Company Registration No. 08457334 (England and Wales)
Rathiams Ltd
Unaudited accounts
for the year ended 31 March 2023
Rathiams Ltd
Unaudited accounts
Contents
Rathiams Ltd
Company Information
for the year ended 31 March 2023
Directors
Martyn Williams
Emma Rathbone
Company Number
08457334 (England and Wales)
Registered Office
Ing Hill Lodge
Mallerstang
Kirkby Stephen
Cumbria
CA17 4JT
England
Rathiams Ltd
Statement of financial position
as at 31 March 2023
Tangible assets
298,902
301,102
Cash at bank and in hand
7,558
20,926
Creditors: amounts falling due within one year
(14,357)
(23,546)
Net current (liabilities)/assets
(3,265)
9,709
Total assets less current liabilities
295,637
310,811
Creditors: amounts falling due after more than one year
(220,302)
(224,516)
Called up share capital
2
2
Profit and loss account
75,333
86,293
Shareholders' funds
75,335
86,295
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 December 2023 and were signed on its behalf by
Emma Rathbone
Director
Company Registration No. 08457334
Rathiams Ltd
Notes to the Accounts
for the year ended 31 March 2023
Rathiams Ltd is a private company, limited by shares, registered in England and Wales, registration number 08457334. The registered office is Ing Hill Lodge, Mallerstang, Kirkby Stephen, Cumbria, CA17 4JT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Rathiams Ltd is a non-trading holding company for the two wholly owned subsidiaries. See the note on Other Accounting Policies for details of the subsidiaries. The turnover shown in the profit and loss account represents the consolidated revenue reported in the subsidiaries' accounts for the corresponding accounting period and is shown net of Value Added Tax.
Tangible fixed assets policy
Rathiams Ltd has no fixed assets of it's own, the amounts reported are those pertaining to the wholly owned subsidiary, Elysian Fields (Dalar) Ltd.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
- Land & Buildings: Not depreciated
- Fixtures & Fittings: 20% on Cost
Other accounting policies
For the Accounting Period ending 31st March 2017 the Company was entitled to exemption under Section 479 of the Companies Act 2006 relating to subsidiary companies.
Directors' responsibilities: The members have not required the Company to obtain an audit in accordance with Section 476. The Director's acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
Rathiams Ltd is a non-trading Parent company and has two wholly owned subsidiaries, Gnaritas Ltd. (CRN 5344990) and Elysian Fields (Dalar) Ltd. (CRN 8457245). Under Section 479A of the Companies Act 2006, both subsidiaries are exempt from the requirements relating to the audit of their accounts.
Rathiams Ltd
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2022
290,000
40,139
330,139
At 31 March 2023
290,000
40,139
330,139
At 1 April 2022
-
29,037
29,037
Charge for the year
-
2,200
2,200
At 31 March 2023
-
31,237
31,237
At 31 March 2023
290,000
8,902
298,902
At 31 March 2022
290,000
11,102
301,102
Amounts falling due within one year
Other debtors
3,534
12,329
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
12,353
13,444
Taxes and social security
-
5,979
Deferred income
2,004
2,661
Included as Other Creditors is an amount of £1,462 pertaining to the amount of the Covid Bounce Back Loan falling due within the next 12 months.
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
214,916
217,141
Other creditors
5,386
7,375
Included in 'Other Creditors' is an amount of £7,375 pertaining to the Covid Bounce Bank Loan.
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
Rathiams Ltd
Notes to the Accounts
for the year ended 31 March 2023
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
