Raily Construction Lettings Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 APRIL 2021 |
| FOR |
| RAILY CONSTRUCTION LETTINGS LIMITED |
| RAILY CONSTRUCTION LETTINGS LIMITED (REGISTERED NUMBER: 04191893) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 APRIL 2021 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| RAILY CONSTRUCTION LETTINGS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 APRIL 2021 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| 6 Langdale Court |
| Witney |
| Oxfordshire |
| OX28 6FG |
| RAILY CONSTRUCTION LETTINGS LIMITED (REGISTERED NUMBER: 04191893) |
| BALANCE SHEET |
| 30 APRIL 2021 |
| 30.4.21 | 30.4.20 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 7 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Other reserves | 9 |
| Retained earnings | 9 |
| SHAREHOLDERS' FUNDS |
| RAILY CONSTRUCTION LETTINGS LIMITED (REGISTERED NUMBER: 04191893) |
| BALANCE SHEET - continued |
| 30 APRIL 2021 |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| RAILY CONSTRUCTION LETTINGS LIMITED (REGISTERED NUMBER: 04191893) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 APRIL 2021 |
| 1. | STATUTORY INFORMATION |
| Raily Construction Lettings Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents net rent receivable excluding value added tax. |
| Investment property |
| Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| 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 NIL (2020 - NIL). |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 May 2020 |
| and 30 April 2021 |
| NET BOOK VALUE |
| At 30 April 2021 |
| At 30 April 2020 |
| RAILY CONSTRUCTION LETTINGS LIMITED (REGISTERED NUMBER: 04191893) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 APRIL 2021 |
| 4. | INVESTMENT PROPERTY - continued |
| Investment property consists of 4 flats at Westfield Road, Witney valued at £600,714. |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.4.21 | 30.4.20 |
| £ | £ |
| Prepayments |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.4.21 | 30.4.20 |
| £ | £ |
| Tax |
| Directors' current accounts | 214 | 253 |
| Deferred income |
| Accrued expenses |
| 7. | PROVISIONS FOR LIABILITIES |
| 30.4.21 | 30.4.20 |
| £ | £ |
| Deferred tax | 66,578 | 67,619 |
| Deferred |
| tax |
| £ |
| Balance at 1 May 2020 |
| Provided during year | ( |
) |
| Balance at 30 April 2021 |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.4.21 | 30.4.20 |
| value: | £ | £ |
| Ordinary | £1 | 2 | 2 |
| 9. | RESERVES |
| Retained | Other |
| earnings | reserves | Totals |
| £ | £ | £ |
| At 1 May 2020 | 568,458 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| Revaluation deferred tax | - | 1,041 | 1,041 |
| At 30 April 2021 | 561,624 |