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REGISTERED NUMBER: 09907126 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

RANSON PROPERTY LIMITED

RANSON PROPERTY LIMITED (REGISTERED NUMBER: 09907126)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


RANSON PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mr B A Ranson





REGISTERED OFFICE: Unit 2.02
High Weald Huse
Glovers End
Bexhill
East Sussex
TN39 5ES





REGISTERED NUMBER: 09907126 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

RANSON PROPERTY LIMITED (REGISTERED NUMBER: 09907126)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 12,071,318 12,071,318
Investment property 5 1,136,210 1,136,210
13,207,528 13,207,528

CURRENT ASSETS
Debtors 6 98,550 1,490
Investments 7 57,946 35,499
Cash at bank 6,628 -
163,124 36,989
CREDITORS
Amounts falling due within one year 8 461,190 294,198
NET CURRENT LIABILITIES (298,066 ) (257,209 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,909,462

12,950,319

CREDITORS
Amounts falling due after more than one year 9 12,871,713 12,866,951
NET ASSETS 37,749 83,368

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 37,649 83,268
SHAREHOLDERS' FUNDS 37,749 83,368

RANSON PROPERTY LIMITED (REGISTERED NUMBER: 09907126)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 October 2023 and were signed by:





Mr B A Ranson - Director


RANSON PROPERTY LIMITED (REGISTERED NUMBER: 09907126)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Ranson Property 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.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

GOING CONCERN
The accounts have been prepared on a going concern basis as the directors and shareholders have agreed to provide such funding as necessary to enable the company to continue to trade.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

INVESTMENT PROPERTY
Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in the Statement of Comprehensive Income.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

RANSON PROPERTY LIMITED (REGISTERED NUMBER: 09907126)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. FIXED ASSET INVESTMENTS

2023 2022
£    £   
Shares in group undertakings 100 100
Other investments not loans 12,071,218 12,071,218
12,071,318 12,071,318

Additional information is as follows:
Shares in
group
undertaking
£   
Cost
At 1 April 2022
and 31 March 2023 100
Net book value
At 31 March 2023 100
At 31 March 2022 100

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Fixed assets investments 12,071,218 12,071,218

Shares in group undertakings consist of 100% of the share capital of Ranson Property Short Term Limited.

Other fixed asset investments relate to investment in Ranson Property Management LLP .

5. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 April 2022
and 31 March 2023 1,136,210
Net book value
At 31 March 2023 1,136,210
At 31 March 2022 1,136,210

RANSON PROPERTY LIMITED (REGISTERED NUMBER: 09907126)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


5. INVESTMENT PROPERTY - continued

The 2023 valuations were made by the director of the company, on an open market value for existing use basis.The director has significant experience in the property market and considers himself sufficiently experienced and knowledgeable to be able to determine the valuation of the properties

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 98,550 1,490

7. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Unlisted investments 57,946 35,499

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 21,443 21,633
Trade creditors 12,589 970
Taxation and social security 5,325 4,971
Other creditors 421,833 266,624
461,190 294,198

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 800,495 795,733
Other creditors 12,071,218 12,071,218
12,871,713 12,866,951

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 12,071,218 12,071,218

Repayable by instalments
Bank loans more 5 yr by instal 749,230 734,468

RANSON PROPERTY LIMITED (REGISTERED NUMBER: 09907126)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


10. SECURED DEBTS

The bank loans included in "Bank loans" amounting to £749,230 (2022: £734,468) are secured by way of a first charge over the company's investment properties.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100