Ranger Services Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 04797172 (England and Wales)

Ranger Services Limited

Audited Financial Statements

for the Year Ended 30 June 2023

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

I S Langdon

E D Morris

G H D Rose

Registered office:

Jack Straw's Castle

12 North End Way

London

NW3 7ES

Registered number:

04797172 (England and Wales)

Auditors:

Cooper Parry Group Limited

Statutory Auditor

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

Current assets

Debtors

4

3,497,134

4,714,467

Cash at bank

1,427,233

398,302

4,924,367

5,112,769

Creditors

Amounts falling due within one year

5

2,279,357

2,197,363

Net current assets

2,645,010

2,915,406

Total assets less current liabilities

2,645,010

2,915,406

Capital and reserves

Called up share capital

6

1,000

1,000

Share premium

7

105,960

105,960

Retained earnings

7

2,538,050

2,808,446

Shareholders' funds

2,645,010

2,915,406

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 Board of Directors and authorised for issue on 18 December 2023 and were signed on its behalf by:

I S Langdon - Director

1.	Statutory information

Ranger Services Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 04797172 and registered office address is Jack Straw's Castle, 12 North End Way, London, NW3 7ES.

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.

Going concern

The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. Based on these assessments, the Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover comprises revenue generated by the company in respect of car park management services supplied directly to clients. Revenue is recognised in line with the terms of the client contracts when the services are supplied. Revenue is recognised exclusive of Value Added Tax.

Tangible fixed assets

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

Research and development

Development costs are capitalised as incurred in relation to software development expenditure. These costs are amortised over a period of three years on a straight line basis.

Financial instruments policy

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the company's cash management.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Key sources of estimation uncertainty and judgements

The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

3.	Employees and directors

The average number of employees during the year was NIL (2022 - NIL).

4.

Debtors: amounts falling due within one year

2023

2022

£

£

Trade debtors

45,452

857,315

Amounts owed by group undertakings

3,320,799

3,677,090

VAT

4,551

35,195

Deferred tax asset

92,895

10,568

Prepayments and accrued income

33,437

134,299

3,497,134

4,714,467

5.

Creditors: amounts falling due within one year

2023

2022

£

£

Trade creditors

36,146

54,444

Amounts owed to group undertakings

2,107,027

-

Tax

215

-

Accruals and deferred income

135,969

2,142,919

2,279,357

2,197,363

6.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

1,000

Ordinary

£1

1,000

1,000

7.

Reserves

Retained

Share

earnings

premium

Totals

£

£

£

At 1 July 2022

2,808,446

105,960

2,914,406

Deficit for the year

(270,396

)

(270,396

)

At 30 June 2023

2,538,050

105,960

2,644,010

8.	Disclosure under Section 444(5B) of the Companies Act 2006

The Auditors' Report was unqualified.

Jonathan Moughton (Senior Statutory Auditor)

for and on behalf of Cooper Parry Group Limited

9.	Related party disclosures

Included in debtors is £1,731,595 (2022: £1,928,065) due from companies under common control.

Included in creditors is £2,107,027 (2022: £nil) due to companies under common control.

During the year £130,000 (2022: £2,520,000) of costs were incurred in respect of management fees and contract work.

10.	Ultimate controlling party

The ultimate controlling party at the balance sheet date was Trade TopCo Limited, a company controlled by E A Green and I S Langdon acting in concert.