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REGISTERED NUMBER: 06988798 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st August 2024

for

Raytone Limited

Raytone Limited (Registered number: 06988798)






Contents of the Financial Statements
for the Year Ended 31st August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Raytone Limited

Company Information
for the Year Ended 31st August 2024







DIRECTOR: Mr A R Brooks





REGISTERED OFFICE: Central Chambers
227 London Road
Hadleigh
Benfleet
Essex
SS7 2RF





REGISTERED NUMBER: 06988798 (England and Wales)





ACCOUNTANTS: Field & Co LLP
Central Chambers
227 London Road
Hadleigh
Benfleet
Essex
SS7 2RF

Raytone Limited (Registered number: 06988798)

Balance Sheet
31st August 2024

31/8/24 31/8/23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,182 1,114
Investment property 5 1,065,000 737,500
1,066,182 738,614

CURRENT ASSETS
Stocks - 99,670
Cash at bank 54 4,217
54 103,887
CREDITORS
Amounts falling due within one year 6 252,351 272,852
NET CURRENT LIABILITIES (252,297 ) (168,965 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

813,885

569,649

PROVISIONS FOR LIABILITIES 7 59,989 17,882
NET ASSETS 753,896 551,767

CAPITAL AND RESERVES
Called up share capital 8 1 1
Fair value reserve 9 602,726 423,275
Retained earnings 9 151,169 128,491
SHAREHOLDERS' FUNDS 753,896 551,767

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 31st August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Raytone Limited (Registered number: 06988798)

Balance Sheet - continued
31st August 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 7th May 2025 and were signed by:





Mr A R Brooks - Director


Raytone Limited (Registered number: 06988798)

Notes to the Financial Statements
for the Year Ended 31st August 2024

1. STATUTORY INFORMATION

Raytone 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Raytone Limited (Registered number: 06988798)

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

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st September 2023 1,000 2,085 3,085
Additions - 665 665
Disposals - (449 ) (449 )
At 31st August 2024 1,000 2,301 3,301
DEPRECIATION
At 1st September 2023 763 1,208 1,971
Charge for year 59 251 310
Eliminated on disposal - (162 ) (162 )
At 31st August 2024 822 1,297 2,119
NET BOOK VALUE
At 31st August 2024 178 1,004 1,182
At 31st August 2023 237 877 1,114

No Fixed assets are subject to finance leases or HP Agreements.

Raytone Limited (Registered number: 06988798)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st September 2023 737,500
Additions 105,955
Revaluations 221,545
At 31st August 2024 1,065,000
NET BOOK VALUE
At 31st August 2024 1,065,000
At 31st August 2023 737,500

Fair value at 31st August 2024 is represented by:
£   
Valuation in 2020 2,000
Valuation in 2021 53,000
Valuation in 2022 40,000
Valuation in 2024 327,500
Cost 642,500
1,065,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Trade creditors 12 436
Taxation and social security 6,070 4,218
Other creditors 246,269 268,198
252,351 272,852

7. PROVISIONS FOR LIABILITIES
31/8/24 31/8/23
£    £   
Deferred tax
Other timing differences 42,094 17,670
Deferred tax 17,895 212
59,989 17,882

Raytone Limited (Registered number: 06988798)

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

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st September 2023 17,882
Provided during year 13
Deferred Tax on Revaluation 42,094
Balance at 31st August 2024 59,989

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/8/24 31/8/23
value: £    £   
1 Ordinary Shares £1 1 1

9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1st September 2023 128,491 423,275 551,766
Profit for the year 202,129 202,129
Additions (179,451 ) 179,451 -
At 31st August 2024 151,169 602,726 753,895

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr A R Brooks.