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REGISTERED NUMBER: 13153516 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Ritchie-Bland Energy (Number 2) Ltd

Ritchie-Bland Energy (Number 2) Ltd (Registered number: 13153516)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ritchie-Bland Energy (Number 2) Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J T Ritchie-Bland
J D Simpson





SECRETARY: J T Ritchie-Bland





REGISTERED OFFICE: 3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX





REGISTERED NUMBER: 13153516 (England and Wales)





ACCOUNTANTS: Anderson Barrowcliff Limited
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

Ritchie-Bland Energy (Number 2) Ltd (Registered number: 13153516)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2,979,356 4,076,265

CURRENT ASSETS
Debtors 5 1,097,639 692,519

CREDITORS
Amounts falling due within one year 6 3,583,187 1,100,605
NET CURRENT LIABILITIES (2,485,548 ) (408,086 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

493,808

3,668,179

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 493,708 3,668,079
SHAREHOLDERS' FUNDS 493,808 3,668,179

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2024 and were signed on its behalf by:





J D Simpson - Director


Ritchie-Bland Energy (Number 2) Ltd (Registered number: 13153516)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Ritchie-Bland Energy (Number 2) Ltd 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Investments in associated companies
Investments in associated companies are recognised at cost less any subsequent impairment.

Listed Investments
Investments are recognised initially at cost and subsequently measured at fair value through profit and loss. Any unrealised gains and losses are held in an un-distributable reserve.

Ritchie-Bland Energy (Number 2) Ltd (Registered number: 13153516)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at present value.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 4,076,265
Additions 1,169,322
Disposals (118,428 )
Revaluations (2,147,803 )
At 31 March 2024 2,979,356
NET BOOK VALUE
At 31 March 2024 2,979,356
At 31 March 2023 4,076,265

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 2023 (67,391 )
Valuation in 2024 (2,147,803 )
Cost 5,194,550
2,979,356

Ritchie-Bland Energy (Number 2) Ltd (Registered number: 13153516)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 15,000 -
Other debtors 1,082,639 692,519
1,097,639 692,519

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 3,583,187 1,099,405
Other creditors - 1,200
3,583,187 1,100,605

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary A 1 100 100