ACCOUNTS - Final Accounts preparation

Registered number: 02501057

RINGWOOD PROPERTIES LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

RINGWOOD PROPERTIES LIMITED

CONTENTS

	Page
Balance Sheet	1
Notes to the Financial Statements	2 - 4

RINGWOOD PROPERTIES LIMITED

REGISTERED NUMBER: 02501057

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	828,430		789,502
Creditors: amounts falling due within one year	5	(320,336)		(310,087)
Net current assets			508,094		479,415
Net assets			508,094		479,415

Capital and reserves
Called up share capital	6	100	100
Capital redemption reserve		72,320	72,320
Profit and loss account		435,674	406,995
		508,094	479,415

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

M A Morris

Director

Date: 3 December 2025

The notes on pages 2 to 4 form part of these financial statements.

Page 1

RINGWOOD PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	GENERAL INFORMATION

Ringwood Properties Limited is a private company, limited by shares, incorporated in England and Wales.The address of its registered office is 5 Miram House, 387 Cockfosters Road, Hadley Wood,Hertfordshire, EN4 0JS.

The functional and presentational currency is pounds sterling (£).

2.ACCOUNTING POLICIES

2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

GOING CONCERN

The director considers that the resources available to the Company will be sufficient for it to be able to continue as a going concern.

The financial statements do not contain any adjustments that would be required if the Company were not able to continue as a going concern.

2.3

DEBTORS

Short term debtors are measured at transaction price, less any impairment.

2.4

FINANCIAL INSTRUMENTS

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

2.5

CREDITORS

Short term creditors are measured at the transaction price.

2.6

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

2.7

TAXATION

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 2

RINGWOOD PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

EMPLOYEES

The average monthly number of employees, including director, during the year was 1 (2023 - 1).

DEBTORS

					2024	2023
					£	£


Other debtors	828,430	789,387
Prepayments and accrued income	-	115
	828,430	789,502

5.	CREDITORS: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	2,700	-
Corporation tax	15,256	8,156
Other creditors	298,800	298,800
Accruals and deferred income	2,700	2,251
Share capital treated as debt	880	880
	320,336	310,087

Page 3

RINGWOOD PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

6.	SHARE CAPITAL
		2024	2023
		£	£

Shares classified as equity Allotted, called up and fully paid

100 Ordinary shares of £1 each	100	100

					2024	2023
					£	£

Shares classified as debt Allotted, called up and fully paid
280 Redeemable preference shares of £1 each	280	280
600 Redeemable shares of £1 each	600	600
	880	880

The company has the option to redeem all or any of the redeemable preference shares at any time at an amount of £1,230 per share. The company has the option to redeem all or any of the redeemable shares at any time at an amount of £4 per share. The shareholders of both the redeemable preference shares and the redeemable shares have the option to require the company to redeem the shares at the aforementioned values, subject to them giving ninety days notice to the company.

The redeemable preference shares and redeemable shares are classed as non-equity shares because they are redeemable by the issuer for a fixed or determinable amount at a fixed or determinable future date, or gives the holder the right to require the issuer to redeem the instrument at or after a particular date for a fixed or determinable amount.

7.	RELATED PARTY TRANSACTIONS
	As at 31 December 2024 the company was owed £828,430 (2023 - £789,387) by en entity in which a director has a material interest. There are no formal terms for the loan other than interest is chargeable at the Bank of England Base Rate and interest of £39,144 (2023 - £46,688) was realised during the year.

Page 4