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REGISTERED NUMBER: 11257539 (England and Wales)








REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE PERIOD 1 OCTOBER 2022 TO 29 SEPTEMBER 2023

FOR

RAYNE LIMITED

RAYNE LIMITED (REGISTERED NUMBER: 11257539)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1 October 2022 to 29 September 2023




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 7


RAYNE LIMITED

COMPANY INFORMATION
for the Period 1 October 2022 to 29 September 2023







DIRECTORS: Mrs R Harding
Mr M Harding



REGISTERED OFFICE: Britannic House
657 Liverpool Road
Irlam
Manchester
M44 5XD



REGISTERED NUMBER: 11257539 (England and Wales)



ACCOUNTANTS: Cadishead Accountancy Services Limited
Britannic House
657 Liverpool Road
Irlam
Manchester
Lancashire
M44 5XD



BANKERS: Lloyds Bank
45 Hustlergate
Bradford
BD1 1NT

RAYNE LIMITED (REGISTERED NUMBER: 11257539)

REPORT OF THE DIRECTORS
for the Period 1 October 2022 to 29 September 2023

The directors present their report with the financial statements of the company for the period 1 October 2022 to 29 September 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the period under review was that of property rentals.

DIRECTORS
The directors set out in the table below have held office during the whole of the period from 1 October 2022 to the date of this report.

The beneficial interests of the directors holding office at 29 September 2023 in the shares of the company, according to the register of directors' interests, were as follows:

29.9.23 1.10.22
Ordinary shares of 10p each
Mrs R Harding 10 10
Mr M Harding 10 10

These directors did not hold any non-beneficial interests in the shares of the company.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr M Harding - Director


25 September 2024

RAYNE LIMITED (REGISTERED NUMBER: 11257539)

BALANCE SHEET
29 September 2023

29.9.23 30.9.22
Notes £    £   
FIXED ASSETS
Investment property 4 1,590,000 1,281,910

CURRENT ASSETS
Stocks 1,659,058 165,434
Debtors 5 10,111 1,425
Cash at bank 13,840 38,915
1,683,009 205,774
CREDITORS
Amounts falling due within one year 6 (633,335 ) (215,172 )
NET CURRENT ASSETS/(LIABILITIES) 1,049,674 (9,398 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,639,674

1,272,512

CREDITORS
Amounts falling due after more than one
year

7

(1,956,188

)

(806,610

)

PROVISIONS FOR LIABILITIES (135,268 ) (66,636 )
NET ASSETS 548,218 399,266

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 9 405,804 284,080
Retained earnings 142,412 115,184
SHAREHOLDERS' FUNDS 548,218 399,266

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 September 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 September 2023 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.

RAYNE LIMITED (REGISTERED NUMBER: 11257539)

BALANCE SHEET - continued
29 September 2023


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 25 September 2024 and were signed on its behalf by:





Mr M Harding - Director


RAYNE LIMITED (REGISTERED NUMBER: 11257539)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1 October 2022 to 29 September 2023

1. STATUTORY INFORMATION

Rayne 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 as modified by the revaluation of certain assets.

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

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.

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 period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2022 - NIL ) .

RAYNE LIMITED (REGISTERED NUMBER: 11257539)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 October 2022 to 29 September 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022 1,281,910
Additions 117,734
Revaluations 190,356
At 29 September 2023 1,590,000
NET BOOK VALUE
At 29 September 2023 1,590,000
At 30 September 2022 1,281,910

The property has been valued by the Directors at the year end.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.9.23 30.9.22
£    £   
Trade debtors 5,011 -
Other debtors 5,100 1,425
10,111 1,425

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.9.23 30.9.22
£    £   
Bank loans and overdrafts 17,481 9,552
Trade creditors 21,977 -
Amounts owed to participating interests 510,097 174,473
Taxation and social security 24,342 13,886
Other creditors 59,438 17,261
633,335 215,172

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.9.23 30.9.22
£    £   
Bank loans 1,956,188 806,610

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,916,591 758,498

RAYNE LIMITED (REGISTERED NUMBER: 11257539)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 October 2022 to 29 September 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

29.9.23 30.9.22
£    £   
Bank loans 1,966,087 816,162

The company has a fixed and floating charge on the property and all undertakings of the company.

9. RESERVES
Fair
value
reserve
£   
At 1 October 2022 284,080
Transfer to fair value reserve 121,724

At 29 September 2023 405,804

10. ULTIMATE CONTROLLING PARTY

The company has been under the control of the Directors throughout the year.