Ringley Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 03302438 (England and Wales)

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017

FOR

RINGLEY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A Chadwick

D Field

M J Richardson

A Pratt

M A Bowring

R P Bath

SECRETARIES:

M A Bowring

L Harle

REGISTERED OFFICE:

Ringley House

349 Royal College Street

London

NW1 9QS

REGISTERED NUMBER:

03302438 (England and Wales)

AUDITORS:

Macalvins Limited

Chartered Accountants

and Statutory Auditors

7 St John's Road

Harrow

Middlesex

HA1 2EY

FIXED ASSETS

Tangible assets

4

189,290

178,922

Investments

5

60

60

189,350

178,982

CURRENT ASSETS

Debtors

6

1,061,692

937,164

Cash at bank and in hand

465

71,983

1,062,157

1,009,147

CREDITORS

Amounts falling due within one year

7

636,799

692,190

NET CURRENT ASSETS

425,358

316,957

TOTAL ASSETS LESS CURRENT LIABILITIES

614,708

495,939

CREDITORS

Amounts falling due after more than one year

8

(397,198

)

(414,275

)

PROVISIONS FOR LIABILITIES

(8,666

)

(11,854

)

NET ASSETS

208,844

69,810

CAPITAL AND RESERVES

Called up share capital

100,000

100,000

Retained earnings

108,844

(30,190

)

SHAREHOLDERS' FUNDS

208,844

69,810

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 20 December 2017 and were signed on its behalf by:

R P Bath - Director

1.	STATUTORY INFORMATION

Ringley 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.

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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These financial statements for the year ended 31 March 2017 are the first financial statements that comply with

FRS 102 Section 1A small entities.The date of transition is 1 April 2015.

The transition to FRS 102 Section 1A small entities have resulted in no changes in accounting policies to those

used previously, therefore no separate statements for any adjustments are disclosed.

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.

Tangible fixed assets

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

Leasehold improvements

-

Over the term of the lease

Fixtures and fittings

-

25% reducing balance

Motor vehicles

-

25% reducing balance

Computer equipment

-

25% reducing balance

Freehold investment property is not depreciated but revalued every five year with the surplus or deficit on book

value being transferred to the revaluation reserve, unless a deficit (or its reversal) is expected to be permanent, in

which case it is charged (or credited) to the profit and loss account. On disposal of a revalued asset, any related

balance in the revaluation reserve is transferred to the profit and loss account as a movement on reserve.

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.

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 34 (2016 - 34 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Leasehold

and

Motor

Computer

improvements

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2016

236,120

134,820

9,535

453,547

834,022

Additions

-

2,660

-

35,756

38,416

At 31 March 2017

236,120

137,480

9,535

489,303

872,438

DEPRECIATION

At 1 April 2016

128,951

130,569

7,273

388,307

655,100

Charge for year

9,445

1,728

565

16,310

28,048

At 31 March 2017

138,396

132,297

7,838

404,617

683,148

NET BOOK VALUE

At 31 March 2017

97,724

5,183

1,697

84,686

189,290

At 31 March 2016

107,169

4,251

2,262

65,240

178,922

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2016

and 31 March 2017

60

NET BOOK VALUE

At 31 March 2017

60

At 31 March 2016

60

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

234,778

273,442

Amounts owed by group companies

815,104

654,350

Other debtors

11,810

9,372

1,061,692

937,164

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

163,225

58,158

Trade creditors

66,652

87,741

Amounts owed to group companies

85,870

97,806

Taxation and social security

172,160

194,321

Other creditors

148,892

254,164

636,799

692,190

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

124,698

141,775

Other creditors

272,500

272,500

397,198

414,275

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

124,698

141,775

Directors loan more than 5 yr

272,500

272,500

397,198

414,275

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Shailesh V Patel (Senior Statutory Auditor)

for and on behalf of Macalvins Limited

10.	RELATED PARTY DISCLOSURES

As at the balance sheet date the company was owed £71,601 (2016: £Nil) from Ringley Estate Limited

(previously called Ringley Agency Limited).

The company is a partner in Ringley Law LLP. the company's share of partnership profits for the year ended 31

March 2017 was £3,288 (2016: £22,486). As at the balance sheet date the company was owed £106,757 (2016:

£179,114) from Ringley Legal LLP.

As at the balance sheet date the company was owed £43,778 (2016: -£600) from Ringley Final Accounts services

LLP.

As at the balance sheet date the company was owed £25,057 (2016: £Nil) from Ringley Surveyor Limited.

As at the balance sheet date the company was owed £40,388 (2016: £Nil) from Ringley Building Engineering

Limited.

As at the balance sheet date the company was owed £494,757 (2016: £475,236) from Ringley Property Holdings

Limited.

As at the balance sheet date the company was owed £32,765 (2016: £Nil) from 147 Kentish Town Road

Freehold Limited.

As at the balance sheet date the company owed £85,870 (2016: £97,206) to Ringley Support Services Limited.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M A Bowring.

12.	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