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Registration number: 01648796

Ripple Developments Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2025

Ripple Developments Limited

Contents

Company Information | 1
Accountants' Report | 2
Balance Sheet | 3
Notes to the Unaudited Financial Statements | 4 to 8

Ripple Developments Limited

Company Information

Directors | Mr Daniel Wolfenden Mr Scott Harrop Ms Hannah Wolfenden Mr David Wolfenden Mr Matthew Wolfenden

Registered office | Hope Mill Greenacres Road Oldham Lancashire OL4 2AB

Accountants | UHY Williamson Croft Chartered Certified Accountants Williamson Croft Accountants Ltd York House 20 York Street Manchester M2 3BB

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Ripple Developments Limited
for the Year Ended 31 December 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ripple Developments Limited for the year ended 31 December 2025 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Ripple Developments Limited, as a body, in accordance with the terms of our engagement letter dated 31 October 2024. Our work has been undertaken solely to prepare for your approval the accounts of Ripple Developments Limited and state those matters that we have agreed to state to the Board of Directors of Ripple Developments Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ripple Developments Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Ripple Developments Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Ripple Developments Limited. You consider that Ripple Developments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Ripple Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
UHY Williamson Croft
Chartered Certified Accountants
Williamson Croft Accountants Ltd
York House
20 York Street
Manchester
M2 3BB

7 May 2026

Ripple Developments Limited

(Registration number: 01648796)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 57,382 | 58,830
Current assets |  |  |
Stocks | 5 | 106,935 | 213,551
Debtors | 6 | 824,486 | 660,964
Cash at bank and in hand |  | 481,954 | 415,650
|  | 1,413,375 | 1,290,165
Creditors: Amounts falling due within one year | 7 | (596,474) | (629,200)
Net current assets |  | 816,901 | 660,965
Total assets less current liabilities |  | 874,283 | 719,795
Creditors: Amounts falling due after more than one year | 7 | - | (9,736)
Provisions for liabilities |  | (14,346) | (14,707)
Net assets |  | 859,937 | 695,352
Capital and reserves |  |  |
Called up share capital | 8 | 50 | 50
Capital redemption reserve |  | 75 | 75
Retained earnings |  | 859,812 | 695,227
Shareholders' funds |  | 859,937 | 695,352

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

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | 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 prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 'The Financial Reporting Standard Applicable in the UK and and Republic of Ireland'.

Approved and authorised by the Board on 7 May 2026 and signed on its behalf by:

......................................... Mr David Wolfenden Director

Ripple Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Hope Mill
Greenacres Road
Oldham
Lancashire
OL4 2AB

These financial statements were authorised for issue by the Board on 7 May 2026.

2 | Accounting policies

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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 financial statements are presented in sterling which is the functional currency of the company.

Summary of disclosure exemptions

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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.

Ripple Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
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.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 20% Reducing balance
Furniture and fittings | 10% Reducing balance
Solar equipment | 5% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Ripple Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 10 (2024 - 10).

Ripple Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

4 | Tangible assets

| Furniture, fittings and equipment £ | Plant and machinery £ | Total £
Cost or valuation
At 1 January 2025 | 49,815 | 15,029 | 64,844
Additions | - | 3,824 | 3,824
At 31 December 2025 | 49,815 | 18,853 | 68,668
Depreciation
At 1 January 2025 | 2,612 | 3,402 | 6,014
Charge for the year | 2,588 | 2,684 | 5,272
At 31 December 2025 | 5,200 | 6,086 | 11,286
Carrying amount
At 31 December 2025 | 44,615 | 12,767 | 57,382
At 31 December 2024 | 47,203 | 11,627 | 58,830

5 | Stocks

| 2025 £ | 2024 £
Other inventories | 106,935 | 213,551

6 | Debtors

| Note | 2025 £ | 2024 £
Trade debtors |  | 373,760 | 307,472
Amounts owed by related parties | 9 | 431,038 | 336,711
Prepayments |  | 19,688 | 16,780
Other debtors |  | - | 1
|  | 824,486 | 660,964

Ripple Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

7 | Creditors

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings |  | 9,736 | 22,002
Trade creditors |  | 289,467 | 330,043
Taxation and social security |  | 221,654 | 245,043
Accruals and deferred income |  | 75,617 | 32,112
|  | 596,474 | 629,200

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings |  | - | 9,736

Included within loans and borrowings within one year is £9,736 (2024: £22,002) and included within loans and borrowings greater than one year is £Nil (2024: £9,736) relating to finance lease agreements. These loans are secured by a fixed charge over the asset to which they relate.

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 25 | 25 | 25 | 25
Ordinary A of £1 each | 25 | 25 | 25 | 25
| 50 | 50 | 50 | 50

9 | Related party transactions

The company has taken advantage of the exemption conferred by section 1A of FRS 102 not to disclose transactions with wholly owned members of the group headed by Ripple Group Ltd.

10 | Parent and ultimate parent undertaking

The company's immediate parent is Ripple Group Limited, incorporated in England and Wales.