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REGISTERED NUMBER: 01558666 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 April 2024

for

RONSONS DEVELOPMENTS LIMITED

RONSONS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01558666)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RONSONS DEVELOPMENTS LIMITED

Company Information
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: D M Ronson



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



REGISTERED NUMBER: 01558666 (England and Wales)



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



BANKERS: Handelsbanken
18 Park Place
Cardiff
CF10 3DQ



SOLICITORS: Acuity Legal Limited
3 Assembly Square
Britannia Quay
Cardiff Bay
Cardiff
CF10 4PL

RONSONS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01558666)

Balance Sheet
30 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 759,949 761,149
Investments 5 200 200
760,149 761,349

CURRENT ASSETS
Debtors 6 839,081 703,689
Cash at bank 7,398 9,993
846,479 713,682
CREDITORS
Amounts falling due within one year 7 (1,369,564 ) (1,270,668 )
NET CURRENT LIABILITIES (523,085 ) (556,986 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

237,064

204,363

CREDITORS
Amounts falling due after more than
one year

8

(6,632

)

(11,837

)
NET ASSETS 230,432 192,526

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 230,332 192,426
SHAREHOLDERS' FUNDS 230,432 192,526

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

RONSONS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01558666)

Balance Sheet - continued
30 APRIL 2024


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 29 July 2024 and were signed by:





D M Ronson - Director


RONSONS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01558666)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Ronsons Developments 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.

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 - 10% on cost
Fixtures and fittings - 20% on reducing balance

Investment properties are revalued annually by the director in accordance with SSAP 19 and the aggregate surplus or deficit where applicable is transferred to the investment revaluation reserve. No depreciation is provided in respect of investment properties; this constitutes a departure from the statutory rules requiring fixed assets to be depreciated over their economic useful lives and is necessary to enable the financial statements to give a true and fair view. Depreciation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.


Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01558666)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to Plant and and
property property machinery fittings Totals
£    £    £    £    £   
COST
At 1 May 2023
and 30 April 2024 480,064 275,086 2,519 158,709 916,378
DEPRECIATION
At 1 May 2023 - - 2,519 152,710 155,229
Charge for year - - - 1,200 1,200
At 30 April 2024 - - 2,519 153,910 156,429
NET BOOK VALUE
At 30 April 2024 480,064 275,086 - 4,799 759,949
At 30 April 2023 480,064 275,086 - 5,999 761,149

RONSONS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01558666)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 200
NET BOOK VALUE
At 30 April 2024 200
At 30 April 2023 200

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Ronsons Rentals Limited
Registered office:
Nature of business:
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 350,151 157,946
Profit for the year 267,205 255,438

Mount Stuart Square Developments Limited
Registered office:
Nature of business:
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 145,525 404,348
Loss for the year (258,823 ) (137,904 )

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,379 -
Other debtors 30,720 25,395
Due from group undertakings 802,911 676,074
Prepayments 3,071 2,220
839,081 703,689

RONSONS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01558666)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,205 5,077
Trade creditors 1,436 2,063
Social security and other taxes 1,597 2,500
Amount due to related undertaking 1,356,028 1,256,028
Accrued expenses 5,298 5,000
1,369,564 1,270,668

The director's loan account is interest free and repayable on demand.


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 5,337 5,205
Bank loans - 2-5 years 1,295 6,632
6,632 11,837

9. RESERVES
Retained
earnings
£   

At 1 May 2023 192,426
Profit for the year 109,666
Dividends (71,760 )
At 30 April 2024 230,332

10. RELATED PARTY DISCLOSURES

Mr D.M. Ronson is a director of Ronsons Limited. At the year end, Ronsons Developments Limited owes Ronsons Limited £1,356,028 (2023 - £1,256,028) . No interest is charged on the loan.

Ronsons Developments Limited owns 100% of the equity in both Ronsons Rentals Limited and Mount Stuart Square Developments Limited.

At the year end, Ronsons Developments Limited was owed £274,942 (2023 - £217,942) from Ronsons Rentals Limited and £527,969 (2023 - £458,132) from Mount Stuart Square Developments Limited.

As at 30th April 2024 Ronsons Rentals Limited paid a dividend of £75,000 (2023 - £110,000) each up to Ronsons Developments Limited.

RONSONS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01558666)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

11. ULTIMATE CONTROLLING PARTY

Mr D.M. Ronson and Mr J. Ronson are joint ultimate controlling parties by virtue of each owning 30.5% of the equity.