9 20 February 2025 false false false false false false false false false false true false false false false false false No description of principal activity 2023-06-01 Sage Accounts Production Advanced 2024 - FRS102_2024 60,000 60,000 5,418 100 520 4,998 3,871 481 4,352 646 1,547 xbrli:pure xbrli:shares iso4217:GBP 09678660 2023-06-01 2024-05-31 09678660 2024-05-31 09678660 2023-05-31 09678660 2022-06-01 2023-05-31 09678660 2023-05-31 09678660 2022-05-31 09678660 core:NetGoodwill 2023-06-01 2024-05-31 09678660 bus:Director5 2023-06-01 2024-05-31 09678660 core:NetGoodwill 2024-05-31 09678660 core:WithinOneYear 2024-05-31 09678660 core:WithinOneYear 2023-05-31 09678660 core:AfterOneYear 2024-05-31 09678660 core:AfterOneYear 2023-05-31 09678660 core:ShareCapital 2024-05-31 09678660 core:ShareCapital 2023-05-31 09678660 core:RetainedEarningsAccumulatedLosses 2024-05-31 09678660 core:RetainedEarningsAccumulatedLosses 2023-05-31 09678660 bus:Director1 2023-06-01 2024-05-31 09678660 bus:SmallEntities 2023-06-01 2024-05-31 09678660 bus:Audited 2023-06-01 2024-05-31 09678660 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 09678660 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 09678660 bus:FullAccounts 2023-06-01 2024-05-31 09678660 core:OfficeEquipment 2023-06-01 2024-05-31 09678660 core:OfficeEquipment 2023-05-31 09678660 core:OfficeEquipment 2024-05-31 09678660 bus:Director5 1 2023-06-01 2024-05-31 09678660 core:AllAssociates 2023-06-01 2024-05-31
COMPANY REGISTRATION NUMBER: 09678660
Ripe.London Limited
Filleted Financial Statements
31 May 2024
Ripe.London Limited
Financial Statements
Year ended 31 May 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
Ripe.London Limited
Statement of Financial Position
31 May 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
6
646
1,547
Current assets
Debtors
7
233,440
146,436
Cash at bank and in hand
27,999
22,469
---------
---------
261,439
168,905
Creditors: amounts falling due within one year
8
207,562
223,158
---------
---------
Net current assets/(liabilities)
53,877
( 54,253)
--------
--------
Total assets less current liabilities
54,523
( 52,706)
Creditors: amounts falling due after more than one year
9
29,371
34,966
--------
--------
Net assets/(liabilities)
25,152
( 87,672)
--------
--------
Capital and reserves
Called up share capital
204
204
Profit and loss account
24,948
( 87,876)
--------
--------
Shareholders funds/(deficit)
25,152
( 87,672)
--------
--------
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.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the board of directors and authorised for issue on 20 February 2025 , and are signed on behalf of the board by:
D A Josephs
Director
Company registration number: 09678660
Ripe.London Limited
Notes to the Financial Statements
Year ended 31 May 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 Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdom.
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.
Going concern
The financial statements have been prepared under the going concern basis which assumes the company will continue in existence for at least the 12 months following the approval of the accounts. There is a reasonable expectation that the company will be able to meet its liabilities as they fall due based on the future profitability of the business and the ongoing support from the directors and shareholders.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
25% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 9 (2023: 9 ).
5. Intangible assets
Goodwill
£
Cost
At 1 June 2023 and 31 May 2024
60,000
--------
Amortisation
At 1 June 2023 and 31 May 2024
60,000
--------
Carrying amount
At 31 May 2024
--------
At 31 May 2023
--------
6. Tangible assets
Equipment
£
Cost
At 1 June 2023
5,418
Additions
100
Disposals
( 520)
-------
At 31 May 2024
4,998
-------
Depreciation
At 1 June 2023
3,871
Charge for the year
481
-------
At 31 May 2024
4,352
-------
Carrying amount
At 31 May 2024
646
-------
At 31 May 2023
1,547
-------
7. Debtors
2024
2023
£
£
Trade debtors
147,642
129,953
Other debtors
85,798
16,483
---------
---------
233,440
146,436
---------
---------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
6,251
5,278
Trade creditors
53,952
34,217
Amounts owed to group undertakings and undertakings in which the company has a participating interest
39,000
47,796
Social security and other taxes
6,435
4,095
Other creditors
101,924
131,772
---------
---------
207,562
223,158
---------
---------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
29,371
34,966
--------
--------
10. Summary audit opinion
The auditor's report dated 20 February 2025 was unqualified .
The senior statutory auditor was Colin Reid , for and on behalf of Burgess Hodgson LLP .
11. Directors' advances, credits and guarantees
During the year, the director took advances of £1,200 (2023: £nil) and made repayments of £nil (2023: £nil). The director owed the company £1,200 (2023: £nil) at the year end.
12. Related party transactions
The company has not disclosed transactions with other companies in the same group as consolidated accounts are prepaid by the ultimate holding company, All Greens Holdings. The assets of the company are secured against a loan in a group company.
13. Controlling party
The company is a subsidiary of All Greens Wholesale Limited a company incorporated in the United Kingdom. The results of the company are consolidated in the group headed by the ultimate parent company All Greens Holdings Limited . The registered office of both All Greens Wholesale Limited and All Greens Holdings Limited is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN .