IRIS Accounts Production v24.2.0.383 10594177 director 1.3.23 28.2.24 28.2.24 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh105941772023-02-28105941772024-02-28105941772023-03-012024-02-28105941772022-02-28105941772022-03-012023-02-28105941772023-02-2810594177ns15:EnglandWales2023-03-012024-02-2810594177ns14:PoundSterling2023-03-012024-02-2810594177ns10:Director12023-03-012024-02-2810594177ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2810594177ns10:SmallEntities2023-03-012024-02-2810594177ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2810594177ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2810594177ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2810594177ns10:FullAccounts2023-03-012024-02-2810594177ns10:OrdinaryShareClass12023-03-012024-02-2810594177ns10:RegisteredOffice2023-03-012024-02-2810594177ns5:CurrentFinancialInstruments2024-02-2810594177ns5:CurrentFinancialInstruments2023-02-2810594177ns5:ShareCapital2024-02-2810594177ns5:ShareCapital2023-02-2810594177ns5:RetainedEarningsAccumulatedLosses2024-02-2810594177ns5:RetainedEarningsAccumulatedLosses2023-02-2810594177ns5:FurnitureFittings2023-02-2810594177ns5:ComputerEquipment2023-02-2810594177ns5:FurnitureFittings2023-03-012024-02-2810594177ns5:ComputerEquipment2023-03-012024-02-2810594177ns5:FurnitureFittings2024-02-2810594177ns5:ComputerEquipment2024-02-2810594177ns5:FurnitureFittings2023-02-2810594177ns5:ComputerEquipment2023-02-2810594177ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-2810594177ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2810594177ns10:OrdinaryShareClass12024-02-28
REGISTERED NUMBER: 10594177 (England and Wales)















Rathlin Limited

Unaudited Financial Statements

for the Year Ended 28th February 2024






Rathlin Limited (Registered number: 10594177)






Contents of the Financial Statements
for the year ended 28th February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


Rathlin Limited

Company Information
for the year ended 28th February 2024







DIRECTOR: S R May





REGISTERED OFFICE: 310 Wellingborough Road
Northampton
NN1 4EP





REGISTERED NUMBER: 10594177 (England and Wales)





ACCOUNTANTS: Cheney & Co
310 Wellingborough Road
Northampton
NN1 4EP

Rathlin Limited (Registered number: 10594177)

Balance Sheet
28th February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,202 1,789
Investment property 6 207,950 -
209,152 1,789

CURRENT ASSETS
Stocks - 1,575
Debtors 7 29 10,291
Cash at bank 32,639 146,047
32,668 157,913
CREDITORS
Amounts falling due within one year 8 146,704 49,354
NET CURRENT (LIABILITIES)/ASSETS (114,036 ) 108,559
TOTAL ASSETS LESS CURRENT
LIABILITIES

95,116

110,348

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 95,016 110,248
SHAREHOLDERS' FUNDS 95,116 110,348

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 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.

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 2nd August 2024 and were signed by:





S R May - Director


Rathlin Limited (Registered number: 10594177)

Notes to the Financial Statements
for the year ended 28th February 2024

1. STATUTORY INFORMATION

Rathlin 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 (£).


The principal activity of the company was that of information technology consultancy services

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Rathlin Limited (Registered number: 10594177)

Notes to the Financial Statements - continued
for the year ended 28th February 2024

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st March 2023
and 28th February 2024 137 2,949 3,086
DEPRECIATION
At 1st March 2023 51 1,246 1,297
Charge for year 34 553 587
At 28th February 2024 85 1,799 1,884
NET BOOK VALUE
At 28th February 2024 52 1,150 1,202
At 28th February 2023 86 1,703 1,789

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 207,950
At 28th February 2024 207,950
NET BOOK VALUE
At 28th February 2024 207,950

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 9,975
Other debtors 29 316
29 10,291

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2 263
Taxation and social security - 18,358
Other creditors 146,702 30,733
146,704 49,354

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100