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REGISTERED NUMBER: 04361872 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

RONAN DEVELOPMENTS LIMITED

RONAN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04361872)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RONAN DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: Mark Lyndon Ronan





REGISTERED OFFICE: Upper Bagden House
Bagden Lane
Clayton West
Huddersfield
West Yorkshire
HD8 9LQ





REGISTERED NUMBER: 04361872 (England and Wales)





ACCOUNTANTS: Walter Dawson & Son
Chartered Accountants
16 Omega Business Village
Thurston Road
Northallerton
North Yorkshire
DL6 2NJ

RONAN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04361872)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 3 178,240 203,626

CURRENT ASSETS
Stocks 748,000 1,617,000
Debtors 4 379,870 546,127
Cash at bank 1,168,091 525,350
2,295,961 2,688,477
CREDITORS
Amounts falling due within one year 5 294,076 588,800
NET CURRENT ASSETS 2,001,885 2,099,677
TOTAL ASSETS LESS CURRENT LIABILITIES 2,180,125 2,303,303

PROVISIONS FOR LIABILITIES 9,632 8,880
NET ASSETS 2,170,493 2,294,423

CAPITAL AND RESERVES
Called up share capital 300,000 300,000
Profit and loss account 1,870,493 1,994,423
2,170,493 2,294,423

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

RONAN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04361872)

BALANCE SHEET - continued
30 SEPTEMBER 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 director and authorised for issue on 22 April 2025 and were signed by:





Mark Lyndon Ronan - Director


RONAN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04361872)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. 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.

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.
Leasehold Improvements - 2% on cost
Plant and machinery - 33% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 20% on reducing balance

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.

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.

INCOME RECOGNITION
Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

STOCKS
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 items.
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and
handling costs in bringing stocks to their present location and condition.

RONAN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04361872)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

3. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and Motor
Improvements machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 October 2023 89,634 59,559 116,254 273,041 538,488
Additions - - 2,283 - 2,283
At 30 September 2024 89,634 59,559 118,537 273,041 540,771
DEPRECIATION
At 1 October 2023 10,720 59,380 115,188 149,574 334,862
Charge for year 1,793 78 1,105 24,693 27,669
At 30 September 2024 12,513 59,458 116,293 174,267 362,531
NET BOOK VALUE
At 30 September 2024 77,121 101 2,244 98,774 178,240
At 30 September 2023 78,914 179 1,066 123,467 203,626

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 284,096 315,734
Amounts owed by related party 50,834 178,501
Other debtors 44,940 51,892
379,870 546,127

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 82,459 180,963
Taxation and social security 102,577 185,737
Other creditors 109,040 222,100
294,076 588,800

RONAN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04361872)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6. RELATED PARTY DISCLOSURES

Creditors falling due within one year include the following the directors' loans £307,367 (2023: £216,630).

Mr Mark Lyndon Ronan is also the director of Swift Joinery Manufacturers Limited. As at 30th September 2024 £50,834 (2023: £3,563) was owed from Swift Joinery Manufacturers Limited.

Mr Mark Lyndon Ronan is also the director of Eco Tech Homes Limited. As at 30th September 2024 £nil (2023: £173,881) was owed from Eco Tech Homes Limited.