M Raywood Ltd 31/03/2025 iXBRL

Company registration number: 01171446

M Raywood Ltd

Unaudited filleted financial statements

For the year ended

31 March 2025

M Raywood Ltd

Contents

Statement of financial position

Notes to the financial statements

M Raywood Ltd

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	3	1,350		1,828
Tangible assets	4	656,395		745,127
Investment property		-		-
		________		________
			657,745		746,955

Current assets
Debtors	5	572,326		368,612
Cash at bank and in hand		602,608		889,812
		________		________
		1,174,934		1,258,424
Creditors: amounts falling due
within one year	6	( 22,194)		( 103,862)
		________		________
Net current assets			1,152,740		1,154,562
			________		________
Total assets less current liabilities			1,810,485		1,901,517


Provisions for liabilities			( 17,251)		( 33,774)

			________		________
Net assets			1,793,234		1,867,743
			________		________

Capital and reserves
Called up share capital			2,000		2,000
Profit and loss account			1,791,234		1,865,743
			________		________
Shareholders funds			1,793,234		1,867,743
			________		________

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

Director's 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 director acknowledges 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 income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 27 November 2025 , and are signed on behalf of the board by:

Mr M I Raywood

Director

Company registration number: 01171446

M Raywood Ltd

Notes to the financial statements

Year ended 31 March 2025

1. Accounting policies

Statutory information

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'.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied with the same financial statements.

M Raywood Ltd is a private company, limited by shares, domiciled in England and Wales, registration number 01171446 . The registered office is The Old Forge, Beck Place, Gosforth, CA20 1AT.

Basis of preparation

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 and the Companies Act 2006'.

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.

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.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

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:


Freehold property	-	10 %	straight line
Fittings fixtures and equipment	-	25 %	reducing balance
Motor vehicles	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

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.

Deferred taxation

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. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for fixed asset investments which are measured at fair value, with changes recognised in the fair value reserve.

Basic financial statements are recognised at amortised cost.

Defined contribution plans

The pension costs charged in the financial statements represent the contribution payable by the company during the year.

2. Employee numbers

The average number of persons employed by the company during the year amounted to Nil (2024: 2 ).

3. Intangible assets

	Other intangible assets	Total
	£	£
Cost
At 1 April 2024 and 31 March 2025	2,868	2,868
	________	________
Amortisation
At 1 April 2024	1,040	1,040
Charge for the year	478	478
	________	________
At 31 March 2025	1,518	1,518
	________	________
Carrying amount
At 31 March 2025	1,350	1,350
	________	________
At 31 March 2024	1,828	1,828
	________	________

4. Tangible assets

	Freehold property	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£
Cost
At 1 April 2024	602,774	22,103	333,751	958,628
Additions	-	13,048	-	13,048
Disposals	-	( 14,611)	( 111,364)	( 125,975)
	________	________	________	________
At 31 March 2025	602,774	20,540	222,387	845,701
	________	________	________	________
Depreciation
At 1 April 2024	35,403	12,732	165,366	213,501
Charge for the year	1,772	3,987	26,279	32,038
Disposals	-	( 8,142)	( 48,091)	( 56,233)
	________	________	________	________
At 31 March 2025	37,175	8,577	143,554	189,306
	________	________	________	________
Carrying amount
At 31 March 2025	565,599	11,963	78,833	656,395
	________	________	________	________
At 31 March 2024	567,371	9,371	168,385	745,127
	________	________	________	________

5. Debtors

	2025	2024
	£	£
Trade debtors	6,675	3,338
Other debtors	565,651	365,274
	________	________
	572,326	368,612
	________	________

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	428	100,789
Corporation tax	18,741	-
Other creditors	3,025	3,073
	________	________
	22,194	103,862
	________	________

7. Pension commitments

The company operates defined contribution pension schemes for the directors and certain employees. The assets of the schemes are held separately from those of the company in independently administered funds. At the balance sheet date, unpaid contributions of £- (31 March 2024 - £-) were due to the fund. They are included in other creditors.

8. Directors advances, credits and guarantees

During the year the company made advances to Mr M Raywood, a director, totalling £400,530. Repayments of £169,719 were made by 31 March 2025 and so the balance outstanding at the year end, 31 March 2025, was £476,423 (2023: £245,612). Where applicable, interest is charged on overdrawn loan accounts at the rate of 2.25% per annum, loans are repayable on demand.