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REGISTERED NUMBER: 01876288 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

RATIOBOND LIMITED

RATIOBOND LIMITED (REGISTERED NUMBER: 01876288)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RATIOBOND LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: J K Rea
C J Rea
A M Rea
A M Rea





REGISTERED OFFICE: 53 Cartwright Gardens
London
WC1H 9EL





REGISTERED NUMBER: 01876288 (England and Wales)





ACCOUNTANTS: Wheelers
Chartered Accountants & Tax Consultants
27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE

RATIOBOND LIMITED (REGISTERED NUMBER: 01876288)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 3,636,158 386,264

CURRENT ASSETS
Debtors 5 41,134 1,884

CREDITORS
Amounts falling due within one year 6 41,134 1,884
NET CURRENT LIABILITIES - -
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,636,158

386,264

CREDITORS
Amounts falling due after more than one
year

7

1,220,000

-
NET ASSETS 2,416,158 386,264

CAPITAL AND RESERVES
Called up share capital 9 1,830,100 100
Retained earnings 586,058 386,164
SHAREHOLDERS' FUNDS 2,416,158 386,264

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 23 February 2025 and were signed on its behalf by:



J K Rea - Director


RATIOBOND LIMITED (REGISTERED NUMBER: 01876288)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Ratiobond 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The directors believe that the company is well placed to manage its financial risks successfully and have
reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future. Consequently, it continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less accumulated impairment losses. On disposal of investments in subsidiaries, the difference between disposal proceeds and the carrying amounts of the investments are recognised in profit or loss.

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.

Consolidation
The parent company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by section 398 of the Companies Act 2006 not to prepare group accounts.

3. EMPLOYEES AND DIRECTORS

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

RATIOBOND LIMITED (REGISTERED NUMBER: 01876288)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023 586,158
Additions 3,050,000
At 30 June 2024 3,636,158
PROVISIONS
At 1 July 2023 199,894

Reversal of impairments (199,894 )
At 30 June 2024 -
NET BOOK VALUE
At 30 June 2024 3,636,158
At 30 June 2023 386,264

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Amounts owed by group undertakings 41,134 1,884

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other creditors 41,134 1,884

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Other creditors 1,220,000 -

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Preference shares 1,220,000 -

RATIOBOND LIMITED (REGISTERED NUMBER: 01876288)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

8. LOANS

Allotted, issued and fully paid30.6.2430.6.23
££

3,050,000 3% redeemable cumulative preference shares of £1 each1,220,000-
As at 30 June 20241,220,000-
The 3% redeemable cumulative preference shares are classified as compound financial instruments, which have the characteristics of both debt and equity and can only be redeemed by the company at their discretion at par.

The debt element is the net present value of the liability relating to the future dividend streams has been calculated using an equivalent rate of 7.5%, being the directors estimate of the cost of capital.

DebtEquity
ElementElementTotal

3% redeemable cumulative preference shares1,220,0001,830,0003,050,000
As at 30 June 20241,220,0001,830,0003,050,000


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary 1 100 100
3,050,000 Redeemable Preference 1 1,830,000 -
1,830,100 100