Rakasons Limited - Filleted accounts

Registered number

15409280

Rakasons Limited

Filleted Accounts

31 March 2025

Rakasons Limited
Registered number:		15409280
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Current assets
Debtors	3	23,823			-
Cash at bank and in hand		2,064			100
		25,887			100

Creditors: amounts falling due within one year	4	(25,665)			-

Net current assets			222			100

Net assets			222			100

Capital and reserves
Called up share capital			100			100
Profit and loss account			122			-

Shareholders' funds			222			100

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr K Mehta
Director
Approved by the board on 22 December 2025

Rakasons Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of work carried out and services provided to clients. Services provided during the year, which at the balance sheet have not been billed, have been recognised in accordance with "UTIF 40 Revenue Recognition and Service Contracts". Turnover recognised in this manner is based on an assessment of the fair value of services provided at the balance sheet date, typically time costs or proportion of agreed fees. Unbilled revenue is included within turnover and also trade debtors on the balance sheet. Where services are provided on a contingency fee basis then revenue is only recognised when the outcome is known and its value can be reliably estimated.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					0		0


3	Debtors					2025		2024
£							£

	Trade debtors					15,525		-
	Prepayments					4,177		-
	Taxation and social security costs					2,121		-
	Other debtors					2,000		-
						23,823		-


4	Creditors: amounts falling due within one year					2025		2024
£							£

	Taxation and social security costs					29		-
	Accruals					1,520		-
	Directors loan account					24,116		-
						25,665		-


5	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Mr K Mehta
	Directors loan account	-		50		(11,185)		(11,135)

	Mr N Sheikh
	Directors loan account	-		50		(13,031)		(12,981)

		-		100		(24,216)		(24,116)


6	Controlling party

	The directors do not consider there to be an ultimate controlling party.


7	Other information

	Rakasons Limited is a private company limited by shares and incorporated in England. Its registered office is:
	60 Cannon Street
	London
	EC4N 6NP