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REGISTERED NUMBER: 00326354 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2023

for

RONSONS LIMITED

RONSONS LIMITED (REGISTERED NUMBER: 00326354)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RONSONS LIMITED

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: D M Ronson
J Ronson





REGISTERED OFFICE: Fairway House
Links Business Park
St. Mellons
Cardiff
CF3 0LT





REGISTERED NUMBER: 00326354 (England and Wales)





ACCOUNTANTS: Hayvenhursts
Fairway House
Links Business Park
St Mellons
Cardiff
CF3 0LT

RONSONS LIMITED (REGISTERED NUMBER: 00326354)

Balance Sheet
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 626,310 635,066

CURRENT ASSETS
Debtors 5 1,278,980 1,189,015
Cash at bank 117,879 146,459
1,396,859 1,335,474
CREDITORS
Amounts falling due within one year 6 (128,261 ) (142,026 )
NET CURRENT ASSETS 1,268,598 1,193,448
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,894,908

1,828,514

CREDITORS
Amounts falling due after more than
one year

7

(16,435

)

(26,557

)

PROVISIONS FOR LIABILITIES (57,860 ) (57,860 )
NET ASSETS 1,820,613 1,744,097

CAPITAL AND RESERVES
Called up share capital 28,565 28,565
Revaluation reserve 8 479,298 479,298
Retained earnings 1,312,750 1,236,234
SHAREHOLDERS' FUNDS 1,820,613 1,744,097

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

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

RONSONS LIMITED (REGISTERED NUMBER: 00326354)

Balance Sheet - continued
31 DECEMBER 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 29 July 2024 and were signed on its behalf by:





D M Ronson - Director


RONSONS LIMITED (REGISTERED NUMBER: 00326354)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Ronsons 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 5% on cost
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

The directors have incorporated the market value of the investment property in accordance with SSAP 19. No depreciation is provided on the long leasehold property. The property is maintained to ensure that its residual value does not diminish over time, with the maintenance costs being charged to profit and loss account in the period incurred.

Investment properties are revalued annually by the directors or professional advisers in accordance with SSAP 19 and the aggregate surplus or deficit is transferred to the investment revaluation reserve. The directors have performed an impairment review in relation to the company's property and consider that no depreciation is necessary as no impairment has occurred. The absence of depreciation is not in accordance with FRS No.15 'Tangible Fixed Assets'.

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.


RONSONS LIMITED (REGISTERED NUMBER: 00326354)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Short Plant and Motor
leasehold machinery vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1 January 2023
and 31 December 2023 600,000 436 44,035 644,471
DEPRECIATION
At 1 January 2023 - 231 9,174 9,405
Charge for year - 41 8,715 8,756
At 31 December 2023 - 272 17,889 18,161
NET BOOK VALUE
At 31 December 2023 600,000 164 26,146 626,310
At 31 December 2022 600,000 205 34,861 635,066

The company's leasehold property was revalued in December 1997 by the directors, on an open market valuation basis. The directors are of the opinion that this open market valuation is still applicable as at 31 December 2020. The inclusion of this valuation dose not amount to the adoption of a policy of revaluation for the purposes of FRS No.15 "Tangible Fixed Assets". The company's freehold property is held for investment purposes in accordance with SSAP 19.

RONSONS LIMITED (REGISTERED NUMBER: 00326354)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 December 2023 is represented by:

Short Plant and Motor
leasehold machinery vehicles Totals
£    £    £    £   
Valuation in 1997 548,097 - - 548,097
Cost 51,903 436 44,035 96,374
600,000 436 44,035 644,471

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,208 3,208
Amount due from related
undertaking 1,272,332 1,182,332
Prepayments 3,440 3,475
1,278,980 1,189,015

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans 10,122 9,873
Trade creditors 62 -
Tax 24,158 38,082
Social security and other taxes 24,993 25,075
Due to related company 10,000 10,000
Directors' current accounts 168 168
Accrued expenses 58,758 58,828
128,261 142,026

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Other loans - 2-5 years 16,435 26,557

8. RESERVES
Revaluation
reserve
£   
At 1 January 2023
and 31 December 2023 479,298

RONSONS LIMITED (REGISTERED NUMBER: 00326354)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

9. RELATED PARTY DISCLOSURES

Mr D M Ronson is a director of Ronsons Developments Limited and Mount Stuart Square Developments Limited.

As at 31 December 2023 the company was owed £1,272,332 (2022 - £1,182,332) from Ronsons Developments Limited and owed £10,000 (2022 - £10,000) to Mount Stuart Square Developments Limited.