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REGISTERED NUMBER: 06488700 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Raie Charles Limited

Raie Charles Limited (Registered number: 06488700)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Raie Charles Limited

Company Information
for the year ended 31 March 2024







DIRECTOR: D Appel





REGISTERED OFFICE: 120 Cockfosters Road
Barnet
EN4 ODZ





REGISTERED NUMBER: 06488700 (England and Wales)





ACCOUNTANTS: G & A Partners LLP
Chartered Accountants
120 Cockfosters Road
Barnet
EN4 0DZ

Raie Charles Limited (Registered number: 06488700)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 - -

CURRENT ASSETS
Stocks 249,924 249,924
Cash at bank and in hand 604,383 288,675
854,307 538,599
CREDITORS
Amounts falling due within one year 5 564,440 255,277
NET CURRENT ASSETS 289,867 283,322
TOTAL ASSETS LESS CURRENT
LIABILITIES

289,867

283,322

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 6 157,914 157,914
Retained earnings 6 131,853 125,308
SHAREHOLDERS' FUNDS 289,867 283,322

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 director acknowledges his 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.

Raie Charles Limited (Registered number: 06488700)

Statement of Financial Position - 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 director and authorised for issue on 11 July 2024 and were signed by:





D Appel - Director


Raie Charles Limited (Registered number: 06488700)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Raie Charles 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. 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 represents amounts received during the year from rent and the sale proceeds from the
disposal of one of the property's held as stock.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

Stocks
Stock is valued at the lower of cost and net realisable value. Net realisable value represents estimated selling price less costs to complete and sell.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Raie Charles Limited (Registered number: 06488700)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2023
and 31 March 2024 350
DEPRECIATION
At 1 April 2023
and 31 March 2024 350
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 1,535 1,562
Other creditors 562,905 253,715
564,440 255,277

6. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2023 125,308 157,914 283,222
Profit for the year 6,545 6,545
At 31 March 2024 131,853 157,914 289,767