REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 29 APRIL 2023 |
FOR |
RYLAND PROPERTY DEVELOPMENT LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 29 APRIL 2023 |
FOR |
RYLAND PROPERTY DEVELOPMENT LTD |
RYLAND PROPERTY DEVELOPMENT LTD (REGISTERED NUMBER: 10125709) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 29 April 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
RYLAND PROPERTY DEVELOPMENT LTD |
COMPANY INFORMATION |
for the Year Ended 29 April 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Beckside Court |
Annie Reed Road |
Beverley |
East Yorkshire |
HU17 0LF |
RYLAND PROPERTY DEVELOPMENT LTD (REGISTERED NUMBER: 10125709) |
BALANCE SHEET |
29 April 2023 |
2023 | 2022 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
The financial statements were approved by the Board of Directors and authorised for issue on |
RYLAND PROPERTY DEVELOPMENT LTD (REGISTERED NUMBER: 10125709) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 29 April 2023 |
1. | STATUTORY INFORMATION |
Ryland Property Developments Limited is a private company, limited by shares, registered in England. The company's registered office is at Beckside Court, Annie Reed Road, Beverley, East Yorkshire, HU17 0LF, England. The company has its principal place of business at 23 Williamson Road, Whaley Bridge, Derbyshire, SK23 7AW. The registered number of the entity is 10125709. |
The principal activity of the company is property redevelopment. |
The financial statements are presented in the Pound Sterling as this is the functional currency of the entity. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
At the balance sheet date, the company's net current liabilities exceeded its net current assets. The company has received assurance from the directors that they will continue to give financial support to the company. |
On this basis the directors considers it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of the assets to their realisable amount and to provide for any further liabilities which might arise. The accounts do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
RYLAND PROPERTY DEVELOPMENT LTD (REGISTERED NUMBER: 10125709) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 29 April 2023 |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Other debtors |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
6. | RELATED PARTY DISCLOSURES |
At the year end, the balance due to the director was £137,355 (2022: £111,071). The loan is repayable on demand and does not attract interest. |
Although the loan is repayable on demand the director has confirmed that they will not demand repayment until there are sufficient funds available . On this basis the directors have prepared the accounts on a going concern basis. |
7. | ULTIMATE CONTROLLING PARTY |
The controlling party is Mrs R H Simpson. |