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 1,313 1,263 13 1,276 37 50 40 40 40 xbrli:pure xbrli:shares iso4217:GBP 6727292 2023-06-01 2024-05-31 6727292 2024-05-31 6727292 2023-05-31 6727292 2022-06-01 2023-05-31 6727292 2023-05-31 6727292 2022-05-31 6727292 core:FurnitureFittings 2023-06-01 2024-05-31 6727292 bus:Director1 2023-06-01 2024-05-31 6727292 core:WithinOneYear 2024-05-31 6727292 core:WithinOneYear 2023-05-31 6727292 core:FurnitureFittings 2023-05-31 6727292 core:FurnitureFittings 2024-05-31 6727292 core:ShareCapital 2024-05-31 6727292 core:ShareCapital 2023-05-31 6727292 core:RetainedEarningsAccumulatedLosses 2024-05-31 6727292 core:RetainedEarningsAccumulatedLosses 2023-05-31 6727292 core:CostValuation core:Non-currentFinancialInstruments 2024-05-31 6727292 core:Non-currentFinancialInstruments 2024-05-31 6727292 core:Non-currentFinancialInstruments 2023-05-31 6727292 core:FurnitureFittings 2023-05-31 6727292 bus:SmallEntities 2023-06-01 2024-05-31 6727292 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 6727292 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 6727292 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 6727292 bus:FullAccounts 2023-06-01 2024-05-31
COMPANY REGISTRATION NUMBER: 6727292
Rawstron Limited
Filleted Unaudited Financial Statements
31 May 2024
Rawstron Limited
Statement of Financial Position
31 May 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
4
37
50
Investments
5
40
40
----
----
77
90
Current assets
Debtors
6
77,597
45,207
Cash at bank and in hand
189,222
212,192
---------
---------
266,819
257,399
Creditors: amounts falling due within one year
7
2,456
2,040
---------
---------
Net current assets
264,363
255,359
---------
---------
Total assets less current liabilities
264,440
255,449
Provisions
Taxation including deferred tax
10
10
---------
---------
Net assets
264,430
255,439
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
264,330
255,339
---------
---------
Shareholders funds
264,430
255,439
---------
---------
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 .
Rawstron Limited
Statement of Financial Position (continued)
31 May 2024
These financial statements were approved by the board of directors and authorised for issue on 26 February 2025 , and are signed on behalf of the board by:
Mr D Rawstron
Director
Company registration number: 6727292
Rawstron 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 3 Greengate, Cardale Park, Harrogate, North Yorkshire, HG3 1GY.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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 is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings
-
25% reducing balance
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
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.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Tangible assets
Fixtures and fittings
Total
£
£
Cost
At 1 June 2023 and 31 May 2024
1,313
1,313
-------
-------
Depreciation
At 1 June 2023
1,263
1,263
Charge for the year
13
13
-------
-------
At 31 May 2024
1,276
1,276
-------
-------
Carrying amount
At 31 May 2024
37
37
-------
-------
At 31 May 2023
50
50
-------
-------
5. Investments
Shares in participating interests
£
Cost
At 1 June 2023 and 31 May 2024
40
----
Impairment
At 1 June 2023 and 31 May 2024
----
Carrying amount
At 31 May 2024
40
----
At 31 May 2023
40
----
The company owns 40% of the issued share capital in Rawstron Johnson Retail and Leisure Property Consultants Limited.
6. Debtors
2024
2023
£
£
Other debtors
77,597
45,207
--------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
510
Accruals and deferred income
1,710
2,040
Corporation tax
236
-------
-------
2,456
2,040
-------
-------
8. Director's advances, credits and guarantees
During the year the director received further advances of £500. The balance was cleared in full post year end.
9. Related party transactions
The company was under the control of Mr D Rawstron throughout the current and previous year. Mr D Rawstron is the managing director and majority shareholder. No transactions with related parties were undertaken such as are required to be disclosed under the Financial Reporting Standard 102.