Company registration number 03891255 (England and Wales)
ALAIN RAYNAUD INTERNATIONAL LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
ALAIN RAYNAUD INTERNATIONAL LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
ALAIN RAYNAUD INTERNATIONAL LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
1,183
1,406
Current assets
Debtors
5
1,726,825
1,963,684
Investments
6
-
0
13,303
Cash at bank and in hand
564,350
1,378,626
2,291,175
3,355,613
Creditors: amounts falling due within one year
7
(89,580)
(1,088,262)
Net current assets
2,201,595
2,267,351
Net assets
2,202,778
2,268,757
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
2,201,778
2,267,757
Total equity
2,202,778
2,268,757

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 24 September 2024 and are signed on its behalf by:
A Raynaud
Director
Company registration number 03891255 (England and Wales)
ALAIN RAYNAUD INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information

Alain Raynaud International Limited is a private company limited by shares incorporated in England and Wales. The registered office is First Floor, Sheraton House, Lower Road, Chorleywood, Hertfordshire, WD3 5LH. The principal place of business is 7 Denbigh Close, Notting Hill, London, United Kingdom, W11 2QH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention on a going concern basis. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and and other sales related taxes. The fair value of consideration takes into account trade discounts and settlement discounts.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual time costs and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computer equipment
25% of cost on straight line basis.
1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at amortised cost.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

ALAIN RAYNAUD INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 3 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.

1.7
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

No significant judgements have had to be made by management in preparing these financial statements.

 

The directors have made key assumptions regarding the stage of completion of design/construction contracts still in progress at the year end.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
1
1
ALAIN RAYNAUD INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023
52,915
Additions
980
At 31 December 2023
53,895
Depreciation and impairment
At 1 January 2023
51,509
Depreciation charged in the year
1,203
At 31 December 2023
52,712
Carrying amount
At 31 December 2023
1,183
At 31 December 2022
1,406
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
-
0
248,757
Corporation tax recoverable
8,845
-
0
Amounts owed by group undertakings
-
0
1,191,854
Other debtors
1,717,103
522,046
1,725,948
1,962,657
2023
2022
Amounts falling due after more than one year:
£
£
Deferred tax asset
877
1,027
Total debtors
1,726,825
1,963,684
6
Current asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
-
0
13,303

During the year the shares in the subsidiary undertaking were sold for £90,017.

ALAIN RAYNAUD INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 5 -
7
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
12,958
19,975
Corporation tax
6
76,202
Other taxation and social security
1,226
22,697
Other creditors
75,390
969,388
89,580
1,088,262
8
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Sales
Sales
Purchases
Purchases
2023
2022
2023
2022
£
£
£
£
AR Concept SARL
450,000
248,029
-
507,688
450,000
248,029
-
507,688

During the financial year the company sold its entire holding of 20 shares of CHF 1,000 each in its Swiss subsidiary, AR Concept SARL, representing 100% of that company's issued share capital, equally to Alain Raynaud and Marie-Francois Raynaud, who are directors of the company. The consideration for the shares, namely CHF 100,000, was considered to be a fair estimate of their open market value.

The following amounts were outstanding at the reporting end date:

2023
2022
Amounts due to related parties
£
£
AR Concept SARL
-
838,494
-
838,494

The following amounts were outstanding at the reporting end date:

2023
2022
Amounts due from related parties
£
£
A Raynaud - Director
1,623,846
417,697
AR Concept SARL - Trade debtor
71,987
1,191,854
1,695,833
1,609,551
ALAIN RAYNAUD INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 6 -
9
Directors' transactions

The following directors had loans during the year. The movement on these loans are as follows:

 

Description
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
A Raynaud - Directors loan
417,697
1,623,846
(417,697)
1,623,846
417,697
1,623,846
(417,697)
1,623,846
10
Control

The company is controlled by its directors.

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