IRIS Accounts Production v18.3.0.590 09980587 Board of Directors 1.3.17 28.2.18 28.2.18 false true false false true false Fair value model Ordinary 1.00000 Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure099805872017-02-28099805872018-02-28099805872017-03-012018-02-28099805872016-01-31099805872016-02-012017-02-28099805872017-02-2809980587ns15:EnglandWales2017-03-012018-02-2809980587ns14:PoundSterling2017-03-012018-02-2809980587ns10:Director12017-03-012018-02-2809980587ns10:PrivateLimitedCompanyLtd2017-03-012018-02-2809980587ns10:SmallEntities2017-03-012018-02-2809980587ns10:AuditExempt-NoAccountantsReport2017-03-012018-02-2809980587ns10:SmallCompaniesRegimeForDirectorsReport2017-03-012018-02-2809980587ns10:SmallCompaniesRegimeForAccounts2017-03-012018-02-2809980587ns10:FullAccounts2017-03-012018-02-2809980587ns10:OrdinaryShareClass12017-03-012018-02-2809980587ns10:Director22017-03-012018-02-2809980587ns10:CompanySecretary12017-03-012018-02-2809980587ns10:RegisteredOffice2017-03-012018-02-2809980587ns5:CurrentFinancialInstruments2018-02-2809980587ns5:CurrentFinancialInstruments2017-02-2809980587ns5:Non-currentFinancialInstruments2018-02-2809980587ns5:Non-currentFinancialInstruments2017-02-2809980587ns5:ShareCapital2018-02-2809980587ns5:ShareCapital2017-02-2809980587ns5:RetainedEarningsAccumulatedLosses2018-02-2809980587ns5:RetainedEarningsAccumulatedLosses2017-02-2809980587ns5:Secured2018-02-2809980587ns5:Secured2017-02-2809980587ns10:OrdinaryShareClass12018-02-28


REGISTERED NUMBER: 09980587 (England and Wales)





















RHYDANS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2018






RHYDANS LIMITED (REGISTERED NUMBER: 09980587)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2018










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


RHYDANS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2018







DIRECTORS: R L Davies
Miss L Neal





SECRETARY: Miss L Neal





REGISTERED OFFICE: 5 Bank Hill View
Little Harrowden
Wellingborough
Northamptonshire
NN9 5AR





REGISTERED NUMBER: 09980587 (England and Wales)





ACCOUNTANTS: Phipps Henson McAllister
Chartered Accountants
22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ

RHYDANS LIMITED (REGISTERED NUMBER: 09980587)

BALANCE SHEET
28 FEBRUARY 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,482,570 1,482,570

CURRENT ASSETS
Cash at bank 6,835 4,486

CREDITORS
Amounts falling due within one year 5 528,973 529,905
NET CURRENT LIABILITIES (522,138 ) (525,419 )
TOTAL ASSETS LESS CURRENT LIABILITIES 960,432 957,151

CREDITORS
Amounts falling due after more than one
year

6

957,462

957,462
NET ASSETS/(LIABILITIES) 2,970 (311 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 2,870 (411 )
SHAREHOLDERS' FUNDS 2,970 (311 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 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.

RHYDANS LIMITED (REGISTERED NUMBER: 09980587)

BALANCE SHEET - continued
28 FEBRUARY 2018


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors on 8 November 2018 and were signed on its behalf
by:





R L Davies - Director


RHYDANS LIMITED (REGISTERED NUMBER: 09980587)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2018


1. STATUTORY INFORMATION

Rhydans 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.

Turnover
Turnover represents rental income received from the letting of residential properties.

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.

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.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at
transaction price. Any losses arising from impairment are recognised in the profit and loss account in other
administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

RHYDANS LIMITED (REGISTERED NUMBER: 09980587)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2018


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2017
and 28 February 2018 1,482,570
NET BOOK VALUE
At 28 February 2018 1,482,570
At 28 February 2017 1,482,570

Investment properties were all acquired during the period ended 28 February 2017 and have initially been
recognised at cost. The directors consider that the fair value of the properties at 28 February 2018 are not
materially different to their cost.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Taxation and social security 677 -
Other creditors 528,296 529,905
528,973 529,905

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2018 2017
£    £   
Bank loans 957,462 957,462

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 957,462 957,462

7. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Bank loans 957,462 957,462

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
100 Ordinary £1 100 100