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REGISTERED NUMBER: 03003332 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Rayburn Holdings Limited

Rayburn Holdings Limited (Registered number: 03003332)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rayburn Holdings Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: A Griffiths
J Griffiths
Ms J A Shelley





REGISTERED OFFICE: Whitehouse Street
Walsall
West Midlands
WS2 8HR





REGISTERED NUMBER: 03003332 (England and Wales)





ACCOUNTANTS: Moneywise Midlands
Office 4, Third Floor
26 Church Street
Kidderminster
Worcestershire
DY10 2AR

Rayburn Holdings Limited (Registered number: 03003332)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 839,977 850,799
Investments 5 50,002 50,002
889,979 900,801

CURRENT ASSETS
Debtors 6 138,568 561,137
Cash at bank 459,118 169,964
597,686 731,101
CREDITORS
Amounts falling due within one year 7 9,864 3,000
NET CURRENT ASSETS 587,822 728,101
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,477,801

1,628,902

CAPITAL AND RESERVES
Called up share capital 8 45,002 45,002
Revaluation reserve 9 177,634 180,373
Retained earnings 9 1,255,165 1,403,527
SHAREHOLDERS' FUNDS 1,477,801 1,628,902

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Rayburn Holdings Limited (Registered number: 03003332)

Balance Sheet - continued
31 May 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 17 January 2025 and were signed on its behalf by:





A Griffiths - Director


Rayburn Holdings Limited (Registered number: 03003332)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Rayburn Holdings 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

Rayburn Holdings Limited (Registered number: 03003332)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Freehold Investment
property Property Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 611,109 300,000 911,109
DEPRECIATION
At 1 June 2023 60,310 - 60,310
Charge for year 10,822 - 10,822
At 31 May 2024 71,132 - 71,132
NET BOOK VALUE
At 31 May 2024 539,977 300,000 839,977
At 31 May 2023 550,799 300,000 850,799

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2023
and 31 May 2024 50,002
NET BOOK VALUE
At 31 May 2024 50,002
At 31 May 2023 50,002

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Due from group undertakings 89,818 319,575
Other debtors 48,750 241,562
138,568 561,137

Included in debtors are loans to directors of £Nil to Mr J Griffiths (2023: £150,000) and £Nil to Mr A Griffiths (2023: £15,000). The loans are unsecured, interest free and repayable on demand.

The amounts owed by the group undertaking is secured by a debenture charge over the assets of the undertaking. Of the amount due £89,818 (2023: £119,575) is repayable on demand and £Nil (2023: £200,000) is repayable after one year.

Rayburn Holdings Limited (Registered number: 03003332)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Taxation and social security 2,164 -
Other creditors 7,700 3,000
9,864 3,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
45,000 Ordinary 1 45,000 45,000
2 Ordinary A 1 2 2
45,002 45,002

9. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 June 2023 1,403,527 180,373 1,583,900
Profit for the year 34,899 34,899
Dividends (186,000 ) (186,000 )
Transfer between reserves 2,739 (2,739 ) -
At 31 May 2024 1,255,165 177,634 1,432,799

10. RELATED PARTY DISCLOSURES

During the year the company charged its subsidiary company, Rayburn Plastics Limited, rent at market value totalling £53,083 (2023: £nil).

During the year dividends totalling £186,000 were paid of £17,600 to Mr A M Griffiths, £8,000 to Mrs J A Shelley and £160,400 to Mr J A O Griffiths (2023: £Nil). Notice of dividend waivers were received by the company from Mr A M Griffiths for £253,846 and Mrs J A Shelley for £115,384.

During the year Mr J A O Griffiths repaid in full a debt owing of £150,000.

11. POST BALANCE SHEET EVENTS

Pursuant to a share-for-share exchange agreement and a written resolution dated 12th August 2024 the issues share capital of the company was acquired by Rayburn Environmental Limited.

Rayburn Holdings Limited (Registered number: 03003332)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

12. ULTIMATE CONTROLLING PARTY

The controlling party is A Griffiths.

At the year end, the company's controlling party was Mr A M Griffiths. Subsequent to the year end the company is a wholly owned subsidiary of Rayburn Environmental Limited with Mr A M Griffiths being the ultimate controlling party by virtue of his majority shareholding.

13. INVESTMENT IN SUBSIDIARY UNDERTAKING

Pursuant to a share-for-share exchange agreement dated 15th August 2024 the entire share capital of Rayburn Plastics Limited was acquired by Rayburn Technologies Limited.