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REGISTERED NUMBER: 02703134 (England and Wales)















Financial Statements for the Year Ended 31 May 2024

for

Pittstop (Ripon) Limited

Pittstop (Ripon) Limited (Registered number: 02703134)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pittstop (Ripon) Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: D R G Pitt
Mrs K G Pitt





SECRETARY: Mrs K G Pitt





REGISTERED OFFICE: Eva Lett House
1 South Crescent
Ripon
North Yorkshire
HG4 1SN





REGISTERED NUMBER: 02703134 (England and Wales)





ACCOUNTANTS: Yorkshire Accountants Ripon
Eva Lett House
1 South Crescent
Ripon
North Yorkshire
HG4 1SN

Pittstop (Ripon) Limited (Registered number: 02703134)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,474,387 3,193,484
Investments 5 2,820,620 2,460,127
5,295,007 5,653,611

CURRENT ASSETS
Stocks 6 157,958 138,300
Debtors 7 - 10,088
Cash at bank 1,467,154 791,062
1,625,112 939,450
CREDITORS
Amounts falling due within one year 8 108,113 126,462
NET CURRENT ASSETS 1,516,999 812,988
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,812,006

6,466,599

PROVISIONS FOR LIABILITIES 528,913 511,600
NET ASSETS 6,283,093 5,954,999

CAPITAL AND RESERVES
Called up share capital 200,000 200,000
Retained earnings 6,083,093 5,754,999
SHAREHOLDERS' FUNDS 6,283,093 5,954,999

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Pittstop (Ripon) Limited (Registered number: 02703134)

Balance Sheet - continued
31 May 2024


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 Board of Directors and authorised for issue on 21 February 2025 and were signed on its behalf by:





D R G Pitt - Director


Pittstop (Ripon) Limited (Registered number: 02703134)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Pittstop (Ripon) 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Deferred tax
Deferred tax is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred is accounted for in respect of all material timing differences

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Pittstop (Ripon) Limited (Registered number: 02703134)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 June 2023 3,335,995 7,102 3,343,097
Additions - 999 999
Disposals (750,000 ) - (750,000 )
Revaluations 30,000 - 30,000
At 31 May 2024 2,615,995 8,101 2,624,096
DEPRECIATION
At 1 June 2023 143,150 6,463 149,613
Charge for year - 96 96
At 31 May 2024 143,150 6,559 149,709
NET BOOK VALUE
At 31 May 2024 2,472,845 1,542 2,474,387
At 31 May 2023 3,192,845 639 3,193,484

Investment properties are shown at their fair value based on annual valuations. Such valuations are undertaken by the directors.


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 June 2023 2,460,127
Additions 139,306
Disposals (46,050 )
Revaluations 267,237
At 31 May 2024 2,820,620
NET BOOK VALUE
At 31 May 2024 2,820,620
At 31 May 2023 2,460,127

Pittstop (Ripon) Limited (Registered number: 02703134)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 May 2024 is represented by:

Other
investments
£   
Valuation in 2018 499,367
Valuation in 2019 64,150
Valuation in 2020 78,508
Valuation in 2021 388,436
Valuation in 2022 (136,952 )
Valuation in 2023 (95,722 )
Valuation in 2024 267,237
Cost 1,755,596
2,820,620

6. STOCKS
2024 2023
£    £   
Car Stock 157,958 138,300

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade Debtors - 9,973
VAT - 115
- 10,088

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,049 795
Trade Creditors 23,477 24,587
Taxation 34,304 39,714
Other Taxes and PAYE 5,525 5,417
VAT 4,894 -
Directors' current accounts 29,764 47,849
Accruals and Deferred Income 8,100 8,100
108,113 126,462

9. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr DRG Pitt and Mrs KG Pitt