Ray Houghton Limited 31/01/2025 iXBRL

Company registration number: 05587862

Ray Houghton Limited

Unaudited filleted financial statements

31 January 2025

Ray Houghton Limited

Contents

Directors and other information

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Ray Houghton Limited

Directors and other information


	Directors	Mr R Houghton
		Mrs B I Houghton


	Secretary	Mrs B Houghton


	Company number	05587862


	Registered office	Suite Ff10 Brooklands House
		58 Marlborough Road
		Lancing
		West Sussex
		BN15 8AF


	Accountants	Clarity Accounting Limited
		Suite Ff10 Brooklands House
		58 Marlborough Road
		Lancing
		West Sussex
		BN15 8AF

Ray Houghton Limited

Statement of financial position

31 January 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Investments	6	775,121		592,490
		_______		_______
			775,121		592,490

Current assets
Debtors	7	212,471		172,455
Cash at bank and in hand		132,086		304,672
		_______		_______
		344,557		477,127
Creditors: amounts falling due
within one year	8	( 140,496)		( 134,262)
		_______		_______
Net current assets			204,061		342,865
			_______		_______
Total assets less current liabilities			979,182		935,355


Provisions for liabilities			( 30,378)		( 37,575)

			_______		_______
Net assets			948,804		897,780
			_______		_______

Capital and reserves
Called up share capital			100		100
Fair value reserve			91,137		112,726
Profit and loss account			857,567		784,954
			_______		_______
Shareholders funds			948,804		897,780
			_______		_______

For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- 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;

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

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 30 October 2025 , and are signed on behalf of the board by:

Mr R Houghton

Director

Company registration number: 05587862

Ray Houghton Limited

Statement of changes in equity

Year ended 31 January 2025

	Called up share capital	Fair value reserve	Profit and loss account	Total
	£	£	£	£


At 1 February 2023	100	77,709	793,629	871,438

Profit for the year			68,342	68,342
Other comprehensive income for the year:
Reclassification from fair value reserve to profit and loss account		35,017	(35,017)	-
	_______	_______	_______	_______
Total comprehensive income for the year	-	35,017	33,325	68,342

Dividends paid and payable			( 42,000)	( 42,000)
	_______	_______	_______	_______
Total investments by and distributions to owners	-	-	( 42,000)	( 42,000)

	_______	_______	_______	_______
At 31 January 2024 and 1 February 2024	100	112,726	784,954	897,780

Profit for the year			89,024	89,024
Other comprehensive income for the year:
Reclassification from fair value reserve to profit and loss account		(21,589)	21,589	-
	_______	_______	_______	_______
Total comprehensive income for the year	-	( 21,589)	110,613	89,024

Dividends paid and payable			( 38,000)	( 38,000)
	_______	_______	_______	_______
Total investments by and distributions to owners	-	-	( 38,000)	( 38,000)

	_______	_______	_______	_______
At 31 January 2025	100	91,137	857,567	948,804
	_______	_______	_______	_______

Ray Houghton Limited

Notes to the financial statements

Year ended 31 January 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite Ff10 Brooklands House, 58 Marlborough Road, Lancing, West Sussex, BN15 8AF.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	25 %	straight line

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Tangible assets

	Fixtures, fittings and equipment	Total
	£	£
Cost
At 1 February 2024 and 31 January 2025	416	416
	_______	_______
Depreciation
At 1 February 2024 and 31 January 2025	416	416
	_______	_______
Carrying amount
At 31 January 2025	-	-
	_______	_______
At 31 January 2024	-	-
	_______	_______

6. Investments

	Other investments other than loans	Total
	£	£
Cost
At 1 February 2024	592,490	592,490
Additions	589,104	589,104
Disposals	( 375,240)	( 375,240)
Fair value adjustment	(31,233)	(31,233)
	_______	_______
At 31 January 2025	775,121	775,121
	_______	_______
Impairment
At 1 February 2024 and 31 January 2025	-	-
	_______	_______
Carrying amount
At 31 January 2025	775,121	775,121
	_______	_______
At 31 January 2024	592,490	592,490
	_______	_______

The company's investment assets have been revalued during the year.The historical book value for the fixed asset investments was £653,609.

7. Debtors

	2025	2024
	£	£
Trade debtors	10,044	5,034
Other debtors	202,427	167,421
	_______	_______
	212,471	172,455
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	53	-
Corporation tax	32,136	6,542
Other creditors	108,307	127,720
	_______	_______
	140,496	134,262
	_______	_______

9. Directors advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

Year ended 31 January 2025
	Balance brought forward	Advances /(credits) to the directors	Balance o/standing
	£	£	£
Mr R Houghton	( 1,326)	1,326	-
Mrs B I Houghton	( 124,081)	18,087	( 105,994)
	_______	_______	_______
	( 125,407)	19,413	( 105,994)
	_______	_______	_______

Year ended 31 January 2024
	Balance brought forward	Advances /(credits) to the directors	Balance o/standing
	£	£	£
Mr R Houghton	( 10,963)	9,637	( 1,326)
Mrs B I Houghton	( 78,423)	( 45,658)	( 124,081)
	_______	_______	_______
	( 89,386)	( 36,021)	( 125,407)
	_______	_______	_______

This loan is provided on an interest free basis and is repayable on demand

10. Controlling party

The company is under the control of the director R Houghton.