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RAISING THE BAR UK LIMITED

Registered Number
11157324
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

RAISING THE BAR UK LIMITED
Company Information
for the year from 1 February 2023 to 31 January 2024

Directors

KILL, Michael Christopher
KILL, Silvana Carmen

Company Secretary

KILL, Michael Christopher

Registered Address

Grove House
2 Woodberry Grove
London
N12 0DR

Registered Number

11157324 (England and Wales)
RAISING THE BAR UK LIMITED
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets37,8618,848
7,8618,848
Current assets
Debtors410,7076,709
Cash at bank and on hand6,973-
17,6806,709
Creditors amounts falling due within one year5(20,665)(4,845)
Net current assets (liabilities)(2,985)1,864
Total assets less current liabilities4,87610,712
Creditors amounts falling due after one year6(3,132)(4,082)
Provisions for liabilities7(1,494)(1,681)
Net assets2504,949
Capital and reserves
Called up share capital11
Profit and loss account2494,948
Shareholders' funds2504,949
The financial statements were approved and authorised for issue by the Board of Directors on 7 January 2025, and are signed on its behalf by:
KILL, Silvana Carmen
Director
Registered Company No. 11157324
RAISING THE BAR UK LIMITED
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Fixtures and fittings15
Office Equipment15
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 February 238,6675,85014,517
Additions-349349
At 31 January 248,6676,19914,866
Depreciation and impairment
At 01 February 233,0402,6295,669
Charge for year8444921,336
At 31 January 243,8843,1217,005
Net book value
At 31 January 244,7833,0787,861
At 31 January 235,6273,2218,848
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables7096,709
Other debtors9,998-
Total10,7076,709
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts9,5501,685
Taxation and social security7,7823,058
Other creditors-102
Accrued liabilities and deferred income3,333-
Total20,6654,845
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts3,1324,082
Total3,1324,082
7.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)1,4941,681
Total1,4941,681
8.Related party transactions
During the period, total dividends of £26,900 (2023 : £8,000) were paid to the directors. During the period, the directors invoiced £13,800 (2023 - £13,800) to the company for the consultancy work. At the balance sheet date the company owed £9,998 (2023 : £102 owed to) from the directors which was repaid fully within 9 months after the balance sheet date. The Night Time Industries Association Ltd- related by virtue of common control During the year the company invoiced £79,000 (2023 - £51,000) to the related company. At the balance sheet date the related company owed £709 (2023- £6,709) to the reporting entity.