Caseware UK (AP4) 2022.0.179 2022.0.179 2023-09-302023-09-30falsefalseNo description of principal activity2022-10-0111trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08863034 2022-10-01 2023-09-30 08863034 2021-10-01 2022-09-30 08863034 2023-09-30 08863034 2022-09-30 08863034 c:Director1 2022-10-01 2023-09-30 08863034 d:CurrentFinancialInstruments 2023-09-30 08863034 d:CurrentFinancialInstruments 2022-09-30 08863034 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 08863034 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 08863034 d:ShareCapital 2023-09-30 08863034 d:ShareCapital 2022-09-30 08863034 c:FRS102 2022-10-01 2023-09-30 08863034 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 08863034 c:FullAccounts 2022-10-01 2023-09-30 08863034 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 08863034 6 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure

Registered number: 08863034










RATCLIFFE SPECIALIST SERVICES LTD








UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
RATCLIFFE SPECIALIST SERVICES LTD
REGISTERED NUMBER:08863034

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
46,125
46,125

Current assets
  

Bank and cash balances
  
109,887
150,958

  
109,887
150,958

Creditors: amounts falling due within one year
 5 
(109,887)
(150,958)

Net current assets
  
 
 
-
 
 
-

Total assets less current liabilities
  
46,125
46,125

  

Net assets
  
46,125
46,125


Capital and reserves
  

Called up share capital 
  
46,125
46,125

  
46,125
46,125


The director considers 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - small entities.

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 statement of comprehensive income 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: 




................................................
Mr N F Ratcliffe
Director

Date: 29 February 2024

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
RATCLIFFE SPECIALIST SERVICES LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

Ratcliffe Specialist Services Ltd (“the company”) is a private company limited by shares, incorporated in England and Wales under the Companies Act.
The registered number and address of the registered office is given in the company information. 
The functional and presentational currency of the company is pounds sterling (£) and rounded to the nearest whole pound.

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 Section 1A of 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

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.3

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.

Page 2

 
RATCLIFFE SPECIALIST SERVICES LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.4

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Investments in non-derivative instruments that are equity to the issuer are measured:
at fair value with changes recognised in the Statement of Comprehensive Income if the shares are publicly traded or their fair value can otherwise be measured reliably;
at cost less impairment for all other investments.

Financial assets that are 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 Statement of Comprehensive Income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a 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.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

 
RATCLIFFE SPECIALIST SERVICES LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 October 2022
46,125



At 30 September 2023
46,125




Frank Ratcliffe & Son Limited is a wholly owned subsidiary of Ratcliffe Specialist Services Ltd.


5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
109,887
150,958

109,887
150,958


Amounts owed to group undertakings are unsecured, interest free and repayable on demand.

 
Page 4