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Registration number: 14604377

Ronny Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2025

 

Ronny Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Ronny Ltd

(Registration number: 14604377)
Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Investment property

4

297,500

-

Current assets

 

Debtors

5

-

856

Cash at bank and in hand

 

4,182

72,222

 

4,182

73,078

Creditors: Amounts falling due within one year

6

(111,219)

(78,319)

Net current liabilities

 

(107,037)

(5,241)

Total assets less current liabilities

 

190,463

(5,241)

Creditors: Amounts falling due after more than one year

6

(144,450)

-

Provisions for liabilities

(8,822)

-

Net assets/(liabilities)

 

37,191

(5,241)

Capital and reserves

 

Called up share capital

2

2

Other reserves

65,762

-

Retained earnings

(28,573)

(5,243)

Shareholders' funds/(deficit)

 

37,191

(5,241)

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 2 May 2025 and signed on its behalf by:
 

.........................................
S T Pullen
Director

 

Ronny Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Upper Whatcombe
Frome
Somerset
BA11 3SA

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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.

Tax

The tax expense for the period comprises deferred 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Ronny Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

 

Ronny Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4

Investment properties

2025
£

Additions

216,312

Fair value adjustments

81,188

At 31 January

297,500

The valuation is by the directors as at the Balance Sheet date.

There has been no valuation of investment property by an independent valuer.

5

Debtors

2025
£

2024
£

Prepayments

-

856

-

856

6

Creditors

Amounts falling due within one year

2025
£

2024
£

Due within one year

Accruals and deferred income

2,093

900

Other creditors

109,126

77,419

111,219

78,319

Amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

7

144,450

-

7

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

144,450

-