2022-02-012023-01-312023-01-31false11157324RAISING THE BAR UK 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RAISING THE BAR UK LIMITED

Registered Number
11157324
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2023

RAISING THE BAR UK LIMITED
Company Information
for the year from 1 February 2022 to 31 January 2023

Directors

KILL, Michael Christopher
KILL, Silvana Carmen

Company Secretary

KILL, Michael Christopher

Registered Address

Grove House
2 Woodberry Grove
London
N12 0DR

Registered Number

11157324 (England and Wales)
RAISING THE BAR UK LIMITED
Balance Sheet as at
31 January 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets78,8488,730
8,8488,730
Current assets
Debtors6,7093,199
Cash at bank and on hand-645
6,7093,844
Creditors amounts falling due within one year10(4,845)(3,301)
Net current assets (liabilities)1,864543
Total assets less current liabilities10,7129,273
Creditors amounts falling due after one year11(4,082)(5,601)
Provisions for liabilities(1,681)(1,659)
Net assets4,9492,013
Capital and reserves
Called up share capital11
Profit and loss account4,9482,012
Shareholders' funds4,9492,013
The financial statements were approved and authorised for issue by the Board of Directors on 1 November 2023, and are signed on its behalf by:
KILL, Silvana Carmen
Director
Registered Company No. 11157324
RAISING THE BAR UK LIMITED
Notes to the Financial Statements
for the year ended 31 January 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The principal activity of the company in the year under review was that of management and social media consultancy activities
4.Basis of measurement used in financial statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
5.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Fixtures and fittings15
Office Equipment15
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
6.Employee information

20232022
Average number of employees during the year22
7.Property, plant and equipment

Total

£
Cost or valuation
At 01 February 2212,972
Additions1,545
At 31 January 2314,517
Depreciation and impairment
At 01 February 224,241
Charge for year1,428
At 31 January 235,669
Net book value
At 31 January 238,848
At 31 January 228,730
8.Description of nature of transactions and balances with related parties
During the period, total dividends of £8,000 (2022 : £8,000) were paid to the directors. At the balance sheet date the company owed £103 (2022 : £2,490 owed from) to the directors which is an interest free loan with no fixed date for repayment. The Night Time Industries Association Ltd- related by virtue of common control During the year the company invoiced £51,000 (2022 - £49,500) to the related company. At the balance sheet date the related company owed £6,709 (2022- £709) to the reporting entity.
9.Debtors within one year

2023

2022

££
Trade debtors / trade receivables6,709709
Other debtors-2,490
Total6,7093,199
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
10.Creditors within one year

2023

2022

££
Bank borrowings and overdrafts1,6851,810
Taxation and social security3,058671
Other creditors102-
Accrued liabilities and deferred income-820
Total4,8453,301
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
11.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts4,0825,601
Total4,0825,601