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UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

9 NOVEMBER 2022 TO 31 MARCH 2024

FOR

RYEGATE PROPERTIES 8 LTD

RYEGATE PROPERTIES 8 LTD (REGISTERED NUMBER: 14474316)






CONTENTS OF THE FINANCIAL STATEMENTS
for the period 9 November 2022 to 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 5

RYEGATE PROPERTIES 8 LTD

COMPANY INFORMATION
for the period 9 November 2022 to 31 March 2024







DIRECTORS: R J Boulding
M T Boulding Jnr
C W Cancello





REGISTERED OFFICE: 70-72 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BN





REGISTERED NUMBER: 14474316 (England and Wales)





ACCOUNTANTS: Hewitt Card Limited
Chartered Certified Accountants
70-72 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BN

RYEGATE PROPERTIES 8 LTD (REGISTERED NUMBER: 14474316)

BALANCE SHEET
31 March 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 72,762
Investment property 5 1,515,696
1,588,458

CURRENT ASSETS
Cash at bank and in hand 24,798

CREDITORS
Amounts falling due within one year 6 790,159
NET CURRENT LIABILITIES (765,361 )
TOTAL ASSETS LESS CURRENT LIABILITIES 823,097

CREDITORS
Amounts falling due after more than one year 7 800,000
NET ASSETS 23,097

CAPITAL AND RESERVES
Called up share capital 14
Retained earnings 23,083
23,097

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 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.

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 August 2024 and were signed on its behalf by:





R J Boulding - Director


RYEGATE PROPERTIES 8 LTD (REGISTERED NUMBER: 14474316)

NOTES TO THE FINANCIAL STATEMENTS
for the period 9 November 2022 to 31 March 2024

1. STATUTORY INFORMATION

Ryegate Properties 8 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Taxation
Taxation for the period 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 period 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 period was 3 .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 72,762
At 31 March 2024 72,762
NET BOOK VALUE
At 31 March 2024 72,762

RYEGATE PROPERTIES 8 LTD (REGISTERED NUMBER: 14474316)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 9 November 2022 to 31 March 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 1,515,696
At 31 March 2024 1,515,696
NET BOOK VALUE
At 31 March 2024 1,515,696

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed to associates 787,328
Other creditors 2,831
790,159

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Bank loans 800,000

8. RELATED PARTY DISCLOSURES

The company is related to entities under common control, and during the year interest free loans were provided to the company by these entities.

At March 2024 £787,328 was owed to these entities, and is included within creditors.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
RYEGATE PROPERTIES 8 LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ryegate Properties 8 Ltd for the period ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Ryegate Properties 8 Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ryegate Properties 8 Ltd and state those matters that we have agreed to state to the Board of Directors of Ryegate Properties 8 Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ryegate Properties 8 Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ryegate Properties 8 Ltd. You consider that Ryegate Properties 8 Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Ryegate Properties 8 Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Hewitt Card Limited
Chartered Certified Accountants
70-72 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BN


7 August 2024