Caseware UK (AP4) 2023.0.135 2023.0.135 2023-01-010falseNo description of principal activity0falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11500226 2023-01-01 2023-12-31 11500226 2022-01-01 2022-12-31 11500226 2023-12-31 11500226 2022-12-31 11500226 c:Director1 2023-01-01 2023-12-31 11500226 d:ComputerEquipment 2023-01-01 2023-12-31 11500226 d:ComputerEquipment 2023-12-31 11500226 d:ComputerEquipment 2022-12-31 11500226 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11500226 d:CurrentFinancialInstruments 2023-12-31 11500226 d:CurrentFinancialInstruments 2022-12-31 11500226 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11500226 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11500226 d:ShareCapital 2023-12-31 11500226 d:ShareCapital 2022-12-31 11500226 d:RetainedEarningsAccumulatedLosses 2023-12-31 11500226 d:RetainedEarningsAccumulatedLosses 2022-12-31 11500226 c:FRS102 2023-01-01 2023-12-31 11500226 c:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 11500226 c:FullAccounts 2023-01-01 2023-12-31 11500226 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11500226 2 2023-01-01 2023-12-31 11500226 6 2023-01-01 2023-12-31 11500226 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 11500226










RAL Capital Group Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 December 2023

 
RAL Capital Group Limited
 
  
Chartered accountants' report to the director on the preparation of the unaudited statutory financial statements of RAL Capital Group Limited for the year ended 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 RAL Capital Group Limited for the year ended 31 December 2023 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of RAL Capital Group Limited in accordance with the terms of our engagement letter dated 12 December 2023Our work has been undertaken solely to prepare for your approval the financial statements of RAL Capital Group Limited and state those matters that we have agreed to state to the director of RAL Capital Group Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RAL Capital Group Limited and its director for our work or for this report. 

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

We have not been instructed to carry out an audit or review of the financial statements of RAL Capital Group Limited. For this reason, 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.

  



Kreston Reeves LLP
Chartered Accountants
2nd Floor
168 Shoreditch High Street
London
E1 6RA
11 April 2024
Page 1

 
RAL Capital Group Limited
Registered number: 11500226

Balance sheet
As at 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
  
432
-

Investments
 5 
11,035
30,770

  
11,467
30,770

Current assets
  

Debtors: amounts falling due within one year
 6 
402,324
-

Bank and cash balances
  
34,008
438,901

  
436,332
438,901

Creditors: amounts falling due within one year
 7 
(6,437)
(21,156)

Net current assets
  
 
 
429,895
 
 
417,745

Total assets less current liabilities
  
441,362
448,515

  

Net assets
  
441,362
448,515


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
441,262
448,415

  
441,362
448,515


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Richard Arthur Lockwood
Director
Date: 11 April 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
RAL Capital Group Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

1.


General information

The company is registered as a private company limited by shares, incorporated and domiciled in England & Wales. The company's registered office and principal place of business is 1st Floor, 47-48 Piccadilly, London, United Kingdom, W1J 0DT. The principle activity is that of providing consultancy services for financial intermediation. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

 
2.2

Going concern

The financial statements have been prepared on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 3

 
RAL Capital Group Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
3 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Valuation of investments

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.8

Debtors

Short term debtors are measured at transaction price, less any impairment

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.10

Creditors

Short term creditors are measured at the transaction price. 

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.


3.


Employees




The Company has no employees other than the directors, who did not receive any remuneration (2022 - £NIL).

The average monthly number of employees, including directors, during the year was 0 (2022 - 0).

Page 4

 
RAL Capital Group Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


Additions
598



At 31 December 2023

598



Depreciation


Charge for the year on owned assets
166



At 31 December 2023

166



Net book value



At 31 December 2023
432



At 31 December 2022
-


5.


Fixed asset investments





Listed investments

£



Cost or valuation


At 1 January 2023
30,770


Revaluations
(19,735)



At 31 December 2023

11,035





6.


Debtors

2023
2022
£
£


Other debtors
402,324
-


Page 5

 
RAL Capital Group Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
3,137
13,156

Other creditors
-
5,000

Accruals and deferred income
3,300
3,000

6,437
21,156



Page 6