RAIYS LIMITED

Company Registration Number:
11966045 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

RAIYS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

RAIYS LIMITED

Balance sheet

As at 31 December 2024


Notes
2024
2023


£
£
Fixed assets
Intangible assets: 3 458,386 480,751
Tangible assets: 4 916 3,117
Investments: 5 643,947 409,536
Total fixed assets: 1,103,249 893,404
Current assets
Debtors: 6 526,392 981,446
Cash at bank and in hand: 60,788 58,381
Total current assets: 587,180 1,039,827
Creditors: amounts falling due within one year: 7 (145,081) (381,240)
Net current assets (liabilities): 442,099 658,587
Total assets less current liabilities: 1,545,348 1,551,991
Creditors: amounts falling due after more than one year: 8 (2,432,195) (2,343,191)
Total net assets (liabilities): (886,847) (791,200)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (886,848) (791,201)
Shareholders funds: (886,847) (791,200)

The notes form part of these financial statements

RAIYS LIMITED

Balance sheet statements

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 April 2025
and signed on behalf of the board by:

Name: JD Murphy
Status: Director

The notes form part of these financial statements

RAIYS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods or services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Tangible fixed assets and depreciation policy

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 estimated residual values over their useful lives on the following bases: Fixtures and fittings – 20% per annum straight line basis Computers - 33% per annum straight line basis

Intangible fixed assets and amortisation policy

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

RAIYS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 11 6

RAIYS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Intangible Assets

Total
Cost £
At 01 January 2024 643,352
Additions 45,145
At 31 December 2024 688,497
Amortisation
At 01 January 2024 162,601
Charge for year 67,510
At 31 December 2024 230,111
Net book value
At 31 December 2024 458,386
At 31 December 2023 480,751

RAIYS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Tangible Assets

Total
Cost £
At 01 January 2024 14,462
At 31 December 2024 14,462
Depreciation
At 01 January 2024 11,345
Charge for year 2,201
At 31 December 2024 13,546
Net book value
At 31 December 2024 916
At 31 December 2023 3,117

RAIYS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Fixed investments

Fixed asset investments are stated at the Balance Sheet date at a fair value of £643,947 (2023 - £409,536).

RAIYS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Debtors

2024 2023
££
Debtors due after more than one year: 0 0

RAIYS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

7. Creditors: amounts falling due within one year note

At the Balance Sheet date, the aggregate amount of creditors for which security has been given amounted £nil (2023 - £nil).

RAIYS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

8. Creditors: amounts falling due after more than one year note

At the Balance Sheet date, the aggregate amount of creditors for which security has been given amounted £nil (2023 - £nil).