Raan Investments Ltd - Accounts to registrar - small 17.2

Raan Investments Ltd - Accounts to registrar - small 17.2

RAAN INVESTMENTS LTD - Company Information

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REGISTERED NUMBER: 04933814 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 December 2016

for

Raan Investments Ltd

Raan Investments Ltd (Registered number: 04933814)






Contents of the Financial Statements
for the Year Ended 31 December 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Raan Investments Ltd

Company Information
for the Year Ended 31 December 2016







DIRECTORS: Mrs A Takiar
Mrs A Takiar
N Takiar
P Takiar





SECRETARY: Mrs A Takiar





REGISTERED OFFICE: Unit 1 A
Empress Business Centre
Chester Road
Manchester
M16 9EA





REGISTERED NUMBER: 04933814 (England and Wales)





ACCOUNTANTS: Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR
Page 1
Raan Investments Ltd (Registered number: 04933814)

Balance Sheet
31 December 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 67,596 65,635
Investment property 5 8,706,000 6,984,557
8,773,596 7,050,192

CURRENT ASSETS
Debtors 6 1,200 21,336
Cash at bank and in hand 3,105 9,236
4,305 30,572
CREDITORS
Amounts falling due within one year 7 580,913 551,194
NET CURRENT LIABILITIES (576,608 ) (520,622 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
8,196,988
6,529,570

CREDITORS
Amounts falling due after more than one
year
8
(4,005,736
)
(4,018,082
)

PROVISIONS FOR LIABILITIES 11 (329,800 ) -
NET ASSETS 3,861,452 2,511,488

CAPITAL AND RESERVES
Called up share capital 12 1,000 1,000
Non-distributable reserves 13 3,518,105 2,206,562
Distributable reserves 13 342,347 303,926
SHAREHOLDERS' FUNDS 3,861,452 2,511,488

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 notes form part of these financial statements

Page 2 continued...
Raan Investments Ltd (Registered number: 04933814)

Balance Sheet - continued
31 December 2016


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 23 August 2017 and were signed on its behalf
by:





Mrs A Takiar - Director


The notes form part of these financial statements

Page 3
Raan Investments Ltd (Registered number: 04933814)

Notes to the Financial Statements
for the Year Ended 31 December 2016

1. STATUTORY INFORMATION

Raan 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

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 6 .

Page 4 continued...
Raan Investments Ltd (Registered number: 04933814)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2016 124,067 158 124,225
Additions 13,890 - 13,890
At 31 December 2016 137,957 158 138,115
DEPRECIATION
At 1 January 2016 58,566 24 58,590
Charge for year 11,909 20 11,929
At 31 December 2016 70,475 44 70,519
NET BOOK VALUE
At 31 December 2016 67,482 114 67,596
At 31 December 2015 65,501 134 65,635

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2016 6,984,557
Additions 82,014
Revaluations 1,639,429
At 31 December 2016 8,706,000
NET BOOK VALUE
At 31 December 2016 8,706,000
At 31 December 2015 6,984,557

Cost or valuation at 31 December 2016 is represented by:

£   
Valuation in 2016 8,706,000

If investment properties had not been revalued they would have been included at the following historical cost:

2016 2015
£    £   
Cost 4,777,995 4,777,995
Aggregate depreciation (393,479 ) (393,479 )

Investment property was valued on an open market basis on 31 December 2016 by the Directors of the Company
.

Page 5 continued...
Raan Investments Ltd (Registered number: 04933814)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Other debtors 1,200 12,139
Directors' current accounts - 9,197
1,200 21,336

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Bank loans and overdrafts (see note 9) 374,722 400,467
Rent deposits 84,205 63,205
Trade creditors 3,637 636
Tax 75,803 56,228
Social security and other taxes 6,198 7,513
VAT 21,870 14,249
Other creditors 3,000 -
Directors' current accounts 5,478 -
Accrued expenses 6,000 8,896
580,913 551,194

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2016 2015
£    £   
Bank loans (see note 9) 3,913,459 3,895,805
Other creditors 92,277 122,277
4,005,736 4,018,082

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,236,764 2,219,110

9. LOANS

An analysis of the maturity of loans is given below:

2016 2015
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 39,383 65,128
Bank loans 335,339 335,339
374,722 400,467

Amounts falling due between one and two years:
Bank loans - 1-2 years 335,339 335,339

Page 6 continued...
Raan Investments Ltd (Registered number: 04933814)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

9. LOANS - continued
2016 2015
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 1,341,356 1,341,356

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,236,764 2,219,110

10. SECURED DEBTS

The following secured debts are included within creditors:

2016 2015
£    £   
Bank overdrafts 39,383 65,128
Bank loans 4,248,798 4,231,144
4,288,181 4,296,272

The loans are secured on the investment properties held by the Company.

11. PROVISIONS FOR LIABILITIES
2016 2015
£    £   
Deferred tax 329,800 -

Deferred
tax
£   
Accelerated capital allowances 1,915
Revaluation of investment prop 327,885
Balance at 31 December 2016 329,800

12. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
1,000 Ordinary 1 1,000 1,000

Page 7 continued...
Raan Investments Ltd (Registered number: 04933814)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

13. RESERVES
Distributable Non-distributable
reserves reserves Totals
£    £    £   

At 1 January 2016 303,926 2,206,562 2,510,488
Profit for the year 1,459,964 1,459,964
Dividends (110,000 ) (110,000 )
Revaluation gain (2,623,086 ) 1,311,543 (1,311,543 )
Revaluation reserve 1,311,543 - 1,311,543
At 31 December 2016 342,347 3,518,105 3,860,452

14. OTHER FINANCIAL COMMITMENTS

The Company has operating lease commitments of £19,837 (2015: £14,765) due within the next 12 months.

15. RELATED PARTY DISCLOSURES

During the year, total dividends of £55,000 were paid to the directors .

Director's Loan Account:

Mrs Aarti Takiar and Mrs Anu Takiar.

During the year the director's introduced capital of £23,896 and took drawings of £9,221.

Balance owed to the directors at 31/12/2016: £5,478
Balance owed by the directors at 31/12/2015: £9,197.

During the year each director received dividends of £27,500.

Business loan:

During the year the Company received funds of £38,000 and made repayments of £35,000 to Mr Pankaj Takiar
(shareholder).

Balance owed at 31/12/2016: £3,000.

16. CONTROLLING PARTY

The Company is controlled by its equal shareholders, Mr Pankaj Takiar, Mrs Aarti Takiar, Mr Neeraj Takiar,
Mrs Anu Takiar.

Page 8