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COMPANY REGISTRATION NUMBER: 11240508
RYAN HOMES AND DEVELOPMENTS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2023
RYAN HOMES AND DEVELOPMENTS LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
Contents
Pages
Balance sheet 1
Notes to the financial statements 2 to 3
RYAN HOMES AND DEVELOPMENTS LIMITED
BALANCE SHEET
31 March 2023
2023
2022
Note
£
£
Current assets
Debtors
4
2,286
100
Cash at bank and in hand
3,490
248,755
------------
------------
5,776
248,855
Creditors: amounts falling due within one year
5
( 5,518)
( 102,047)
------------
------------
Net current assets
258
146,808
------------
------------
Total assets less current liabilities
258
146,808
------------
------------
Net assets
258
146,808
------------
------------
Capital and reserves
Called up share capital
6
100
100
Profit and loss account
158
146,708
------------
------------
Shareholders funds
258
146,808
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 16 October 2023 , and are signed on behalf of the board by:
Mr T C Frear
Mr R F Ryan
Director
Director
Company registration number: 11240508
RYAN HOMES AND DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 35 Westgate, Huddersfield, West Yorkshire, HD1 1PA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Debtors
2023
2022
£
£
Prepayments and accrued income
2,106
VAT recoverable
180
100
------------
------------
2,286
100
------------
------------
5. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
191
Accruals and deferred income
750
36,182
Corporation tax
39,456
Directors' loan accounts
4,768
26,218
------------
------------
5,518
102,047
------------
------------
6. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
'A' Ordinary shares of £ 1 each
51
51
51
51
'B' Ordinary shares of £ 1 each
49
49
49
49
------------
------------
------------
------------
100
100
100
100
------------
------------
------------
------------
The issued share capital comprises of 51 A ordinary shares and 49 B ordinary shares. The two classes of share rank pari passu.
7. Related party transactions
The loans at note 8 above are owed to the directors and connected entities. They are repayable on demand and currently interest-free. Certain of the loans are secured on the company's assets. The company is controlled by Frear Investments Limited.