REGISTERED NUMBER: |
Unaudited Financial Statements |
For The Year Ended 31 December 2023 |
for |
Ripon Bathrooms and Kitchens Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
For The Year Ended 31 December 2023 |
for |
Ripon Bathrooms and Kitchens Limited |
Ripon Bathrooms and Kitchens Limited (Registered number: 05422146) |
Contents of the Financial Statements |
For The Year Ended 31 December 2023 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Ripon Bathrooms and Kitchens Limited |
Company Information |
For The Year Ended 31 December 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
6 Victoria Avenue |
Harrogate |
North Yorkshire |
HG1 1ED |
Ripon Bathrooms and Kitchens Limited (Registered number: 05422146) |
Abridged Balance Sheet |
31 December 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Other reserves |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
Ripon Bathrooms and Kitchens Limited (Registered number: 05422146) |
Abridged Balance Sheet - continued |
31 December 2023 |
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 |
Ripon Bathrooms and Kitchens Limited (Registered number: 05422146) |
Notes to the Financial Statements |
For The Year Ended 31 December 2023 |
1. | STATUTORY INFORMATION |
Ripon Bathrooms and Kitchens Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents amounts receivable on rental agreements. |
Tangible fixed assets |
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. |
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 |
Ripon Bathrooms and Kitchens Limited (Registered number: 05422146) |
Notes to the Financial Statements - continued |
For The Year Ended 31 December 2023 |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 January 2023 |
and 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
The original cost of the investment property was £153,396. The property was valued at £285,000 on 31 May 2022 by professional valuers. The directors consider that this is also the market value of the property as at 31 December 2023. |
The revaluation, net of deferred tax, is reported in other reserves. |
5. | SECURED DEBTS |
The following secured debts are included within creditors: |
2023 | 2022 |
£ | £ |
Bank loans |
The company's bank loan is secured by a legal charge over the property of the company and by a debenture. |
Ripon Bathrooms and Kitchens Limited (Registered number: 05422146) |
Notes to the Financial Statements - continued |
For The Year Ended 31 December 2023 |
6. | RECONCILIATION OF RESERVES |
Share | Retained | Other |
capital | earnings | reserves | Total |
£ | £ | £ | £ |
As at 1 January 2021 | 3 | 80,536 | 57,283 | 137,822 |
Profit for the year | - | 47,790 | - | 47,790 |
Net property revaluation | - | (41,420 | ) | 41,420 | - |
As at 31 December 2021 | 3 | 86,906 | 98,703 | 185,612 |
Profit for the year | - | 11,302 | - | 11,302 |
Dividends paid | - | (75,000 | ) | - | (75,000 | ) |
As at 31 December 2022 | 3 | 23,208 | 98,703 | 121,914 |
Profit for the year | - | 12,564 | - | 12,564 |
Dividends paid | - | - | - | - |
3 | 35,772 | 98,703 | 134,478 |