IRIS Accounts Production v23.3.0.418 05195749 Board of Directors 1.3.22 28.2.23 28.2.23 29.11.23 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure051957492022-02-28051957492023-02-28051957492022-03-012023-02-28051957492021-02-28051957492021-03-012022-02-28051957492022-02-2805195749ns16:EnglandWales2022-03-012023-02-2805195749ns15:PoundSterling2022-03-012023-02-2805195749ns11:Director12022-03-012023-02-2805195749ns11:PrivateLimitedCompanyLtd2022-03-012023-02-2805195749ns11:SmallEntities2022-03-012023-02-2805195749ns11:Audited2022-03-012023-02-2805195749ns11:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2805195749ns11:SmallCompaniesRegimeForAccounts2022-03-012023-02-2805195749ns11:FullAccounts2022-03-012023-02-2805195749ns11:Director22022-03-012023-02-2805195749ns11:Director32022-03-012023-02-2805195749ns11:RegisteredOffice2022-03-012023-02-2805195749ns6:CurrentFinancialInstruments2023-02-2805195749ns6:CurrentFinancialInstruments2022-02-2805195749ns6:ShareCapital2023-02-2805195749ns6:ShareCapital2022-02-2805195749ns6:RetainedEarningsAccumulatedLosses2023-02-2805195749ns6:RetainedEarningsAccumulatedLosses2022-02-2805195749ns6:PlantMachinery2022-03-012023-02-2805195749ns6:FurnitureFittings2022-03-012023-02-2805195749ns6:MotorVehicles2022-03-012023-02-2805195749ns6:ComputerEquipment2022-03-012023-02-2805195749ns6:PlantMachinery2022-02-2805195749ns6:FurnitureFittings2022-02-2805195749ns6:MotorVehicles2022-02-2805195749ns6:ComputerEquipment2022-02-2805195749ns6:PlantMachinery2023-02-2805195749ns6:FurnitureFittings2023-02-2805195749ns6:MotorVehicles2023-02-2805195749ns6:ComputerEquipment2023-02-2805195749ns6:PlantMachinery2022-02-2805195749ns6:FurnitureFittings2022-02-2805195749ns6:MotorVehicles2022-02-2805195749ns6:ComputerEquipment2022-02-2805195749ns6:WithinOneYearns6:CurrentFinancialInstruments2023-02-2805195749ns6:WithinOneYearns6:CurrentFinancialInstruments2022-02-2805195749ns6:WithinOneYear2023-02-2805195749ns6:WithinOneYear2022-02-2805195749ns6:BetweenOneFiveYears2023-02-2805195749ns6:BetweenOneFiveYears2022-02-2805195749ns6:AllPeriods2023-02-2805195749ns6:AllPeriods2022-02-2805195749ns6:DeferredTaxation2022-02-2805195749ns6:DeferredTaxation2022-03-012023-02-2805195749ns6:DeferredTaxation2023-02-28
REGISTERED NUMBER: 05195749 (England and Wales)














Financial Statements

for the Year Ended 28 February 2023

for

Ryde House Homes Ltd

Ryde House Homes Ltd (Registered number: 05195749)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ryde House Homes Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Mr J R Clewley
Mrs M C Clewley
Mr A J Clewley





REGISTERED OFFICE: Ryde House
Ryde House Drive
Ryde
Isle of Wight
PO33 3FE





REGISTERED NUMBER: 05195749 (England and Wales)





AUDITORS: Ward Goodman Audit Services Ltd
4 Cedar Park
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7SF

Ryde House Homes Ltd (Registered number: 05195749)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 327,931 340,025

CURRENT ASSETS
Debtors 5 918,347 921,704
Cash at bank and in hand 26,133 143,449
944,480 1,065,153
CREDITORS
Amounts falling due within one year 6 976,075 960,363
NET CURRENT (LIABILITIES)/ASSETS (31,595 ) 104,790
TOTAL ASSETS LESS CURRENT
LIABILITIES

296,336

444,815

PROVISIONS FOR LIABILITIES 9 44,734 45,467
NET ASSETS 251,602 399,348

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 251,502 399,248
251,602 399,348

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 29 November 2023 and were signed on its behalf by:





Mr J R Clewley - Director


Ryde House Homes Ltd (Registered number: 05195749)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Ryde House Homes Ltd 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 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents income receivable from the provision of accommodation and care to adults with learning disabilities, which is recognised in accordance with the occupation of accommodation. Income is accrued or deferred in line with this policy.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

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.

Ryde House Homes Ltd (Registered number: 05195749)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution scheme. Contributions payable to the pension scheme are charged to the profit and loss account in the period to which they relate.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 270 (2022 - 303 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2022 216,703 463,192 86,728 93,702 860,325
Additions 5,054 51,150 3,495 7,927 67,626
At 28 February 2023 221,757 514,342 90,223 101,629 927,951
DEPRECIATION
At 1 March 2022 164,199 271,579 45,289 39,233 520,300
Charge for year 10,162 45,227 9,807 14,524 79,720
At 28 February 2023 174,361 316,806 55,096 53,757 600,020
NET BOOK VALUE
At 28 February 2023 47,396 197,536 35,127 47,872 327,931
At 28 February 2022 52,504 191,613 41,439 54,469 340,025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 199,434 193,235
Amounts owed by group undertakings 688,181 676,281
Other debtors 30,732 52,188
918,347 921,704

Ryde House Homes Ltd (Registered number: 05195749)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 211,906 181,300
Amounts owed to group undertakings 42,228 41,228
Taxation and social security 133,864 141,447
Other creditors 588,077 596,388
976,075 960,363

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 27,796 12,910
Between one and five years 49,922 22,220
77,718 35,130

8. SECURED DEBTS

There is a cross guarantee and debenture between Ryde House Care Group Limited, Ryde House Homes Limited, RHG Payroll Services Limited and Ryde House Outreach Services Limited created on 20 January 2015.

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 44,734 45,467

Deferred
tax
£   
Balance at 1 March 2022 45,467
Utilised during year (733 )
Balance at 28 February 2023 44,734

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr I M Rodd BSc FCA FCCA (Senior Statutory Auditor)
for and on behalf of Ward Goodman Audit Services Ltd

Ryde House Homes Ltd (Registered number: 05195749)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

11. RELATED PARTY DISCLOSURES

Maximus Support Services Ltd
(1 director with common control)
Support service costs totalling £594,581 were invoiced in the year of which £92,449 was still due at the year end.
Invoices of £10,387 were issued in the year of which £nil was due to be received at the year end.

£2,492 was owed from Maximus Support Services at the year end.

12. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Ryde House Care Group Limited, a company incorporated in England and Wales. Their registered office and principal place of business is Ryde House, Ryde House Drive, Ryde, Isle of Wight PO33 3FE. Consolidated accounts have been prepared and are available from Companies House, Crown Way, Cardiff.