Company No:
Contents
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 |
Note | 2023 | 2022 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 3 |
|
|
|
Investment property | 4 |
|
|
|
Investments | 5 |
|
|
|
1,259,403 | 1,219,896 | |||
Current assets | ||||
Debtors | 6 |
|
|
|
Cash at bank and in hand |
|
|
||
137,803 | 94,737 | |||
Creditors: amounts falling due within one year | 7 | (
|
(
|
|
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 | (
|
(
|
||
Net assets |
|
|
||
Capital and reserves | ||||
Called-up share capital |
|
|
||
Capital redemption reserve |
|
|
||
Profit and loss account |
|
|
||
Total shareholder's funds |
|
|
Included in the profit and loss account reserves is £554,070 (2022: £547,050) of non-distributable reserves.
Director's responsibilities:
The financial statements of D E Ralston and Co Ltd (registered number:
D E Ralston
Director |
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.
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 £.
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.
Fixtures and fittings |
|
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.
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.
2023 | 2022 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including the director |
|
|
Fixtures and fittings | Total | ||
£ | £ | ||
Cost | |||
At 01 January 2023 |
|
|
|
At 31 December 2023 |
|
|
|
Accumulated depreciation | |||
At 01 January 2023 |
|
|
|
Charge for the financial year |
|
|
|
At 31 December 2023 |
|
|
|
Net book value | |||
At 31 December 2023 |
|
|
|
At 31 December 2022 |
|
|
Investment property | |
£ | |
Valuation | |
As at 01 January 2023 |
|
As at 31 December 2023 |
|
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.
Listed investments | Total | ||
£ | £ | ||
Cost or valuation before impairment | |||
At 01 January 2023 |
|
|
|
Additions |
|
|
|
Disposals | (
|
(
|
|
Movement in fair value |
|
|
|
At 31 December 2023 |
|
|
|
Carrying value at 31 December 2023 |
|
|
|
Carrying value at 31 December 2022 |
|
|
2023 | 2022 | ||
£ | £ | ||
Amounts owed by director |
|
|
|
Prepayments |
|
|
|
|
|
2023 | 2022 | ||
£ | £ | ||
Amounts owed to director | (
|
|
|
Accruals |
|
|
|
Corporation tax |
|
|
|
|
|
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 |