Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-316true2022-04-01falseNo description of principal activity6truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00749604 2022-04-01 2023-03-31 00749604 2021-04-01 2022-03-31 00749604 2023-03-31 00749604 2022-03-31 00749604 c:CompanySecretary1 2022-04-01 2023-03-31 00749604 c:Director1 2022-04-01 2023-03-31 00749604 c:Director2 2022-04-01 2023-03-31 00749604 c:Director3 2022-04-01 2023-03-31 00749604 c:Director4 2022-04-01 2023-03-31 00749604 c:RegisteredOffice 2022-04-01 2023-03-31 00749604 d:FurnitureFittings 2022-04-01 2023-03-31 00749604 d:ComputerEquipment 2022-04-01 2023-03-31 00749604 d:ComputerEquipment 2023-03-31 00749604 d:ComputerEquipment 2022-03-31 00749604 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 00749604 d:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 00749604 d:CurrentFinancialInstruments 2023-03-31 00749604 d:CurrentFinancialInstruments 2022-03-31 00749604 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 00749604 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 00749604 d:ShareCapital 2023-03-31 00749604 d:ShareCapital 2022-03-31 00749604 d:RetainedEarningsAccumulatedLosses 2023-03-31 00749604 d:RetainedEarningsAccumulatedLosses 2022-03-31 00749604 c:OrdinaryShareClass1 2022-04-01 2023-03-31 00749604 c:OrdinaryShareClass1 2023-03-31 00749604 c:OrdinaryShareClass1 2022-03-31 00749604 c:FRS102 2022-04-01 2023-03-31 00749604 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 00749604 c:FullAccounts 2022-04-01 2023-03-31 00749604 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure


Registered number: 00749604












RAYRON PROPERTY (ADMINISTRATION) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

 

RAYRON PROPERTY (ADMINISTRATION) LIMITED

CONTENTS



Page
Company information
 
1
Balance sheet
 
2 - 3
Notes to the financial statements
 
4 - 8


 

RAYRON PROPERTY (ADMINISTRATION) LIMITED
 
COMPANY INFORMATION


Directors
R Glatter 
P A Hanbury 
R E Hanbury 
J C Kaye 




Company secretary
R Glatter



Registered number
00749604



Registered office
16 Great Queen Street
Covent Garden

London

WC2B 5AH




Accountants
Blick Rothenberg Limited
Chartered Accountants

16 Great Queen Street

Covent Garden

London

WC2B 5AH




Page 1


 
REGISTERED NUMBER:00749604
RAYRON PROPERTY (ADMINISTRATION) LIMITED

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
700
236

  
700
236

Current assets
  

Debtors: amounts falling due within one year
 5 
159,877
151,742

Cash at bank and in hand
  
53,796
92,254

  
213,673
243,996

Creditors: amounts falling due within one year
 6 
(54,767)
(77,765)

Net current assets
  
 
 
158,906
 
 
166,231

  

Net assets
  
159,606
166,467


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
159,506
166,367

Total equity
  
159,606
166,467


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject
to the small companies' regime within Part 15 of the Companies Act 2006 and in accordance with Section 1A of
Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of
Ireland.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




R Glatter
Director
Page 2


 
REGISTERED NUMBER:00749604
RAYRON PROPERTY (ADMINISTRATION) LIMITED
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023


Date: 20 November 2023

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 

RAYRON PROPERTY (ADMINISTRATION) LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Rayron Property (Administration) Limited is a private company limited by shares incorporated in England
and Wales. The address of its registered office is 16 Great Queen Street, Covent Garden, London, WC2B 5AH.
The financial statements are presented in Sterling (£).

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

After making enquiries, the directors have a reasonable expectation that the company has adequate
resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements
were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

  
2.3

Revenue

Revenue from contracts to provide management services is recognised in the period in which the services are provided. Revenue is recognised to the extent that is probable that the company will receive the consideration due under the contract and the amount of revenue can be measured reliably. Revenue is measured as the fair value of the consideration received or receivable, excluding value added tax.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.

Page 4

 

RAYRON PROPERTY (ADMINISTRATION) LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
Other fixed assets
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.


2.5

Financial instruments

The company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments.

Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. 

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. 
 
The company’s policies for its major classes of financial assets and financial liabilities are set out below. 

Financial assets
Basic financial assets, including trade and other debtors and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Financial liabilities

Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Page 5

 

RAYRON PROPERTY (ADMINISTRATION) LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)




Financial instruments (continued)

Impairment of financial assets
Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. 

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the company would receive for the asset if it were to be sold at the reporting date. 

For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets and financial liabilities
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. 
 
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Offsetting of financial assets and financial liabilities
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

  
2.7

Share Capital

Ordinary shares are classified as equity.

Page 6

 

RAYRON PROPERTY (ADMINISTRATION) LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.8

Taxation

Tax is recognised in the profit and loss account, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in
equity is also recognised in other comprehensive income or directly in equity respectively.
Current tax is the amount of income tax payable in respect of loss for the year or prior years.
The current income tax charge is calculated on the basis of tax rates and laws that have been
enacted or substantively enacted by the balance sheet date in the countries where the company
operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2022 - 6).


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 April 2022
2,320


Additions
1,044


Disposals
(1,004)



At 31 March 2023

2,360



Depreciation


At 1 April 2022
2,084


Charge for the year
579


Disposals
(1,003)



At 31 March 2023

1,660



Net book value



At 31 March 2023
700



At 31 March 2022
236

Page 7

 

RAYRON PROPERTY (ADMINISTRATION) LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Debtors

2023
2022
£
£


Trade debtors
156,287
149,511

Other debtors
139
-

Prepayments and accrued income
3,451
2,231

159,877
151,742



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
-
3,416

Other taxation and social security
-
19,907

Other creditors
52
286

Accruals and deferred income
54,715
54,156

54,767
77,765



7.


Share capital

2023
2022
£
£
Shares classified as equity

Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100


 
Page 8