0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-06-01 Sage Accounts Production Advanced 2023 - FRS102_2023 2,171,500 2,171,500 2,171,500 xbrli:pure xbrli:shares iso4217:GBP 07642705 2023-06-01 2024-05-31 07642705 2024-05-31 07642705 2023-05-31 07642705 2022-06-01 2023-05-31 07642705 2023-05-31 07642705 2022-05-31 07642705 bus:Director1 2023-06-01 2024-05-31 07642705 core:WithinOneYear 2024-05-31 07642705 core:WithinOneYear 2023-05-31 07642705 core:ShareCapital 2024-05-31 07642705 core:ShareCapital 2023-05-31 07642705 core:SharePremium 2024-05-31 07642705 core:SharePremium 2023-05-31 07642705 core:RetainedEarningsAccumulatedLosses 2024-05-31 07642705 core:RetainedEarningsAccumulatedLosses 2023-05-31 07642705 core:CostValuation core:Non-currentFinancialInstruments 2024-05-31 07642705 core:Non-currentFinancialInstruments 2024-05-31 07642705 core:Non-currentFinancialInstruments 2023-05-31 07642705 bus:SmallEntities 2023-06-01 2024-05-31 07642705 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 07642705 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 07642705 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 07642705 bus:FullAccounts 2023-06-01 2024-05-31
COMPANY REGISTRATION NUMBER: 07642705
BEN RAFTERY LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 May 2024
BEN RAFTERY LIMITED
STATEMENT OF FINANCIAL POSITION
31 May 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Investments
4
2,171,500
2,171,500
CURRENT ASSETS
Debtors
5
67,000
40,000
CREDITORS: amounts falling due within one year
6
67,000
40,000
------------
------------
TOTAL ASSETS LESS CURRENT LIABILITIES
2,171,500
2,171,500
------------
------------
CAPITAL AND RESERVES
Called up share capital fully paid
500,000
500,000
Share premium account
1,660,750
1,660,750
Profit and loss account
10,750
10,750
------------
------------
SHAREHOLDERS FUNDS
2,171,500
2,171,500
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 2 January 2025 , and are signed on behalf of the board by:
Mr B J Raftery
Director
Company registration number: 07642705
BEN RAFTERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MAY 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 Parklands Close, Loddington, Kettering, Northamptonshire, NN14 1LG.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Investments
Fixed asset investments in group undertakings are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.
4. INVESTMENTS
Shares in group undertakings
£
Cost
At 1 June 2023 and 31 May 2024
2,171,500
------------
Impairment
At 1 June 2023 and 31 May 2024
------------
Carrying amount
At 31 May 2024
2,171,500
------------
At 31 May 2023
2,171,500
------------
5. DEBTORS
2024
2023
£
£
Other debtors
67,000
40,000
--------
--------
6. CREDITORS: amounts falling due within one year
2024
2023
£
£
Other creditors
67,000
40,000
--------
--------
7. RELATED PARTY TRANSACTIONS
During the year the company undertook the following transactions with related parties: The director has advanced monies to the company. At 31 May 2024 the amount due from the company was £ 67,000 (2023 - £ 40,000 ). The loan is interest free and unsecured.