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REGISTERED NUMBER: 03078556 (England and Wales)








RAREFORM LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






RAREFORM LIMITED (REGISTERED NUMBER: 03078556)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

RAREFORM LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: Ms V A D'Cruz
G C Burrows
A R D'Cruz
A J M Burrows





SECRETARY: Ms V A D'Cruz





REGISTERED OFFICE: Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR





REGISTERED NUMBER: 03078556 (England and Wales)





ACCOUNTANTS: Bessler Hendrie LLP
Chartered Accountants
Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR

RAREFORM LIMITED (REGISTERED NUMBER: 03078556)

BALANCE SHEET
31 March 2024

2024 2023
Notes £ £
FIXED ASSETS
Investments 4 1,324,432 1,324,432

CREDITORS
Amounts falling due within one year 5 (27,262 ) (27,262 )
NET CURRENT LIABILITIES (27,262 ) (27,262 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,297,170 1,297,170

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,297,169 1,297,169
1,297,170 1,297,170

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2024 and were signed on its behalf by:





Ms V A D'Cruz - Director


RAREFORM LIMITED (REGISTERED NUMBER: 03078556)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024


1. STATUTORY INFORMATION

Rareform Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Preparation of consolidated financial statements
The financial statements contain information about Rareform Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Fixed asset investments
Investments in subsidiaries are measured at cost less impairment. Investments are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, a provision for impairment is recognised in the income statement. The provision for impairment is recognised as the difference between the assets carrying amount and the best estimate of the amount that would be if it were sold at the reporting date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. FIXED ASSET INVESTMENTS
Share in
subsidiary
undertaking
£
COST
At 1 April 2023
and 31 March 2024 2,931,400
PROVISIONS
At 1 April 2023
and 31 March 2024 1,606,968
NET BOOK VALUE
At 31 March 2024 1,324,432
At 31 March 2023 1,324,432

The company's investments at the Balance Sheet date in the share capital of companies include the following:

- 98.38% (2023: 98.38%) of the Ordinary share capital of Thermofrost Cryo Limited.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Amounts owed to group undertakings 27,262 27,262

RAREFORM LIMITED (REGISTERED NUMBER: 03078556)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


6. CONTINGENT LIABILITIES

The company has provided cross guarantees with Thermofrost Cryo Limited and Greendown Limited in respect of a joint and several liability relating to the bank loan drawn by the ultimate parent company. At the year end the carrying amount of the bank loan is £529,526 (2023: £401,402).

7. PARENT COMPANY

The immediate and ultimate parent company is Greendown Limited whose registered office address is Ashbourne House, The Guildway, Old Portsmouth Road, Guildford, Surrey, GU3 1LR.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
RAREFORM LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rareform Limited for the year ended 31 March 2024 which comprise the Statement of Income and Retained Earnings, 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Rareform Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Rareform Limited and state those matters that we have agreed to state to the Board of Directors of Rareform Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rareform Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Rareform 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 profit of Rareform Limited. You consider that Rareform Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Rareform 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.

This report should not be regarded as suitable to be used or relied on by any other party wishing to acquire any rights against Bessler Hendrie LLP for any purpose or in any context. Any party, other than the Directors, who obtain access to this report or a copy and chooses to rely on this report (or any part of it) will do so at its own risk.






Bessler Hendrie LLP
Chartered Accountants
Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR


19 August 2024