16 November 2022 false No description of principal activity Taxfiler 2024.5 true 14487196business:PrivateLimitedCompanyLtd2022-11-162023-12-31 144871962022-11-15 144871962022-11-162023-12-31 14487196business:AuditExemptWithAccountantsReport2022-11-162023-12-31 14487196business:FilletedAccounts2022-11-162023-12-31 144871962023-12-31 14487196business:Director12022-11-162023-12-31 14487196business:Director22022-11-162023-12-31 14487196business:RegisteredOffice2022-11-162023-12-31 14487196core:WithinOneYear2023-12-31 14487196core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 14487196core:SharePremiumcore:PreviouslyStatedAmount2023-12-31 14487196core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 14487196core:PreviouslyStatedAmount2023-12-31 14487196business:SmallEntities2022-11-162023-12-31 14487196countries:EnglandWales2022-11-162023-12-31 14487196core:AdditionsToInvestments2023-12-31 14487196business:OrdinaryShareClass12022-11-162023-12-31 14487196business:Director112022-11-162023-12-31 14487196business:Director112022-11-15 14487196business:Director112023-12-31 iso4217:GBP xbrli:shares xbrli:pure
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
Page
- 2 -
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
- 3 -
Ryde Studios Ltd Statement of financial position as at 31 December 2023
2023 
Notes
£ 
Fixed assets
Investments
230 
Current assets
Debtors
594,130 
Cash at bank and in hand
56,834 
650,964 
Creditors: amounts falling due within one year
(33,778)
Net current assets
617,186 
Net assets
617,416 
Capital and reserves
Called up share capital
306 
Share premium
662,424 
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
- 4 -
Ryde Studios Ltd Notes to the Accounts for the period from 16 November 2022 to 31 December 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Investments in shares are included at fair value.
Pension costs
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.
Going concern
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.
- 5 -
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
- 
Additions
230 
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.
5
Debtors
2023 
£ 
Amounts falling due within one year
VAT
1,317 
Amounts due from group undertakings etc.
564,614 
Other debtors
28,199 
594,130 
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 
33,778 
7
Share capital
2023 
£ 
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 
- 6 -
Ryde Studios Ltd Notes to the Accounts for the period from 16 November 2022 to 31 December 2023
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Overdrawn Directors Loan Account
- 
699 
- 
699 
- 
699 
- 
699 
9
Average number of employees
During the period the average number of employees was 1.
- 7 -