Registration number:
Connor Ryan Limited
for the Year Ended 31 July 2024
Connor Ryan Limited
(Registration number: 11461094)
Balance Sheet as at 31 July 2024
Note |
2024 |
2023 |
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Current assets |
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Debtors |
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Investments |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Retained earnings |
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Shareholders' funds |
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For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.
.........................................
N J B Smith
Director
Connor Ryan Limited
Statement of Changes in Equity for the Year Ended 31 July 2024
Share capital |
Profit and loss account |
Total |
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At 1 August 2023 |
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|
|
Profit for the year |
- |
|
|
Total comprehensive income |
- |
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At 31 July 2024 |
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Share capital |
Fair value reserve |
Profit and loss account |
Total |
|
At 1 August 2022 |
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|
( |
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Loss for the year |
- |
- |
( |
( |
Transfers |
- |
( |
|
- |
Total comprehensive income |
- |
( |
|
( |
At 31 July 2023 |
5,300,000 |
- |
436,524 |
5,736,524 |
Connor Ryan Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024
Accounting policies |
Statutory information
Connor Ryan Limited is a private company, limited by shares, domiciled in England and Wales, company number 11461094. The registered office is at Pegasus House, 463a Glossop Road, Sheffield, S10 2QD.
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Connor Ryan Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)
1 |
Accounting policies (continued) |
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Financial assets
Investments in shares are included at fair value.
Financial instruments
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Debtors |
2024 |
2023 |
|
Amounts owed by related parties |
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|
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|
The amount in debtors is due after one year.
Connor Ryan Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)
Investments |
2024 |
2023 |
|
At 1 August 2023 |
3,160,885 |
6,765,767 |
Additions |
288,917 |
24,899 |
Disposals |
(691,807) |
(3,754,092) |
Revaluation |
396,642 |
124,311 |
At 31 July 2024 |
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The historic cost of the current financial assets is £1,790,395 (2023: £2,166,900).
Creditors |
2024 |
2023 |
|
Due within one year |
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Taxation and social security |
|
- |
Accruals and deferred income |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
2024 |
2023 |
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No. |
£ |
No. |
£ |
|
|
|
100,000 |
|
100,000 |
|
|
1,300,000 |
|
1,300,000 |
|
|
1,300,000 |
|
1,300,000 |
|
|
1,300,000 |
|
1,300,000 |
|
|
1,300,000 |
|
1,300,000 |
|
|
|
|
The Ordinary A shares have attached to them full voting, dividend and capital distribution (including on a winding up) rights. They do not confer and rights of redemption.
The Ordinary B, C, D and E shares do not have any voting rights attached to them. No dividend shall be declared or distributed without the prior consent of all of the A Ordinary shareholders. No payment or return of capital shall be made without the prior consent of all of the A Ordinary shareholders. The shares do not confer any rights of redemption.