Raphael Holdings Limited - Accounts to registrar (filleted) - small 18.2

Raphael Holdings Limited - Accounts to registrar (filleted) - small 18.2

RAPHAEL HOLDINGS LIMITED - Company Information

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REGISTERED NUMBER: 04912218 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2018

for

Raphael Holdings Limited
Raphael Holdings Limited (Registered number: 04912218)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Raphael Holdings Limited

Company Information
for the Year Ended 31 March 2018







DIRECTORS: R C Hayhoe
M G O'Brien
J R Hayhoe





SECRETARY: R C Hayhoe





REGISTERED OFFICE: 67 Westow Street
Upper Norwood
London
SE19 3RW





REGISTERED NUMBER: 04912218 (England and Wales)





ACCOUNTANTS: Fitzgerald Mithia Springer Limited
Chartered Accountants
67 Westow Street
Upper Norwood
London
SE19 3RW
Page 1
Raphael Holdings Limited (Registered number: 04912218)

Balance Sheet
31 March 2018

31.3.18 31.3.17
Notes £    £   
FIXED ASSETS
Tangible assets 5 769,293 780,077
Investments 6 6,315 6,315
775,608 786,392

CURRENT ASSETS
Debtors 7 561,091 507,273
Cash at bank 29,293 46,927
590,384 554,200
CREDITORS
Amounts falling due within one year 8 (223,677 ) (209,197 )
NET CURRENT ASSETS 366,707 345,003
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,142,315
1,131,395

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 1,142,115 1,131,195
SHAREHOLDERS' FUNDS 1,142,315 1,131,395

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 notes form part of these financial statements

Page 2 continued...
Raphael Holdings Limited (Registered number: 04912218)

Balance Sheet - continued
31 March 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 5 December 2018 and were signed on its behalf
by:




R C Hayhoe - Director



M G O'Brien - Director


The notes form part of these financial statements

Page 3
Raphael Holdings Limited (Registered number: 04912218)

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

Raphael Holdings 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.

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


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the recognition
of certain financial assets and liabilities measured at fair value.

Preparation of consolidated financial statements
The financial statements contain information about Raphael Holdings Limited as an individual company and do
not contain consolidated financial information as the parent of a group. The company is exempt under Section
399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents net invoiced work and, on long term contracts, a sum based on the agreed certificate of
valuation relative to contract value taking into account the stage of completion of the work carried out.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost buildings

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Page 4 continued...
Raphael Holdings Limited (Registered number: 04912218)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

3. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme.The assets of the scheme are held separately from
those of the company in independently administered funds. The amount charged to the profit and loss account
represents the contributions payable to the scheme in respect of the accounting period.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 4 ) .

5. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 April 2017
and 31 March 2018 898,706
DEPRECIATION
At 1 April 2017 118,629
Charge for year 10,784
At 31 March 2018 129,413
NET BOOK VALUE
At 31 March 2018 769,293
At 31 March 2017 780,077

Included in cost of land and buildings is freehold land of £ 359,482 (2017 - £ 359,482 ) which is not
depreciated.

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2017
and 31 March 2018 6,315
NET BOOK VALUE
At 31 March 2018 6,315
At 31 March 2017 6,315

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade debtors 4,052 3,257
Amounts owed by group undertakings 555,100 502,200
Other debtors 1,939 1,816
561,091 507,273

Page 5 continued...
Raphael Holdings Limited (Registered number: 04912218)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Amounts owed to group undertakings 137,813 118,277
Taxation and social security 82,364 87,420
Other creditors 3,500 3,500
223,677 209,197

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party
transactions with wholly owned subsidiaries within the group.

The ultimate controlling party is R C Hayhoe.

Page 6