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REGISTERED NUMBER: 01026251 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

RAYBAR SECURITIES LIMITED

RAYBAR SECURITIES LIMITED (REGISTERED NUMBER: 01026251)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RAYBAR SECURITIES LIMITED

COMPANY INFORMATION
for the Year Ended 31 MARCH 2024







DIRECTORS: J C Ancell
R I Dudding





SECRETARY: J C Ancell





REGISTERED OFFICE: Lonsto House
276 Chase Road
London
N14 6HA





REGISTERED NUMBER: 01026251 (England and Wales)





ACCOUNTANTS: SRG Newmans Limited
Five Ways
57-59 Hatfield Road
Potters Bar
Hertfordshire
EN6 1HS

RAYBAR SECURITIES LIMITED (REGISTERED NUMBER: 01026251)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,076,347 1,076,347

CURRENT ASSETS
Debtors 5 1,323,993 1,248,709

CREDITORS
Amounts falling due within one year 6 38,866 9,184
NET CURRENT ASSETS 1,285,127 1,239,525
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,361,474

2,315,872

PROVISIONS FOR LIABILITIES 151,068 151,068
NET ASSETS 2,210,406 2,164,804

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,210,306 2,164,704
SHAREHOLDERS' FUNDS 2,210,406 2,164,804

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 directors acknowledge their 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.

RAYBAR SECURITIES LIMITED (REGISTERED NUMBER: 01026251)

BALANCE SHEET - 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 Board of Directors and authorised for issue on 5 November 2024 and were signed on its behalf by:





R I Dudding - Director


RAYBAR SECURITIES LIMITED (REGISTERED NUMBER: 01026251)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2024

1. STATUTORY INFORMATION

Raybar Securities 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover comprises revenue recognised by the company in respect of rents received and lease premiums during the year.

Investment property
Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

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.

Lease premiums
Lease premiums are recognised in the income statement in the accounting period that is was received. The value of the leasehold increases in value when the lease premium is received.

3. EMPLOYEES AND DIRECTORS

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

RAYBAR SECURITIES LIMITED (REGISTERED NUMBER: 01026251)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,076,347
NET BOOK VALUE
At 31 March 2024 1,076,347
At 31 March 2023 1,076,347

The 2024 valuations were made by R I Dudding, a director of the company, on an open market value for existing use basis.

Mr R I Dudding is qualified to make the valuation on the basis of his knowledge and experience of the residential and commercial property market.

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2016 317,886
Valuation in 2017 517,376
Valuation in 2020 61,971
Cost 179,114
1,076,347

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,438 7,723
Amounts owed by group undertakings 1,306,156 1,243,724
Other debtors 8,399 (2,738 )
1,323,993 1,248,709

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,040 -
Taxation and social security 15,201 1,500
Other creditors 21,625 7,684
38,866 9,184

RAYBAR SECURITIES LIMITED (REGISTERED NUMBER: 01026251)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024

7. FINANCIAL INSTRUMENTS

Basic financial instruments are recognised at amortised cost, except for investments in nonconvertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in the income statement. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in the income statement.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R I Dudding by virtue of his shareholding in the company.

9. RETAINED EARNINGS

Included in the retained earnings is £746,165 (2023: £746,165) of profits that are not available for distribution as they are unrealised.