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REGISTERED NUMBER: 09545846 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

THE HOUSE OF RAY LIMITED

THE HOUSE OF RAY LIMITED (REGISTERED NUMBER: 09545846)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE HOUSE OF RAY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: Mr N Sillis
Miss S A Retson





REGISTERED OFFICE: Bickland House
Bickland Water Road
FALMOUTH
Cornwall
TR11 4SB





REGISTERED NUMBER: 09545846 (England and Wales)





ACCOUNTANTS: Lang Bennetts Chartered Accountants
Bickland House
Bickland Water Road
Falmouth
Cornwall
TR11 4SB

THE HOUSE OF RAY LIMITED (REGISTERED NUMBER: 09545846)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 16,000 24,000
Tangible assets 5 860,568 832,567
876,568 856,567

CURRENT ASSETS
Debtors 6 2,530 3,531
Cash at bank and in hand 81,809 15,482
84,339 19,013
CREDITORS
Amounts falling due within one year 7 90,451 629,845
NET CURRENT LIABILITIES (6,112 ) (610,832 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

870,456

245,735

CREDITORS
Amounts falling due after more than one
year

8

(964,296

)

(284,128

)

PROVISIONS FOR LIABILITIES (11,740 ) (10,742 )
NET LIABILITIES (105,580 ) (49,135 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (105,680 ) (49,235 )
(105,580 ) (49,135 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 HOUSE OF RAY LIMITED (REGISTERED NUMBER: 09545846)

BALANCE SHEET - continued
30 APRIL 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 November 2023 and were signed on its behalf by:




Mr N Sillis - Director



Miss S A Retson - Director


THE HOUSE OF RAY LIMITED (REGISTERED NUMBER: 09545846)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

The House of Ray Limited 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 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 is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be readily measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates Value Added Tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 20% on cost and 2% on cost

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.

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.

THE HOUSE OF RAY LIMITED (REGISTERED NUMBER: 09545846)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 80,000
AMORTISATION
At 1 May 2022 56,000
Charge for year 8,000
At 30 April 2023 64,000
NET BOOK VALUE
At 30 April 2023 16,000
At 30 April 2022 24,000

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2022 601,869 481,831 1,083,700
Additions - 66,497 66,497
At 30 April 2023 601,869 548,328 1,150,197
DEPRECIATION
At 1 May 2022 84,262 166,871 251,133
Charge for year 12,037 26,459 38,496
At 30 April 2023 96,299 193,330 289,629
NET BOOK VALUE
At 30 April 2023 505,570 354,998 860,568
At 30 April 2022 517,607 314,960 832,567

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 403 1,549
Other debtors 2,127 1,982
2,530 3,531

THE HOUSE OF RAY LIMITED (REGISTERED NUMBER: 09545846)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,100 20,600
Trade creditors 1,018 3,144
Taxation and social security 575 15,870
Other creditors 82,758 590,231
90,451 629,845

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 964,296 284,128

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 852,562 164,777