REGISTERED NUMBER: 10970701 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

RONCO DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

P Lundy

REGISTERED OFFICE:

123 Wellington Road South

Stockport

Cheshire

SK1 3TH

REGISTERED NUMBER:

10970701 (England and Wales)

ACCOUNTANTS:

Allens Accountants Limited

Chartered Accountants

123 Wellington Road South

Stockport

Cheshire

SK1 3TH

FIXED ASSETS

Tangible assets

4

47,730

39,489

Investment property

5

6,926,047

6,926,047

6,973,777

6,965,536

CURRENT ASSETS

Debtors

6

80,125

61,028

Cash at bank

280,628

838,055

360,753

899,083

CREDITORS

Amounts falling due within one year

7

5,773,558

6,243,459

NET CURRENT LIABILITIES

(5,412,805

)

(5,344,376

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,560,972

1,621,160

PROVISIONS FOR LIABILITIES

197,732

197,732

NET ASSETS

1,363,240

1,423,428

CAPITAL AND RESERVES

Called up share capital

8

100

100

Fair value reserve

9

593,196

593,196

Retained earnings

769,944

830,132

SHAREHOLDERS' FUNDS

1,363,240

1,423,428

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4th December 2025 and were signed by:

P Lundy - Director

1.	STATUTORY INFORMATION

Ronco Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents the total amount receivable by the company for the rent of commercial properties, excluding value added tax. Income is recognised proportionally across the rental period.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 20% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2024

84,518

Additions

19,036

At 31st March 2025

103,554

DEPRECIATION

At 1st April 2024

45,029

Charge for year

10,795

At 31st March 2025

55,824

NET BOOK VALUE

At 31st March 2025

47,730

At 31st March 2024

39,489

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2024

and 31st March 2025

6,926,047

NET BOOK VALUE

At 31st March 2025

6,926,047

At 31st March 2024

6,926,047

Fair value at 31st March 2025 is represented by:

£

Valuation in 2024

790,928

Cost

6,135,119

6,926,047

The investment properties were valued on an open market basis basis on 7th November 2023 by BEHR & Co Ltd .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

47,802

48,224

Other debtors

32,323

12,804

80,125

61,028

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

20,963

54,045

Taxation and social security

28,374

96,162

Other creditors

5,724,221

6,093,252

5,773,558

6,243,459

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1.00

100

100

9.

RESERVES

Fair

value

reserve

£

At 1st April 2024

and 31st March 2025

593,196