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REGISTERED NUMBER: 07239084 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 April 2023

for

Ronan Banim Orthopaedics Limited

Ronan Banim Orthopaedics Limited (Registered number: 07239084)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ronan Banim Orthopaedics Limited

Company Information
for the Year Ended 30 April 2023







DIRECTOR: Mr R H Banim





SECRETARY: Dr S E Banim





REGISTERED OFFICE: c/o Haines Watts Chester
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS





REGISTERED NUMBER: 07239084 (England and Wales)





ACCOUNTANTS: Haines Watts
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS

Ronan Banim Orthopaedics Limited (Registered number: 07239084)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 77,566 96,701
Investments 5 111,035 253,390
188,601 350,091

CURRENT ASSETS
Debtors 6 431,609 56,918
Cash at bank 33,772 159,415
465,381 216,333
CREDITORS
Amounts falling due within one year 7 70,978 53,198
NET CURRENT ASSETS 394,403 163,135
TOTAL ASSETS LESS CURRENT
LIABILITIES

583,004

513,226

PROVISIONS FOR LIABILITIES 14,737 27,567
NET ASSETS 568,267 485,659

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 568,167 485,559
568,267 485,659

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Ronan Banim Orthopaedics Limited (Registered number: 07239084)

Balance Sheet - continued
30 April 2023


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 25 October 2023 and were signed by:





Mr R H Banim - Director


Ronan Banim Orthopaedics Limited (Registered number: 07239084)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Ronan Banim Orthopaedics 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 as modified by the revaluation of certain assets.

The financial statements are presented in sterling, which is functional currency of the company, rounded to the nearest £1.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding rebates, discounts, value added tax and other sales taxes. Turnover from the rendering of services is recognised by the stage of completion of the contract.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 10% on reducing balance
Computer equipment - 25% on cost

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 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.

Investments
Investments are included at fair value. Gains are recognised in the profit and loss account. Deferred taxation is provided on these gains.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

Ronan Banim Orthopaedics Limited (Registered number: 07239084)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2022
and 30 April 2023 488 124,471 14,678 139,637
DEPRECIATION
At 1 May 2022 488 31,381 11,067 42,936
Charge for year - 17,498 1,637 19,135
At 30 April 2023 488 48,879 12,704 62,071
NET BOOK VALUE
At 30 April 2023 - 75,592 1,974 77,566
At 30 April 2022 - 93,090 3,611 96,701

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 May 2022 253,390
Additions 60,000
Disposals (196,375 )
Revaluations (5,980 )
At 30 April 2023 111,035
NET BOOK VALUE
At 30 April 2023 111,035
At 30 April 2022 253,390

The historic cost of this investment is £115,000.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 41,387 29,514
Other debtors 390,222 27,404
431,609 56,918

Ronan Banim Orthopaedics Limited (Registered number: 07239084)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade creditors 576 607
Taxation and social security 66,525 47,451
Other creditors 3,877 5,140
70,978 53,198

8. RELATED PARTY DISCLOSURES

The director loaned to the company a total of £312 and was repaid a total of £936 in the period. The balance owing to the director at 30.04.2023 is £624 (2022- £1,248) and is repayable on demand.