2023-01-01 2023-12-31 false No description of principal activity Capium Accounts Production 1.1 09676528 bus:AbridgedAccounts 2023-01-01 2023-12-31 09676528 bus:FRS102 2023-01-01 2023-12-31 09676528 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 09676528 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09676528 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09676528 2023-01-01 2023-12-31 09676528 2023-12-31 09676528 bus:RegisteredOffice 2023-01-01 2023-12-31 09676528 core:WithinOneYear 2023-12-31 09676528 core:AfterOneYear 2023-12-31 09676528 bus:Director1 2023-01-01 2023-12-31 09676528 bus:Director1 2023-12-31 09676528 bus:Director1 2022-01-01 2022-12-31 09676528 2022-01-01 09676528 bus:CompanySecretary1 2023-01-01 2023-12-31 09676528 bus:LeadAgentIfApplicable 2023-01-01 2023-12-31 09676528 2022-01-01 2022-12-31 09676528 2022-12-31 09676528 core:WithinOneYear 2022-12-31 09676528 core:AfterOneYear 2022-12-31 09676528 bus:EntityAccountantsOrAuditors 2022-01-01 2022-12-31 09676528 core:FurnitureFittings 2023-01-01 2023-12-31 09676528 core:FurnitureFittings 2023-12-31 09676528 core:FurnitureFittings 2022-12-31 09676528 core:ComputerEquipment 2023-01-01 2023-12-31 09676528 core:ComputerEquipment 2023-12-31 09676528 core:ComputerEquipment 2022-12-31 09676528 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-12-31 09676528 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-12-31 09676528 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 09676528 core:CostValuation core:Non-currentFinancialInstruments 2022-12-31 09676528 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-12-31 09676528 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-12-31 09676528 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-12-31 09676528 core:Non-currentFinancialInstruments 2023-12-31 09676528 core:Non-currentFinancialInstruments 2022-12-31 09676528 core:ShareCapital 2023-12-31 09676528 core:ShareCapital 2022-12-31 09676528 core:RetainedEarningsAccumulatedLosses 2023-12-31 09676528 core:RetainedEarningsAccumulatedLosses 2022-12-31 09676528 dpl:Item1 2023-01-01 09676528 dpl:Item1 2023-12-31 09676528 dpl:Item1 2022-01-01 09676528 dpl:Item1 2022-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 09676528


 

 

 

RAGSUBSEA LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 January 2023

End date: 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ragsubsea Limited for the year ended 31 December 2023 which comprise the income statement, the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given to us.

We have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report is made solely to the Board of directors of Ragsubsea Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Ragsubsea Limited and state those matters that we have agreed to state to the Board of directors of Ragsubsea Limited.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ragsubsea Limited and its Board of directors, as a body, for our work or for this report.

It is your duty to ensure that Ragsubsea Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the company's assets, liabilities, financial position and profit . You consider that Ragsubsea Limited is exempt from the statutory audit requirement for the year.



....................................................
Michael D Nichols Ltd
West Suite, 1 Tolherst Court,
Turkey Mill, Ashford Road,
Maidstone
ME14 5SF
04 April 2024
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 499    482 
499    482 
Current assets      
Debtors 324    296 
Cash at bank and in hand 250,486    233,927 
250,810    234,223 
Creditors: amount falling due within one year (21,922)   (20,119)
Net current assets 228,888    214,104 
 
Total assets less current liabilities 229,387    214,586 
Net assets 229,387    214,586 
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account 229,386    214,585 
Shareholder's funds 229,387    214,586 
 


For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 04 April 2024 and were signed by:


-------------------------------
Mr R Glynn
Director
2
General Information
Ragsubsea Limited is a private company, limited by shares, registered in , registration number 09676528, registration address 35 Ordnance Hill, London, NW8 6PS.

The presentation currency is £ sterling.
1.

Accounting policies

Basis of preparation
Statement of compliance These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. Basis of preparation The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies. The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.

Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated capital and reserves in respect of that asset, the excess is recognised in profit or loss.


Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over the useful lives on the following basis:
Fixtures and Fittings 4 Years Straight Line
Computer Equipment 4 Years Straight Line
2.

Average number of employees

Average number of employees during the year was 1 (2022 : 1).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 January 2023 602    4,625    5,227 
Additions   666    666 
Disposals    
At 31 December 2023 602    5,291    5,893 
Depreciation
At 01 January 2023 451    4,294    4,745 
Charge for year 151    498    649 
On disposals    
At 31 December 2023 602    4,792    5,394 
Net book values
Closing balance as at 31 December 2023   499    499 
Opening balance as at 01 January 2023 151    331    482 


3