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REGISTERED NUMBER: 11889314 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

RACHEL PATERSON LIMITED

RACHEL PATERSON LIMITED (REGISTERED NUMBER: 11889314)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


RACHEL PATERSON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Ms R L Paterson
T G Bell





REGISTERED OFFICE: 121a Priory Road
London
NW6 3NN





REGISTERED NUMBER: 11889314 (England and Wales)





ACCOUNTANTS: Andorran Limited
6 Manor Park Business Centre
Mackenzie Way
Cheltenham
Gloucestershire
GL51 9TX

RACHEL PATERSON LIMITED (REGISTERED NUMBER: 11889314)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 5,739 6,580

CURRENT ASSETS
Stocks - 15,725
Debtors 643 14,980
Cash at bank 27,330 49,800
27,973 80,505
CREDITORS
Amounts falling due within one year (1,542 ) (25,936 )
NET CURRENT ASSETS 26,431 54,569
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,170

61,149

PROVISIONS FOR LIABILITIES (1,090 ) (1,250 )
NET ASSETS 31,080 59,899

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 31,079 59,898
SHAREHOLDERS' FUNDS 31,080 59,899

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.

RACHEL PATERSON LIMITED (REGISTERED NUMBER: 11889314)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 23 November 2023 and were signed on its behalf by:





Ms R L Paterson - Director


RACHEL PATERSON LIMITED (REGISTERED NUMBER: 11889314)

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

1. STATUTORY INFORMATION

Rachel Paterson 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.

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

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

RACHEL PATERSON LIMITED (REGISTERED NUMBER: 11889314)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 8,709
Additions 1,558
Disposals (1,175 )
At 31 March 2023 9,092
DEPRECIATION
At 1 April 2022 2,129
Charge for year 1,949
Eliminated on disposal (725 )
At 31 March 2023 3,353
NET BOOK VALUE
At 31 March 2023 5,739
At 31 March 2022 6,580

5. RELATED PARTY DISCLOSURES

Ms R L Paterson
Director and shareholder


In a previous period Ms Paterson loaned the company £655 for working capital. During the year the company repaid Ms Paterson £12.This amount is interest-free and repayable on demand.

31.3.23 31.3.22
£    £   
Amount due to related party at the balance sheet date 643 655