BrightAccountsProduction v1.0.0 v1.0.0 2024-01-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company during the year was to carry on the business of operating a convenience store. 16 September 2025 0 0 NI604541 2024-12-31 NI604541 2023-12-31 NI604541 2022-12-31 NI604541 2024-01-01 2024-12-31 NI604541 2023-01-01 2023-12-31 NI604541 uk-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 NI604541 uk-curr:PoundSterling 2024-01-01 2024-12-31 NI604541 uk-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 NI604541 uk-bus:FullAccounts 2024-01-01 2024-12-31 NI604541 uk-core:ShareCapital 2024-12-31 NI604541 uk-core:ShareCapital 2023-12-31 NI604541 uk-core:RetainedEarningsAccumulatedLosses 2024-12-31 NI604541 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 NI604541 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-12-31 NI604541 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-12-31 NI604541 uk-bus:FRS102 2024-01-01 2024-12-31 NI604541 uk-core:Goodwill 2024-01-01 2024-12-31 NI604541 uk-core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 NI604541 uk-core:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 NI604541 uk-core:Goodwill 2023-12-31 NI604541 uk-core:Goodwill 2024-12-31 NI604541 uk-core:CurrentFinancialInstruments 2024-12-31 NI604541 uk-core:CurrentFinancialInstruments 2023-12-31 NI604541 uk-core:WithinOneYear 2024-12-31 NI604541 uk-core:WithinOneYear 2023-12-31 NI604541 uk-core:WithinOneYear 2024-12-31 NI604541 uk-core:WithinOneYear 2023-12-31 NI604541 uk-core:AfterOneYear 2024-12-31 NI604541 uk-core:AfterOneYear 2023-12-31 NI604541 uk-core:BetweenOneTwoYears 2024-12-31 NI604541 uk-core:BetweenOneTwoYears 2023-12-31 NI604541 2024-01-01 2024-12-31 NI604541 uk-bus:CompanySecretaryDirector1 2024-01-01 2024-12-31 NI604541 uk-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 xbrli:pure iso4217:GBP xbrli:shares

Company Registration Number: NI604541

Ranfern Limited

Unaudited Financial Statements

for the financial year ended 31 December 2024

Ranfern Limited

Company Registration Number: NI604541

BALANCE SHEET

as at 31 December 2024

|  |  | 2024 |  | 2023
|  | Notes | £ |  | £
Fixed Assets

Intangible assets |  | 5 | 387,500 |  | 437,500
Tangible assets |  | 6 | 341,437 |  | 351,387
|  |  | ───────── |  | ─────────
Fixed Assets |  |  | 728,937 |  | 788,887
|  |  | ───────── |  | ─────────
Current Assets

Stocks |  | 7 | 232,019 |  | 257,672
Debtors |  | 8 | 107,294 |  | 116,483
Cash and cash equivalents |  |  | 161,761 |  | 220,244
|  |  | ───────── |  | ─────────
|  |  | 501,074 |  | 594,399
|  |  | ───────── |  | ─────────
Creditors: amounts falling due within one year |  | 9 | (837,943) |  | (788,129)
|  |  | ───────── |  | ─────────
Net Current Liabilities |  |  | (336,869) |  | (193,730)
|  |  | ───────── |  | ─────────
Total Assets less Current Liabilities |  |  | 392,068 |  | 595,157
Creditors:

amounts falling due after more than one year |  | 10 | (9,008) |  | (138,152)
Deferred Income |  | 11 | (107,500) |  | (137,500)
|  |  | ───────── |  | ─────────
Net Assets |  |  | 275,560 |  | 319,505
|  |  | ═════════ |  | ═════════
Capital and Reserves

Called up share capital |  |  | 100 |  | 100
Retained earnings |  |  | 275,460 |  | 319,405
|  |  | ───────── |  | ─────────
Equity attributable to owners of the company |  |  | 275,560 |  | 319,505
|  |  | ═════════ |  | ═════════
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Directors' Report.

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Board and authorised for issue on 16 September 2025 and signed on its behalf by

________________________________ |  |  |  |  |
David Martin |  |  |  |  |
Director |  |  |  |  |

Ranfern Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 December 2024

1. | General Information
| Ranfern Limited is a company limited by shares incorporated in Northern Ireland. registration number NI604541.The registered office is c/o Centra Holywood, 101-103 High Street, Holywood, Co.Down BT18 9AG.

2. | Summary of Significant Accounting Policies
| The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
| Statement of compliance
| The financial statements of the company for the year ended 31 December 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
| Basis of preparation
| The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
| Turnover
| Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and revenue can be measured reliably. Revenue from the sale of goods is recognised when all the following conditions are satisfied: - the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; - the amount of revenue can be measured reliably; - it is probable that the economic benefits associated with the transaction will flow to the Company; and - the costs incurred or to be incurred in respect of the transition can be measured reliably.
| Goodwill
| Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Balance Sheet and amortised on a straight line basis over its economic useful life of 10 years, which is estimated to be the period during which benefits are expected to arise. On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.
| Tangible assets and depreciation
| Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
|  | Fixtures, fittings and equipment | - | 10% StraightLine
|  | Computer Equipment | - | 20% Reducing Balance
| The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
| Stocks
| Stocks are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
| Trade and other debtors
| Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
| Trade and other creditors
| Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
| Taxation
| Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
| Deferred Income
| Capital grants received and receivable are treated as deferred income and amortised to the Profit and Loss Account annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Profit and Loss Account when received.

3. | Going concern
| The directors of Ranfern Limited believe that the company has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least a period of 12 months from the date of approval of the financial statements. Accordingly, Ranfern Limited continues to adopt the going concern basis in preparation of its financial statements.

4. | Employees
| The average monthly number of employees, including directors, during the financial year was 74, (2023 65).

5. | Intangible assets
|  | Goodwill | Total
|  | £ | £
| Cost
| At 1 January 2024 | 500,000 | 500,000
|  | ───────── | ─────────
| At 31 December 2024 | 500,000 | 500,000
|  | ───────── | ─────────
| Amortisation
| At 1 January 2024 | 62,500 | 62,500
| Charge for financial year | 50,000 | 50,000
|  | ───────── | ─────────
| At 31 December 2024 | 112,500 | 112,500
|  | ───────── | ─────────
| Net book value
| At 31 December 2024 | 387,500 | 387,500
|  | ═════════ | ═════════
| At 31 December 2023 | 437,500 | 437,500
|  | ═════════ | ═════════

6. | Tangible assets
|  | Fixtures, | Computer Equipment | Total
|  | fittings and |  |
|  | equipment |  |
|  | £ | £ | £
| Cost
| At 1 January 2024 | 871,818 | 14,683 | 886,501
| Additions | 69,510 | 2,651 | 72,161
|  | ───────── | ───────── | ─────────
| At 31 December 2024 | 941,328 | 17,334 | 958,662
|  | ───────── | ───────── | ─────────
| Depreciation
| At 1 January 2024 | 527,694 | 7,420 | 535,114
| Charge for the financial year | 80,193 | 1,918 | 82,111
|  | ───────── | ───────── | ─────────
| At 31 December 2024 | 607,887 | 9,338 | 617,225
|  | ───────── | ───────── | ─────────
| Net book value
| At 31 December 2024 | 333,441 | 7,996 | 341,437
|  | ═════════ | ═════════ | ═════════
| At 31 December 2023 | 344,124 | 7,263 | 351,387
|  | ═════════ | ═════════ | ═════════

7. | Stocks | 2024 | 2023
|  | £ | £
| Finished goods and goods for resale | 232,019 | 257,672
|  | ═════════ | ═════════

8. | Debtors | 2024 | 2023
|  | £ | £
| Trade debtors | 778 | -
| Amounts owed by related parties | 67,559 | 85,469
| Other debtors | 8,834 | 1,791
| Prepayments and accrued income | 30,123 | 29,223
|  | ───────── | ─────────
|  | 107,294 | 116,483
|  | ═════════ | ═════════

9. | Creditors | 2024 | 2023
| Amounts falling due within one year | £ | £
| Bank loan | 16,910 | 26,680
| Trade creditors | 537,940 | 453,136
| Taxation | 115,359 | 121,191
| Directors' current accounts | 7,599 | 3,312
| Other creditors | 24,457 | 20,522
| Accruals | 135,678 | 163,288
|  | ───────── | ─────────
|  | 837,943 | 788,129
|  | ═════════ | ═════════
| Musgrave Retail Partners NI Limited have secured the assets of Ranfern Ltd by way of both a fixed charge and debenture. The banks loans are secured by way of both a fixed and floating charge.

10. | Creditors | 2024 | 2023
| Amounts falling due after more than one year | £ | £
| Bank loan | 9,008 | 27,039
| Other Creditors | - | 111,113
|  | ───────── | ─────────
|  | 9,008 | 138,152
|  | ═════════ | ═════════
| Loans
| Repayable in one year or less, or on demand (Note 9) | 16,910 | 26,680
| Repayable between one and two years | 9,008 | 27,039
|  | ───────── | ─────────
|  | 25,918 | 53,719
|  | ═════════ | ═════════

11. | GRANTS | 2024 | 2023
|  | £ | £
| Capital grants received and receivable
| At 1 January 2024 | 137,500 | 167,500
| Written off | (30,000) | (30,000)
|  | ───────── | ─────────
| At 31 December 2024 | 107,500 | 137,500
|  | ═════════ | ═════════

12. | Post-Balance Sheet Events
| There have been no significant events affecting the company since the financial year-end.

13. | Share Capital
| Alloted, called up and fully paid
|  | 2024 | 2023
|  | £ | £
| Ordinary Shares | 100 | 100
|  | ═════════ | ═════════