RAPHAELSON HOLDINGS LIMITED

Company Registration Number:
SC243399 (Scotland)

Unaudited statutory accounts for the year ended 30 September 2023

Period of accounts

Start date: 1 October 2022

End date: 30 September 2023

RAPHAELSON HOLDINGS LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2023

Balance sheet
Additional notes
Balance sheet notes

RAPHAELSON HOLDINGS LIMITED

Balance sheet

As at 30 September 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 27,331 36,442
Investments: 4 2,264,678 2,264,678
Total fixed assets: 2,292,009 2,301,120
Current assets
Debtors: 5 1,346,359 1,563,156
Cash at bank and in hand: 14,888 32,193
Investments: 6 502,000 502,000
Total current assets: 1,863,247 2,097,349
Creditors: amounts falling due within one year: 7 ( 587,247 ) ( 954,848 )
Net current assets (liabilities): 1,276,000 1,142,501
Total assets less current liabilities: 3,568,009 3,443,621
Creditors: amounts falling due after more than one year: 8 ( 726,110 ) ( 778,919 )
Total net assets (liabilities): 2,841,899 2,664,702
Capital and reserves
Called up share capital: 10,100 10,100
Other reserves: 701,796 701,796
Profit and loss account: 2,130,003 1,952,806
Total Shareholders' funds: 2,841,899 2,664,702

The notes form part of these financial statements

RAPHAELSON HOLDINGS LIMITED

Balance sheet statements

For the year ending 30 September 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 26 September 2024
and signed on behalf of the board by:

Name: Mr D Changizi
Status: Director

The notes form part of these financial statements

RAPHAELSON HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

    Tangible fixed assets depreciation policy

    Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows: Plant and machinery - 25% reducing balance Motor vehicles - 25% reducing balance Fixtures and fittings - 25% reducing balance Computer equipment - 25% reducing balance

    Valuation information and policy

    Investment property is carried at fair value, derived from current market prices for comparable real estate if determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

RAPHAELSON HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 2 2

RAPHAELSON HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 October 2022 19,591 56,033 75,624
Additions
Disposals
Revaluations
Transfers
At 30 September 2023 19,591 56,033 75,624
Depreciation
At 1 October 2022 14,668 24,514 39,182
Charge for year 1,231 7,880 9,111
On disposals
Other adjustments
At 30 September 2023 15,899 32,394 48,293
Net book value
At 30 September 2023 3,692 23,639 27,331
At 30 September 2022 4,923 31,519 36,442

RAPHAELSON HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

4. Fixed assets investments note

The value of Investment Properties at 30 September 2023 was £2,264,678 (2022: £2,264,678). There has been no valuation of investment property by an independent valuer during the year.

RAPHAELSON HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

5. Debtors

2023 2022
£ £
Trade debtors 6,750
Other debtors 1,346,359 1,556,406
Total 1,346,359 1,563,156

RAPHAELSON HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

6. Current assets investments note

The value of investments at 30 September 2023 was £502,000 (2022: £502,000).

RAPHAELSON HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

7. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 143,343 143,343
Amounts due under finance leases and hire purchase contracts 13,446 13,446
Trade creditors 975 878
Taxation and social security 76,698 90,309
Accruals and deferred income 2,460 2,460
Other creditors 350,325 704,412
Total 587,247 954,848

RAPHAELSON HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

8. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 699,143 745,892
Amounts due under finance leases and hire purchase contracts 26,967 33,027
Total 726,110 778,919