2023-02-01 12400720 2024-05-31 12400720 2023-02-01 2024-05-31 12400720 2023-01-31 12400720 2022-02-01 2023-01-31 12400720 uk-core:WithinOneYear 2023-01-31 12400720 uk-core:WithinOneYear 2024-05-31 12400720 uk-core:AfterOneYear 2023-01-31 12400720 uk-core:AfterOneYear 2024-05-31 12400720 uk-core:ShareCapital 2024-05-31 12400720 uk-core:ShareCapital 2023-01-31 12400720 uk-core:RetainedEarningsAccumulatedLosses 2024-05-31 12400720 uk-core:RetainedEarningsAccumulatedLosses 2023-01-31 12400720 uk-bus:Director1 2023-02-01 2024-05-31 12400720 uk-core:ComputerEquipment 2023-01-31 12400720 uk-core:Buildings 2023-01-31 12400720 uk-core:ComputerEquipment 2023-02-01 2024-05-31 12400720 uk-core:Buildings 2023-02-01 2024-05-31 12400720 uk-core:Buildings 2024-05-31 12400720 uk-core:ComputerEquipment 2024-05-31 iso4217:GBP xbrli:pure 12400720 uk-bus:AuditExemptWithAccountantsReport 2023-02-01 2024-05-31 12400720 uk-bus:FRS102 2023-02-01 2024-05-31 12400720 uk-bus:FullAccounts 2023-02-01 2024-05-31 12400720 uk-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-05-31
Raines and Sheriff Ltd
Registered Number:12400720
For the period ended 31 May 2024
England and Wales
Unaudited Financial Statements
2
For the period ended 31 May 2024
Raines and Sheriff Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
12400720
As at 31 May 2024
Raines and Sheriff Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
80,751
79,575
2
80,751
79,575
Current assets
1,274
Cash and cash equivalents
1,319
1,319
1,274
Trade and other payables: amounts falling due within one year
(28,156)
(27,890)
4
(26,882)
(26,571)
Net current liabilities
Total assets less current liabilities
54,180
52,693
Trade and other payables: amounts falling due after more than one
year
(58,517)
(58,517)
5
(4,337)
Net liabilities
(5,824)
Capital and reserves
Called up share capital
100
100
Retained earnings
(4,437)
(5,924)
(4,337)
(5,824)
Shareholders' funds
For the period ended 31 May 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the period 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 proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Ben Sheriff Director
These financial statements were approved and authorised for issue by the Board on 18 February 2025 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the period ended 31 May 2024
Raines and Sheriff Ltd
Notes to the Financial Statements
Statutory Information
Raines and Sheriff Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
12400720.
Registered address:
92 Bevan Way
Chapeltown
Sheffield
S35 1RJ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard
102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The
financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.
2. Property, plant and equipment
Total
Computer
Equipment
Land and
Buildings
£
£
£
Cost or valuation
At 01 February 2023
79,945
445
79,500
1,251
-
1,251
Additions
At 31 May 2024
80,751
445
81,196
Provision for depreciation and impairment
At 01 February 2023
370
370
-
Charge for period
75
75
-
At 31 May 2024
445
445
-
At 31 May 2024
Net book value
80,751
-
80,751
At 31 January 2023
79,500
75
79,575
3. Investment property
The investment properties are held for long-term investment. Investment properties are accounted for in accordance with SSAP19 as follows:(i) no depreciation is provided in respect of investment properties and they are revalued annualy. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year; and(ii) no depreciation is provided in respect of leasehold investment properties where the lease has over 20 years to run. The treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets, however, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give and true and fair view.
2 of 3
5
For the period ended 31 May 2024
Raines and Sheriff Ltd
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Other creditors
27,890
28,156
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft (secured)
58,517
58,517
6. Average number of persons employed
During the year the average number of employees was 0
3 of 3