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REGISTERED NUMBER: 01223273 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

RYLAND DICKSON LIMITED

RYLAND DICKSON LIMITED (REGISTERED NUMBER: 01223273)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RYLAND DICKSON LIMITED

COMPANY INFORMATION
for the year ended 30 November 2023







DIRECTORS: V E Greenlees
J R S Greenlees





SECRETARY: J R S Greenlees





REGISTERED OFFICE: Woodside House
218 London Road
Leicester
LE2 1NE





REGISTERED NUMBER: 01223273 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
Unit 2 Charnwood Edge Business Park
Syston Road, Leicester
LE7 4UZ
Magma Audit LLP is part
Of the Dains Group

RYLAND DICKSON LIMITED (REGISTERED NUMBER: 01223273)

BALANCE SHEET
30 November 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 19,871 19,871
Investment property 6 1,500,000 1,500,000
1,519,871 1,519,871

CURRENT ASSETS
Debtors 7 61,950 245,752
Cash at bank 212,452 297,258
274,402 543,010
CREDITORS
Amounts falling due within one year 8 (284,649 ) (360,739 )
NET CURRENT (LIABILITIES)/ASSETS (10,247 ) 182,271
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,509,624

1,702,142

CREDITORS
Amounts falling due after more than one
year

9

-

(200,000

)

PROVISIONS FOR LIABILITIES (80,855 ) (80,855 )
NET ASSETS 1,428,769 1,421,287

CAPITAL AND RESERVES
Called up share capital 27,977 27,977
Capital redemption reserve 11 15,390 15,390
Retained earnings 11 1,385,402 1,377,920
1,428,769 1,421,287

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

RYLAND DICKSON LIMITED (REGISTERED NUMBER: 01223273)

BALANCE SHEET - continued
30 November 2023


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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:





J R S Greenlees - Director


RYLAND DICKSON LIMITED (REGISTERED NUMBER: 01223273)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 November 2023


1. STATUTORY INFORMATION

Ryland Dickson Limited is a limited company, registered in England and Wales. Its registered office address is and the Woodside House, 218 London Road, Leicester, LE2 1NE registered number is 01223273.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the requirements of the Companies Act 2006. The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value.

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.

Rental income
Rental income is recognised in the period to which it relates.

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

Investments in subsidiaries
Investment in the subsidiaries are held at cost less accumulated impairment losses.

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.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a change attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

RYLAND DICKSON LIMITED (REGISTERED NUMBER: 01223273)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2023


2. ACCOUNTING POLICIES - continued

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

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

Consolidation
The company and its subsidiaries form a small group. The company is therefore not required to produce consolidated financial statements and has not done so. These financial statements present information about the company as a single entity.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 December 2022
and 30 November 2023 2,447
DEPRECIATION
At 1 December 2022
and 30 November 2023 2,447
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

RYLAND DICKSON LIMITED (REGISTERED NUMBER: 01223273)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2023


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 December 2022
and 30 November 2023 1,143,466
PROVISIONS
At 1 December 2022
and 30 November 2023 1,123,595
NET BOOK VALUE
At 30 November 2023 19,871
At 30 November 2022 19,871

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 1,500,000
NET BOOK VALUE
At 30 November 2023 1,500,000
At 30 November 2022 1,500,000

If investment property had not been revalued it would have been included at historical cost of £548,490. The directors consider that the amounts included in the accounts is representative of the property's value at the year end.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings - 182,582
Other debtors 61,950 63,170
61,950 245,752

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 279,539 357,431
Tax 60 -
Other creditors 1,173 615
Accruals and deferred income 3,877 2,693
284,649 360,739

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Directors' loan accounts - 200,000

RYLAND DICKSON LIMITED (REGISTERED NUMBER: 01223273)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2023


10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Directors' loan account - 200,000

11. RESERVES

Included in retained earnings are £898,510 of non-distributable reserves.

12. CONTINGENT LIABILITIES

There is a guarantee in favour of the company's bankers for all and every sum owing at the date of demand given by Gymphlex Limited, Leicester Sports Limited, Grahame Gardner Limited and Ryland Dickson Limited, supported by a fixed and first floating charge over all assets and undertakings of these companies. At 30 November 2023 the contingent liability under this guarantee amounted to £Nil (2022 - £1,346,757).

13. RELATED PARTY TRANSACTIONS

The company has taken advantage of the exemption provided in FRS 102 Section 1A from disclosing transactions with members of the same group that are wholly owned.