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REGISTERED NUMBER: 13506586 (England and Wales)

















AS RAI MANAGEMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 AUGUST 2022 TO 31 MARCH 2023






AS RAI MANAGEMENT LIMITED (REGISTERED NUMBER: 13506586)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 AUGUST 2022 TO 31 MARCH 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


AS RAI MANAGEMENT LIMITED (REGISTERED NUMBER: 13506586)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,194 4,721
Investments 5 231,150 231,150
236,344 235,871

CURRENT ASSETS
Debtors 6 19,083 14,055
Cash at bank 226,105 162,017
245,188 176,072
CREDITORS
Amounts falling due within one year 7 43,815 69,786
NET CURRENT ASSETS 201,373 106,286
TOTAL ASSETS LESS CURRENT
LIABILITIES

437,717

342,157

PROVISIONS FOR LIABILITIES 8 987 897
NET ASSETS 436,730 341,260

CAPITAL AND RESERVES
Called up share capital 9 125 125
Share premium 229,975 229,975
Retained earnings 206,630 111,160
SHAREHOLDERS' FUNDS 436,730 341,260

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Profit and Loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 December 2023 and were signed by:





A Rai - Director


AS RAI MANAGEMENT LIMITED (REGISTERED NUMBER: 13506586)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 AUGUST 2022 TO 31 MARCH 2023

1. STATUTORY INFORMATION

AS Rai Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13506586

Registered office: 71 Knowl Piece
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


AS RAI MANAGEMENT LIMITED (REGISTERED NUMBER: 13506586)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 AUGUST 2022 TO 31 MARCH 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences 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 substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 August 2022 6,125
Additions 1,375
At 31 March 2023 7,500
DEPRECIATION
At 1 August 2022 1,404
Charge for period 902
At 31 March 2023 2,306
NET BOOK VALUE
At 31 March 2023 5,194
At 31 July 2022 4,721

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 August 2022
and 31 March 2023 231,150
NET BOOK VALUE
At 31 March 2023 231,150
At 31 July 2022 231,150

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 15,000 -
Other debtors 4,083 14,055
19,083 14,055

AS RAI MANAGEMENT LIMITED (REGISTERED NUMBER: 13506586)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 AUGUST 2022 TO 31 MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 11,972
Taxation and social security 13,072 19,164
Other creditors 30,743 38,650
43,815 69,786

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 987 897

Deferred
tax
£   
Balance at 1 August 2022 897
Provided during period 90
Balance at 31 March 2023 987

9. CALLED UP SHARE CAPITAL

100 Ordinary shares of £1 each were allotted and fully paid for cash at par on incorporation.

25 Ordinary shares of £1 each were allotted as fully paid at premium of £9,199 per share on 1st April 2022.

10. RELATED PARTY DISCLOSURES

York Group Limited

A company in which AS Rai Management Ltd has a 50% shareholding.

Dividends totalling £120,000 were received from York Group Ltd during the period.

Amounts due to the related party at the balance sheet date is £15,000 (2022 - Nil).