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REGISTERED NUMBER: 10615877 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

RANSON PROPERTY SHORT TERM LIMITED

RANSON PROPERTY SHORT TERM LIMITED (REGISTERED NUMBER: 10615877)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RANSON PROPERTY SHORT TERM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Mr B A Ranson





REGISTERED OFFICE: Unit 2.02
High Weald House
Glovers End
Bexhill on Sea
East Sussex
TN39 5ES





REGISTERED NUMBER: 10615877 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

RANSON PROPERTY SHORT TERM LIMITED (REGISTERED NUMBER: 10615877)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,325,000 1,325,000

CURRENT ASSETS
Debtors 5 66,566 78,921
Cash at bank 27 12
66,593 78,933
CREDITORS
Amounts falling due within one year 6 70,757 73,183
NET CURRENT (LIABILITIES)/ASSETS (4,164 ) 5,750
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,320,836

1,330,750

CREDITORS
Amounts falling due after more than one year 7 (1,007,733 ) (1,023,571 )

PROVISIONS FOR LIABILITIES (63,654 ) (63,654 )
NET ASSETS 249,449 243,525

CAPITAL AND RESERVES
Called up share capital 10 100 100
Special reserve 11 302,992 302,992
Retained earnings 11 (53,643 ) (59,567 )
SHAREHOLDERS' FUNDS 249,449 243,525

RANSON PROPERTY SHORT TERM LIMITED (REGISTERED NUMBER: 10615877)

BALANCE SHEET - continued
31 JANUARY 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

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.

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 21 October 2024 and were signed by:





Mr B A Ranson - Director


RANSON PROPERTY SHORT TERM LIMITED (REGISTERED NUMBER: 10615877)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Ranson Property Short Term 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.

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.

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 ) .

RANSON PROPERTY SHORT TERM LIMITED (REGISTERED NUMBER: 10615877)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


4. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 February 2023
and 31 January 2024 1,325,000
Net book value
At 31 January 2024 1,325,000
At 31 January 2023 1,325,000

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2023 1,325,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 66,566 78,921

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts (see note 8) 10,129 10,128
Trade creditors 2,706 794
Taxation and social security 2,639 2,438
Other creditors 55,283 59,823
70,757 73,183

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans (see note 8) 878,200 888,328
Other creditors 129,533 135,243
1,007,733 1,023,571

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 858,787 858,787

RANSON PROPERTY SHORT TERM LIMITED (REGISTERED NUMBER: 10615877)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


8. LOANS

An analysis of the maturity of loans is given below:

31.1.24 31.1.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,129 10,128

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,128 10,128

Amounts falling due between two and five years:
Bank loans - 2-5 years 9,285 19,413

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 858,787 858,787

9. SECURED DEBTS

The bank loans included in "Bank loans" amounting to £858,787 (2023: £858,787) are secured by way of a first charge over the company's investment properties.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary class £1 100 100

11. RESERVES

Special reserve
The special reserves comprise the balance of revaluations relating to the investment property net of deferred tax on the gain. This reserve is non-distributable.

Profit and loss account
The profit and loss account comprise the balance of profits accumulated over the life of the company. This reserve is distributable.

RANSON PROPERTY SHORT TERM LIMITED (REGISTERED NUMBER: 10615877)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


12. RELATED PARTY DISCLOSURES

Included in "Other debtors" is a loan from Ranson Property Short Term Limited to Howsmart Ltd amounting to £50 (2023 - £50). Howsmart Ltd is a company that is under the same ownership and control as Ranson Property Short Term Limited.

Included in "Other debtors" is a loan from Ranson Property Short Term Limited to Ranson Property Limited
amounting to £66,516 (2023 - £78,871). Ranson Property Limited is a company that is under the same ownership and control as Ranson Property Short Term Limited.

Included in "Other creditors" is a loan from Ranson (UK) Ltd to Ranson Property Short Term Limited amounting to £45,096 (2023 - £49,086). Ranson (UK) is a company that is under the same ownership and control as Ranson Property Short Term Limited.

Included in "Other creditors" is a loan from Saracen London Limited to Ranson Property Short Term Limited
amounting to £84,437 (2023 - £86,157). Saracen London Limited is a company that is under the same ownership and control as Ranson Property Short Term Limited.