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REGISTERED NUMBER: 04004005 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

RIPE INVESTMENTS LIMITED

RIPE INVESTMENTS LIMITED (REGISTERED NUMBER: 04004005)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RIPE INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: P A J Hayden
G R Jordan





SECRETARY: G R Jordan





REGISTERED OFFICE: 52 Pulens Lane
Petersfield
Hampshire
GU31 4DD





REGISTERED NUMBER: 04004005 (England and Wales)





ACCOUNTANTS: Jackson Robson Licence Limited
33-35 Exchange Street
Driffield
East Yorkshire
YO25 6LL

RIPE INVESTMENTS LIMITED (REGISTERED NUMBER: 04004005)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 295 347
Investment property 5 509,416 509,416
509,711 509,763

CURRENT ASSETS
Debtors 6 484 535
Cash at bank 28,412 8,523
28,896 9,058
CREDITORS
Amounts falling due within one year 7 1,891 901
NET CURRENT ASSETS 27,005 8,157
TOTAL ASSETS LESS CURRENT
LIABILITIES

536,716

517,920

CREDITORS
Amounts falling due after more than one
year

8

425,756

425,756
NET ASSETS 110,960 92,164

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 110,956 92,160
SHAREHOLDERS' FUNDS 110,960 92,164

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

RIPE INVESTMENTS LIMITED (REGISTERED NUMBER: 04004005)

BALANCE SHEET - continued
31 MAY 2023


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 3 April 2024 and were signed on its behalf by:





G R Jordan - Director


RIPE INVESTMENTS LIMITED (REGISTERED NUMBER: 04004005)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

Ripe Investments 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.

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 etc - 15% on reducing balance

Investment property
Investment property is reflected at historical cost. The directors consider a reasonable approximation of its current open market value to be £1.1 million.

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 2 (2022 - 2 ) .

RIPE INVESTMENTS LIMITED (REGISTERED NUMBER: 04004005)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

4. TANGIBLE FIXED ASSETS
Plant & Fixtures
equipment & furnishings Totals
£    £    £   
COST
At 1 June 2022
and 31 May 2023 2,861 5,841 8,702
DEPRECIATION
At 1 June 2022 2,781 5,574 8,355
Charge for year 12 40 52
At 31 May 2023 2,793 5,614 8,407
NET BOOK VALUE
At 31 May 2023 68 227 295
At 31 May 2022 80 267 347

5. INVESTMENT PROPERTY
Total
£   
COST
At 1 June 2022
and 31 May 2023 509,416
NET BOOK VALUE
At 31 May 2023 509,416
At 31 May 2022 509,416

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 484 535

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 1,891 901

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 425,756 425,756

9. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.