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REGISTERED NUMBER: 08169478 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Ripe Village Stores

Ripe Village Stores (Registered number: 08169478)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Ripe Village Stores

Company Information
for the Year Ended 31 October 2024







DIRECTORS: D P M Bishop
C C Brooke
N D Eckert
J Janes
K Sibilia
K B Hopson





SECRETARY: E Hunter





REGISTERED OFFICE: Ripe Village Store and Post Office
Church Lane
Ripe
Lewes
BN8 6AS





REGISTERED NUMBER: 08169478 (England and Wales)





ACCOUNTANTS: P Redburn & Co.
9 Millers View
Much Hadham
Hertfordshire
SG10 6BN

Ripe Village Stores (Registered number: 08169478)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 12,197 8,252
12,197 8,252

CURRENT ASSETS
Stocks 35,025 28,793
Debtors 6 6,558 5,582
Prepayments and accrued income 1,395 725
Cash at bank and in hand 74,778 73,390
117,756 108,490
CREDITORS
Amounts falling due within one year 7 30,289 27,358
NET CURRENT ASSETS 87,467 81,132
TOTAL ASSETS LESS CURRENT
LIABILITIES

99,664

89,384

CREDITORS
Amounts falling due after more than one
year

8

(60,100

)

(60,230

)

PROVISIONS FOR LIABILITIES (2,317 ) (1,568 )
NET ASSETS 37,247 27,586

RESERVES
Retained earnings 37,247 27,586
37,247 27,586

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

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

Ripe Village Stores (Registered number: 08169478)

Balance Sheet - continued
31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 April 2025 and were signed on its behalf by:




J Janes - Director N D Eckert - Director




K B Hopson - Director


Ripe Village Stores (Registered number: 08169478)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Ripe Village Stores is a private company, limited by guarantee, 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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

Ripe Village Stores (Registered number: 08169478)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 6,550
AMORTISATION
At 1 November 2023
and 31 October 2024 6,550
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 52,051
Additions 10,718
Disposals (1,317 )
At 31 October 2024 61,452
DEPRECIATION
At 1 November 2023 43,799
Charge for year 5,648
Eliminated on disposal (192 )
At 31 October 2024 49,255
NET BOOK VALUE
At 31 October 2024 12,197
At 31 October 2023 8,252

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 6,530 5,582
Other debtors 28 -
6,558 5,582

Ripe Village Stores (Registered number: 08169478)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 10,974 25,256
Taxation and social security 2,468 2,102
Other creditors 16,847 -
30,289 27,358

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Creditors due after more than one year consist of Units of Membership of £60100 (2023 £60230). The Units of Membership can only be redeemed or reassigned in exceptional circumstances and is at the sole discretion of the Board of Directors. They can only be redeemed as long as there are sufficient funds and a trading loss has not been incurred. If the business were to cease trading, or fell into financial difficulty, the Units of Membership would not be redeemable.

9. RELATED PARTY DISCLOSURES

The property from which the company operates is owned by N Eckert a director of the company and during the period rent of £4200 (2023 £3850) was paid to him.

Ripe Village Stores

Report of the Accountants to the Directors of
Ripe Village Stores

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 October 2024 set out on pages three to eight and you consider that the company is exempt from an audit..

In accordance with your instructions, we have compiled these unaudited financial statements from the accounting records and information and explanations supplied to us in order to assist you to fulfil your statutory responsibilities,






P Redburn & Co.
9 Millers View
Much Hadham
Hertfordshire
SG10 6BN


9 April 2025