Ringey Fly Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 10066943 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

RINGEY FLY LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

S Kornbluh

REGISTERED OFFICE:

228 Stamford Hill

London

N16 6TT

REGISTERED NUMBER:

10066943 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Investment property

4

350,000

350,000

CURRENT ASSETS

Cash at bank

388

57

CREDITORS

Amounts falling due within one year

5

(15,340

)

(12,625

)

NET CURRENT LIABILITIES

(14,952

)

(12,568

)

TOTAL ASSETS LESS CURRENT LIABILITIES

335,048

337,432

CREDITORS

Amounts falling due after more than one year

6

(276,080

)

(276,080

)

NET ASSETS

58,968

61,352

CAPITAL AND RESERVES

Called up share capital

7

100

100

Revaluation reserve

8

111,013

111,013

Retained earnings

8

(52,145

)

(49,761

)

SHAREHOLDERS' FUNDS

58,968

61,352

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 29 March 2023 and were signed by:

S Kornbluh - Director

1.	STATUTORY INFORMATION

Ringey Fly Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2021

and 31 March 2022

350,000

NET BOOK VALUE

At 31 March 2022

350,000

At 31 March 2021

350,000

The director has confirmed that there is no significant increase or decrease in the property market value.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Other creditors

12,712

10,069

Accrued expenses

2,628

2,556

15,340

12,625

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans more 5 yrs non-inst

276,080

276,080

31.3.22

31.3.21

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

276,080

276,080

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.22

31.3.21

value:

£

£

100

Ordinary

£1

100

100

8.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 April 2021

(49,761

)

111,013

61,252

Deficit for the year

(2,384

)

(2,384

)

At 31 March 2022

(52,145

)

111,013

58,868

9.	ULTIMATE CONTROLLING PARTY

The controlling party is S Kornbluh.