Registered number
03849923
Ringdale Limited
Filleted Accounts
30 September 2023
Ringdale Limited
Registered number: 03849923
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 2,018,422 2,019,905
Current assets
Debtors 5 1,057,729 1,127,153
Cash at bank and in hand 80,887 106,719
1,138,616 1,233,872
Creditors: amounts falling due within one year 6 (759,811) (699,893)
Net current assets 378,805 533,979
Total assets less current liabilities 2,397,227 2,553,884
Creditors: amounts falling due after more than one year 7 (1,165,895) (1,295,532)
Net assets 1,231,332 1,258,352
Capital and reserves
Called up share capital 100 100
Fair value reserve 8 683,027 683,027
Profit and loss account 548,205 575,225
Shareholders' funds 1,231,332 1,258,352
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G D Patel
Director
Approved by the board on 22 August 2024
Ringdale Limited
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Furniture and fixtures 15% reducing balance
Computer equipment 33.33% on cost
Investment property
Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 October 2022 2,011,500 16,763 2,028,263
At 30 September 2023 2,011,500 16,763 2,028,263
Depreciation
At 1 October 2022 - 8,358 8,358
Charge for the year - 1,483 1,483
At 30 September 2023 - 9,841 9,841
Net book value
At 30 September 2023 2,011,500 6,922 2,018,422
At 30 September 2022 2,011,500 8,405 2,019,905
4 Taxation 2023 2022
£ £
Analysis of tax charge
The tax charge on profit for the year was as follows:
Current tax
UK Corporation tax 9,646 10,179
Deferred tax (282) (267)
Tax on Profit 9,364 9,912
5 Debtors 2023 2022
£ £
Other debtors 1,057,729 1,127,153
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 81,244 81,244
Corporation tax 9,646 10,179
Directors loan account 504,956 443,860
Other creditors 163,965 164,610
759,811 699,893
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 865,895 895,532
Other creditors 300,000 400,000
1,165,895 1,295,532
8 Fair value reserve 2023 2022
The provision for liability of £160,548 relates to deferred corporation tax in relation to the fair value revaluation of investment property.
£ £
At 1 October 2022 683,027 683,027
At 30 September 2023 683,027 683,027
9 Related party transactions
As at the year end, £444,956 (2022: £443,860) was due to the directors of the company. The loan is interest free and there are no set terms for repayment of this balance.

During the year dividends of £60,000 (2022: £50,000) were paid out to the directors of the company.

Included in other debtors is £1,052,827 (2022: £1,121,261) due from Moor Park Developments Ltd. The companies are related party by virtue of common directors. The loan is interest free and repayable on demand.

As at the year end, £300,000 (2022: £400,000) was due to the directors of the company which is considered to be payable after a period not less than one year. The loan is interest free.
10 Other information
Ringdale Limited is a private company limited by shares and incorporated in England. Its registered office is:
Westfield
Chauntree Road
Maidenhead
Berkshire
SL6 1TS
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