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REGISTERED NUMBER: 04619096 (England and Wales)










Financial Statements

for the Year Ended 31 December 2024

for

Rachel Lund OTC Limited

Rachel Lund OTC Limited (Registered number: 04619096)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Rachel Lund OTC Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: Mrs R S Lund





REGISTERED OFFICE: The Old School House
Station Road
Rolleston
Nottinghamshire
NG23 5SE





REGISTERED NUMBER: 04619096 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Suite 4, 10/12 The Grove,
Ilkley
West Yorkshire
LS29 9EG

Rachel Lund OTC Limited (Registered number: 04619096)

Balance Sheet
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 255 481

CURRENT ASSETS
Debtors 5 143 5,362
Cash at bank 9,203 24,582
9,346 29,944
CREDITORS
Amounts falling due within one year 6 (7,938 ) (4,572 )
NET CURRENT ASSETS 1,408 25,372
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,663

25,853

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 1,563 25,753
SHAREHOLDERS' FUNDS 1,663 25,853

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 director and authorised for issue on 16 April 2025 and were signed by:



Mrs R S Lund - Director


Rachel Lund OTC Limited (Registered number: 04619096)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Rachel Lund OTC 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.

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.

TURNOVER
Turnover represents net invoiced sales of services, excluding value added tax.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33.33% on cost

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 2,274 677 2,951
DEPRECIATION
At 1 January 2024 2,273 197 2,470
Charge for year - 226 226
At 31 December 2024 2,273 423 2,696
NET BOOK VALUE
At 31 December 2024 1 254 255
At 31 December 2023 1 480 481

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 5,362
Prepayments 143 -
143 5,362

Rachel Lund OTC Limited (Registered number: 04619096)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 54 33
Corporation tax 86 77
Other creditors 750 1,350
Director's current account 6,264 2,091
Accrued expenses 784 1,021
7,938 4,572

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

8. RESERVES
Retained
earnings
£   

At 1 January 2024 25,753
Deficit for the year (190 )
Dividends (24,000 )
At 31 December 2024 1,563

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the company paid dividends of £24,000 (2023 £43,500) to the director. The director was owed £6,264 by the company at 31st December 2024 (£2,091 at 31st December 2023).