Raconteur Associates Limited
Unaudited Financial Statements
For the year ended 31 December 2024
Pages for Filing with Registrar
Company Registration No. 09313532 (England and Wales)
Raconteur Associates Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 5
Raconteur Associates Limited
Balance Sheet
As at 31 December 2024
Page 1
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
3,348
1,758
Current assets
Debtors
4
158
-
0
Cash at bank and in hand
20,440
106,714
20,598
106,714
Creditors: amounts falling due within one year
5
(68,140)
(169,421)
Net current liabilities
(47,542)
(62,707)
Net liabilities
(44,194)
(60,949)
Capital and reserves
Called up share capital
6
10
10
Profit and loss reserves
(44,204)
(60,959)
Total equity
(44,194)
(60,949)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 24 April 2025
W R Miller
Director
Company Registration No. 09313532
Raconteur Associates Limited
Notes to the Financial Statements
For the year ended 31 December 2024
Page 2
1
Accounting policies
Company information

Raconteur Associates Limited is a private company limited by shares incorporated in England and Wales. The registered office is Charlotte Building, 17 Gresse Street, London, W1T 1QL.

1.1
Accounting convention

These financial statements have been prepared in accordance with section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102 1A”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

 

1.2
Going concern

The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The truedirector has confirmed that it is his intention to continue to offer financial support to the company where necessary and will not call in his loan to the detriment of the other creditors of the company.

 

Based on the above, the director believes that it is appropriate that the financial statements be prepared on the going concern basis.

1.3
Turnover

Turnover represents amounts receivable for services in the principal activity of the company net of VAT and trade discounts.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.4
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:

Computer equipment
25% Straight line

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.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Raconteur Associates Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
1
Accounting policies
(Continued)
Page 3
1.6
Financial instruments

The Company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

1.7
Taxation

The tax expense represents the tax currently payable.

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.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
Raconteur Associates Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
Page 4
3
Tangible fixed assets
Computer equipment
£
Cost
At 1 January 2024
3,553
Additions
2,748
At 31 December 2024
6,301
Depreciation and impairment
At 1 January 2024
1,795
Depreciation charged in the year
1,158
At 31 December 2024
2,953
Carrying amount
At 31 December 2024
3,348
At 31 December 2023
1,758
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
158
-
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
551
360
Corporation tax
55
-
0
Other taxation and social security
-
0
23,077
Other creditors
64,119
104,734
Accruals and deferred income
3,415
41,250
68,140
169,421
6
Called up share capital
2024
2023
Ordinary share capital
£
£
Issued and fully paid
Ordinary Shares of £1 each
10
10
Raconteur Associates Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
6
Called up share capital
(Continued)
Page 5

All of the shares have full voting, dividend and capital contribution rights associated with them.

7
Related party transactions

At the year end, an amount of £64,119 (2023: £104,734) was due to the director of the company. The balance is interest free and is considered to be repayable on demand.

8
Controlling party

W R Miller is the controlling party by virtue of his majority shareholding,

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