RVNV Properties Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 03802003 (England and Wales)

RVNV PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R S Vora

Mrs N Vora

SECRETARY:

Mrs N Vora

REGISTERED OFFICE:

2nd Floor, One Hobbs House

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

REGISTERED NUMBER:

03802003 (England and Wales)

ACCOUNTANTS:

Albury Associates Limited

2nd Floor, One Hobbs House,

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

FIXED ASSETS

Tangible assets

4

1,582,041

1,599,207

CURRENT ASSETS

Debtors

5

958,960

821,064

Investments

6

1,011,092

1,011,092

Cash at bank

106,571

230,217

2,076,623

2,062,373

CREDITORS

Amounts falling due within one year

7

230,403

175,729

NET CURRENT ASSETS

1,846,220

1,886,644

TOTAL ASSETS LESS CURRENT LIABILITIES

3,428,261

3,485,851

CREDITORS

Amounts falling due after more than one year

8

1,767,375

1,818,080

NET ASSETS

1,660,886

1,667,771

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

1,660,786

1,667,671

SHAREHOLDERS' FUNDS

1,660,886

1,667,771

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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 22 January 2024 and were signed on its behalf by:

R S Vora - Director

1.	STATUTORY INFORMATION

RVNV Properties 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 consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

in accordance with the property

Plant and machinery etc

-

Straight line over 3 years

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 2 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 May 2022

1,813,440

12,385

1,825,825

Additions

23,194

-

23,194

At 30 April 2023

1,836,634

12,385

1,849,019

DEPRECIATION

At 1 May 2022

218,730

7,888

226,618

Charge for year

39,944

416

40,360

At 30 April 2023

258,674

8,304

266,978

NET BOOK VALUE

At 30 April 2023

1,577,960

4,081

1,582,041

At 30 April 2022

1,594,710

4,497

1,599,207

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

2,286

5,557

Amounts owed by associates

848,244

741,261

Other debtors

108,430

74,246

958,960

821,064

6.	CURRENT ASSET INVESTMENTS

2023

2022

£

£

Unlisted investments

1,011,092

1,011,092

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

72,154

97,230

Trade creditors

124

-

Taxation and social security

7,637

28,489

Other creditors

150,488

50,010

230,403

175,729

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

1,767,375

1,818,080

2023

2022

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans over 5 years

1,346,856

1,295,897

9.	SECURED DEBTS

The following secured debts are included within creditors:

2023

2022

£

£

Bank loans

1,839,529

1,915,310

The Bank Loans are secured by way of a fixed charge over the Company's freehold properties and a floating charge over all other assets.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

100

Ordinary

1

100

100

11.

RESERVES

Retained

earnings

£

At 1 May 2022

1,667,671

Deficit for the year

(6,885

)

At 30 April 2023

1,660,786

12.	RELATED PARTY DISCLOSURES

At the year end date, included within other debtors, is an amount of £225,226 (2022: £383,426) owed to the company from Stay Healthy Limited.

At the year end date, included within other debtors, is an amount of £85,134 (2022: £145,343) owed to the company from Revital Limited.

At the year end date, included within other debtors, is an amount of £296,892 (2022: £212,492) owed to the company from Asra Management Services LLP.

These amounts are unsecured, interest free and repayable on demand.

At the year end date, included within other creditors, is an amount of £121,198 (2022: £34,447) owed to the director R Vora.

These amounts are unsecured, interest free and payable on demand.

13.	ULTIMATE PARENT COMPANY

Asra Holdings Limited is regarded as the parent company. The directors have a beneficial interest in Asra Holdings Limited.