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REGISTERED NUMBER: 10306327 (England and Wales)














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 4 318 1,630

CURRENT ASSETS
Debtors 5 1 1

CREDITORS
Amounts falling due within one year 6 170,238 170,238
NET CURRENT LIABILITIES (170,237 ) (170,237 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(169,919

)

(168,607

)

CAPITAL AND RESERVES
Called up share capital 7 1 1
Fair value reserve 8 (249,682 ) (248,370 )
Retained earnings 8 79,762 79,762
SHAREHOLDERS' FUNDS (169,919 ) (168,607 )

RAYMAC HOLDINGS LIMITED (REGISTERED NUMBER: 10306327)

BALANCE SHEET - continued
31 OCTOBER 2023


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

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

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.

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 account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 July 2024 and were signed by:





Mrs A J Hornby - Director


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 private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10306327

Registered office: Unit 2, Beckside Court
Annie Reed Road
BEVERLEY
HU17 0LF

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 as modified by the revaluation of certain assets.

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 1,630
Revaluations (1,312 )
At 31 October 2023 318
NET BOOK VALUE
At 31 October 2023 318
At 31 October 2022 1,630

The original cost of the subsidiary shares was £250,000.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1 1

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 10,417
Amounts owed to group undertakings 170,238 159,821
170,238 170,238

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 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 Mrs A J Hornby.

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.