RACZ GROUP LTD

Company Registration Number:
09797167 (England and Wales)

Unaudited statutory accounts for the year ended 28 December 2022

Period of accounts

Start date: 31 December 2021

End date: 28 December 2022

RACZ GROUP LTD

Contents of the Financial Statements

for the Period Ended 28 December 2022

Balance sheet
Additional notes
Balance sheet notes

RACZ GROUP LTD

Balance sheet

As at 28 December 2022

Notes 2022 2021


£

£
Fixed assets
Tangible assets: 3 41,500 41,500
Total fixed assets: 41,500 41,500
Current assets
Debtors: 4 6,671,300 6,752,552
Cash at bank and in hand: 10,205 10,205
Investments: 5 7,633,770 7,633,770
Total current assets: 14,315,275 14,396,527
Creditors: amounts falling due within one year: 6 ( 5,686,374 ) ( 8,547,165 )
Net current assets (liabilities): 8,628,901 5,849,362
Total assets less current liabilities: 8,670,401 5,890,862
Creditors: amounts falling due after more than one year: 7 ( 6,651,667 ) ( 3,871,667 )
Total net assets (liabilities): 2,018,734 2,019,195
Capital and reserves
Called up share capital: 1,010 1,010
Profit and loss account: 2,017,724 2,018,185
Total Shareholders' funds: 2,018,734 2,019,195

The notes form part of these financial statements

RACZ GROUP LTD

Balance sheet statements

For the year ending 28 December 2022 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 22 April 2024
and signed on behalf of the board by:

Name: Mike Racz
Status: Director

The notes form part of these financial statements

RACZ GROUP LTD

Notes to the Financial Statements

for the Period Ended 28 December 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

    Other accounting policies

    TaxationTaxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.Deferred TaxDeferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.Timing difference arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or subsequently enacted by the period end and that are expected to apply to the reversal of the timing differences.Unrelieved tax loses and other deferred tax assets are recognised only to the extent that it is possible that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

RACZ GROUP LTD

Notes to the Financial Statements

for the Period Ended 28 December 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 1 1

RACZ GROUP LTD

Notes to the Financial Statements

for the Period Ended 28 December 2022

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 31 December 2021 41,500 41,500
Additions
Disposals
Revaluations
Transfers
At 28 December 2022 41,500 41,500
Depreciation
At 31 December 2021
Charge for year
On disposals
Other adjustments
At 28 December 2022
Net book value
At 28 December 2022 41,500 41,500
At 30 December 2021 41,500 41,500

RACZ GROUP LTD

Notes to the Financial Statements

for the Period Ended 28 December 2022

4. Debtors

2022 2021
£ £
Trade debtors 1,950
Prepayments and accrued income 528,972 528,972
Other debtors 6,140,378 6,223,580
Total 6,671,300 6,752,552

RACZ GROUP LTD

Notes to the Financial Statements

for the Period Ended 28 December 2022

5. Current assets investments note

Listed Investments - £397,589Unlisted Investments - £7,236,181

RACZ GROUP LTD

Notes to the Financial Statements

for the Period Ended 28 December 2022

6. Creditors: amounts falling due within one year note

2022 2021
£ £
Bank loans and overdrafts 1,247,843 4,749,679
Trade creditors 12,546 87,444
Accruals and deferred income 500
Other creditors 4,425,985 3,709,542
Total 5,686,374 8,547,165

RACZ GROUP LTD

Notes to the Financial Statements

for the Period Ended 28 December 2022

7. Creditors: amounts falling due after more than one year note

2022 2021
£ £
Bank loans and overdrafts 6,651,667 3,871,667
Total 6,651,667 3,871,667