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REGISTERED NUMBER: 09895771 (England and Wales)












Financial Statements

for the Year Ended 31 December 2023

for

Rydoo Ltd

Rydoo Ltd (Registered number: 09895771)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Rydoo Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: M Vanhoonacker
S F Marchon





SECRETARY: MYUKOFFICE LTD





REGISTERED OFFICE: 8 Northumberland Avenue
London
WC2N 5BY





REGISTERED NUMBER: 09895771 (England and Wales)





AUDITORS: Try Lunn & Co
Chartered Accountants
and Statutory Auditors
Roland House
Princes Dock Street
HULL HU1 2LD

Rydoo Ltd (Registered number: 09895771)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 5 8,655 7,556
Cash at bank 32,876 15,188
41,531 22,744
CREDITORS
Amounts falling due within one year 6 43,413 19,175
NET CURRENT (LIABILITIES)/ASSETS (1,882 ) 3,569
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,882

)

3,569

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings 8 (2,882 ) 2,569
SHAREHOLDERS' FUNDS (1,882 ) 3,569

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 25 September 2024 and were signed on its behalf by:





S F Marchon - Director


Rydoo Ltd (Registered number: 09895771)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Rydoo 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.

The company is dependent on the continued financial support of it's parent company Rydoo NV, a company registered in Belgium, who has agreed to provide such support to Xpenditure Limited The company will be able to meet it's debts as they fall due for the foreseeable future. Accordingly the financial statements have been prepared on the going concern basis.

Taxation
Taxation for the year 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 year 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 year was 2 (2022 - 2 ) .

4. AUDITORS' REMUNERATION
Period
1.9.21
Year Ended to
31.12.23 31.12.22
£    £   
Fees payable to the company's auditors for the audit of the company's
financial statements

880

880

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 8,655 7,556

Rydoo Ltd (Registered number: 09895771)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 6,592 312
Amounts owed to group undertakings 34,898 17,080
Other creditors 1,923 1,783
43,413 19,175

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

8. RESERVES
Retained
earnings
£   

At 1 January 2023 2,569
Deficit for the year (5,451 )
At 31 December 2023 (2,882 )

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Ewart FCA FCCA (Senior Statutory Auditor)
for and on behalf of Try Lunn & Co

10. RELATED PARTY DISCLOSURES

At the balance sheet date an amount of £2,576 (2022 £2,094) was owed to fellow group company Rydoo Mobility Expense Limited.

£5,128 (2022 £14,996) was owed to fellow group company Resort Bidco Limited.

£27,329 (2022 £nil) was owed to fellow group company Resort Topco Limited.

11. ULTIMATE CONTROLLING PARTY

The parent company is Rydoo NV, a company registered in Belgium, who own 100% of the issued share capital.

The ultimate controlling party is Marlin-Rydoo Aggregator LP, a company registered in The Cayman Islands.