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REGISTERED NUMBER: 02615607 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

RINK MEWS DEVELOPMENT LIMITED

RINK MEWS DEVELOPMENT LIMITED (REGISTERED NUMBER: 02615607)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RINK MEWS DEVELOPMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: J L Hinton
Mrs H L Hinton





REGISTERED OFFICE: The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB





REGISTERED NUMBER: 02615607 (England and Wales)





ACCOUNTANTS: Philip Barnes & Co Limited
Chartered Accountants
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB

RINK MEWS DEVELOPMENT LIMITED (REGISTERED NUMBER: 02615607)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,796 11,046
Investment property 5 1,100,000 1,100,000
1,110,796 1,111,046

CURRENT ASSETS
Debtors 6 250,160 447,815
Cash at bank 32,483 31,986
282,643 479,801
CREDITORS
Amounts falling due within one year 7 151,716 151,298
NET CURRENT ASSETS 130,927 328,503
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,241,723

1,439,549

PROVISIONS FOR LIABILITIES 2,700 2,700
NET ASSETS 1,239,023 1,436,849

CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 9 855,952 855,952
Retained earnings 9 382,971 580,797
SHAREHOLDERS' FUNDS 1,239,023 1,436,849

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

RINK MEWS DEVELOPMENT LIMITED (REGISTERED NUMBER: 02615607)

BALANCE SHEET - continued
31 JULY 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2025 and were signed on its behalf by:





J L Hinton - Director


RINK MEWS DEVELOPMENT LIMITED (REGISTERED NUMBER: 02615607)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Rink Mews Development 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.

The significant accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES

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

RINK MEWS DEVELOPMENT LIMITED (REGISTERED NUMBER: 02615607)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 11,968 3,256 15,224
DEPRECIATION
At 1 August 2023 996 3,182 4,178
Charge for year 239 11 250
At 31 July 2024 1,235 3,193 4,428
NET BOOK VALUE
At 31 July 2024 10,733 63 10,796
At 31 July 2023 10,972 74 11,046

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 1,100,000
NET BOOK VALUE
At 31 July 2024 1,100,000
At 31 July 2023 1,100,000


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 250,160 447,815

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 18,425 22,857
Taxation and social security 33,176 28,326
Other creditors 100,115 100,115
151,716 151,298

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

RINK MEWS DEVELOPMENT LIMITED (REGISTERED NUMBER: 02615607)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 August 2023 580,797 855,952 1,436,749
Profit for the year 62,674 62,674
Dividends (260,500 ) (260,500 )
At 31 July 2024 382,971 855,952 1,238,923

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
J L Hinton and Mrs H L Hinton
Balance outstanding at start of year 260,328 -
Amounts advanced 63,070 432,150
Amounts repaid (260,675 ) (171,822 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 62,723 260,328

11. RELATED PARTY DISCLOSURES

Other related parties

Amounts due from related parties at the balance sheet date was £187,487 (2023 - £187,487).

Amounts due to related parties at the balance sheet date was £12,315 (2023 - £12,315).