REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 OCTOBER 2023 |
FOR |
RAYMAC HOLDINGS LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 OCTOBER 2023 |
FOR |
RAYMAC HOLDINGS LIMITED |
RAYMAC HOLDINGS LIMITED (REGISTERED NUMBER: 10306327) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 OCTOBER 2023 |
Page |
Balance Sheet | 1 |
Notes to the Financial Statements | 3 |
RAYMAC HOLDINGS LIMITED (REGISTERED NUMBER: 10306327) |
BALANCE SHEET |
31 OCTOBER 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Fair value reserve | 8 | (249,682 | ) | (248,370 | ) |
Retained earnings | 8 | 79,762 | 79,762 |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
RAYMAC HOLDINGS LIMITED (REGISTERED NUMBER: 10306327) |
BALANCE SHEET - continued |
31 OCTOBER 2023 |
The director acknowledges her 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. |
In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
RAYMAC HOLDINGS LIMITED (REGISTERED NUMBER: 10306327) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 OCTOBER 2023 |
1. | STATUTORY INFORMATION |
Raymac Holdings Limited is a |
Registered number: |
Registered office: |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at fair value. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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. |
Going concern |
These financial statements have been prepared on the going concern basis, on the understanding that the subsidiary will continue to financially support the company during current year. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
RAYMAC HOLDINGS LIMITED (REGISTERED NUMBER: 10306327) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 OCTOBER 2023 |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST OR VALUATION |
At 1 November 2022 |
Revaluations | ( |
) |
At 31 October 2023 |
NET BOOK VALUE |
At 31 October 2023 |
At 31 October 2022 |
The original cost of the subsidiary shares was £250,000. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans and overdrafts |
Amounts owed to group undertakings |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary | £1 | 1 | 1 |
RAYMAC HOLDINGS LIMITED (REGISTERED NUMBER: 10306327) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 OCTOBER 2023 |
8. | RESERVES |
Fair |
Retained | value |
earnings | reserve | Totals |
£ | £ | £ |
At 1 November 2022 | 79,762 | (248,370 | ) | (168,608 | ) |
Deficit for the year | (1,312 | ) | (1,312 | ) |
Transfer | 1,312 | (1,312 | ) | - |
At 31 October 2023 | 79,762 | (249,682 | ) | (169,920 | ) |
9. | RELATED PARTY DISCLOSURES |
At 31 October 2023 the company owed £170,238 to its subsidiary Raymac Signs Limited (Company Number 0452590). |
The ultimate controlling party is |
10. | GOING CONCERN |
The director recognises that the company's balance sheet is in deficit at the year end. However, the majority of the company's liabilities are owed to its subsidiary and they will continue to support the company throughout the current year. |