Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-282024-02-28The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-02-17falsetruetrueNo description of principal activity2false 14669576 2023-02-16 14669576 2023-02-17 2024-02-28 14669576 2022-03-01 2023-02-16 14669576 2024-02-28 14669576 c:Director1 2023-02-17 2024-02-28 14669576 d:FurnitureFittings 2023-02-17 2024-02-28 14669576 d:FurnitureFittings 2024-02-28 14669576 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-02-17 2024-02-28 14669576 d:CurrentFinancialInstruments 2024-02-28 14669576 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-28 14669576 d:ShareCapital 2024-02-28 14669576 d:RetainedEarningsAccumulatedLosses 2024-02-28 14669576 c:OrdinaryShareClass1 2023-02-17 2024-02-28 14669576 c:OrdinaryShareClass1 2024-02-28 14669576 c:FRS102 2023-02-17 2024-02-28 14669576 c:AuditExempt-NoAccountantsReport 2023-02-17 2024-02-28 14669576 c:FullAccounts 2023-02-17 2024-02-28 14669576 c:PrivateLimitedCompanyLtd 2023-02-17 2024-02-28 14669576 d:WithinOneYear 2024-02-28 14669576 2 2023-02-17 2024-02-28 14669576 e:PoundSterling 2023-02-17 2024-02-28 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 14669576









TAMARA RALPH LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 28 FEBRUARY 2024

 
TAMARA RALPH LIMITED
REGISTERED NUMBER: 14669576

STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
20,378

  
20,378

Current assets
  

Stocks
 5 
1,513,500

Debtors: amounts falling due within one year
 6 
258,887

Cash at bank and in hand
 7 
76,699

  
1,849,086

Creditors: amounts falling due within one year
 8 
(2,616,321)

Net current liabilities
  
 
 
(767,235)

Total assets less current liabilities
  
(746,857)

  

Net liabilities
  
(746,857)


Capital and reserves
  

Called up share capital 
 9 
100

Profit and loss account
  
(746,957)

  
(746,857)


Page 1

 
TAMARA RALPH LIMITED
REGISTERED NUMBER: 14669576
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 28 FEBRUARY 2024

The director considers 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 period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 Statement of comprehensive income 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 by: 




T M Ralph
Director

Date: 14 November 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
TAMARA RALPH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2024

1.


General information

Tamara Ralph Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is 21-24 Millbank Office 35 14th Floor, 21-24 Millbank Tower, London, United Kingdom, SW1P 4QP 
The company was incorporated on 17 February 2023 and commenced trading on that date.
The company specialises in the design and manufacture of haute couture womens wear.

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 Section 1A of Financial Reporting
Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and
the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis, despite the company reporting net current liabilities of £767,235, which includes a liability of £1,786,549 due to group undertakings. The director has confirmed that the group undertakings will continue to support the company for the foreseeable future to enable the company's liabilities to be met as they fall due, and specifically for a period of not less than twelve months from the date of approval of these financial statements. On this basis, the director believes that the preparation of the accounts on a going concern is appropriate.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
TAMARA RALPH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2024

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.6

Interest income

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

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
TAMARA RALPH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2024

2.Accounting policies (continued)

 
2.9

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:

Fixtures and fittings
-
20%
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 Statement of comprehensive income.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.
At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in Statement of comprehensive income.

 
2.11

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.

 
2.12

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.

 
2.13

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

 
TAMARA RALPH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2024

3.


Employees

The average monthly number of employees, including the director, during the period was 2.



4.


Tangible fixed assets





Fixtures and fittings

£



Cost 


Additions
25,102



At 28 February 2024

25,102



Depreciation


Charge for the period
4,724



At 28 February 2024

4,724



Net book value



At 28 February 2024
20,378


5.


Stocks

2024
£

Raw materials and consumables
380,271

Finished goods and goods for resale
1,133,229

1,513,500


Page 6

 
TAMARA RALPH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2024

6.


Debtors

2024
£


Trade debtors
208,132

Amounts owed by group undertakings
100

Other debtors
42,641

Prepayments and accrued income
8,014

258,887



7.


Cash and cash equivalents

2024
£

Cash at bank and in hand
76,699

76,699



8.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
778,867

Amounts owed to group undertakings
1,786,549

Other taxation and social security
10,156

Other creditors
389

Accruals and deferred income
40,360

2,616,321



9.


Share capital

2024
£
Allotted, called up and fully paid


100 Ordinary shares of £1 each
100


On incorporation, 100 Ordinary shares of £1 each were issued at par.

Page 7

 
TAMARA RALPH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2024

10.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £497. Contributions totalling £389 were payable to the fund at the reporting date and are included in other creditors.


11.


Commitments under operating leases

At 28 February 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
£


Not later than 1 year
42,485

42,485


12.


Related party transactions

The company has taken advantage of the exemption allowed by Financial Reporting Standard 102 not to disclose any transactions with other wholly owned members of the group.


13.


Ultimate parent undertaking and controlling party

The immediate and ultimate parent undertaking is Tamara Ralph Group, a company incorporated in Monte Carlo, Monaco. The group is controlled by Tamara Ralph, the director, due to her majority shareholding in the parent undertaking.

 
Page 8