Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-312023-02-01falseProperty rental and supply of renewable energy21falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12410594 2023-02-01 2024-01-31 12410594 2022-02-01 2023-01-31 12410594 2024-01-31 12410594 2023-01-31 12410594 c:Director1 2023-02-01 2024-01-31 12410594 d:Buildings 2023-02-01 2024-01-31 12410594 d:Buildings 2024-01-31 12410594 d:Buildings 2023-01-31 12410594 d:Buildings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 12410594 d:PlantMachinery 2023-02-01 2024-01-31 12410594 d:PlantMachinery 2024-01-31 12410594 d:PlantMachinery 2023-01-31 12410594 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 12410594 d:FurnitureFittings 2023-02-01 2024-01-31 12410594 d:FurnitureFittings 2024-01-31 12410594 d:FurnitureFittings 2023-01-31 12410594 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 12410594 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 12410594 d:FreeholdInvestmentProperty 2023-02-01 2024-01-31 12410594 d:FreeholdInvestmentProperty 2024-01-31 12410594 d:FreeholdInvestmentProperty 2023-01-31 12410594 d:FreeholdInvestmentProperty 2 2023-02-01 2024-01-31 12410594 d:CurrentFinancialInstruments 2024-01-31 12410594 d:CurrentFinancialInstruments 2023-01-31 12410594 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 12410594 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 12410594 d:ShareCapital 2024-01-31 12410594 d:ShareCapital 2023-01-31 12410594 d:RevaluationReserve 2023-02-01 2024-01-31 12410594 d:RevaluationReserve 2024-01-31 12410594 d:RevaluationReserve 2023-01-31 12410594 d:RetainedEarningsAccumulatedLosses 2023-02-01 2024-01-31 12410594 d:RetainedEarningsAccumulatedLosses 2024-01-31 12410594 d:RetainedEarningsAccumulatedLosses 2023-01-31 12410594 d:AcceleratedTaxDepreciationDeferredTax 2024-01-31 12410594 d:AcceleratedTaxDepreciationDeferredTax 2023-01-31 12410594 d:TaxLossesCarry-forwardsDeferredTax 2024-01-31 12410594 d:TaxLossesCarry-forwardsDeferredTax 2023-01-31 12410594 d:OtherDeferredTax 2024-01-31 12410594 d:OtherDeferredTax 2023-01-31 12410594 c:FRS102 2023-02-01 2024-01-31 12410594 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 12410594 c:FullAccounts 2023-02-01 2024-01-31 12410594 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 12410594 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-02-01 2024-01-31 12410594 2 2023-02-01 2024-01-31 12410594 5 2023-02-01 2024-01-31 12410594 6 2023-02-01 2024-01-31 12410594 2 2024-01-31 12410594 2 2023-01-31 12410594 f:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 12410594









RAINTHORPE HOLDINGS LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

 
RAINTHORPE HOLDINGS LTD
 

CONTENTS



Page
Balance Sheet
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 9


 
RAINTHORPE HOLDINGS LTD
REGISTERED NUMBER: 12410594

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 3 
193,139
208,051

Investments
 4 
60
60

Investment property
 5 
4,047,999
4,687,567

  
4,241,198
4,895,678

Current assets
  

Debtors: amounts falling due within one year
 6 
6,955
18,745

Cash at bank and in hand
  
7,299
15,334

  
14,254
34,079

Creditors: amounts falling due within one year
 7 
(1,356,181)
(2,011,672)

Net current liabilities
  
 
 
(1,341,927)
 
 
(1,977,593)

Total assets less current liabilities
  
2,899,271
2,918,085

Provisions for liabilities
  

Deferred tax
 8 
(369,015)
(411,657)

  
 
 
(369,015)
 
 
(411,657)

Net assets
  
2,530,256
2,506,428


Capital and reserves
  

Called up share capital 
  
240
240

Revaluation reserve
 9 
1,131,823
1,077,106

Profit and loss account
 9 
1,398,193
1,429,082

  
2,530,256
2,506,428


Page 1

 
RAINTHORPE HOLDINGS LTD
REGISTERED NUMBER: 12410594
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 October 2024.




M C Bedini
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
RAINTHORPE HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

The company is a private company limited by shares. It is both incorporated and domiciled in England and Wales. The registered office address of the company is 7 The Close, Norwich, NR1 4DJ and its principal place of business is Norwich.
The company's principal activities continue to be property rental and the supply of energy.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Revenue

Turnover represents revenue recognised by the company in respect of rents and grants receivable, inclusive of Value Added Tax.
Revenue is recognised in the following manner:
Rents - amounts receivable in the year;
Grant income - in the year when the qualifying conditions entitling payment are met.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
RAINTHORPE HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight line method.

Depreciation is provided on the following basis:

Property improvements
-
10%
straight line
Plant and machinery
-
15%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
RAINTHORPE HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.6

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.8

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and Loss Account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
RAINTHORPE HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.13

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordianry shares.


3.


Tangible fixed assets





Property improvements
Plant and machinery
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 February 2023
173,875
117,148
13,204
304,227


Additions
-
25,788
2,651
28,439



At 31 January 2024

173,875
142,936
15,855
332,666



Depreciation


At 1 February 2023
52,358
37,577
6,241
96,176


Charge for the year on owned assets
17,942
21,443
3,966
43,351



At 31 January 2024

70,300
59,020
10,207
139,527



Net book value



At 31 January 2024
103,575
83,916
5,648
193,139



At 31 January 2023
121,517
79,571
6,963
208,051

Page 6

 
RAINTHORPE HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 February 2023
300



At 31 January 2024

300



Impairment


At 1 February 2023
240



At 31 January 2024

240



Net book value



At 31 January 2024
60



At 31 January 2023
60


5.


Investment property




Freehold investment property

£



Valuation


At 1 February 2023
4,687,567


Additions at cost
24,094


Disposals
(700,000)


Surplus on revaluation
36,338



At 31 January 2024
4,047,999

The 2024 valuations were made by the director, on an open market value for existing use basis.




Page 7

 
RAINTHORPE HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

6.


Debtors

2024
2023
£
£


Trade debtors
-
10,651

Other debtors
25
14

Prepayments and accrued income
6,930
8,080

6,955
18,745



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
5,843
5,988

Corporation tax
-
13,109

Other creditors
1,337,992
1,976,361

Accruals and deferred income
12,346
16,214

1,356,181
2,011,672



8.


Deferred taxation




2024


£






At beginning of year
(411,655)


Charged to profit or loss
42,640



At end of year
(369,015)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(22,391)
(16,441)

Tax losses carried forward
49,369
25,779

Investment property
(395,993)
(420,993)

(369,015)
(411,655)

Page 8

 
RAINTHORPE HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

9.


Reserves

Revaluation reserve

The revaluation reserve represents the cumulative value of revaluations of investment property to fair value, net of deferred tax.  The amounts debited or credited to this reserve are transfers from the profit and loss accounts.  Deferred tax is provided for on these fair value adjustments at the standard rate of corporation tax.

Profit and loss account

The profit and loss account includes all current and prior period retained profits and losses.


10.


Related party transactions

As at 31 January 2024 the company owed a director £1,305,403 (2023: £1,944,774).

 
Page 9