Company Registration No. 10058650 (England and Wales)
RYVES PROPERTIES HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
RYVES PROPERTIES HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
RYVES PROPERTIES HOLDINGS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
3
4
4
Current assets
Debtors
5
170
54,067
Cash at bank and in hand
107,107
56,244
107,277
110,311
Creditors: amounts falling due within one year
6
(49,879)
(46,080)
Net current assets
57,398
64,231
Total assets less current liabilities
57,402
64,235
Capital and reserves
Called up share capital
8
8
Profit and loss reserves
57,394
64,227
Total equity
57,402
64,235

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 5 October 2023 and are signed on its behalf by:
Mr Ben Lane
Director
Company Registration No. 10058650
RYVES PROPERTIES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 2 -
1
Accounting policies
Company information

Ryves Properties Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Acre House, 11-15 William Road, London, United Kingdom, NW1 3ER.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.3
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

RYVES PROPERTIES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 3 -
Basic financial liabilities

Basic financial liabilities, including creditors and amounts owed to group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.4
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

1.5
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

There were no employees during the current or comparative year.

3
Fixed asset investments
2023
2022
£
£
Investments
4
4
Movements in fixed asset investments
Shares in group undertakings
£
Cost or valuation
At 1 April 2022 & 31 March 2023
4
Carrying amount
At 31 March 2023
4
At 31 March 2022
4
RYVES PROPERTIES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 4 -
4
Subsidiaries

Details of the company's subsidiaries at 31 March 2023 are as follows:

Name of undertaking and country of
Nature of business
Class of
% Held
incorporation or residency
shareholding
Direct
Indirect
Ryves Properties Limited
England
Lettings company
Ordinary
100.00
Ryves Residential Properties Limited
England
Dormant
Ordinary
100.00
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Unpaid share capital
4
4
Other debtors
166
54,063
170
54,067
6
Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings
43,579
39,780
Accruals and deferred income
6,300
6,300
49,879
46,080
2023-03-312022-04-01false05 October 2023CCH SoftwareCCH Accounts Production 2023.100No description of principal activityMr James AllenMrs Louise  AllenMr Ben LaneMrs Roberta De Cesare Lane0100586502022-04-012023-03-31100586502023-03-31100586502022-03-3110058650core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3110058650core:CurrentFinancialInstrumentscore:WithinOneYear2022-03-3110058650core:CurrentFinancialInstruments2023-03-3110058650core:CurrentFinancialInstruments2022-03-3110058650core:ShareCapital2023-03-3110058650core:ShareCapital2022-03-3110058650core:RetainedEarningsAccumulatedLosses2023-03-3110058650core:RetainedEarningsAccumulatedLosses2022-03-3110058650bus:Director32022-04-012023-03-3110058650core:Subsidiary12022-04-012023-03-3110058650core:Subsidiary22022-04-012023-03-3110058650core:Subsidiary112022-04-012023-03-3110058650core:Subsidiary222022-04-012023-03-3110058650bus:PrivateLimitedCompanyLtd2022-04-012023-03-3110058650bus:SmallCompaniesRegimeForAccounts2022-04-012023-03-3110058650bus:FRS1022022-04-012023-03-3110058650bus:AuditExemptWithAccountantsReport2022-04-012023-03-3110058650bus:Director12022-04-012023-03-3110058650bus:Director22022-04-012023-03-3110058650bus:Director42022-04-012023-03-3110058650bus:FullAccounts2022-04-012023-03-31xbrli:purexbrli:sharesiso4217:GBP