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Company No: 00858670 (England and Wales)

RIPPONS BAKERY LIMITED

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

RIPPONS BAKERY LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2023

Contents

RIPPONS BAKERY LIMITED

COMPANY INFORMATION

For the financial year ended 31 October 2023
RIPPONS BAKERY LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 October 2023
DIRECTORS Mr A P Rippon
Mrs J L Rippon
SECRETARY Mr A P Rippon
REGISTERED OFFICE Jean-Al-Lor Hicks Mill
Bissoe
Truro
TR4 8RB
United Kingdom
COMPANY NUMBER 00858670 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Lowin House
Tregolls Road
Truro
Cornwall TR1 2NA
RIPPONS BAKERY LIMITED

BALANCE SHEET

As at 31 October 2023
RIPPONS BAKERY LIMITED

BALANCE SHEET (continued)

As at 31 October 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 276,503 276,724
Investments 4 37,401 42,659
313,904 319,383
Current assets
Debtors 5 650 165
Cash at bank and in hand 1,426 4,584
2,076 4,749
Creditors: amounts falling due within one year 6 ( 2,035) ( 1,756)
Net current assets 41 2,993
Total assets less current liabilities 313,945 322,376
Provision for liabilities ( 139) ( 17,477)
Net assets 313,806 304,899
Capital and reserves
Called-up share capital 7 2,916 2,916
Revaluation reserve 242,932 242,932
Capital redemption reserve 4,084 4,084
Profit and loss account 63,874 54,967
Total shareholders' funds 313,806 304,899

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

Directors' responsibilities:

The financial statements of Rippons Bakery Limited (registered number: 00858670) were approved and authorised for issue by the Board of Directors on 12 March 2024. They were signed on its behalf by:

Mr A P Rippon
Director
RIPPONS BAKERY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2023
RIPPONS BAKERY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 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

Rippons Bakery Limited (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 Jean-Al-Lor Hicks Mill, Bissoe, Truro, TR4 8RB, 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 £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the rental income and in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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 reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated
Plant and machinery 10 % reducing balance
Vehicles 10 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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 directors 2 2

3. Tangible assets

Land and buildings Plant and machinery Vehicles Total
£ £ £ £
Cost
At 01 November 2022 275,000 3,188 19,495 297,683
At 31 October 2023 275,000 3,188 19,495 297,683
Accumulated depreciation
At 01 November 2022 0 1,782 19,177 20,959
Charge for the financial year 0 141 80 221
At 31 October 2023 0 1,923 19,257 21,180
Net book value
At 31 October 2023 275,000 1,265 238 276,503
At 31 October 2022 275,000 1,406 318 276,724

4. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 November 2022 42,659 42,659
Disposals ( 5,396) ( 5,396)
Movement in fair value 138 138
At 31 October 2023 37,401 37,401
Carrying value at 31 October 2023 37,401 37,401
Carrying value at 31 October 2022 42,659 42,659

5. Debtors

2023 2022
£ £
Other debtors 650 165

6. Creditors: amounts falling due within one year

2023 2022
£ £
Other taxation and social security 32 0
Other creditors 2,003 1,756
2,035 1,756

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
2,916 Ordinary shares of £ 1.00 each 2,916 2,916

8. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
A P D C Rippon - Interest free loan 420 0

In 2022, A Rippon had an opening balance of £700. During the year, advances £4,500 and repayments of £5,200 were made, resulting in the closing balance of £Nil.
In 2023, A Rippon had a £NIL opening balance. During the year advances of £420 were made , resulting in the closing balance of £420.