Ringley Limited - Accounts to registrar (filleted) - small 18.2
Ringley Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018 |
| FOR |
| RINGLEY LIMITED |
| RINGLEY LIMITED (REGISTERED NUMBER: 03302438) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| RINGLEY LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MARCH 2018 |
| DIRECTORS: |
| SECRETARIES: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Chartered Accountants |
| and Statutory Auditors |
| 7 St John's Road |
| Harrow |
| Middlesex |
| HA1 2EY |
| RINGLEY LIMITED (REGISTERED NUMBER: 03302438) |
| BALANCE SHEET |
| 31 MARCH 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Investments | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| RINGLEY LIMITED (REGISTERED NUMBER: 03302438) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2018 |
| 1. | STATUTORY INFORMATION |
| Ringley Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives |
| from the provision of services falling within the company's ordinary activities. |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
| less any accumulated amortisation and any accumulated impairment losses. |
| Development costs are being amortised evenly over their estimated useful life of 10 years. |
| Tangible fixed assets |
| Leasehold improvements | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| 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. |
| RINGLEY LIMITED (REGISTERED NUMBER: 03302438) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to profit or loss in the period to which they relate. |
| Investments |
| Fixed assets investments are stated at cost less provision for permanent diminution in value. |
| Group accounts |
| The company is entitled to the exemption under Section 398 of the Companies Act 2006 from the obligation to |
| prepare group accounts. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Development |
| costs |
| £ |
| COST |
| Additions |
| At 31 March 2018 |
| NET BOOK VALUE |
| At 31 March 2018 |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
| less any accumulated amortisation and any accumulated impairment losses. |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Leasehold | and | Motor | Computer |
| improvements | fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 April 2017 |
| Additions |
| At 31 March 2018 |
| DEPRECIATION |
| At 1 April 2017 |
| Charge for year |
| At 31 March 2018 |
| NET BOOK VALUE |
| At 31 March 2018 |
| At 31 March 2017 |
| RINGLEY LIMITED (REGISTERED NUMBER: 03302438) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2018 |
| 6. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1 April 2017 |
| Additions |
| Disposals | ( |
) |
| At 31 March 2018 |
| NET BOOK VALUE |
| At 31 March 2018 |
| At 31 March 2017 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade debtors |
| Amounts owed by group companies |
| Other debtors |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Amounts owed to group companies |
| Taxation and social security |
| Other creditors |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Bank loans |
| Other creditors |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank Loans due after more than |
| 5 years | 111,372 | 124,698 |
| Director's Loan Account | 272,500 | 272,500 |
| 383,872 | 397,198 |
| RINGLEY LIMITED (REGISTERED NUMBER: 03302438) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2018 |
| 10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 11. | RELATED PARTY DISCLOSURES |
| As at the balance sheet date the company was owed £122,245 (2017: £71,061) from Ringley Estate Limited. |
| The company is a partner in Ringley Law LLP. the company's share of partnership profits for the year ended 31 |
| March 2018 was £4,179 Loss (2017: £3,288). As at the balance sheet date the company was owed £156,354 |
| (2017: £106,757) from Ringley Legal LLP. |
| As at the balance sheet date the company was owed £8,846 (2017: £43,778) from Ringley Final Accounts |
| services LLP. |
| As at the balance sheet date the company was owed £4,250 (2017: £25,057) from Ringley Surveyor Limited. |
| As at the balance sheet date the company was owed £36,632 (2017: £40,388) from Ringley Building Engineering |
| Limited. |
| As at the balance sheet date the company was owed £506,512 (2017: £494,757) from Ringley Property Holdings |
| Limited. |
| As at the balance sheet date the company was owed £36,197 (2017: £32,765) from 147 Kentish Town Road |
| Freehold Limited. |
| As at the balance sheet date the company owed £140,990 (2017: £85,870) to Ringley Support Services Limited. |
| 12. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |
| 13. | EXEMPTION FROM PREPARING CONSOLIDATED FINANCIAL STATEMENTS |
| The financial statements contain information of Ringley Limited as an individual company and do not contain |
| consolidated financial information as the parent of a group. |
| The company is exempt under section 398 of the Companies Act 2006 from the requirements to prepare |
| consolidated financial statements |