Rais Opportunities Ltd - Period Ending 2022-03-31

Rais Opportunities Ltd

Contents

Company Information	1
Accountants' Report	2
Statement of Financial Position	3 to 4
Notes to the Unaudited Financial Statements	5 to 8

Rais Opportunities Ltd

Company Information

Directors

Mrs A Boczkowska - Young W Young

Registered office

D S House 306 High Street Croydon Surrey CR0 1NG

Accountants

DSK Partners LLP Chartered Accountants D S House 306 High Street Croydon Surrey CR0 1NG

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Rais Opportunities Ltd
for the Year Ended 31 March 2022

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Rais Opportunities Ltd for the year ended 31 March 2022 as set out on pages 3 to 8 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 at
http://www.icaew.com/regulation.

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

It is your duty to ensure that Rais Opportunities Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Rais Opportunities Ltd. You consider that Rais Opportunities Ltd 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 accounts of Rais Opportunities Ltd. 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 accounts.

......................................

DSK Partners LLP
Chartered Accountants
D S House
306 High Street
Croydon
Surrey
CR0 1NG

31 March 2023

Rais Opportunities Ltd

(Registration number: 09383407)
Statement of Financial Position as at 31 March 2022

	Note	2022 £	2021 £
Fixed assets
Tangible assets	4	95	142
Current assets
Debtors	5	189,537	118,469
Cash at bank and in hand		364,248	335,696
		553,785	454,165
Creditors: Amounts falling due within one year	6	(49,716)	(61,932)
Net current assets		504,069	392,233
Total assets less current liabilities		504,164	392,375
Creditors: Amounts falling due after more than one year	6	(152,023)	(152,023)
Net assets		352,141	240,352
Capital and reserves
Called up share capital		14,284	14,284
Share premium reserve		445,653	445,653
Retained earnings		(107,796)	(219,585)
Shareholders' funds		352,141	240,352

For the financial year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Rais Opportunities Ltd

(Registration number: 09383407)
Statement of Financial Position as at 31 March 2022 (continued)

Approved and authorised by the Board on 31 March 2023 and signed on its behalf by:
 

Mrs A Boczkowska - Young Director

Rais Opportunities Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
D S House
306 High Street
Croydon
Surrey
CR0 1NG
United Kingdom

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

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.

Tax

Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the periods in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Pension costs and other post-retirement benefits

Rais Opportunities Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022 (continued)

2	Accounting policies (continued)

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and Fittings	25% SLM

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2021 - 4).

Rais Opportunities Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022 (continued)

4	Tangible assets

	Office equipment £	Total £
Cost or valuation
At 1 April 2021	186	186
At 31 March 2022	186	186
Depreciation
At 1 April 2021	44	44
Charge for the year	47	47
At 31 March 2022	91	91
Carrying amount
At 31 March 2022	95	95
At 31 March 2021	142	142

5

Debtors

Current	2022 £	2021 £
Trade debtors	98,289	50,007
Other debtors	91,248	68,462
	189,537	118,469

Rais Opportunities Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022 (continued)

6

Creditors

Creditors: amounts falling due within one year

	Note	2022 £	2021 £
Due within one year
Amounts due to related parties		7,557	14,557
Social security and other taxes		39,696	38,446
Other payables		63	31
Accruals		2,400	8,898
		49,716	61,932
Due after one year
Loans and borrowings	7	152,023	152,023

7	Loans and borrowings

	2022 £	2021 £
Non-current loans and borrowings
Bank borrowings	152,023	152,023