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Company Registration No. 12251445 (England and Wales)
The Ragan Investment Company Limited Unaudited accounts for the year ended 31 March 2024
The Ragan Investment Company Limited Unaudited accounts Contents
Page
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The Ragan Investment Company Limited Company Information for the year ended 31 March 2024
Directors
Paul Ragan Sarah Bethan Ragan
Company Number
12251445 (England and Wales)
Registered Office
Unit 3, Centre Court Treforest Industrial Estate Pontypridd CF37 5YR
Accountants
R H Jeffs & Rowe Ltd 27-28 Gelliwastad Road Pontypridd CF37 2BW
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The Ragan Investment Company Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
1 
1 
Tangible assets
291,924 
69,495 
Investments
1,707,169 
1,391,241 
1,999,094 
1,460,737 
Current assets
Debtors
4,402,505 
4,770,269 
Cash at bank and in hand
43,778 
31,480 
4,446,283 
4,801,749 
Creditors: amounts falling due within one year
(407,781)
(182,472)
Net current assets
4,038,502 
4,619,277 
Total assets less current liabilities
6,037,596 
6,080,014 
Creditors: amounts falling due after more than one year
(5,532,024)
(5,691,053)
Net assets
505,572 
388,961 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
505,472 
388,861 
Shareholders' funds
505,572 
388,961 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 November 2024 and were signed on its behalf by
Paul Ragan Director Company Registration No. 12251445
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The Ragan Investment Company Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
The Ragan Investment Company Limited is a private company, limited by shares, registered in England and Wales, registration number 12251445. The registered office is Unit 3, Centre Court, Treforest Industrial Estate, Pontypridd, CF37 5YR .
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
12.5% Straight Line
Fixtures & fittings
20% Straight Line
Investments
Investments in shares are included at fair value.
Foreign exchange
Transactions, and monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
1 
At 31 March 2024
1 
Amortisation
At 1 April 2023
- 
At 31 March 2024
- 
Net book value
At 31 March 2024
1 
At 31 March 2023
1 
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The Ragan Investment Company Limited Notes to the Accounts for the year ended 31 March 2024
5
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
73,153 
8,062 
81,215 
Additions
321,415 
- 
321,415 
Disposals
(73,153)
- 
(73,153)
At 31 March 2024
321,415 
8,062 
329,477 
Depreciation
At 1 April 2023
9,144 
2,576 
11,720 
Charge for the year
40,339 
1,496 
41,835 
On disposals
(16,002)
- 
(16,002)
At 31 March 2024
33,481 
4,072 
37,553 
Net book value
At 31 March 2024
287,934 
3,990 
291,924 
At 31 March 2023
64,009 
5,486 
69,495 
6
Investments
Other investments 
£ 
Valuation at 1 April 2023
1,391,241 
Additions
315,928 
Valuation at 31 March 2024
1,707,169 
The company holds an interest in the ordinary share capital of the following companies: SCS Wales Ltd - 50% Veezu Holdings Ltd - 2.5% UPVC (Electrical & Plumbing) Ltd - 95% The companies are all registered in England & Wales
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,900 
- 
Other debtors
4,400,605 
4,510,957 
4,402,505 
4,510,957 
Amounts falling due after more than one year
- 
259,312 
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The Ragan Investment Company Limited Notes to the Accounts for the year ended 31 March 2024
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
10,496 
Obligations under finance leases and hire purchase contracts
270,642 
- 
Trade creditors
20,348 
63,985 
Taxes and social security
43,847 
98,957 
Other creditors
72,944 
651 
Accruals
- 
8,383 
407,781 
182,472 
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
95,382 
- 
Other creditors
- 
25,000 
Loans from directors
5,436,642 
5,666,053 
5,532,024 
5,691,053 
10
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
50 Ordinary A shares of £1 each
50 
50 
50 Ordinary B shares of £1 each
50 
50 
100 
100 
11
Transactions with related parties
Other debtors comprise balances due from related companies.
12
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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