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REGISTERED NUMBER: 00001452 (England and Wales)














RYE CATTLE MARKET COMPANY LIMITED

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






RYE CATTLE MARKET COMPANY LIMITED (REGISTERED NUMBER: 00001452)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


RYE CATTLE MARKET COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: L Cooke
C H Stutely
Miss M N Howse
M T Cooke
J M Cooke
Ms H M Stutely





SECRETARY: C H Stutely





REGISTERED OFFICE: Landgate Chambers
Rye
East Sussex
TN31 7LJ





REGISTERED NUMBER: 00001452 (England and Wales)





AUDITORS: GMP Audit Limited, Statutory Auditor
82 High Street
Tenterden
Kent
TN30 6JG

RYE CATTLE MARKET COMPANY LIMITED (REGISTERED NUMBER: 00001452)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,711 25,933

CURRENT ASSETS
Debtors 5 9,916 9,307
Cash at bank and in hand 427,252 386,624
437,168 395,931
CREDITORS
Amounts falling due within one year 6 56,273 47,795
NET CURRENT ASSETS 380,895 348,136
TOTAL ASSETS LESS CURRENT
LIABILITIES

403,606

374,069

PROVISIONS FOR LIABILITIES 533 675
NET ASSETS 403,073 373,394

CAPITAL AND RESERVES
Called up share capital 7 2,190 2,190
Capital redemption reserve 60 60
Retained earnings 400,823 371,144
SHAREHOLDERS' FUNDS 403,073 373,394

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2023 and were signed on its behalf by:





L Cooke - Director


RYE CATTLE MARKET COMPANY LIMITED (REGISTERED NUMBER: 00001452)

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


1. STATUTORY INFORMATION

Rye Cattle Market Company 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. 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.

Turnover
Turnover is the total amount receivable by the company for the rent of garages, buildings and site, the Thursday and Bank Holiday markets and car parking ticket and season ticket sales, excluding VAT.

Tangible fixed assets
Depreciation is calculated to write down the cost or valuation less estimated residual value of all tangible fixed assets, other than freehold land, over their expected useful lives. The rates and periods generally applicable are:

Freehold buildings -30 years straight line
Plant and machinery - 40% on reducing balance
Freehold land -not depreciated

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

RYE CATTLE MARKET COMPANY LIMITED (REGISTERED NUMBER: 00001452)

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


4. TANGIBLE FIXED ASSETS
Freehold
land and Plant &
buildings equipment Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 71,518 16,050 87,568
DEPRECIATION
At 1 April 2022 49,138 12,497 61,635
Charge for year 1,801 1,421 3,222
At 31 March 2023 50,939 13,918 64,857
NET BOOK VALUE
At 31 March 2023 20,579 2,132 22,711
At 31 March 2022 22,380 3,553 25,933

Included in cost of land and buildings is freehold land of £ 17,472 (2022 - £ 17,472 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 503 355
Other debtors 9,413 8,952
9,916 9,307

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 31,039 20,198
Other creditors 25,234 27,597
56,273 47,795

Included in other creditors is £10,350 (2022: £10,050) of dividends payable, which represents dividends previously declared for shareholders that can not be traced or are otherwise unpaid.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
150 Ordinary £5 750 750
144 Ordinary £10 1,440 1,440
2,190 2,190

RYE CATTLE MARKET COMPANY LIMITED (REGISTERED NUMBER: 00001452)

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


8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Samantha Whiting FCA (Senior Statutory Auditor)
for and on behalf of GMP Audit Limited, Statutory Auditor

9. CAPITAL COMMITMENTS
2023 2022
£    £   
Contracted but not provided for in the
financial statements 4,245 -

10. POST BALANCE SHEET EVENTS

After the year end a dividend was declared of £109,500 (2021: £65,700) based on the results for the year ended 31 March 2023.