Silverfin false 30/04/2023 01/05/2022 30/04/2023 Mr L Ryan 05/12/2018 Mr R Ryan 05/12/2018 21 September 2023 The principal activity of the company during the financial year was that of property rental. 11713341 2023-04-30 11713341 bus:Director1 2023-04-30 11713341 bus:Director2 2023-04-30 11713341 2022-04-30 11713341 core:CurrentFinancialInstruments 2023-04-30 11713341 core:CurrentFinancialInstruments 2022-04-30 11713341 core:ShareCapital 2023-04-30 11713341 core:ShareCapital 2022-04-30 11713341 core:RetainedEarningsAccumulatedLosses 2023-04-30 11713341 core:RetainedEarningsAccumulatedLosses 2022-04-30 11713341 core:Vehicles 2022-04-30 11713341 core:Vehicles 2023-04-30 11713341 core:RemainingRelatedParties core:CurrentFinancialInstruments 2023-04-30 11713341 core:RemainingRelatedParties core:CurrentFinancialInstruments 2022-04-30 11713341 bus:OrdinaryShareClass1 2023-04-30 11713341 2022-05-01 2023-04-30 11713341 bus:FullAccounts 2022-05-01 2023-04-30 11713341 bus:SmallEntities 2022-05-01 2023-04-30 11713341 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 11713341 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 11713341 bus:Director1 2022-05-01 2023-04-30 11713341 bus:Director2 2022-05-01 2023-04-30 11713341 core:Vehicles 2022-05-01 2023-04-30 11713341 2021-05-01 2022-04-30 11713341 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 11713341 bus:OrdinaryShareClass1 2021-05-01 2022-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11713341 (England and Wales)

RYAN BROTHERS PROPERTY HOLDINGS LTD

Unaudited Financial Statements
For the financial year ended 30 April 2023
Pages for filing with the registrar

RYAN BROTHERS PROPERTY HOLDINGS LTD

Unaudited Financial Statements

For the financial year ended 30 April 2023

Contents

RYAN BROTHERS PROPERTY HOLDINGS LTD

STATEMENT OF FINANCIAL POSITION

As at 30 April 2023
RYAN BROTHERS PROPERTY HOLDINGS LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 0 29,563
Investment property 4 583,793 485,000
583,793 514,563
Current assets
Debtors 5 20,020 100
Cash at bank and in hand 104,877 90,413
124,897 90,513
Creditors: amounts falling due within one year 6 ( 29,774) ( 539,163)
Net current assets/(liabilities) 95,123 (448,650)
Total assets less current liabilities 678,916 65,913
Net assets 678,916 65,913
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 678,816 65,813
Total shareholders' funds 678,916 65,913

For the financial year ending 30 April 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Ryan Brothers Property Holdings Ltd (registered number: 11713341) were approved and authorised for issue by the Director on 21 September 2023. They were signed on its behalf by:

Mr L Ryan
Director
RYAN BROTHERS PROPERTY HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
RYAN BROTHERS PROPERTY HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Ryan Brothers Property Holdings Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 1 Cobham Road, Racecourse Industrial Estate, Pershore, WR10 2DL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Vehicles 25 % reducing balance
Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Vehicles Total
£ £
Cost
At 01 May 2022 70,075 70,075
Disposals ( 70,075) ( 70,075)
At 30 April 2023 0 0
Accumulated depreciation
At 01 May 2022 40,512 40,512
Disposals ( 40,512) ( 40,512)
At 30 April 2023 0 0
Net book value
At 30 April 2023 0 0
At 30 April 2022 29,563 29,563

4. Investment property

Investment property
£
Valuation
As at 01 May 2022 485,000
Additions 98,793
As at 30 April 2023 583,793

Assumptions

These assumptions were arrived at taking account of information and advice from external property consultants, in-house property experts, publicly available data and judgement. A significant level of uncertainty exists in relation to these assumptions and any changes in these assumptions could have a material impact on the carrying value of Investment Property in the financial statements. The 2023 valuations were made by the directors, on an open market value for existing use basis.

5. Debtors

2023 2022
£ £
Trade debtors 19,920 0
Other debtors 100 100
20,020 100

6. Creditors: amounts falling due within one year

2023 2022
£ £
Amounts owed to related parties 0 534,816
Taxation and social security 27,073 2,287
Other creditors 2,701 2,060
29,774 539,163

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 ordinary shares of £ 1.00 each 100 100

8. Related party transactions

Other related party transactions

During the year, a loan account was maintained with a company under common control. At year end, the balance owed by Ryan Brothers Property Holdings Ltd was £Nil (2022: £534,816). No interest has been charged on this balance.