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COMPANY REGISTRATION NUMBER: 2217681
RINGLEY DEVELOPMENTS LIMITED
Filleted Unaudited Financial Statements
15 April 2024
RINGLEY DEVELOPMENTS LIMITED
Financial Statements
Year ended 15 April 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
RINGLEY DEVELOPMENTS LIMITED
Statement of Financial Position
15 April 2024
2024
2023
Note
£
£
£
Current assets
Stocks
636,423
636,423
Debtors
4
40,806
40,806
Cash at bank and in hand
4,018
1,877
---------
---------
681,247
679,106
Creditors: amounts falling due within one year
5
58,988
54,900
---------
---------
Net current assets
622,259
624,206
---------
---------
Total assets less current liabilities
622,259
624,206
Creditors: amounts falling due after more than one year
6
29,165
34,721
---------
---------
Net assets
593,094
589,485
---------
---------
Capital and reserves
Called up share capital
2
2
Profit and loss account
593,092
589,483
---------
---------
Shareholders funds
593,094
589,485
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 15 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
RINGLEY DEVELOPMENTS LIMITED
Statement of Financial Position (continued)
15 April 2024
These financial statements were approved by the board of directors and authorised for issue on 13 January 2025 , and are signed on behalf of the board by:
Mrs B A Niman
Director
Company registration number: 2217681
RINGLEY DEVELOPMENTS LIMITED
Notes to the Financial Statements
Year ended 15 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3-5 Church Bank, Bolton, Lancashire, BL1 1HX.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price.
4. Debtors
2024
2023
£
£
Other debtors
40,806
40,806
--------
--------
5. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
5,557
5,557
Social security and other taxes
25,576
10,726
Other creditors
27,855
38,617
--------
--------
58,988
54,900
--------
--------
6. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
29,165
34,721
--------
--------
7. Related party transactions
The company was under the control of Mrs B A Niman throughout the current and previous year. At 15 April 2024 the company owed £22,072 (2023: £35,778) to its directors. No interest has been charged to the company in respect of the loan which is repayable on demand and classified within creditors.