Silverfin false false 31/10/2024 01/11/2023 31/10/2024 Mr A P Rippon 10/05/1991 Mrs J L Rippon 28/03/2001 08 March 2025 The principal activity of the Company during the financial year was that of letting and operating of own or leased real estate. 00858670 2024-10-31 00858670 bus:Director1 2024-10-31 00858670 bus:Director2 2024-10-31 00858670 2023-10-31 00858670 core:CurrentFinancialInstruments 2024-10-31 00858670 core:CurrentFinancialInstruments 2023-10-31 00858670 core:ShareCapital 2024-10-31 00858670 core:ShareCapital 2023-10-31 00858670 core:RevaluationReserve 2024-10-31 00858670 core:RevaluationReserve 2023-10-31 00858670 core:CapitalRedemptionReserve 2024-10-31 00858670 core:CapitalRedemptionReserve 2023-10-31 00858670 core:RetainedEarningsAccumulatedLosses 2024-10-31 00858670 core:RetainedEarningsAccumulatedLosses 2023-10-31 00858670 core:LandBuildings 2023-10-31 00858670 core:PlantMachinery 2023-10-31 00858670 core:Vehicles 2023-10-31 00858670 core:LandBuildings 2024-10-31 00858670 core:PlantMachinery 2024-10-31 00858670 core:Vehicles 2024-10-31 00858670 core:CostValuation 2023-10-31 00858670 core:DisposalsRepaymentsInvestments 2024-10-31 00858670 core:RevaluationsIncreaseDecreaseInInvestments 2024-10-31 00858670 core:CostValuation 2024-10-31 00858670 bus:OrdinaryShareClass1 2024-10-31 00858670 2023-11-01 2024-10-31 00858670 bus:FilletedAccounts 2023-11-01 2024-10-31 00858670 bus:SmallEntities 2023-11-01 2024-10-31 00858670 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 00858670 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 00858670 bus:Director1 2023-11-01 2024-10-31 00858670 bus:Director2 2023-11-01 2024-10-31 00858670 core:PlantMachinery 2023-11-01 2024-10-31 00858670 core:Vehicles 2023-11-01 2024-10-31 00858670 2022-11-01 2023-10-31 00858670 core:LandBuildings 2023-11-01 2024-10-31 00858670 bus:OrdinaryShareClass1 2023-11-01 2024-10-31 00858670 bus:OrdinaryShareClass1 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 00858670 (England and Wales)

RIPPONS BAKERY LIMITED

Unaudited Financial Statements
For the financial year ended 31 October 2024
Pages for filing with the registrar

RIPPONS BAKERY LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2024

Contents

RIPPONS BAKERY LIMITED

BALANCE SHEET

As at 31 October 2024
RIPPONS BAKERY LIMITED

BALANCE SHEET (continued)

As at 31 October 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 276,457 276,503
Investments 4 21,517 37,401
297,974 313,904
Current assets
Debtors 5 604 650
Cash at bank and in hand 12,407 1,426
13,011 2,076
Creditors: amounts falling due within one year 6 ( 2,560) ( 2,035)
Net current assets 10,451 41
Total assets less current liabilities 308,425 313,945
Provision for liabilities 0 ( 139)
Net assets 308,425 313,806
Capital and reserves
Called-up share capital 7 2,916 2,916
Revaluation reserve 242,932 242,932
Capital redemption reserve 4,084 4,084
Profit and loss account 58,493 63,874
Total shareholders' funds 308,425 313,806

For the financial year ending 31 October 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Rippons Bakery Limited (registered number: 00858670) were approved and authorised for issue by the Board of Directors on 08 March 2025. They were signed on its behalf by:

Mr A P Rippon
Director
RIPPONS BAKERY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
RIPPONS BAKERY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Rippons Bakery Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Jean-Al-Lor Hicks Mill, Bissoe, Truro, TR4 8RB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the rental income and in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated
Plant and machinery 10 % reducing balance
Vehicles 10 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Profit and loss reserves

The profit and loss reserves include £40,491 (2023 - £36,066) which are non - distributable.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Land and buildings Plant and machinery Vehicles Total
£ £ £ £
Cost
At 01 November 2023 275,000 3,188 19,495 297,683
Additions 0 150 0 150
At 31 October 2024 275,000 3,338 19,495 297,833
Accumulated depreciation
At 01 November 2023 0 1,923 19,257 21,180
Charge for the financial year 0 137 59 196
At 31 October 2024 0 2,060 19,316 21,376
Net book value
At 31 October 2024 275,000 1,278 179 276,457
At 31 October 2023 275,000 1,265 238 276,503

The land and buildings have an original net book value of £32,068.

4. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 November 2023 37,401 37,401
Disposals ( 20,309) ( 20,309)
Movement in fair value 4,425 4,425
At 31 October 2024 21,517 21,517
Carrying value at 31 October 2024 21,517 21,517
Carrying value at 31 October 2023 37,401 37,401

5. Debtors

2024 2023
£ £
Other debtors 604 650

6. Creditors: amounts falling due within one year

2024 2023
£ £
Other taxation and social security 10 32
Other creditors 2,550 2,003
2,560 2,035

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
2,916 Ordinary shares of £ 1.00 each 2,916 2,916

8. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
A P D C Rippon - Interest free loan 420 420

In 2023, A Rippon had a £NIL opening balance. During the year advances of £420 were made , resulting in the closing balance of £420.
In 2024, A Rippon had a £420 opening balance. During the year repayments of £500 were made and advances of £500 were made, resulting in the closing balance of £420.