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REGISTERED NUMBER: 07269371 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Randal Management Services Limited

Randal Management Services Limited (Registered number: 07269371)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Randal Management Services Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: S M Holden





REGISTERED OFFICE: Airport House
Suite 43-45
Croydon
Surrey
CR0 0XZ





REGISTERED NUMBER: 07269371 (England and Wales)





ACCOUNTANTS: Ledger Sparks Ltd
Airport House
Suite 43-45 Purley Way
Croydon
Surrey
CR0 0XZ

Randal Management Services Limited (Registered number: 07269371)

Balance Sheet
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 443 368

CURRENT ASSETS
Debtors 5 1,629 1,133
Cash at bank 1,859 3,391
3,488 4,524
CREDITORS
Amounts falling due within one year 6 (3,513 ) (3,939 )
NET CURRENT (LIABILITIES)/ASSETS (25 ) 585
TOTAL ASSETS LESS CURRENT
LIABILITIES

418

953

PROVISIONS FOR LIABILITIES 7 (28 ) (2 )
NET ASSETS 390 951

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 290 851
390 951

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 director acknowledges her 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.

Randal Management Services Limited (Registered number: 07269371)

Balance Sheet - continued
30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 February 2025 and were signed by:





S M Holden - Director


Randal Management Services Limited (Registered number: 07269371)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Randal Management Services 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 (£).


The principal activity of the company is business and management consultancy.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

TURNOVER
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 rendering of services.

TANGIBLE FIXED ASSETS
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings 25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

TAXATION
The tax expense represents the sum of the tax currently payable and deferred tax.

CURRENT TAX
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

DEFERRED TAX
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date.

GOING CONCERN
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

Randal Management Services Limited (Registered number: 07269371)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
The company only enters into basic financial instrument transactions that results in the recognition of financial asset and liability such as trade and other debtors and creditors, loan from bank and other third parties, loan to related parties and investments in non puttable ordinary shares.

PROVISIONS FOR LIABILITY
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably require settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provision are charged as an expense to the statement of income and retained earnings in the year that the Company become aware of the obligation, and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risk and uncertainties.

When the payments are eventually made, they are charged to the provision carried in the Balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2023 6,096
Additions 200
At 30 June 2024 6,296
DEPRECIATION
At 1 July 2023 5,728
Charge for year 125
At 30 June 2024 5,853
NET BOOK VALUE
At 30 June 2024 443
At 30 June 2023 368

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,629 1,133

The director considers the carrying value of trade and other receivables approximate to their fair values.

Randal Management Services Limited (Registered number: 07269371)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 1,249 689
Other creditors 2,264 3,250
3,513 3,939

The director considers the carrying amounts of current liabilities approximate to their fair values.

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 28 2

Deferred
tax
£   
Balance at 1 July 2023 2
Provided during year 26
Balance at 30 June 2024 28

8. RESERVES

PROFIT AND LOSS RESERVES
The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
S M Holden
Balance outstanding at start of year (1,610 ) (129 )
Amounts advanced 14,077 9,965
Amounts repaid (13,001 ) (11,446 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (534 ) (1,610 )

10. RELATED PARTY DISCLOSURES

As at the balance sheet date included in other creditors were amounts of £534 (2023 - £1,610) due to the director. This loan is interest free and repayable on demand.