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REGISTERED NUMBER: 11419687 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Ripponden Property Limited

Ripponden Property Limited (Registered number: 11419687)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


Ripponden Property Limited (Registered number: 11419687)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 831,169 831,169

CURRENT ASSETS
Cash at bank 3,041 3,287

CREDITORS
Amounts falling due within one year 5 260,126 263,470
NET CURRENT LIABILITIES (257,085 ) (260,183 )
TOTAL ASSETS LESS CURRENT LIABILITIES 574,084 570,986

CREDITORS
Amounts falling due after more than one year 6 528,725 528,711
NET ASSETS 45,359 42,275

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 45,259 42,175
SHAREHOLDERS' FUNDS 45,359 42,275

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

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

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 August 2024 and were signed on its behalf by:





Mr I Lees - Director


Ripponden Property Limited (Registered number: 11419687)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Ripponden Property Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11419687

Registered office: Ebenezer House
Ryecroft
Newcastle-Under-Lyme
Staffordshire
ST5 2BE

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Investment property
Investment property is shown at fair value at each accounting date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 ) .

Ripponden Property Limited (Registered number: 11419687)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 831,169
NET BOOK VALUE
At 30 November 2023 831,169
At 30 November 2022 831,169

In the opinion of the directors, the investment property reflects the fair value as at 30 November 2023.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,066 3,656
Trade creditors - 180
Taxation and social security 723 3,684
Other creditors 256,337 255,950
260,126 263,470

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 528,725 528,711

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loan 489,988 487,500

Repayable by instalments
Bank loans more 5 yr by instal 26,473 26,587

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 531,791 532,367

The bank loans are secured by a legal charge over the investment property owned by the company.