2022-12-012023-11-302023-11-30false12339211RYZING 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RYZING LIMITED

Registered Number
12339211
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2023

RYZING LIMITED
Company Information
for the year from 1 December 2022 to 30 November 2023

Director

RIAZ, Y

Registered Address

International House
55 Longsmith Street
Gloucester
GL1 2HT

Registered Number

12339211 (England and Wales)
RYZING LIMITED
Balance Sheet as at
30 November 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Investment property32,130,0002,222,700
2,130,0002,222,700
Current assets
Debtors47,33047,658
47,33047,658
Creditors amounts falling due within one year4(7,020)(5,930)
Net current assets (liabilities)40,31041,728
Total assets less current liabilities2,170,3102,264,428
Creditors amounts falling due after one year5(2,738,699)(2,758,358)
Net assets(568,389)(493,930)
Capital and reserves
Called up share capital11
Profit and loss account(568,390)(493,931)
Shareholders' funds(568,389)(493,930)
The financial statements were approved and authorised for issue by the Director on 29 August 2024, and are signed on its behalf by:
RIAZ, Y
Director
Registered Company No. 12339211
RYZING LIMITED
Notes to the Financial Statements
for the year ended 30 November 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below. (i) Valuation of investment property As described in the notes to the financial statements, the investment properties are stated in the balance sheet at fair value, based on the valuation performed by the director. The director is of the opinion that the year-end valuation is not materially different to current market prices observed.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Investment property
Investment properly is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss. If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.
2.Average number of employees

20232022
Average number of employees during the year11
3.Investment property
The directors consider the investment properties to be stated at fair value as at 30 November 2023. In respect of tangible assets held at valuation, the aggregate cost, depreciation and carrying amount that would have been recognised if the assets had been carried under the historical cost model are: Aggregate cost £2,699,470 (2022: £2,699,470), Aggregate depreciation £nil (2022: £nil) and carrying value £2,699,470 (2022: £2,699,470).

£
Fair value at 01 December 222,222,700
Fair value adjustments(92,700)
At 30 November 232,130,000
4.Creditors: amounts due within one year

2023

2022

££
Taxation and social security253-
Other creditors6,7675,930
Total7,0205,930
5.Creditors: amounts due after one year

2023

2022

££
Other creditors2,738,6992,758,358
Total2,738,6992,758,358
6.Events after reporting date
There were no material events up to the date of approval of the financial statements by the board.
7.Related party transactions
Transactions with directors are under normal market conditions and/or not material.