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REGISTERED NUMBER: 02787702 (England and Wales)


















Financial Statements

for the Year Ended 31 January 2024

for

Ryan Elizabeth (Ipswich) Limited

Ryan Elizabeth (Ipswich) Limited (Registered number: 02787702)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ryan Elizabeth (Ipswich) Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: A L Carter





REGISTERED OFFICE: Merchant House
33 Fore Street
Ipswich
Suffolk
IP4 1JL





REGISTERED NUMBER: 02787702 (England and Wales)





AUDITORS: Mudd Partners LLP
Statutory Auditors
Chartered Accountants
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ

Ryan Elizabeth (Ipswich) Limited (Registered number: 02787702)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 800,000 900,000

CREDITORS
Amounts falling due within one year 5 499,998 499,998
NET CURRENT LIABILITIES (499,998 ) (499,998 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

300,002

400,002

PROVISIONS FOR LIABILITIES 116,861 107,814
NET ASSETS 183,141 292,188

CAPITAL AND RESERVES
Called up share capital 6 2 2
Revaluation reserve 7 183,139 292,186
SHAREHOLDERS' FUNDS 183,141 292,188

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 18 July 2024 and were signed by:





A L Carter - Director


Ryan Elizabeth (Ipswich) Limited (Registered number: 02787702)

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

1. STATUTORY INFORMATION

Ryan Elizabeth (Ipswich) 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.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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 finance transaction it is measured at present value.

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 1 (2023 - 1 ) .

Ryan Elizabeth (Ipswich) Limited (Registered number: 02787702)

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

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 February 2023 900,000
Revaluations (100,000 )
At 31 January 2024 800,000
NET BOOK VALUE
At 31 January 2024 800,000
At 31 January 2023 900,000

Cost or valuation at 31 January 2024 is represented by:

Land and
buildings
£   
Valuation in 2024 800,000

If freehold properties had not been revalued they would have been included at the following historical cost:

31.1.24 31.1.23
£    £   
Cost 160,000 160,000

The freehold properties were revalued on a fair value basis as at 31 January 2024 by Countrywide, Chartered Surveyors. In the opinion of the director that value is not materially different as at the balance sheet date.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Amounts owed to group undertakings 499,998 499,998

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
2 Ordinary £1 2 2

7. RESERVES
Revaluation
reserve
£   
At 1 February 2023 292,186
Transfer (109,047 )

At 31 January 2024 183,139

Ryan Elizabeth (Ipswich) Limited (Registered number: 02787702)

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

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jeffrey Stanley FCA (Senior Statutory Auditor)
for and on behalf of Mudd Partners LLP

9. PARENT UNDERTAKING

The parent undertaking is Elizabeth Holdings Plc. The parent undertaking shares its registered office with the company.

Copies of the group accounts can be obtained at Companies House, Cardiff, CF14 3UZ.