Ronsons Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00326354 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2017

for

RONSONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

Mrs P M Ronson

D M Ronson

J Ronson

SECRETARY:

Mrs P M Ronson

REGISTERED OFFICE:

Fairway House

Links Business Park

St. Mellons

Cardiff

CF3 0LT

REGISTERED NUMBER:

00326354 (England and Wales)

ACCOUNTANTS:

Hayvenhursts

Fairway House

Links Business Park

St Mellons

Cardiff

CF3 OLT

FIXED ASSETS

Tangible assets

4

739,737

739,737

CURRENT ASSETS

Debtors

5

888,785

850,489

Cash at bank

156,263

106,131

1,045,048

956,620

CREDITORS

Amounts falling due within one year

6

(55,706

)

(76,112

)

NET CURRENT ASSETS

989,342

880,508

TOTAL ASSETS LESS CURRENT LIABILITIES

1,729,079

1,620,245

PROVISIONS FOR LIABILITIES

(57,860

)

(57,860

)

NET ASSETS

1,671,219

1,562,385

CAPITAL AND RESERVES

Called up share capital

28,565

28,565

Revaluation reserve

7

479,298

479,298

Retained earnings

1,163,356

1,054,522

SHAREHOLDERS' FUNDS

1,671,219

1,562,385

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 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 17 September 2018 and were signed on its behalf by:

D M Ronson - Director

1.	STATUTORY INFORMATION

Ronsons 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.

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 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.

Tangible fixed assets

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

Land and buildings

-

5% on cost

The directors have incorporated the market value of the investment property in accordance

with SSAP 19. No depreciation is provided on the long leasehold property. The property is

maintained to ensure that its residual value does not diminish over time, with the

maintenance costs being charged to profit and loss account in the period incurred.

Investment properties are revalued annually by the directors or professional advisers in

accordance with SSAP 19 and the aggregate surplus or deficit is transferred to the

investment revaluation reserve. The directors have performed an impairment review in

relation to the company's property and consider that no depreciation is necessary as no

impairment has occurred. The absence of depreciation is not in accordance with FRS No.15

'Tangible Fixed Assets'.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2016 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

Short

property

leasehold

Totals

£

£

£

COST OR VALUATION

At 1 January 2017

and 31 December 2017

139,737

600,000

739,737

NET BOOK VALUE

At 31 December 2017

139,737

600,000

739,737

At 31 December 2016

139,737

600,000

739,737

The company's leasehold property was revalued in December 1997 by the directors, on an

open market valuation basis. The directors are of the opinion that this open market valuation

is still applicable as at 31 December 2016. The inclusion of this valuation dose not amount to

the adoption of a policy of revaluation for the purposes of FRS No.15 "Tangible Fixed

Assets". The company's freehold property is held for investment purposes in accordance

with SSAP 19.

Cost or valuation at 31 December 2017 is represented by:

Freehold

Short

property

leasehold

Totals

£

£

£

Valuation in 1997

-

548,097

548,097

Cost

139,737

51,903

191,640

139,737

600,000

739,737

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

75,106

40,044

Amount due from related

undertaking

809,605

738,605

Prepayments

4,074

71,840

888,785

850,489

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

360

-

Tax

25,939

28,574

Social security and other taxes

25,117

14,742

Other creditors

-

562

Accrued expenses

4,290

32,234

55,706

76,112

7.

RESERVES

Revaluation

reserve

£

At 1 January 2017

and 31 December 2017

479,298

8.	RELATED PARTY DISCLOSURES

D M Ronson and Mrs P M Ronson are directors of Ronsons Developments Limited.

As at 31 December 2017 the company was owed £300,605 (2016 - £300,605) from Ronsons

Developments Limited.

Jon Ronson is a director of Jon Ronson Limited.

As at 31 December 2017 the company was owed £368,000 (2016 - £348,000) from Jon

Ronson Limited.

Daniel Ronson is a director of Starjump Food Products Limited.

As at 31 December 2017 the company was owed £141,000 (2016 - £90,000) from Starjump

Food Products Limited.

The following reproduces the text of the report prepared for the directors in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act

2006, the company is only required to file a Balance Sheet. Readers are cautioned that the

Income Statement and certain other primary statements and the Report of the Directors are

not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for

your approval the financial statements of Ronsons Limited for the year ended 31 December 2017

which comprise the Income Statement, Balance Sheet and the related notes from the company's

accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Ronsons Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ronsons Limited and state those matters that we have agreed to state to the Board of Directors of Ronsons Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ronsons Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ronsons Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ronsons Limited. You consider that Ronsons 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 financial statements of Ronsons 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 financial statements.

Hayvenhursts

Fairway House

Links Business Park

St Mellons

Cardiff

CF3 OLT

17 September 2018