Ripley Chat Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: NI652515

Ripley Chat Ltd

Filleted Unaudited Financial Statements

31 March 2025

Ripley Chat Ltd

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Current assets

Debtors	5	8,179	11,642
Cash at bank and in hand		80,533	67,293
		--------	--------
		88,712	78,935

Creditors: amounts falling due within one year	6	29,350	18,581
		--------	--------
Net current assets		59,362	60,354
		--------	--------
Total assets less current liabilities		59,362	60,354
		--------	--------
Net assets		59,362	60,354
		--------	--------

Capital and reserves

Called up share capital	7	2	2
Profit and loss account		59,360	60,352
		--------	--------
Shareholders funds		59,362	60,354
		--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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

Director's responsibilities:

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

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

These financial statements were approved by the board of directors and authorised for issue on 10 December 2025 , and are signed on behalf of the board by:

Ms C R Hetherington
Director

Company registration number: NI652515

Ripley Chat Ltd

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 14 Lower Crescent, Belfast, BT7 1NR, Northern Ireland.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

4. Tax on (loss)/profit

Major components of tax expense

	2025	2024
	£	£

Current tax:

Adjustments in respect of prior periods	–	270
	----	----
Tax on (loss)/profit	–	270
	----	----

Reconciliation of tax expense

The tax assessed on the (loss)/profit on ordinary activities for the year is higher than (2024: lower than) the standard rate of corporation tax in the UK of 19 % (2024: 19 %).

	2025	2024
	£	£
(Loss)/profit on ordinary activities before taxation	( 992)	10,392
	----	--------
(Loss)/profit on ordinary activities by rate of tax	( 188)	1,975
Adjustment to tax charge in respect of prior periods	–	270
Effect of expenses not deductible for tax purposes	285	–
Utilisation of tax losses	( 97)	( 1,975)
	----	--------
Tax on (loss)/profit	–	270
	----	--------

5. Debtors

	2025	2024
	£	£
Trade debtors	6,377	10,642
Amounts owed by group undertakings and undertakings in which the company has a participating interest	1,000	1,000
Other debtors	802	–
	-------	--------
	8,179	11,642
	-------	--------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	5,100	9,360
Amounts owed to group undertakings and undertakings in which the company has a participating interest	20,000	6,500
Social security and other taxes	–	721
Other creditors	4,250	2,000
	--------	--------
	29,350	18,581
	--------	--------

7. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	2	2	2	2
	----	----	----	----

8. Controlling party

The company is under the control of Ulidia Investments Limited, being the sole shareholder in the company.