Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-31112111342023-03-312022-04-01false3111falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11211134 2022-04-01 2023-03-31 11211134 2021-04-01 2022-03-31 11211134 2023-03-31 11211134 2022-03-31 11211134 c:Director3 2022-04-01 2023-03-31 11211134 d:MotorVehicles 2022-04-01 2023-03-31 11211134 d:MotorVehicles 2023-03-31 11211134 d:MotorVehicles 2022-03-31 11211134 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 11211134 d:FurnitureFittings 2022-04-01 2023-03-31 11211134 d:FurnitureFittings 2023-03-31 11211134 d:FurnitureFittings 2022-03-31 11211134 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 11211134 d:ComputerEquipment 2022-04-01 2023-03-31 11211134 d:ComputerEquipment 2023-03-31 11211134 d:ComputerEquipment 2022-03-31 11211134 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 11211134 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 11211134 d:PatentsTrademarksLicencesConcessionsSimilar 2022-04-01 2023-03-31 11211134 d:PatentsTrademarksLicencesConcessionsSimilar 2023-03-31 11211134 d:PatentsTrademarksLicencesConcessionsSimilar 2022-03-31 11211134 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-04-01 2023-03-31 11211134 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-03-31 11211134 d:CopyrightsPatentsTrademarksServiceOperatingRights 2022-03-31 11211134 d:ComputerSoftware 2023-03-31 11211134 d:ComputerSoftware 2022-03-31 11211134 d:OtherResidualIntangibleAssets 2022-04-01 2023-03-31 11211134 d:CurrentFinancialInstruments 2022-04-01 2023-03-31 11211134 d:CurrentFinancialInstruments 2023-03-31 11211134 d:CurrentFinancialInstruments 2022-03-31 11211134 d:Non-currentFinancialInstruments 2022-04-01 2023-03-31 11211134 d:Non-currentFinancialInstruments 2023-03-31 11211134 d:Non-currentFinancialInstruments 2022-03-31 11211134 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11211134 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 11211134 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 11211134 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 11211134 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 11211134 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-03-31 11211134 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 11211134 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 11211134 d:ShareCapital 2023-03-31 11211134 d:ShareCapital 2022-03-31 11211134 d:SharePremium 2022-04-01 2023-03-31 11211134 d:SharePremium 2023-03-31 11211134 d:SharePremium 2022-03-31 11211134 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 11211134 d:RetainedEarningsAccumulatedLosses 2023-03-31 11211134 d:RetainedEarningsAccumulatedLosses 2022-03-31 11211134 c:OrdinaryShareClass1 2022-04-01 2023-03-31 11211134 c:OrdinaryShareClass1 2023-03-31 11211134 c:OrdinaryShareClass1 2022-03-31 11211134 c:FRS102 2022-04-01 2023-03-31 11211134 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 11211134 c:FullAccounts 2022-04-01 2023-03-31 11211134 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 11211134 d:WithinOneYear 2023-03-31 11211134 d:WithinOneYear 2022-03-31 11211134 d:BetweenOneFiveYears 2023-03-31 11211134 d:BetweenOneFiveYears 2022-03-31 11211134 d:PatentsTrademarksLicencesConcessionsSimilar d:ExternallyAcquiredIntangibleAssets 2022-04-01 2023-03-31 11211134 d:CopyrightsPatentsTrademarksServiceOperatingRights d:ExternallyAcquiredIntangibleAssets 2022-04-01 2023-03-31 11211134 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2022-04-01 2023-03-31 11211134 d:ExternallyAcquiredIntangibleAssets 2022-04-01 2023-03-31 11211134 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2022-04-01 2023-03-31 11211134 d:CopyrightsPatentsTrademarksServiceOperatingRights d:OwnedIntangibleAssets 2022-04-01 2023-03-31 11211134 d:ComputerSoftware d:OwnedIntangibleAssets 2022-04-01 2023-03-31 iso4217:GBP xbrli:shares xbrli:pure



















Raw Infrastructure Limited

Registered number: 11211134
Information for filing with the Registrar
For the year ended 31 March 2023

 
 11211134
31 March 2023
RAW INFRASTRUCTURE LIMITED
REGISTERED NUMBER: 11211134

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 5 
212,732
172,468

Tangible assets
 6 
309,608
49,870

  
522,340
222,338

Current assets
  

Stocks
 7 
15,999,270
1,137,966

Debtors: amounts falling due within one year
 8 
4,439,773
1,200,869

Cash at bank and in hand
 9 
252,422
198,037

  
20,691,465
2,536,872

Creditors: amounts falling due within one year
 10 
(27,420,979)
(4,723,221)

Net current liabilities
  
 
 
(6,729,514)
 
 
(2,186,349)

Total assets less current liabilities
  
(6,207,174)
(1,964,011)

Creditors: amounts falling due after more than one year
 11 
(26,000)
(35,750)

  

Net liabilities
  
(6,233,174)
(1,999,761)


Capital and reserves
  

Called up share capital 
 13 
115
115

Share premium account
 14 
93,301
93,301

Profit and loss account
 14 
(6,326,590)
(2,093,177)

  
(6,233,174)
(1,999,761)


Page 1

 
 11211134
31 March 2023
RAW INFRASTRUCTURE LIMITED
REGISTERED NUMBER: 11211134
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

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 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 on 12 March 2024.




N R De Mestre
Director

The notes on pages 3 to 16 form part of these financial statements.

Page 2

 
 11211134
31 March 2023
RAW INFRASTRUCTURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Raw Infrastructure Limited is a private company limited by shares incorporated in England and Wales, registered number 11211134. The registered office is Bowcliffe Hall, Bramham, Wetherby, Yorkshire, England, LS23 6LP.
The principal activity of the Company is that of the development and provision of electric vehicle charging infrastructure.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the Company has the support of the Parent Company through a guarantee which confirms the Parent Company will support the Company for the foreseeable future.  As a result, the Company will continue to trade for at least 12 months from the date of these financial statements. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements of the Company. 
 
Page 3

 
 11211134
31 March 2023
RAW INFRASTRUCTURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP, rounded to the nearest £.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 4

 
 11211134
31 March 2023
RAW INFRASTRUCTURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

  
2.6

Government grants

The UK government has offered a range of financial support packages to help companies, including government backed financing arrangements, furlough schemes, deferment of VAT payments and, for some sectors, business rates holidays. Of the offered schemes, the company used the government backed financing arrangements, of which the first 12 months interest for the bank loan has been backed by the government. 
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.
 
Page 5

 
 11211134
31 March 2023
RAW INFRASTRUCTURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.9

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.10

Taxation

Tax is recognised in profit or loss 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 6

 
 11211134
31 March 2023
RAW INFRASTRUCTURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.11

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Intellectual property
-
3
years
Contracts with customers
-
3
years
Computer software
-
2
years

 
2.12

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.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

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:

Motor vehicles
-
5 years
Fixtures & fittings
-
3 years
Computer equipment
-
2 years

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.

Page 7

 
 11211134
31 March 2023
RAW INFRASTRUCTURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

  
2.13

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential.
At each reporting date, an assessment is made for impairment. Any excess  of  the  carrying  amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in The Statement of Comprehensive Income. Reversals of impairment losses are also recognised in The Statement of Comprehensive Income.

 
2.14

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.15

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.

 
2.16

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 8

 
 11211134
31 March 2023
RAW INFRASTRUCTURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.17

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Page 9

 
 11211134
31 March 2023
RAW INFRASTRUCTURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.17
Financial instruments (continued)

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

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

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Page 10

 
 11211134
31 March 2023
RAW INFRASTRUCTURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The critical judgements that management have made in the process of applying the Group’s accounting policies that have the most significant effect on the amounts recognised in the statutory financial statements are discussed below.
Stock obsolescence review
Stock is valued at the lower of its cost and net realisable value and slow moving or obsolete stock is considered and provided for in line with the requirements of FRS102. The group holds high levels of stock and there is inherent judgement applied in determining the forecasted deployment timeline for future useage of stock held by the group. As such stock obsolescence provisions are a key area of judgement. 

4.


Employees

The average monthly number of employees, including directors, during the year was 31 (2022 - 11).


5.


Intangible assets




Intellectual property
Contracts with customers
Computer software
Total

£
£
£
£



Cost


At 1 April 2022 
142,930
57,355
-
200,285


Additions
-
-
107,025
107,025



At 31 March 2023

142,930
57,355
107,025
307,310



Amortisation


At 1 April 2022
19,851
7,966
-
27,817


Charge for the year
47,643
19,118
-
66,761



At 31 March 2023

67,494
27,084
-
94,578



Net book value



At 31 March 2023
75,436
30,271
107,025
212,732



At 31 March 2022
123,079
49,389
-
172,468

Computer software was not in use during the year and so amortisation has not been charged on these assets.



Page 11

 
 11211134
31 March 2023
RAW INFRASTRUCTURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Tangible fixed assets





Motor vehicles
Fixtures & fittings
Computer equipment
Total

£
£
£
£



Cost


At 1 April 2022
46,438
1,872
7,453
55,763


Additions
10,290
241,750
46,543
298,583



At 31 March 2023

56,728
243,622
53,996
354,346



Depreciation


At 1 April 2022 
774
1,872
3,247
5,893


Charge for the year
9,287
13,886
15,672
38,845



At 31 March 2023

10,061
15,758
18,919
44,738



Net book value



At 31 March 2023
46,667
227,864
35,077
309,608



At 31 March 2022
45,664
-
4,206
49,870


7.


Stocks

2023
2022
£
£

Hardware and consumables
12,300,349
1,108,946

Work in progress
3,698,921
29,020

15,999,270
1,137,966


Page 12

 
 11211134
31 March 2023
RAW INFRASTRUCTURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Debtors

2023
2022
£
£


Trade debtors
653,851
205,395

Amounts owed by group undertakings
2,044,047
605,487

Other debtors
1,537,690
222,682

Prepayments & accrued income
204,185
167,305

4,439,773
1,200,869


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


9.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
252,422
198,037



10.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loan
9,750
9,750

Trade creditors
1,851,552
1,270,158

Amounts owed to group undertakings
24,534,801
3,283,305

Other taxation and social security
83,794
31,225

Other creditors
38,745
19,219

Accruals and deferred income
902,337
109,564

27,420,979
4,723,221


Amounts owed to group undertakings are unsecured, interest free and repayable on demand.
The bank loan held by the Company was repaid in full after the year end.

Page 13

 
 11211134
31 March 2023
RAW INFRASTRUCTURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

11.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loan
26,000
35,750


The bank loan held by the Company was repaid in full after the year end.


12.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loan
9,750
9,750

Amounts falling due 1-2 years

Bank loan
9,750
9,750

Amounts falling due 2-5 years

Bank loan
16,250
26,000


35,750
45,500



13.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



114,813 (2022 - 114,813) Ordinary shares of £0.001 each
115
115

All Ordinary shares hold full voting, dividend and distribution rights.


Page 14

 
 11211134
31 March 2023
RAW INFRASTRUCTURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

14.


Reserves

Share premium account

The share premium account reserves represents the premium paid above the nominal value of share capital issued.

Profit & loss account

The profit and loss account reserve represents cumulative profits and losses made by the Company to date less dividends distributed to shareholders.


15.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £32,356 (2022 - £6,262). Contributions totaling £7,237 (2022 - £2,842) were payable to the fund at the balance sheet date and are included in creditors.


16.


Commitments under operating leases

At 31 March 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
168,667
25,557

Later than 1 year and not later than 5 years
423,103
12,807

591,770
38,364


17.


Related party transactions

The Company has taken advantage of the exemption conferred by FRS 102 paragraph 33.1A and has not disclosed transactions and outstanding balances with its fellow subsidiary undertakings or parent undertaking on the basis that all the relevant companies are directly or indirectly wholly owned by Raw Charging Group Limited.
During the year, the Company made purchases of £11,408 (2022: £25,682) from an other related party. As at the year end the balance outstanding is £1,036 (2022: £810).

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 11211134
31 March 2023
RAW INFRASTRUCTURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

18.


Controlling party

The immediate parent undertaking is Raw Charging Group Limited, a company registered in England & Wales. 
The ultimate controlling party, by virtue of majority shareholding in the Parent Company, is Antin Infrastructure Services Luxembourg Li, a company incorporated in Luxembourg. 

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