Ranmove Homes (Investments) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05110655 (England and Wales)

Financial Statements For The Year Ended 31st March 2021

for

Ranmove Homes (Investments) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N A Foster

S K Hamilton

J Hamilton

SECRETARY:

S K Hamilton

REGISTERED OFFICE:

1-3 Manor Road

Chatham

Kent

ME4 6AE

REGISTERED NUMBER:

05110655 (England and Wales)

ACCOUNTANTS:

Beak Kemmenoe

Chartered Accountants

1-3 Manor Road

Chatham

Kent

ME4 6AE

FIXED ASSETS

Investment property

4

1,589,932

1,570,000

CURRENT ASSETS

Debtors

5

7,565

7,237

Cash at bank

34,073

27,785

41,638

35,022

CREDITORS

Amounts falling due within one year

6

756,093

512,005

NET CURRENT LIABILITIES

(714,455

)

(476,983

)

TOTAL ASSETS LESS CURRENT LIABILITIES

875,477

1,093,017

CREDITORS

Amounts falling due after more than one year

7

(419,251

)

(671,946

)

PROVISIONS FOR LIABILITIES

(68,857

)

(68,857

)

NET ASSETS

387,369

352,214

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

9

340,978

340,978

Retained earnings

46,291

11,136

SHAREHOLDERS' FUNDS

387,369

352,214

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2021 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 14th March 2022 and were signed on its behalf by:

S K Hamilton - Director

1.	STATUTORY INFORMATION

Ranmove Homes (Investments) 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

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 NIL (2020 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2020

1,570,000

Additions

19,932

At 31st March 2021

1,589,932

NET BOOK VALUE

At 31st March 2021

1,589,932

At 31st March 2020

1,570,000

Fair value at 31st March 2021 is represented by:

£

Valuation in 2012

212,404

Valuation in 2020

150,000

Cost

1,227,528

1,589,932

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

1,606

1,356

Other debtors and prepayments

5,959

5,881

7,565

7,237

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Mortgage

32,835

35,180

Trade creditors

4,595

5,363

Corporation tax

9,514

9,514

Amounts owed to group undertakings

702,886

454,438

Other creditors and accruals

6,263

7,510

756,093

512,005

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Mortgage

419,251

671,946

8.	SECURED DEBTS

The following secured debts are included within creditors:

2021

2020

£

£

Mortgage

452,086

707,126

The mortgage is secured on the properties owned by the company.

9.

RESERVES

Revaluation

reserve

£

At 1st April 2020

and 31st March 2021

340,978

10.	ULTIMATE CONTROLLING PARTY

The company's immediate holding company is Ranmove Homes Limited, and the ultimate holding company is Ranmove Group Limited. Both companies are incorporated within the UK. The ultimate controlling party is the Nigel Foster FURBS.