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REGISTERED NUMBER: 10802501 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Rydal Property Investments Ltd

Rydal Property Investments Ltd (Registered number: 10802501)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rydal Property Investments Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: K Vekaria
V Vekaria





REGISTERED OFFICE: 20 Rydal Gardens
South Kenton
United Kingdom
Middlesex
HA9 8RZ





REGISTERED NUMBER: 10802501 (England and Wales)





ACCOUNTANTS: PHS Accountants Ltd
105a Albemarle Road
Beckenham
Kent
BR3 5HS

Rydal Property Investments Ltd (Registered number: 10802501)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 448,727 531,887

CURRENT ASSETS
Debtors 6 - 79,538
Cash at bank 21,886 31,320
21,886 110,858
CREDITORS
Amounts falling due within one year 7 445,204 464,283
NET CURRENT LIABILITIES (423,318 ) (353,425 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,409

178,462

CREDITORS
Amounts falling due after more than one
year

8

-

159,368
NET ASSETS 25,409 19,094

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 25,309 18,994
25,409 19,094

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

Rydal Property Investments Ltd (Registered number: 10802501)

Balance Sheet - continued
30 June 2024


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 3 October 2024 and were signed on its behalf by:





K Vekaria - Director


Rydal Property Investments Ltd (Registered number: 10802501)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Rydal Property Investments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the recognition of certain financial assets and liabilities measured at fair value.

Turnover
Income is recognised during the year when the company received rent.

Investment property
Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure. Investment properties are measured at fair value. The surplus or deficit arising on the revaluation of investment properties at their fair values are recognised in the income statement.

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Rydal Property Investments Ltd (Registered number: 10802501)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 531,887
Reclassification/transfer (83,160 )
At 30 June 2024 448,727
NET BOOK VALUE
At 30 June 2024 448,727
At 30 June 2023 531,887

The investment property has been valued annually by the directors on an open market existing use basis.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors - 79,538

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Taxation and social security 1,951 3,330
Other creditors 443,253 460,953
445,204 464,283

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans - 159,368

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst - 159,368

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans - 159,368