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Registered number: 08747931
RASKS (UK) LIMITED
Unaudited Financial Statements
For The Year Ended 31 October 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—5
Page 1
Balance Sheet
Registered number: 08747931
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 216,000 216,000
216,000 216,000
CURRENT ASSETS
Debtors 5 - 1,232
Cash at bank and in hand 4,613 5,740
4,613 6,972
Creditors: Amounts Falling Due Within One Year 6 (47,027 ) (42,521 )
NET CURRENT ASSETS (LIABILITIES) (42,414 ) (35,549 )
TOTAL ASSETS LESS CURRENT LIABILITIES 173,586 180,451
Creditors: Amounts Falling Due After More Than One Year 7 (143,378 ) (149,473 )
NET ASSETS 30,208 30,978
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 30,108 30,878
SHAREHOLDERS' FUNDS 30,208 30,978
Page 1
Page 2
For the year ending 31 October 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 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
P Sharma
Director
23rd October 2024
The notes on pages 4 to 5 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 November 2021 100 32,958 33,058
Loss for the year and total comprehensive income - (2,080 ) (2,080)
As at 31 October 2022 and 1 November 2022 100 30,878 30,978
Loss for the year and total comprehensive income - (770 ) (770)
As at 31 October 2023 100 30,108 30,208
Page 3
Page 4
Notes to the Financial Statements
1. General Information
RASKS (UK) LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 08747931 . The registered office is Unit 8, Wheatcroft Business Park, Landmere Lane, Edwalton, Nottingham, NG12 4DG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Investment Properties
All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 1)
2 1
4. Investment Property
2023
£
Fair Value
As at 1 November 2022 and 31 October 2023 216,000
5. Debtors
2023 2022
£ £
Due within one year
Other debtors - 1,232
- 1,232
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Corporation tax 7,127 7,928
Other creditors 39,900 34,593
47,027 42,521
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 143,378 149,473
143,378 149,473
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8. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans from directors: £18,120 (2022: £13,313)
The above loan is unsecured, interest free and repayable on demand.
9. Ultimate Controlling Party
The company's ultimate controlling party is the directors by virtue of their ownership of the issued share capital in the company.
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