Raydons Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02876413 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

FOR

Raydons Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

6

DIRECTORS:

Mr P D Clarke

Mrs M J Clarke

Mrs J Smith

Mrs L Chiverton-Clarke

SECRETARY:

Mr P D Clarke

REGISTERED OFFICE:

Units SCF 1 & 2

South Core, Western International Market

Hayes Road

Southall

Middlesex

UB2 5XJ

REGISTERED NUMBER:

02876413 (England and Wales)

ACCOUNTANTS:

Cooper Dawn Jerrom Limited

Chartered Accountants

Units SCF 1 & 2

Western International Market

Hayes Road

Southall

Middlesex

UB2 5XJ

FIXED ASSETS

Tangible assets

4

260

163

Investments

5

1,436,173

1,346,022

1,436,433

1,346,185

CURRENT ASSETS

Debtors

6

32

16

Cash at bank

818

73,014

850

73,030

CREDITORS

Amounts falling due within one year

7

13,200

13,284

NET CURRENT (LIABILITIES)/ASSETS

(12,350

)

59,746

TOTAL ASSETS LESS CURRENT LIABILITIES

1,424,083

1,405,931

CAPITAL AND RESERVES

Called up share capital

976

976

Revaluation Increase in Value

8

595,897

542,662

Retained earnings

8

827,210

862,293

SHAREHOLDERS' FUNDS

1,424,083

1,405,931

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 August 2021 and were signed on its behalf by:

Mr P D Clarke - Director

1.	STATUTORY INFORMATION

Raydons 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.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Freehold property

No depreciation is provided on the freehold property which is a departure from the requirements of the Companies Act 2006. In the opinion of the directors this building's current value is of more significance than any measure of consumption and to depreciate it would not give a true and fair view. If this departure from the Act had not been made, the (profit/loss) for the year would have been reduced by depreciation.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2019 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2020

3,267

Additions

145

At 31 December 2020

3,412

DEPRECIATION

At 1 January 2020

3,104

Charge for year

48

At 31 December 2020

3,152

NET BOOK VALUE

At 31 December 2020

260

At 31 December 2019

163

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2020

1,346,022

Increase/(Loss) in value

94,612

Movements during the year

(4,461

)

At 31 December 2020

1,436,173

NET BOOK VALUE

At 31 December 2020

1,436,173

At 31 December 2019

1,346,022

Fixed asset investments are shown at market value.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Other debtors

32

16

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Bank loans and overdrafts

4,385

3,226

Other creditors

8,815

10,058

13,200

13,284

8.

RESERVES

Revaluation

Retained

Increase

earnings

in Value

Totals

£

£

£

At 1 January 2020

862,293

542,662

1,404,955

Deficit for the year

(6,461

)

(6,461

)

Dividends

(70,000

)

(70,000

)

Increase in value investments

41,378

53,235

94,613

At 31 December 2020

827,210

595,897

1,423,107

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr P D Clarke.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Raydons Limited for the year ended 31 December 2020 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Raydons Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Raydons Limited and state those matters that we have agreed to state to the Board of Directors of Raydons Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Raydons Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Raydons Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Raydons Limited. You consider that Raydons Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Raydons Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Cooper Dawn Jerrom Limited

Chartered Accountants

Units SCF 1 & 2

Western International Market

Hayes Road

Southall

Middlesex

UB2 5XJ

3 August 2021