REGISTERED NUMBER: |
Ringwood Timber Limited |
Unaudited Financial Statements |
for the Year Ended 31 March 2024 |
REGISTERED NUMBER: |
Ringwood Timber Limited |
Unaudited Financial Statements |
for the Year Ended 31 March 2024 |
Ringwood Timber Limited (Registered number: 13209856) |
Contents of the Financial Statements |
for the Year Ended 31 March 2024 |
Page |
Company information | 1 |
Balance sheet | 2 |
Notes to the financial statements | 4 |
Ringwood Timber Limited |
Company Information |
for the Year Ended 31 March 2024 |
Director: |
Registered office: |
Registered number: |
Accountants: |
Chartered Accountants |
Mynshull House |
78 Churchgate |
Stockport |
Cheshire |
SK1 1YJ |
Ringwood Timber Limited (Registered number: 13209856) |
Balance Sheet |
31 March 2024 |
31.3.24 | 31.3.23 |
Notes | £ | £ |
Fixed assets |
Investment property | 4 |
Current assets |
Debtors | 5 |
Cash at bank |
Creditors |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
Net assets |
Capital and reserves |
Called up share capital |
Retained earnings |
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. |
Ringwood Timber Limited (Registered number: 13209856) |
Balance Sheet - continued |
31 March 2024 |
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 |
Ringwood Timber Limited (Registered number: 13209856) |
Notes to the Financial Statements |
for the Year Ended 31 March 2024 |
1. | Statutory information |
Ringwood Timber Limited is a |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Investment property |
Investment property is shown at most recent valuation. 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 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. |
Going concern |
The company meets its day to day requirements through a loan from the director. The director has confirmed that repayment of the loan will not be made until sufficient funds are available. The financial statements have therefore been prepared on a going concern basis and do not contain any adjustments that might have been necessary if the loan were not to continue at an appropriate level. |
3. | Employees and directors |
The average number of employees during the year was |
Ringwood Timber Limited (Registered number: 13209856) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2024 |
4. | Investment property |
Total |
£ |
Fair value |
At 1 April 2023 |
and 31 March 2024 |
Net book value |
At 31 March 2024 |
At 31 March 2023 |
5. | Debtors: amounts falling due within one year |
31.3.24 | 31.3.23 |
£ | £ |
Other debtors |
6. | Creditors: amounts falling due within one year |
31.3.24 | 31.3.23 |
£ | £ |
Taxation and social security |
Other creditors |
7. | Creditors: amounts falling due after more than one year |
31.3.24 | 31.3.23 |
£ | £ |
Other creditors |
8. | Related party disclosures |
Mr P K Booth is a director and shareholder of Firwood Timber & Plywood Co. Limited. |
A loan of £885,000 (2023 £1,095,000) was outstanding to Firwood Timber & Plywood Co. Limited at the year end and interest amounting to £49,062 (2023 £58,688) was incurred on the loan during the year, at normal commercial terms. |
Other expenses were paid on the company's behalf by Firwood Timber & Plywood Co. Limited during the year and the total amount owing by the company at the balance sheet date was £1,269,962 (2003 £1,353,841). |
Mr P K Booth is a director and shareholder of Firwood Properties (North West) Limited. |
At balance sheet date, a loan amounting to £90,000 (2023 £90,000) is repayable to Firwood Properties (North West) Limited. The loan is unsecured, interest free and repayable on demand. |