IRIS Accounts Production v23.3.0.418 08181568 Board of Directors 1.2.22 31.1.23 31.1.23 true false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure081815682022-01-31081815682023-01-31081815682022-02-012023-01-31081815682021-01-31081815682021-02-012022-01-31081815682022-01-3108181568ns16:EnglandWales2022-02-012023-01-3108181568ns15:PoundSterling2022-02-012023-01-3108181568ns11:Director12022-02-012023-01-3108181568ns11:PrivateLimitedCompanyLtd2022-02-012023-01-3108181568ns11:SmallEntities2022-02-012023-01-3108181568ns11:AuditExempt-NoAccountantsReport2022-02-012023-01-3108181568ns11:SmallCompaniesRegimeForDirectorsReport2022-02-012023-01-3108181568ns11:SmallCompaniesRegimeForAccounts2022-02-012023-01-3108181568ns11:FullAccounts2022-02-012023-01-3108181568ns11:Director22022-02-012023-01-3108181568ns11:Director32022-02-012023-01-3108181568ns11:RegisteredOffice2022-02-012023-01-3108181568ns6:CurrentFinancialInstruments2023-01-3108181568ns6:CurrentFinancialInstruments2022-01-3108181568ns6:ShareCapital2023-01-3108181568ns6:ShareCapital2022-01-3108181568ns6:FurtherSpecificReserve3ComponentTotalEquity2023-01-3108181568ns6:FurtherSpecificReserve3ComponentTotalEquity2022-01-3108181568ns6:RetainedEarningsAccumulatedLosses2023-01-3108181568ns6:RetainedEarningsAccumulatedLosses2022-01-310818156812022-02-012023-01-3108181568ns6:PlantMachinery2022-02-012023-01-3108181568ns6:PlantMachinery2022-01-3108181568ns6:PlantMachinery2023-01-3108181568ns6:PlantMachinery2022-01-3108181568ns6:CostValuation2022-01-3108181568ns6:WithinOneYearns6:CurrentFinancialInstruments2023-01-3108181568ns6:WithinOneYearns6:CurrentFinancialInstruments2022-01-3108181568ns6:FurtherSpecificReserve3ComponentTotalEquity2022-01-31
REGISTERED NUMBER: 08181568 (England and Wales)





















Unaudited Financial Statements for the Year Ended 31 January 2023

for

RIDE (Yalberton) Limited

RIDE (Yalberton) Limited (Registered number: 08181568)

Contents of the Financial Statements
for the Year Ended 31 January 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RIDE (Yalberton) Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: G E Rodgers
Mrs S M Rodgers
Miss J L Rodgers





REGISTERED OFFICE: First Floor Cef Building
Broomhill Way
Torquay
Devon
TQ2 7QN





BUSINESS ADDRESS: Redlands
Ridge Road
Maidencombe
Torquay
Devon
TQ1 4TD





REGISTERED NUMBER: 08181568 (England and Wales)





ACCOUNTANTS: Mark Ward Chartered Certified Accountants
First Floor Cef Building
Broomhill Way
Torquay
Devon
TQ2 7QN

RIDE (Yalberton) Limited (Registered number: 08181568)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,831 11,132
Investments 5 99 99
Investment property 6 2,250,000 1,900,000
2,256,930 1,911,231

CURRENT ASSETS
Debtors 7 25,674 22,117
Cash at bank 77,128 84,108
102,802 106,225
CREDITORS
Amounts falling due within one year 8 36,790 72,187
NET CURRENT ASSETS 66,012 34,038
TOTAL ASSETS LESS CURRENT LIABILITIES 2,322,942 1,945,269

PROVISIONS FOR LIABILITIES 336,992 190,431
NET ASSETS 1,985,950 1,754,838

CAPITAL AND RESERVES
Called up share capital 198 198
Fair value reserve 9 1,895,653 1,545,653
Retained earnings 90,099 208,987
SHAREHOLDERS' FUNDS 1,985,950 1,754,838

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

RIDE (Yalberton) Limited (Registered number: 08181568)

Balance Sheet - continued
31 January 2023


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

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 and authorised for issue on 7 June 2023 and were signed on its behalf by:





G E Rodgers - Director


RIDE (Yalberton) Limited (Registered number: 08181568)

Notes to the Financial Statements
for the Year Ended 31 January 2023


1. STATUTORY INFORMATION

RIDE (Yalberton) 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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 £1.

Critical accounting judgements and key sources of estimation uncertainty
In applying the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

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.
Plant and machinery etc - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

RIDE (Yalberton) Limited (Registered number: 08181568)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company holds the following financial instruments:

- Short term trade and other debtors and creditors;
- Cash and bank balances.

All financial instruments are classified as basic.

The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company's obligations are discharged, expire or are cancelled.

Basic financial assets comprise short term trade and other debtors and cash and bank balances. Basic financial liabilities comprise short term trade and other creditors.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

RIDE (Yalberton) Limited (Registered number: 08181568)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022 21,743
Additions 170
Disposals (9,825 )
At 31 January 2023 12,088
DEPRECIATION
At 1 February 2022 10,611
Charge for year 2,277
Eliminated on disposal (7,631 )
At 31 January 2023 5,257
NET BOOK VALUE
At 31 January 2023 6,831
At 31 January 2022 11,132

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2022
and 31 January 2023 99
NET BOOK VALUE
At 31 January 2023 99
At 31 January 2022 99

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022 1,900,000
Revaluations 350,000
At 31 January 2023 2,250,000
NET BOOK VALUE
At 31 January 2023 2,250,000
At 31 January 2022 1,900,000

RIDE (Yalberton) Limited (Registered number: 08181568)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023


6. INVESTMENT PROPERTY - continued

Fair value at 31 January 2023 is represented by:
£   
Valuation in 2015 1,145,653
Valuation in 2019 400,000
Valuation in 2022 350,000
Cost 354,347
2,250,000

If investment property had not been revalued it would have been included at the following historical cost:

31.1.23 31.1.22
£    £   
Cost 354,347 354,347

Investment property was valued on an open market basis on 7 December 2022 by Bettesworths Chartered Surveyors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 20,767 17,255
Other debtors 4,907 4,862
25,674 22,117

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Payments on account 13,473 11,717
Amounts owed to group undertakings 2,349 3,080
Taxation and social security 15,467 13,917
Other creditors 5,501 43,473
36,790 72,187

9. RESERVES
Fair
value
reserve
£   
At 1 February 2022 1,545,653
Revaluation of investment prop
erty 350,000

At 31 January 2023 1,895,653