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REGISTERED NUMBER: 07200710 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2023

for

Raine Anaesthetic Enterprises Ltd

Raine Anaesthetic Enterprises Ltd (Registered number: 07200710)






Contents of the Financial Statements
for the Year Ended 31st March 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


Raine Anaesthetic Enterprises Ltd (Registered number: 07200710)

Balance Sheet
31st March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 44,087 50,386
Tangible assets 5 1,129 1,553
45,216 51,939

CURRENT ASSETS
Cash at bank 251,275 162,136

CREDITORS
Amounts falling due within one year 6 66,880 58,364
NET CURRENT ASSETS 184,395 103,772
TOTAL ASSETS LESS CURRENT
LIABILITIES

229,611

155,711

PROVISIONS FOR LIABILITIES 215 392
NET ASSETS 229,396 155,319

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 229,296 155,219
SHAREHOLDERS' FUNDS 229,396 155,319

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th October 2023 and were signed on its behalf by:




Dr G J Raine - Director


Raine Anaesthetic Enterprises Ltd (Registered number: 07200710)

Notes to the Financial Statements
for the Year Ended 31st March 2023

1. COMPANY INFORMATION

Raine Anaesthetic Enterprises Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07200710

Registered office: First Floor
49 Peter Street
Manchester
M2 3NG

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue from the provision of professional services is recognised on delivery of the service.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Tangible Fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment loss.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:

Fixtures and Fittings - 25% on cost


The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Raine Anaesthetic Enterprises Ltd (Registered number: 07200710)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2022
and 31st March 2023 125,970
AMORTISATION
At 1st April 2022 75,584
Amortisation for year 6,299
At 31st March 2023 81,883
NET BOOK VALUE
At 31st March 2023 44,087
At 31st March 2022 50,386

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st April 2022
and 31st March 2023 3,822
DEPRECIATION
At 1st April 2022 2,269
Charge for year 424
At 31st March 2023 2,693
NET BOOK VALUE
At 31st March 2023 1,129
At 31st March 2022 1,553

Raine Anaesthetic Enterprises Ltd (Registered number: 07200710)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Corporation tax payable 22,289 14,854
PAYE creditor 285 40
Directors' current accounts 44,306 43,470
66,880 58,364

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100

The A Shares confer on the holders the right to vote upon any resolution proposed at any
general meeting of the company.

The B Shares do not confer on the holders the right to vote upon any resolution proposed at
any general meeting of the company.

The A and B Shares rank pari passu in respect of dividend and capital distribution rights.

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2023 and 31st March 2022:

31.3.23 31.3.22
£    £   
Dr G J Raine
Balance outstanding at start of year (43,470 ) (43,817 )
Amounts advanced 15,420 15,059
Amounts repaid (16,255 ) (14,712 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (44,305 ) (43,470 )

The loan is repayable on demand and no interest was charged during the year.

9. CONTROL

The ultimate controlling party is Dr G Raine by virtue of holding 100% of the voting rights.