Company Registration No. 14487196 (England and Wales)
Ryde Studios Ltd
Unaudited accounts
for the period from 16 November 2022 to 31 December 2023
Ryde Studios Ltd
Unaudited accounts
Contents
Ryde Studios Ltd
Company Information
for the period from 16 November 2022 to 31 December 2023
Directors
Mr Kyle Harris
Mr Richard Flint
Company Number
14487196 (England and Wales)
Registered Office
Protection House
16a East Parade
Leeds
LS1 2BH
Accountants
Sleek Accounting Ltd
107 Kirkgate
Leeds
West Yorkshire
LS1 6DP
Ryde Studios Ltd
Statement of financial position
as at 31 December 2023
Cash at bank and in hand
56,834
Creditors: amounts falling due within one year
(33,778)
Net current assets
617,186
Called up share capital
306
Profit and loss account
(45,314)
Shareholders' funds
617,416
For the period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2024 and were signed on its behalf by
Mr Kyle Harris
Director
Company Registration No. 14487196
Ryde Studios Ltd
Notes to the Accounts
for the period from 16 November 2022 to 31 December 2023
Ryde Studios Ltd is a private company, limited by shares, registered in England and Wales, registration number 14487196. The registered office is Protection House, 16a East Parade, Leeds, LS1 2BH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments in shares are included at fair value.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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.
Ryde Studios Ltd
Notes to the Accounts
for the period from 16 November 2022 to 31 December 2023
4
Investments
Subsidiary undertakings
Valuation at 16 November 2022
-
Valuation at 31 December 2023
230
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Ryde (Leeds) Limited, a company registered in England & Wales.
The registered office of the above entity is Ryde Studios Protection House, 16-17 East Parade, Leeds, England, LS1 2BH.
100% of the voting rights and shares are held.
The principal activity of Ryde (Leeds) Limited is fitness facilities.
Ryde (Manchester) Limited, a company registered in England & Wales.
The registered office of the above entity is Protection House, 16a East Parade, Leeds, England, LS1 2BH.
100% of the voting rights and shares are held.
The principal activity of Ryde (Manchester) Limited is fitness facilities.
Ryde Retreats Limited, a company registered in England & Wales.
The registered office of the above entity is 16a East Parade, Leeds, West Yorkshire, United Kingdom, LS1 2BH.
100% of the voting rights and shares are held.
The principal activity of Ryde Retreats Limited is fitness facilities.
Amounts falling due within one year
Amounts due from group undertakings etc.
564,614
6
Creditors: amounts falling due within one year
2023
Amounts owed to group undertakings and other participating interests
32,500
Taxes and social security
1,278
Allotted, called up and fully paid:
305,655 Ordinary shares of £0.001 each
305.65
Shares issued during the period:
305,655 Ordinary shares of £0.001 each
305.65
Ryde Studios Ltd
Notes to the Accounts
for the period from 16 November 2022 to 31 December 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Overdrawn Directors Loan Account
-
699
-
699
9
Average number of employees
During the period the average number of employees was 1.