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REGISTERED NUMBER: 04912218 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Raphael Holdings Limited

Raphael Holdings Limited (Registered number: 04912218)






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


Raphael Holdings Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: R C Hayhoe
M G O'Brien
J R Hayhoe





SECRETARY: R C Hayhoe





REGISTERED OFFICE: Raphael House
123 Roebuck Road
Chessington
Surrey
KT9 1EU





REGISTERED NUMBER: 04912218 (England and Wales)





ACCOUNTANTS: CWF & Partners Ltd
Chartered Accountants
67 Westow Street
Upper Norwood
London
SE19 3RW

Raphael Holdings Limited (Registered number: 04912218)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 704,586 715,370
Investments 6 6,315 6,315
Investment property 7 500,250 -
1,211,151 721,685

CURRENT ASSETS
Debtors 8 14,513 176,182

CREDITORS
Amounts falling due within one year 9 540,142 241,217
NET CURRENT LIABILITIES (525,629 ) (65,035 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

685,522

656,650

PROVISIONS FOR LIABILITIES 25,384 -
NET ASSETS 660,138 656,650

CAPITAL AND RESERVES
Called up share capital 10 200 200
Fair value reserve (25,384 ) -
Retained earnings 685,322 656,450
SHAREHOLDERS' FUNDS 660,138 656,650

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.

Raphael Holdings Limited (Registered number: 04912218)

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 18 September 2024 and were signed on its behalf by:




R C Hayhoe - Director



M G O'Brien - Director


Raphael Holdings Limited (Registered number: 04912218)

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

1. STATUTORY INFORMATION

Raphael Holdings 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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the recognition of certain financial assets and liabilities measured at fair value.

Preparation of consolidated financial statements
The financial statements contain information about Raphael Holdings 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 4% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.


Raphael Holdings Limited (Registered number: 04912218)

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

3. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme.The assets of the scheme are held separately from those of the company in independently administered funds. The amount charged to the profit and loss account represents the contributions payable to the scheme in respect of the accounting period.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 April 2023
and 31 March 2024 898,706
DEPRECIATION
At 1 April 2023 183,336
Charge for year 10,784
At 31 March 2024 194,120
NET BOOK VALUE
At 31 March 2024 704,586
At 31 March 2023 715,370

Included in cost of land and buildings is freehold land of £ 359,482 (2023 - £ 359,482 ) which is not depreciated.

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 6,315
NET BOOK VALUE
At 31 March 2024 6,315
At 31 March 2023 6,315

Raphael Holdings Limited (Registered number: 04912218)

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

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 500,250
At 31 March 2024 500,250
NET BOOK VALUE
At 31 March 2024 500,250

The investment property are valued by the director on an open market existing use basis.
The historical cost of the investment property amounts to £365,000.

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 6,107 5,243
Amounts owed by group undertakings - 151,074
Other debtors 8,406 19,865
14,513 176,182

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 129,719 194,234
Amounts owed to group undertakings 396,478 -
Taxation and social security 10,145 43,333
Other creditors 3,800 3,650
540,142 241,217

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
97 Ordinary A £1 97 97
98 Ordinary B £1 98 98
2 Ordinary C £1 2 2
1 Ordinary D £1 1 1
2 Ordinary E £1 2 2
200 200

11. RELATED PARTY DISCLOSURES

The ultimate controlling party is R C Hayhoe.