Registered number
SC210299
RobertRyan Homes Limited
Filleted Accounts
29 February 2024
RobertRyan Homes Limited
Registered number: SC210299
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 224,214 229,706
Current assets
Debtors 4 251,483 120,759
Cash at bank and in hand 3,511 8,775
254,994 129,534
Creditors: amounts falling due within one year 5 (215,751) (205,744)
Net current assets/(liabilities) 39,243 (76,210)
Total assets less current liabilities 263,457 153,496
Creditors: amounts falling due after more than one year 6 (73,909) (74,988)
Provisions for liabilities (35,406) (36,779)
Net assets 154,142 41,729
Capital and reserves
Called up share capital 2 2
Profit and loss account 154,140 41,727
Shareholders' funds 154,142 41,729
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.
RD Kirkwood
Director
Approved by the board on 11 November 2024
RobertRyan Homes Limited
Notes to the Accounts
for the year ended 29 February 2024
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 hire of plant and machinery. Turnover from the hire of plant and machinery is recognised in line with the specific period of hire.
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:
Land Not depreciated
Plant and Machinery & Motor Vehicles over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 March 2023 82,591 86,675 192,986 362,252
Additions - 32,000 - 32,000
Disposals - (7,000) - (7,000)
At 29 February 2024 82,591 111,675 192,986 387,252
Depreciation
At 1 March 2023 - 60,614 71,932 132,546
Charge for the year - 13,281 24,211 37,492
On disposals - (7,000) - (7,000)
At 29 February 2024 - 66,895 96,143 163,038
Net book value
At 29 February 2024 82,591 44,780 96,843 224,214
At 28 February 2023 82,591 26,061 121,054 229,706
4 Debtors 2024 2023
£ £
Trade debtors 20,736 -
Other debtors 230,747 120,759
251,483 120,759
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 39,480 29,880
Trade creditors 60 -
Taxation and social security costs 231 (36)
Other creditors 175,980 175,900
215,751 205,744
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 73,909 74,988
7 Controlling party
The company is under the control of the Directors, there is no overall single controlling party.
8 Other information
RobertRyan Homes Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:
Unit 6, Nobel Workshops
Nobel Business Park
Ardeer
Stevenston
KA20 3LN
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