REGISTERED NUMBER: 11257539 (England and Wales)

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE PERIOD

30 SEPTEMBER 2023 TO 27 SEPTEMBER 2024

FOR

RAYNE LIMITED

Page

Company Information

1

Report of the Directors

2

Balance Sheet

3

to

4

Notes to the Financial Statements

5

to

8

DIRECTORS:

Mrs R Harding

Mr M Harding

REGISTERED OFFICE:

7A Potterton Lane

Barwick-In-Elmet

Leeds

West Yorkshire

LS154DU

BUSINESS ADDRESS:

Britannic House

657 Liverpool Road

Irlam

Manchester

M44 5XD

REGISTERED NUMBER:

11257539 (England and Wales)

ACCOUNTANTS:

Cadishead Accountancy Services Limited

Britannic House

657 Liverpool Road

Irlam

Manchester

Lancashire

M44 5XD

BANKERS:

Lloyds Bank

45 Hustlergate

Bradford

BD1 1NT

The directors present their report with the financial statements of the company for the period 30 September 2023 to 27 September 2024.

PRINCIPAL ACTIVITY

The principal activity of the company in the period under review was that of property rentals.

DIRECTORS

The directors set out in the table below have held office during the whole of the period from 30 September 2023 to the date of this report.

The beneficial interests of the directors holding office at 27 September 2024 in the shares of the company, according to the register of directors' interests, were as follows:

27.9.24

30.9.23

Ordinary shares of 10p each

Mrs R Harding

10

10

Mr M Harding

10

10

These directors did not hold any non-beneficial interests in the shares of the company.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mr M Harding - Director

24 December 2025

FIXED ASSETS

Tangible assets

4

530

-

Investment property

5

1,841,000

1,590,000

1,841,530

1,590,000

CURRENT ASSETS

Stocks

935,296

1,659,058

Debtors

6

93,902

10,111

Cash at bank

244,260

13,840

1,273,458

1,683,009

CREDITORS

Amounts falling due within one year

7

(334,634

)

(633,335

)

NET CURRENT ASSETS

938,824

1,049,674

TOTAL ASSETS LESS CURRENT LIABILITIES

2,780,354

2,639,674

CREDITORS

Amounts falling due after more than one year

8

(1,966,785

)

(1,956,188

)

PROVISIONS FOR LIABILITIES

(162,443

)

(135,268

)

NET ASSETS

651,126

548,218

CAPITAL AND RESERVES

Called up share capital

2

2

Fair value reserve

10

486,932

405,804

Retained earnings

164,192

142,412

SHAREHOLDERS' FUNDS

651,126

548,218

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 27 September 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 27 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 24 December 2025 and were signed on its behalf by:

Mr M Harding - Director

1.	STATUTORY INFORMATION

Rayne 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

20% on cost

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

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 period 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 period was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

Additions

663

At 27 September 2024

663

DEPRECIATION

Charge for period

133

At 27 September 2024

133

NET BOOK VALUE

At 27 September 2024

530

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 30 September 2023

1,590,000

Additions

142,829

Revaluations

108,171

At 27 September 2024

1,841,000

NET BOOK VALUE

At 27 September 2024

1,841,000

At 29 September 2023

1,590,000

The property has been valued by the Directors at the year end.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

27.9.24

29.9.23

£

£

Trade debtors

6,663

5,011

Amounts owed by participating interests

4,905

-

Other debtors

82,334

5,100

93,902

10,111

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

27.9.24

29.9.23

£

£

Bank loans and overdrafts

16,530

17,481

Trade creditors

29,471

21,977

Amounts owed to participating interests

242,370

510,097

Taxation and social security

36,414

24,342

Other creditors

9,849

59,438

334,634

633,335

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

27.9.24

29.9.23

£

£

Bank loans

1,966,785

1,956,188

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,941,785

1,916,591

9.	SECURED DEBTS

The following secured debts are included within creditors:

27.9.24

29.9.23

£

£

Bank loans

1,976,616

1,966,087

The company has a fixed and floating charge on the property and all undertakings of the company.

10.

RESERVES

Fair

value

reserve

£

At 30 September 2023

405,804

Transfer to fair value reserve

81,128

At 27 September 2024

486,932

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the periods ended 27 September 2024 and 29 September 2023:

27.9.24

29.9.23

£

£

Mr M Harding

Balance outstanding at start of period

-

-

Amounts advanced

37,446

-

Amounts repaid

(5,500

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

31,946

-

Mrs R Harding

Balance outstanding at start of period

-

-

Amounts advanced

51,288

-

Amounts repaid

(5,500

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

45,788

-

The directors loans were repaid within 9 months of the year-end.

12.	ULTIMATE CONTROLLING PARTY

The company has been under the control of the Directors throughout the year.