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REGISTERED NUMBER: 05422146 (England and Wales)












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: G R Borchard
A D Boddy
P J Gregg





SECRETARY: G R Borchard





REGISTERED OFFICE: c/o Ripon Interiors Ltd
Boroughbridge Road
Ripon
North Yorkshire
HG4 1UE





REGISTERED NUMBER: 05422146 (England and Wales)





ACCOUNTANTS: Xeinadin Bushells
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 4 285,000 285,000

CURRENT ASSETS
Debtors 4,084 4,084
Cash at bank 6,617 4,778
10,701 8,862
CREDITORS
Amounts falling due within one year 84,048 85,773
NET CURRENT LIABILITIES (73,347 ) (76,911 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

211,653

208,089

CREDITORS
Amounts falling due after more than one
year

(44,274

)

(53,274

)

PROVISIONS FOR LIABILITIES (32,901 ) (32,901 )
NET ASSETS 134,478 121,914

CAPITAL AND RESERVES
Called up share capital 3 3
Other reserves 98,703 98,703
Retained earnings 35,772 23,208
SHAREHOLDERS' FUNDS 134,478 121,914

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Ripon Bathrooms and Kitchens Limited (Registered number: 05422146)

Abridged Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 11 September 2024 and were signed on its behalf by:





G R Borchard - Director


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 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.

Turnover
Turnover represents amounts receivable on rental agreements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

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 3 (2022 - 3 ) .

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 285,000
NET BOOK VALUE
At 31 December 2023 285,000
At 31 December 2022 285,000

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 56,274 68,274



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