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REGISTERED NUMBER: 03826118 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

RATHBORNE & ROCHE LIMITED

RATHBORNE & ROCHE LIMITED (REGISTERED NUMBER: 03826118)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RATHBORNE & ROCHE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTOR: P Rathborne





REGISTERED OFFICE: 5 East Park
Crawley
West Sussex
RH10 6AN





REGISTERED NUMBER: 03826118 (England and Wales)





ACCOUNTANTS: Galloways Accounting
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE

RATHBORNE & ROCHE LIMITED (REGISTERED NUMBER: 03826118)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 14,400 18,000
Tangible assets 5 3,546 2,325
17,946 20,325

CURRENT ASSETS
Debtors 6 180,823 145,075
Cash at bank and in hand 90,483 42,161
271,306 187,236
CREDITORS
Amounts falling due within one year 7 147,701 110,092
NET CURRENT ASSETS 123,605 77,144
TOTAL ASSETS LESS CURRENT
LIABILITIES

141,551

97,469

CREDITORS
Amounts falling due after more than one
year

8

(31,945

)

(37,501

)

PROVISIONS FOR LIABILITIES 10 (730 ) (850 )
NET ASSETS 108,876 59,118

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 108,866 59,108
SHAREHOLDERS' FUNDS 108,876 59,118

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

RATHBORNE & ROCHE LIMITED (REGISTERED NUMBER: 03826118)

BALANCE SHEET - continued
31 AUGUST 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 February 2024 and were signed by:





P Rathborne - Director


RATHBORNE & ROCHE LIMITED (REGISTERED NUMBER: 03826118)

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


1. STATUTORY INFORMATION

Rathborne & Roche 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.

Turnover represents net invoiced sales of consulting services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures, fittings and equipment - 25% reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

RATHBORNE & ROCHE LIMITED (REGISTERED NUMBER: 03826118)

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


2. ACCOUNTING POLICIES - continued

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

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 72,000
AMORTISATION
At 1 September 2022 54,000
Charge for year 3,600
At 31 August 2023 57,600
NET BOOK VALUE
At 31 August 2023 14,400
At 31 August 2022 18,000

5. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and
equipment
£   
COST
At 1 September 2022 19,946
Additions 1,904
Disposals (2,184 )
At 31 August 2023 19,666
DEPRECIATION
At 1 September 2022 17,621
Charge for year 623
Eliminated on disposal (2,124 )
At 31 August 2023 16,120
NET BOOK VALUE
At 31 August 2023 3,546
At 31 August 2022 2,325

RATHBORNE & ROCHE LIMITED (REGISTERED NUMBER: 03826118)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 56,810 98,577
Other debtors 5,250 5,250
Directors' loan accounts - 5,736
Prepayments and accrued income 118,763 35,512
180,823 145,075

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,556 5,849
Trade creditors 25,441 7,616
Corporation tax 30,127 8,137
VAT 25,858 21,799
Other creditors 7,421 9,963
Directors' current accounts 48,358 48,312
Accrued expenses 4,940 8,416
147,701 110,092

The amount due to the director is interest free and repayable on demand.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 5,556 5,556
Bank loans - 2-5 years 16,667 16,667
Bank loans more 5 yr by instal 9,722 15,278
31,945 37,501

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 9,722 15,278

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 17,500 21,000
Between one and five years - 17,500
17,500 38,500

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 730 850

RATHBORNE & ROCHE LIMITED (REGISTERED NUMBER: 03826118)

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


10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 September 2022 850
Provided during year (120 )
Balance at 31 August 2023 730