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REGISTERED NUMBER: 11351352 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Rase Outdoor Living Ltd

Rase Outdoor Living Ltd (Registered number: 11351352)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rase Outdoor Living Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J P Airey
Mrs W J Airey





REGISTERED OFFICE: 117 - 119 Cleethorpe Road
Grimsby
North East Lincs
DN31 3ET





REGISTERED NUMBER: 11351352 (England and Wales)






Rase Outdoor Living Ltd (Registered number: 11351352)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 15,893 -
Tangible assets 5 125,692 181,224
141,585 181,224

CURRENT ASSETS
Stocks 2,000 -
Debtors 6 106,538 71,092
Cash at bank 30,970 77,520
139,508 148,612
CREDITORS
Amounts falling due within one year 7 110,426 69,757
NET CURRENT ASSETS 29,082 78,855
TOTAL ASSETS LESS CURRENT
LIABILITIES

170,667

260,079

CREDITORS
Amounts falling due after more than one
year

8

11,667

21,667
NET ASSETS 159,000 238,412

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 158,900 238,312
159,000 238,412

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.

Rase Outdoor Living Ltd (Registered number: 11351352)

Balance Sheet - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by:





J P Airey - Director


Rase Outdoor Living Ltd (Registered number: 11351352)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Rase Outdoor Living Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website and development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Rase Outdoor Living Ltd (Registered number: 11351352)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 17,070
At 31 March 2024 17,070
AMORTISATION
Charge for year 1,177
At 31 March 2024 1,177
NET BOOK VALUE
At 31 March 2024 15,893

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 283,802
Additions 1,417
At 31 March 2024 285,219
DEPRECIATION
At 1 April 2023 102,578
Charge for year 56,949
At 31 March 2024 159,527
NET BOOK VALUE
At 31 March 2024 125,692
At 31 March 2023 181,224

Rase Outdoor Living Ltd (Registered number: 11351352)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 9,799 58,877
Amounts owed by group undertakings 58,068 -
Other debtors 38,671 12,215
106,538 71,092

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 13,870 -
Taxation and social security 75,356 57,469
Other creditors 11,200 2,288
110,426 69,757

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 11,667 21,667

9. SECURED DEBTS

The company has provided security in the form of a debenture creating a fixed and floating over its assets in relation to bank loans recognised in the parent company. The company has also provided a £250,000 guarantee in respect of these loans.

10. ULTIMATE CONTROLLING PARTY

JEPA Holdings Ltd is the immediate parent company.

Mr J P Airey is the ultimate controlling party.