RAYMAN FINANCE LIMITED

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  Material uncertainty over going concern

  Based on the above, the company relies on its ultimate parent company for financial support, which is not guaranteed. This indicates that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern and therefore, the company may be unable to realise its assets and discharge its liabilities in the normal course of business. Notwithstanding this material uncertainty on the going concern assumption, the Directors are confident that given the group's track record, the group and the ultimate parent company's debt falling due for repayment in the going concern period will be refinanced or settled in line with plans, rather than requiring repayment on maturity, or will be extinguished as part of property disposals in the period and consequently, the ultimate parent company will be able to provide the required support to the company. Therefore, the Directors continue to adopt the going concern basis in preparing these company financial statements.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Based on the above, the company relies on its ultimate parent company for financial support, which is not guaranteed. This indicates that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern and therefore, the company may be unable to realise its assets and discharge its liabilities in the normal course of business. Notwithstanding this material uncertainty on the going concern assumption, the Directors are confident that given the group's track record, the group and the ultimate parent company's debt falling due for repayment in the going concern period will be refinanced or settled in line with plans, rather than requiring repayment on maturity, or will be extinguished as part of property disposals in the period and consequently, the ultimate parent company will be able to provide the required support to the company. Therefore, the Directors continue to adopt the going concern basis in preparing these company financial statements.”

Significant events

• “Significant events or changes in the Global and/or European political and/or economic landscape may affect the value of net assets and profitability. The risk remains high given Russia's invasion of Ukraine and economic concerns over, and responses to, higher levels of inflation and slowing GDP.”
• “In January 2024, the share capital of the Company was reduced by £29,887,089 by reducing the nominal value of each issued fully paid up ordinary share from £1 to £0.0001.”
• “In January 2024, the share premium of the company was reduced by £2,997,000.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.