Raine Anaesthetic Enterprises Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07200710 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2020

for

Raine Anaesthetic Enterprises Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

62,983

69,281

Tangible assets

5

532

1,064

63,515

70,345

CURRENT ASSETS

Debtors

6

9,000

10,002

Cash at bank

104,589

76,039

113,589

86,041

CREDITORS

Amounts falling due within one year

7

59,492

88,656

NET CURRENT ASSETS/(LIABILITIES)

54,097

(2,615

)

TOTAL ASSETS LESS CURRENT LIABILITIES

117,612

67,730

PROVISIONS FOR LIABILITIES

101

202

NET ASSETS

117,511

67,528

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

117,411

67,428

SHAREHOLDERS' FUNDS

117,511

67,528

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2020 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21st December 2020 and were signed on its behalf by:

Dr G J Raine - Director

1.	COMPANY INFORMATION

Raine Anaesthetic Enterprises Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

07200710

Registered office:

First Floor

49 Peter Street

Manchester

M2 3NG

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There have been no critical judgements, estimates or assumptions made in the preparation of these financial statements.

Turnover

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

Revenue from the provision of professional services is recognised on delivery of the service.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Tangible Fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment loss.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:

Fixtures and Fittings - 25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 year 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 year was 2 (2019 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2019

and 31st March 2020

125,970

AMORTISATION

At 1st April 2019

56,689

Amortisation for year

6,298

At 31st March 2020

62,987

NET BOOK VALUE

At 31st March 2020

62,983

At 31st March 2019

69,281

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1st April 2019

and 31st March 2020

2,917

DEPRECIATION

At 1st April 2019

1,853

Charge for year

532

At 31st March 2020

2,385

NET BOOK VALUE

At 31st March 2020

532

At 31st March 2019

1,064

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

9,000

10,002

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Corporation tax payable

13,386

13,700

Wages and salaries creditor

-

1,341

Directors' current accounts

45,902

73,129

Accrued expenses

204

486

59,492

88,656

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.20

31.3.19

value:

£

£

50

Ordinary A

£1

50

50

50

Ordinary B

£1

50

50

100

100

The A Shares confer on the holders the right to vote upon any resolution proposed at any

general meeting of the company.

The B Shares do not confer on the holders the right to vote upon any resolution proposed at

any general meeting of the company.

The A and B Shares rank pari passu in respect of dividend and capital distribution rights.

9.

CONTROL

The ultimate controlling party is Dr G Raine by virtue of holding 100% of the voting rights.