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Registered number: 08060042
Rickerby Retreat Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
MoynanSmith
Chartered Accountants & Tax Advisers
Unit 4 Clifford Court
Cooper Way
Carlisle
Cumbria
CA3 0JG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08060042
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 955,609 870,724
955,609 870,724
CURRENT ASSETS
Stocks 17,825 18,750
Debtors 5 900 -
Cash at bank and in hand 38,183 55,624
56,908 74,374
Creditors: Amounts Falling Due Within One Year 6 (154,519 ) (116,413 )
NET CURRENT ASSETS (LIABILITIES) (97,611 ) (42,039 )
TOTAL ASSETS LESS CURRENT LIABILITIES 857,998 828,685
Creditors: Amounts Falling Due After More Than One Year 7 (785,382 ) (823,985 )
NET ASSETS 72,616 4,700
CAPITAL AND RESERVES
Called up share capital 8 6 6
Share premium account 613,994 613,994
Profit and Loss Account (541,384 ) (609,300 )
SHAREHOLDERS' FUNDS 72,616 4,700
Page 1
Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Rachel Ferguson
Director
14 February 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Rickerby Retreat Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08060042 . The registered office is Rickerby Cottage, Rickerby, Carlisle, Cumbria, CA3 9AA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The company has net current liabilities at 31 May 2024 and meets its day to day working capital requirements through loans from the director and other third parties. On the basis of this support, the director considers it appropriate to prepare the financial statements on the going concern basis.
However, should the company not have the support of its director and other third parties and therefore be unable to continue trading, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for further liabilities which might arise, and to reclassify fixed assets and long term liabilities as current assets and current liabilities.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 50 year straight line
Plant & Machinery 15% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 3 year straight line
The director considers the current net book value of leasehold property to be a reasonable estimate of the residual value.
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Comparatives
The director has considered the disclosure of certain items during the year and decided that it is appropriate to amend the comparatives where necessary. There has been no impact on profit as amendments have affected disclosures only.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 20 (2023: 21)
20 21
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 June 2023 757,767 16,689 340,082 3,241 1,117,779
Additions - 117,278 1,529 358 119,165
As at 31 May 2024 757,767 133,967 341,611 3,599 1,236,944
Depreciation
As at 1 June 2023 53,170 8,815 182,800 2,270 247,055
Provided during the period - 9,755 23,805 720 34,280
As at 31 May 2024 53,170 18,570 206,605 2,990 281,335
Net Book Value
As at 31 May 2024 704,597 115,397 135,006 609 955,609
As at 1 June 2023 704,597 7,874 157,282 971 870,724
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 900 -
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 54,203 65,641
Bank loans and overdrafts 10,246 9,994
Other taxes and social security 45,612 22,926
Other creditors 44,458 17,852
154,519 116,413
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 10,506 20,752
Other creditors 618,319 630,069
Directors loan account 156,557 173,164
785,382 823,985
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 6 6
Page 4