Company Registration No. 05851690 (England and Wales)
RAYER LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
PAGES FOR FILING WITH REGISTRAR
RAYER LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
RAYER LIMITED
BALANCE SHEET
AS AT
30 JUNE 2021
30 June 2021
- 1 -
2021
2020
Notes
£
£
£
£
Fixed assets
Investments
3
2
2
Current assets
Debtors
5
2
2
Creditors: amounts falling due within one year
6
(9,170)
(9,170)
Net current liabilities
(9,168)
(9,168)
Net liabilities
(9,166)
(9,166)
Capital and reserves
Called up share capital
7
2
2
Profit and loss reserves
(9,168)
(9,168)
Total equity
(9,166)
(9,166)
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 30 June 2021 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 8 March 2022
Mrs S Marment
Director
Company Registration No. 05851690
RAYER LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
- 2 -
1
Accounting policies
Company information
Rayer Limited is a
private
company
limited by shares
incorporated in
England and Wales
.
The registered office is
Holly Cottage, High Street, Adderbury, Oxon, OX17 3NA.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Going concern
A key risk to the future continued going concern of the company are the risks and uncertainties as to the impact of the Covid - 19 outbreak in the UK. As at the date of approving these accounts the directors have assessed the impact of Covid-19 and are satisfied that these accounts continue to be prepared on a going concern basis.
1.3
Profit and loss account
The company has not traded during the year or the preceding financial period. During
this time,
the company received no income and incurred no expenditure and therefore no
Profit and loss account
is presented
in these financial statements.
1.4
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.
The investments are assessed for impairment at each reporting date
and
any
impairment
losses or reversals of impairment losses are recognised immediately in
profit
or
loss
.
A subsidiary is an entity controlled by the company
. Control is
the power to govern the financial and operating policies of
the
entity so as to obtain benefits from its activities.
1.5
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset
, with
the net amounts presented in the financial statements
,
when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic
financial assets, which
comprises of
debtors
, are initially measured at transaction price
(
including transaction costs
)
and are
subsequently
measured at the
un
discounted
amount receivable.
RAYER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2021
1
Accounting policies
(Continued)
- 3 -
Basic financial liabilities
Financial
liabilities,
which comprises of
trade
creditors and loans from subsidiaries, are
initially recognised at transaction price
(including transaction costs) and are subsequently measured at the undiscounted amount payable.
1.6
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2021
2020
Number
Number
Total
3
Fixed asset investments
2021
2020
£
£
Investments
2
2
Movements in fixed asset investments
Shares in group undertakings
£
Cost or valuation
At 1 July 2020 & 30 June 2021
2
Carrying amount
At 30 June 2021
2
At 30 June 2020
2
4
Subsidiaries
Details of the company's subsidiaries at 30 June 2021 are as follows:
Name of undertaking
Registered
Nature of business
Class of
% Held
office
shares held
Direct
Indirect
Rayer (Jordan) Limited
Jordan
Dormant
Ordinary
100.00
0
RAYER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2021
- 4 -
5
Debtors
2021
2020
Amounts falling due within one year:
£
£
Other debtors
2
2
6
Creditors: amounts falling due within one year
2021
2020
£
£
Amounts owed to group undertakings
2
2
Other creditors
9,168
9,168
9,170
9,170
7
Called up share capital
2021
2020
£
£
Ordinary share capital
Issued and not fully paid
2 Ordinary shares of £1 each
2
2
2
2
8
Related party transactions
As at 30 June 2021 the company owed S. Marment £8,760 (2020 - £8,760). No interest is being charged to the company.