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REGISTERED NUMBER: 10300280 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Ravi Seesurrun Practice Limited

Ravi Seesurrun Practice Limited (Registered number: 10300280)






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




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Ravi Seesurrun Practice Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: R Seesurrun
A Seesurrun





REGISTERED OFFICE: Endeavour House
78 Stafford Road
Wallington
Surrey
SM6 9AY





REGISTERED NUMBER: 10300280 (England and Wales)





ACCOUNTANTS: PB Partners LLP
Endeavour House
78 Stafford Road
Wallington
Surrey
SM6 9AY

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Ravi Seesurrun Practice Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ravi Seesurrun Practice Limited for the year ended 31 March 2023 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Ravi Seesurrun Practice Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ravi Seesurrun Practice Limited and state those matters that we have agreed to state to the Board of Directors of Ravi Seesurrun Practice Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ravi Seesurrun Practice Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ravi Seesurrun Practice Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ravi Seesurrun Practice Limited. You consider that Ravi Seesurrun Practice Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ravi Seesurrun Practice Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






PB Partners LLP
Endeavour House
78 Stafford Road
Wallington
Surrey
SM6 9AY


10 November 2023

Ravi Seesurrun Practice Limited (Registered number: 10300280)

Statement of Financial Position
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,231,272 2,484,331
Tangible assets 5 890 1,777
2,232,162 2,486,108

CURRENT ASSETS
Debtors 6 88,943 137,796
Cash at bank 320,419 326,470
409,362 464,266
CREDITORS
Amounts falling due within one year 7 522,425 531,446
NET CURRENT LIABILITIES (113,063 ) (67,180 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,119,099

2,418,928

CREDITORS
Amounts falling due after more than one
year

8

1,599,082

1,997,234
NET ASSETS 520,017 421,694

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 519,917 421,594
SHAREHOLDERS' FUNDS 520,017 421,694

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

Ravi Seesurrun Practice Limited (Registered number: 10300280)

Statement of Financial Position - continued
31 March 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 10 November 2023 and were signed on its behalf by:





R Seesurrun - Director


Ravi Seesurrun Practice Limited (Registered number: 10300280)

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

1. STATUTORY INFORMATION

Ravi Seesurrun Practice 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.

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.

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 the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 25% per annum 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 ) .

Ravi Seesurrun Practice Limited (Registered number: 10300280)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 3,669,357
AMORTISATION
At 1 April 2022 1,185,026
Charge for year 253,059
At 31 March 2023 1,438,085
NET BOOK VALUE
At 31 March 2023 2,231,272
At 31 March 2022 2,484,331

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2022
and 31 March 2023 5,741
DEPRECIATION
At 1 April 2022 3,964
Charge for year 887
At 31 March 2023 4,851
NET BOOK VALUE
At 31 March 2023 890
At 31 March 2022 1,777

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 46,769 93,817
Other debtors 36,152 35,457
Prepayments 6,022 8,522
88,943 137,796

Ravi Seesurrun Practice Limited (Registered number: 10300280)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 211,346 187,911
Other loans 190,139 180,628
Trade creditors - 289
Corporation tax 111,976 137,245
Social security and other taxes - 2,708
Other creditors 5,652 10,603
Directors' current accounts 312 9,062
Accruals and deferred income 3,000 3,000
522,425 531,446

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 217,963 211,346
Bank loans - 2-5 years 570,462 598,125
Bank loans more 5 yr by instal 319,831 537,836
Other loans - 1-2 years 275,253 342,449
Other loans - 2-5 years 215,573 124,018
Other loans more 5yrs instal - 183,460
1,599,082 1,997,234

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 319,831 537,836
Other loans more 5yrs instal - 183,460
319,831 721,296

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 1,319,602 1,535,218

Metro Bank Plc has a first debenture over all the assets of the company, as well as a personal guarantee from the directors limited to £1,950,000.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R Seesurrun.