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REGISTERED NUMBER: 09147194 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

CLUB RALPH LIMITED

CLUB RALPH LIMITED (REGISTERED NUMBER: 09147194)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CLUB RALPH LIMITED

COMPANY INFORMATION
for the Year Ended 31 August 2023







DIRECTOR: M S Ralph





REGISTERED OFFICE: 30 The Ridgeway
Radlett
Hertfordshire
WD7 8PS





REGISTERED NUMBER: 09147194 (England and Wales)





ACCOUNTANTS: KNIGHT WHEELER LIMITED
Chartered Accountants
54 Sun Street
Waltham Abbey
Essex
EN9 1EJ

CLUB RALPH LIMITED (REGISTERED NUMBER: 09147194)

BALANCE SHEET
31 August 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 29,337 30,962

CURRENT ASSETS
Debtors 5 160,028 173,597
Cash at bank 859,743 801,505
1,019,771 975,102
CREDITORS
Amounts falling due within one year 6 (263,043 ) (279,059 )
NET CURRENT ASSETS 756,728 696,043
TOTAL ASSETS LESS CURRENT
LIABILITIES

786,065

727,005

PROVISIONS FOR LIABILITIES 7 (7,334 ) (7,741 )
NET ASSETS 778,731 719,264

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 778,730 719,263
SHAREHOLDERS' FUNDS 778,731 719,264

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 director and authorised for issue on 17 January 2024 and were signed by:




M S Ralph - Director


CLUB RALPH LIMITED (REGISTERED NUMBER: 09147194)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Club Ralph 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 financial statements are presented in sterling (£), which is also the functional currency for the company.

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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

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 material 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating result.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

CLUB RALPH LIMITED (REGISTERED NUMBER: 09147194)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2023

2. ACCOUNTING POLICIES - continued

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the profit and loss account unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 September 2022 114,824
Additions 8,154
At 31 August 2023 122,978
DEPRECIATION
At 1 September 2022 83,862
Charge for year 9,779
At 31 August 2023 93,641
NET BOOK VALUE
At 31 August 2023 29,337
At 31 August 2022 30,962

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 135,884 152,299
Amount due from related
undertaking 22,735 19,735
Prepayments 1,409 1,563
160,028 173,597

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 13,254 7,999
Tax 141,633 153,752
VAT 31,742 33,842
Directors' current accounts 498 246
Accrued expenses 75,916 83,220
263,043 279,059

CLUB RALPH LIMITED (REGISTERED NUMBER: 09147194)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2023

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 7,334 7,741

Deferred
tax
£   
Balance at 1 September 2022 7,741
Credit to Income Statement during year (407 )
Balance at 31 August 2023 7,334

Deferred tax arises due to the timing differences between accelerated capital allowances on plant, and equipment and the net book value of the same and has been provided for at 25% (2022: 25%).

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

9. RELATED PARTY DISCLOSURES

During the year, Club Ralph Ltd paid £47,600 recording studio rent to Beetroot 56 Ltd (2022: £46,200).
This was considered by the director of Club Ralph Ltd to be at fair open market value. At 31 August 2023 Club Ralph Ltd was owed £22,735 by Beetroot 56 Ltd. (2022: owed £19,735). Mr M Ralph is a director of Beetroot 56 Ltd.

10. ULTIMATE CONTROLLING PARTY

The controlling party is M S Ralph.