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Company Registration No. 05997638 (England and Wales)
Rafles Limited Unaudited accounts for the year ended 31 March 2023
Rafles Limited Unaudited accounts Contents
Page
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Rafles Limited Company Information for the year ended 31 March 2023
Director
Lakshani Balendran
Secretary
Inpan Thiagesapillai
Company Number
05997638 (England and Wales)
Registered Office
7 Fallowfield Stanmore Middlesex HA7 3DF
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Rafles Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
113,113 
150,816 
Tangible assets
88,000 
100,528 
201,113 
251,344 
Current assets
Debtors
31,873 
29,444 
Cash at bank and in hand
159,358 
148,008 
191,231 
177,452 
Creditors: amounts falling due within one year
(238,546)
(262,287)
Net current liabilities
(47,315)
(84,835)
Total assets less current liabilities
153,798 
166,509 
Creditors: amounts falling due after more than one year
(21,741)
(31,446)
Net assets
132,057 
135,063 
Capital and reserves
Called up share capital
3 
3 
Profit and loss account
132,054 
135,060 
Shareholders' funds
132,057 
135,063 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 March 2024 and were signed on its behalf by
Lakshani Balendran Director Company Registration No. 05997638
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Rafles Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Rafles Limited is a private company, limited by shares, registered in England and Wales, registration number 05997638. The registered office is 7 Fallowfield, Stanmore, Middlesex, HA7 3DF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on reducing balance
Computer equipment
20% on reducing balance
Intangible fixed assets
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.
4
Intangible fixed assets
Total 
£ 
Cost
At 1 April 2022
377,034 
At 31 March 2023
377,034 
Amortisation
At 1 April 2022
226,218 
Charge for the year
37,703 
At 31 March 2023
263,921 
Net book value
At 31 March 2023
113,113 
At 31 March 2022
150,816 
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Rafles Limited Notes to the Accounts for the year ended 31 March 2023
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 April 2022
254,203 
Additions
9,471 
At 31 March 2023
263,674 
Depreciation
At 1 April 2022
153,675 
Charge for the year
21,999 
At 31 March 2023
175,674 
Net book value
At 31 March 2023
88,000 
At 31 March 2022
100,528 
6
Average number of employees
During the year the average number of employees was 34 (2022: 37).
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