Ripe Properties Limited 05577537 false 2024-04-01 2024-10-31 2024-10-31 The principal activity of the company is Buying And Selling Of Own Real Estate Digita Accounts Production Advanced 6.30.9574.0 true true 05577537 2024-04-01 2024-10-31 05577537 2024-10-31 05577537 bus:OrdinaryShareClass1 bus:OtherShareType 2024-10-31 05577537 core:CurrentFinancialInstruments 2024-10-31 05577537 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 05577537 core:Non-currentFinancialInstruments 2024-10-31 05577537 core:Non-currentFinancialInstruments core:AfterOneYear 2024-10-31 05577537 bus:SmallEntities 2024-04-01 2024-10-31 05577537 bus:AuditExemptWithAccountantsReport 2024-04-01 2024-10-31 05577537 bus:FilletedAccounts 2024-04-01 2024-10-31 05577537 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2024-10-31 05577537 bus:RegisteredOffice 2024-04-01 2024-10-31 05577537 bus:Director1 2024-04-01 2024-10-31 05577537 bus:OrdinaryShareClass1 bus:OtherShareType 2024-04-01 2024-10-31 05577537 bus:PrivateLimitedCompanyLtd 2024-04-01 2024-10-31 05577537 core:PlantMachinery 2024-04-01 2024-10-31 05577537 countries:EnglandWales 2024-04-01 2024-10-31 05577537 2023-04-01 2024-03-31 05577537 2024-03-31 05577537 bus:OrdinaryShareClass1 bus:OtherShareType 2024-03-31 05577537 core:CurrentFinancialInstruments 2024-03-31 05577537 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 05577537 core:Non-currentFinancialInstruments 2024-03-31 05577537 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 05577537

Ripe Properties Limited

Unaudited Filleted Financial Statements

for the Period from 1 April 2024 to 31 October 2024

 

Ripe Properties Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Ripe Properties Limited

Company Information

Director

Mr Richard Antony Peeters

Registered office

Great North Business Centre
North Place, 82 Great North Road
Hatfield
Hertfordshire
AL9 5BL

Accountants

RS Partnership Ltd
Chartered Certified Accountants
10 Prospect Place
Welwyn
Hertfordshire
AL6 9EW

 

Ripe Properties Limited

(Registration number: 05577537)
Balance Sheet as at 31 October 2024

Note

2024
£

2024
£

Current assets

 

Debtors

4

8

29,699

Cash at bank and in hand

 

-

6,585

 

8

36,284

Creditors: Amounts falling due within one year

5

(1,047)

(6,055)

Total assets less current liabilities

 

(1,039)

30,229

Creditors: Amounts falling due after more than one year

5

-

(30,293)

Net liabilities

 

(1,039)

(64)

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

(1,139)

(164)

Shareholders' deficit

 

(1,039)

(64)

For the financial period ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 15 November 2024
 

.........................................
Mr Richard Antony Peeters
Director

 

Ripe Properties Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Great North Business Centre
North Place, 82 Great North Road
Hatfield
Hertfordshire
AL9 5BL
England

These financial statements were authorised for issue by the director on 15 November 2024.

2

Accounting policies

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

These financial statements are presented in Pounds Sterling (£), which is the Company’s functional
currency. All amounts have been rounded to the nearest pound, unless otherwise indicated.

Going concern

The financial statements have been prepared on a going concern basis.

 

Ripe Properties Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 31 October 2024

Depreciation

Asset class

Depreciation method and rate

Plant and machinery

20% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 0 (2024 - 0).

 

Ripe Properties Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 31 October 2024

4

Debtors

2024
£

2024
£

Other debtors

8

29,699

8

29,699

 

Ripe Properties Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 31 October 2024

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2024
£

Due within one year

 

Bank loans and overdrafts

7

-

5,334

Accruals and deferred income

 

1,046

720

Directors Loan Account

 

1

1

 

1,047

6,055

Creditors: amounts falling due after more than one year

Note

2024
£

2024
£

Due after one year

 

Loans and borrowings

7

-

30,293

6

Share capital

Allotted, called up and fully paid shares

2024

2024

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2024
£

Bank borrowings

-

30,293

Current loans and borrowings

2024
£

2024
£

Bank borrowings

-

5,334