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Company No: 00479565 (England and Wales)

D E RALSTON AND CO LTD

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

D E RALSTON AND CO LTD

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

D E RALSTON AND CO LTD

COMPANY INFORMATION

For the financial year ended 31 December 2023
D E RALSTON AND CO LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2023
DIRECTOR D E Ralston
REGISTERED OFFICE 71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
England
United Kingdom
COMPANY NUMBER 00479565 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Hitchcock House
Hilltop Park
Devizes Road
Salisbury
Wiltshire SP3 4UF
D E RALSTON AND CO LTD

BALANCE SHEET

As at 31 December 2023
D E RALSTON AND CO LTD

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 1,143 1,333
Investment property 4 552,150 552,150
Investments 5 706,110 666,413
1,259,403 1,219,896
Current assets
Debtors 6 112,737 1
Cash at bank and in hand 25,066 94,736
137,803 94,737
Creditors: amounts falling due within one year 7 ( 23,983) ( 12,015)
Net current assets 113,820 82,722
Total assets less current liabilities 1,373,223 1,302,618
Creditors: amounts falling due after more than one year ( 68,509) ( 69,068)
Net assets 1,304,714 1,233,550
Capital and reserves
Called-up share capital 5,000 5,000
Capital redemption reserve 565 565
Profit and loss account 1,299,149 1,227,985
Total shareholder's funds 1,304,714 1,233,550

Included in the profit and loss account reserves is £554,070 (2022: £547,050) of non-distributable reserves.

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of D E Ralston and Co Ltd (registered number: 00479565) were approved and authorised for issue by the Director on 01 March 2024. They were signed on its behalf by:

D E Ralston
Director
D E RALSTON AND CO LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
D E RALSTON AND CO LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

D E Ralston and Co Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover represents rent receivable. Where customers pay in advance, the amount received is recorded as deferred income and released to profit and loss over the period of the contract.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Fixtures and fittings 10 years straight line
Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Fixtures and fittings Total
£ £
Cost
At 01 January 2023 19,581 19,581
At 31 December 2023 19,581 19,581
Accumulated depreciation
At 01 January 2023 18,248 18,248
Charge for the financial year 190 190
At 31 December 2023 18,438 18,438
Net book value
At 31 December 2023 1,143 1,143
At 31 December 2022 1,333 1,333

4. Investment property

Investment property
£
Valuation
As at 01 January 2023 552,150
As at 31 December 2023 552,150

The Investment properties class of fixed assets was revalued on 26 February 2021 by the director who is internal to the company. The basis of this valuation was open market value. This class of assets has a current value of £552,150 (2022: £552,150) and a carrying amount at historical cost of £302,150 (2022: £302,150). The depreciation on this historical cost is £0 (2022: £0).

The director considers that the current market value of the investment properties does not differ significantly from the value shown in the accounts. This opinion is based on observation of property market values and current economic conditions.

5. Fixed asset investments

Listed investments Total
£ £
Cost or valuation before impairment
At 01 January 2023 666,413 666,413
Additions 61,277 61,277
Disposals ( 77,734) ( 77,734)
Movement in fair value 56,154 56,154
At 31 December 2023 706,110 706,110
Carrying value at 31 December 2023 706,110 706,110
Carrying value at 31 December 2022 666,413 666,413

6. Debtors

2023 2022
£ £
Amounts owed by director 112,697 0
Prepayments 40 1
112,737 1

7. Creditors: amounts falling due within one year

2023 2022
£ £
Amounts owed to director ( 1) 315
Accruals 7,850 8,064
Corporation tax 16,134 3,636
23,983 12,015

8. Related party transactions

Transactions with the entity's director

2023 2022
£ £
At 1 January 2023 0 8,376
Advances to director 113,156 41,308
Repayments by director (458) (49,684)
At 31 December 2023 112,698 0