REGISTERED NUMBER: 00001452 (England and Wales)

RYE CATTLE MARKET COMPANY LIMITED

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

5

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

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

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 ) .

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

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.