2023-04-012024-03-312024-03-31false12431555RAINDROP TECHNOLOGIES HOLDINGS 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RAINDROP TECHNOLOGIES HOLDINGS LTD

Registered Number
12431555
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

RAINDROP TECHNOLOGIES HOLDINGS LTD
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

ROSS, Marco Rene
FORTIO, Philip Daniel
SHRIDHARANI, Vivan Amar

Company Secretary

MBM SECRETARIAL SERVICES LIMITED

Registered Address

Runway East London Bridge
20 St Thomas Street
London
SE1 9RS

Registered Number

12431555 (England and Wales)
RAINDROP TECHNOLOGIES HOLDINGS LTD
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Current assets
Debtors367,379321,757
Cash at bank and on hand140,315513,624
507,694835,381
Creditors amounts falling due within one year4(98,527)(56,012)
Net current assets (liabilities)409,167779,369
Total assets less current liabilities409,167779,369
Net assets409,167779,369
Capital and reserves
Called up share capital3,531,2903,525,591
Other reserves136,01382,955
Profit and loss account(3,258,136)(2,829,177)
Shareholders' funds6409,167779,369
The financial statements were approved and authorised for issue by the Board of Directors on 18 April 2024, and are signed on its behalf by:
ROSS, Marco Rene
Director
Registered Company No. 12431555
RAINDROP TECHNOLOGIES HOLDINGS LTD
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Full depreciation at purchase date.
2.Average number of employees

20242023
Average number of employees during the year2019
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 235,229
Additions7,864
At 31 March 2413,093
Depreciation and impairment
At 01 April 235,229
Charge for year7,864
At 31 March 2413,093
Net book value
At 31 March 24-
At 31 March 23-
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables48,3477,752
Bank borrowings and overdrafts5,860-
Taxation and social security10,9796,752
Accrued liabilities and deferred income33,34141,508
Total98,52756,012
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Capital commitments
29495 Share options granted to third parties.
6.Fair value reserve
EMI Scheme expensed over a four year period