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Company Registration No. 09673403 (England and Wales)
Rabane Financial Ltd Unaudited accounts for the year ended 31 July 2023
Rabane Financial Ltd Unaudited accounts Contents
Page
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Rabane Financial Ltd Company Information for the year ended 31 July 2023
Director
Mr Oiver Lawlor
Company Number
09673403 (England and Wales)
Registered Office
3rd Floor Vyman House 104 College Road Harrow HA1 1BQ
Accountants
RMR Partnership LLP 3rd Floor, Vyman House 104 College Road Harrow Middlesex HA1 1BQ
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Rabane Financial Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,324 
19,159 
Current assets
Debtors
120 
2,499 
Cash at bank and in hand
17,010 
3,453 
17,130 
5,952 
Creditors: amounts falling due within one year
(41,573)
(22,150)
Net current liabilities
(24,443)
(16,198)
Total assets less current liabilities
(20,119)
2,961 
Creditors: amounts falling due after more than one year
- 
(26,403)
Net liabilities
(20,119)
(23,442)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(20,120)
(23,443)
Shareholders' funds
(20,119)
(23,442)
For the year ending 31 July 2023 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 April 2024 and were signed on its behalf by
Mr Oiver Lawlor Director Company Registration No. 09673403
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Rabane Financial Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Rabane Financial Ltd is a private company, limited by shares, registered in England and Wales, registration number 09673403. The registered office is 3rd Floor Vyman House, 104 College Road, Harrow, HA1 1BQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% as per reducing balance method
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 August 2022
49,865 
Disposals
(33,866)
At 31 July 2023
15,999 
Depreciation
At 1 August 2022
30,706 
Charge for the year
2,278 
On disposals
(21,309)
At 31 July 2023
11,675 
Net book value
At 31 July 2023
4,324 
At 31 July 2022
19,159 
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Rabane Financial Ltd Notes to the Accounts for the year ended 31 July 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
120 
- 
Accrued income and prepayments
- 
2,499 
120 
2,499 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
- 
570 
Loans from directors
41,573 
21,580 
41,573 
22,150 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
- 
26,403 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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