RAW_PROPERTIES_LIMITED - Accounts

RAW PROPERTIES LIMITED - Company Information

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Company Registration No. 02198294 (England and Wales)

RAW PROPERTIES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2016

RAW PROPERTIES LIMITED

CONTENTS

Page

Accountants' report

Abbreviated balance sheet

Notes to the abbreviated accounts

3 - 4

RAW PROPERTIES LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF RAW PROPERTIES LIMITED FOR THE YEAR ENDED 28 FEBRUARY 2016

- 1 -

The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 4 have been prepared.

In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of Raw Properties Limited for the year ended 28 February 2016, set out on pages 3 to 8 from the accounting records and information and explanations you have given to us.

This report is made solely to the Board of Directors of Raw Properties Limited, as a body, in accordance with the terms of our engagement letter dated 12 November 2015. Our work has been undertaken solely to prepare for your approval the financial statements of Raw Properties Limited and state those matters that we have agreed to state to the Board of Directors of Raw Properties Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Raw Properties Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Raw Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Raw Properties Limited. You consider that Raw Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Raw Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Gerald Edelman

15 November 2016

Chartered Accountants

73 Cornhill

London

EC3V 3QQ

RAW PROPERTIES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

28 FEBRUARY 2016

- 2 -

2016

2015

Notes

Fixed assets

Tangible assets

Investments

164,942

164,943

Current assets

Debtors

799,526

826,526

Creditors: amounts falling due within one year

(10,895)

Net current assets

788,631

815,631

Total assets less current liabilities

953,574

980,574

Capital and reserves

Called up share capital

Profit and loss account

953,572

980,572

Shareholders' funds

953,574

980,574

For the financial year ended 28 February 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 15 November 2016

J W Raw

Director

Company Registration No. 02198294

RAW PROPERTIES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents rent received from investment property. Income is recognised when rent demand is issued to tenants.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% reducing balance

Fixtures, fittings & equipment

25% reducing balance

1.5

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 March 2015 & at 28 February 2016

13,467

164,942

178,409

Depreciation

At 1 March 2015 & at 28 February 2016

13,466

Net book value

At 28 February 2016

164,942

164,943

At 28 February 2015

164,942

164,943

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

Finegrange Investments Limited

England and Wales

Ordinary

100.00

RAW PROPERTIES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2016

Fixed assets

(Continued)

- 4 -

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2016

Principal activity

Finegrange Investments Limited

Property investment

3,680,472

258,468

Share capital

2016

2015

Allotted, called up and fully paid

1 Ordinary A of £1 each

1 Ordinary B of £1 each

The shares have attached to them full voting and capital distribution (including on winding up) rights; they do not confer any rights of redemption. The Ordinary-A and Ordinary-B shall be separate classes of shares for the declaration of dividends. A dividend declared in respect of one class of shares shall not compel a dividend at the same rate to be declared in respect of any other class of shares.