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RAIGERSFIELD CAPITAL LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Raigersfield Capital Limited is a private company limited by shares incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of its registered office and principal place of business is disclosed on the company information page.
The company's functional and presentational currency is GBP.
2.Accounting policies
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Basis of preparation of financial statements
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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:
The directors have a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future. P H Swatman, a director and shareholder of the company, is continuing to support the company and provide working capital to enable the company to continue as a going concern. The amount included in other creditors of £967,208 as due to P H Swatman will not be repaid until the company has sufficient resources.
Turnover is the amount receivable by the company from securities sold during the period.
Turnover also includes the net gain from CFD (Contract for Difference) trading which is the net received after the deduction of commissions and financing charges.
Stock are stated using the alternative accounting rules. The company deals in shares, contracts for difference and traded options. All of these securities are stated at fair value as provided by external independent brokers using values taken from the London Stock Exchange.
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 ordinary shares.
Profits and losses arising from trading in options are calculated as the difference in account value at the beginning and end of each accounting year as calculated by the company's option brokers. These calculations reflect the market value of options written at each date. Such market values take into account the difference between market price of the underlying relevant security and the option exercise price and the portion of option terms which are unexpired.
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The average monthly number of employees other than directors, during the year was 0 (2023 - 0).
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