Registration number:
Ryton Park Homes Limited
for the Year Ended 30 September 2024
Ryton Park Homes Limited
(Registration number: 11941964)
Balance Sheet as at 30 September 2024
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2024 |
2023 |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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( |
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Net liabilities |
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( |
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Capital and reserves |
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Called up share capital |
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Retained earnings |
( |
( |
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Shareholders' deficit |
( |
( |
For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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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 delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.
.........................................
G Beech
Director
Ryton Park Homes Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024
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Accounting policies |
Statutory information
Ryton Park Homes Limited is a private company, limited by shares, domiciled in England and Wales, company number 11941964. The registered office is at Agility House, Rose Lane, Mansfield Woodhouse, Nottinghamshire, NG19 8BA.
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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
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. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.
Going concern
Due to the on-going support of creditors and after due consideration of all relevant factors, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.
Tax
The current income 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.
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.
Stocks
Stock is valued at the lower of cost and net realisable value.
Ryton Park Homes Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)
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Accounting policies (continued) |
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.
Financial instruments
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
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Debtors |
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2024 |
2023 |
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Amounts owed by related undertakings |
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Prepayments |
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Other debtors |
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Ryton Park Homes Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)
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Creditors |
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2024 |
2023 |
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Due within one year |
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Trade creditors |
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Amounts owed to related undertakings |
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Accruals and deferred income |
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Directors loan account |
2,192,099 |
2,207,099 |
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2024 |
2023 |
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Due after one year |
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Bank loan |
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Included in bank loans are the following amounts due after more than five years:
Bank loan after five years
Borrowings comprise an amount due to Shawbrook Bank. This is repayable in line with the terms of the loan. The loan is interest only over 10 years with interest charged on a monthly basis at 4.99% per annum. The loan is repayable on 9 March 2033.
The bank loan is secured on Ryton Park, Memorial Avenue, Worksop, Nottinghamshire, S80 2BW.
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2023 |
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Due after more than five years |
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After more than five years not by instalments |
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Related party transactions |
During the year the directors had a loan account with the company. At the balance sheet date the amount owing to the directors was £2,192,099 (2023: £2,207,099). The loan is interest free.