Raycourt Properties Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05720971 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2018

FOR

RAYCOURT PROPERTIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs Y Patel

Mrs S L Patel

SECRETARY:

Mrs Y Patel

REGISTERED OFFICE:

278 Northfield Avenue

Ealing

London

W5 4UB

REGISTERED NUMBER:

05720971 (England and Wales)

ACCOUNTANTS:

Jay Patel & Co

Chartered Accountants

278 Northfield Avenue

Ealing

London

W5 4UB

FIXED ASSETS

Tangible assets

3

520,204

520,204

CURRENT ASSETS

Debtors

4

289,996

293,996

Cash at bank

3,862

3,491

293,858

297,487

CREDITORS

Amounts falling due within one year

5

85,214

60,305

NET CURRENT ASSETS

208,644

237,182

TOTAL ASSETS LESS CURRENT LIABILITIES

728,848

757,386

CREDITORS

Amounts falling due after more than one year

6

724,949

766,110

NET ASSETS/(LIABILITIES)

3,899

(8,724

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

3,799

(8,824

)

SHAREHOLDERS' FUNDS

3,899

(8,724

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2018 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 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 11th December 2018 and were signed on its behalf by:

Mrs S L Patel - Director

1.	STATUTORY INFORMATION

Raycourt Properties 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.

Turnover & revenue recognition

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added

tax and other sales taxes.

The revenue is recognised for the services as the services are performed.

Tangible fixed assets

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

Freehold property - not provided

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.

Going concern

3.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1st March 2017

and 28th February 2018

520,204

NET BOOK VALUE

At 28th February 2018

520,204

At 28th February 2017

520,204

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.18

28.2.17

£

£

Other debtors

289,996

293,996

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.18

28.2.17

£

£

Trade creditors

4,415

4,415

Other creditors

80,799

55,890

85,214

60,305

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.18

28.2.17

£

£

Bank loans

539,858

560,378

Other creditors

185,091

205,732

724,949

766,110

Amounts falling due in more than five years:

Repayable by instalments

BOC Loan AC

539,858

560,378

Other Creditors

185,091

205,732

724,949

766,110

7.	ULTIMATE CONTROLLING PARTY