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REGISTERED NUMBER: 07072938 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

RYTON BEEF LIMITED

RYTON BEEF LIMITED (REGISTERED NUMBER: 07072938)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 November 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


RYTON BEEF LIMITED

COMPANY INFORMATION
for the year ended 30 November 2023







DIRECTOR: Mrs A V Welham





REGISTERED OFFICE: 12 Alma Square
Scarborough
North Yorkshire
YO11 1JU





REGISTERED NUMBER: 07072938 (England and Wales)

RYTON BEEF LIMITED (REGISTERED NUMBER: 07072938)

STATEMENT OF FINANCIAL POSITION
30 November 2023

2023 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 177,907 194,907
Investments 5 2,342 1,720
180,249 196,627

CURRENT ASSETS
Inventories 451,330 442,203
Debtors 6 475,049 466,300
926,379 908,503
CREDITORS
Amounts falling due within one year 7 948,721 871,003
NET CURRENT (LIABILITIES)/ASSETS (22,342 ) 37,500
TOTAL ASSETS LESS CURRENT
LIABILITIES

157,907

234,127

CREDITORS
Amounts falling due after more than one year 8 (15,830 ) (44,529 )

PROVISIONS FOR LIABILITIES (16,088 ) (27,273 )
NET ASSETS 125,989 162,325

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 125,988 162,324
SHAREHOLDERS' FUNDS 125,989 162,325

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

RYTON BEEF LIMITED (REGISTERED NUMBER: 07072938)

STATEMENT OF FINANCIAL POSITION - continued
30 November 2023


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 and authorised for issue by the director and authorised for issue on 29 November 2024 and were signed by:





Mrs A V Welham - Director


RYTON BEEF LIMITED (REGISTERED NUMBER: 07072938)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 November 2023


1. STATUTORY INFORMATION

Ryton Beef 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The accounts have been prepared on a going concern basis on the strength of confirmation from the director that she will continue to provide financial support by not seeking repayment of loan accounts due until other creditors have been paid in full.

Significant judgements and estimates
In preparing the financial statements, management is required to make estimates and assumptions which affect reported income, expenses, assets, liabilities and disclosure of contingent assets and liabilities. Use of available information and application of judgement are inherent in the formation of estimates, together with past experience and expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimates.

Critical judgements in applying the company's policies
No significant judgements have had to be made by management in preparing these financial statements.

Critical accounting estimates and assumptions
The director does not consider that any other estimates and assumptions used in the preparation of these financial statements have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Revenue
Revenue represents goods and services supplied, excluding value added tax. Revenue is recognised to the extent that the company has obtained the right to consideration through its performance and is measured at the fair value of the right to consideration.

Property, plant and equipment
Items of property, plant and equipment are initially measured at cost. After initial recognition items of property, plant and equipment are measured at cost less any accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off the cost of each asset over its estimated useful life.

Freehold property- 2% on cost excluding land
Plant and machinery- 20% reducing balance
Motor vehicles- 25% reducing balance

Inventories
Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell. Biological assets and agricultural produce are valued using the cost model.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade, other accounts receivable and payable and loans to related parties.

Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Debt instruments such as loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised costs using the effective interest method.

RYTON BEEF LIMITED (REGISTERED NUMBER: 07072938)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2023


2. ACCOUNTING POLICIES - continued

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Assets acquired under finance lease agreements, including hire purchase agreements, are capitalised and the corresponding liability is included in creditors. Lease payments are apportioned between finance charges and reduction of the lease obligation using the effective interest method so as to achieve a constant rate of interest on the remaining balance of the liability. Operating lease rentals are charged against profits of the period to which they relate.

Investments
Unlisted investments are initially measured at cost. After initial recognition unlisted investments are measured at cost less any accumulated impairment losses

Comparatives
In the comparative year, other operating income in the sum of £18,797 has been reclassified as revenue to more accurately reflect the nature of the income stream.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 December 2022 100,463 135,491 30,000 265,954
Additions - 9,433 - 9,433
At 30 November 2023 100,463 144,924 30,000 275,387
DEPRECIATION
At 1 December 2022 17,100 51,447 2,500 71,047
Charge for year 1,800 17,758 6,875 26,433
At 30 November 2023 18,900 69,205 9,375 97,480
NET BOOK VALUE
At 30 November 2023 81,563 75,719 20,625 177,907
At 30 November 2022 83,363 84,044 27,500 194,907

Included in cost of land and buildings is freehold land of £ 10,463 (2022 - £ 10,463 ) which is not depreciated.

RYTON BEEF LIMITED (REGISTERED NUMBER: 07072938)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2023


4. PROPERTY, PLANT AND EQUIPMENT - continued

The net book value of property, plant and equipment includes £ 42,240 (2022 - £ 52,800 ) in respect of assets held under hire purchase contracts.

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 December 2022 1,720
Additions 622
At 30 November 2023 2,342
NET BOOK VALUE
At 30 November 2023 2,342
At 30 November 2022 1,720

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade debtors 472,690 443,206
Other debtors 2,359 23,094
475,049 466,300

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Bank loans and overdrafts 34,680 31,279
Hire purchase contracts 18,699 18,233
Trade creditors 217,228 217,041
Taxation and social security - 2,182
Other creditors 678,114 602,268
948,721 871,003

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
as restated
£    £   
Bank loans 15,830 25,830
Hire purchase contracts - 18,699
15,830 44,529

RYTON BEEF LIMITED (REGISTERED NUMBER: 07072938)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2023


9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
as restated
£    £   
Bank overdrafts 24,680 21,279
Hire purchase contracts 18,699 36,932
43,379 58,211

The bank overdraft is secured by way of a personal guarantee given by the director.

Loans with regard hire purchase agreements are secured against the underlying assets.

10. RELATED PARTY DISCLOSURES

Director's remuneration during the period was £nil (2022- £nil).