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REGISTERED NUMBER: 08441048 (England and Wales)
















RIDER HUNT (NEWCASTLE) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






RIDER HUNT (NEWCASTLE) LIMITED (REGISTERED NUMBER: 08441048)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RIDER HUNT (NEWCASTLE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: C Beeby
A Dawson





SECRETARY: A Dawson





REGISTERED OFFICE: 6 Berrymoor Court
Northumberland Business Park
Newcastle upon Tyne
NE23 7RZ





REGISTERED NUMBER: 08441048 (England and Wales)





ACCOUNTANTS: UHY BPR Heaton
Chartered Accountants
Glenewes House
Gate Way Drive
Leeds
West Yorkshire
LS19 7XY

RIDER HUNT (NEWCASTLE) LIMITED (REGISTERED NUMBER: 08441048)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 40,000 50,000
Tangible assets 5 72,988 92,244
112,988 142,244

CURRENT ASSETS
Debtors 6 266,418 214,491
Cash at bank 362,506 406,323
628,924 620,814
CREDITORS
Amounts falling due within one year 7 130,963 166,044
NET CURRENT ASSETS 497,961 454,770
TOTAL ASSETS LESS CURRENT
LIABILITIES

610,949

597,014

CREDITORS
Amounts falling due after more than one
year

8

(207,981

)

(199,436

)

PROVISIONS FOR LIABILITIES (3,735 ) (5,363 )
NET ASSETS 399,233 392,215

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 399,133 392,115
SHAREHOLDERS' FUNDS 399,233 392,215

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

RIDER HUNT (NEWCASTLE) LIMITED (REGISTERED NUMBER: 08441048)

BALANCE SHEET - continued
31 MARCH 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 21 November 2024 and were signed on its behalf by:





C Beeby - Director


RIDER HUNT (NEWCASTLE) LIMITED (REGISTERED NUMBER: 08441048)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Rider Hunt (Newcastle) Limited 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 financial statements are presented in sterling which is the functional currency of the company rounded to the nearest pound (£).

Turnover
Revenue represents the fair value of consideration receivable in respect of professional services
provided during the year where the right to consideration has been obtained through performance.
Invoices raised but unpaid at the balance sheet date are shown in 'Trade debtors'. Provision has
been made for amounts considered to be irrecoverable.

Goodwill
Goodwill, being the amount paid in connection with the aquisition of a business in 2013, is being amortised evenly over its estimated useful life of fifteen years, this is a reduction from the original estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on cost and 20% on reducing balance

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial assets and liabilities are initially measured at the transaction price, except for those financial assets classified as at fair value through profit or loss.

Basic financial instruments
Basic financial instruments are those with relatively straight forward terms and would normally include cash, bank balances, trade debtors, trade creditors and uncomplicated bank loans.

Where the arrangement does not constitute a financing transaction, e.g trade debtors on normal commercial terms, the debtor will be valued initially at transaction price (i.e. cost) and subsequently at transaction price less impairment (if any) due to concerns over recoverability.


RIDER HUNT (NEWCASTLE) LIMITED (REGISTERED NUMBER: 08441048)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 April 2023
and 31 March 2024 150,000
AMORTISATION
At 1 April 2023 100,000
Charge for year 10,000
At 31 March 2024 110,000
NET BOOK VALUE
At 31 March 2024 40,000
At 31 March 2023 50,000

RIDER HUNT (NEWCASTLE) LIMITED (REGISTERED NUMBER: 08441048)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 April 2023
and 31 March 2024 124,907
DEPRECIATION
At 1 April 2023 32,663
Charge for year 19,256
At 31 March 2024 51,919
NET BOOK VALUE
At 31 March 2024 72,988
At 31 March 2023 92,244

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 146,258 25,708
Other debtors 120,160 188,783
266,418 214,491

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 9,653 13,379
Taxation and social security 53,419 57,114
Other creditors 67,891 95,551
130,963 166,044

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Other creditors 207,981 199,436

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 24,257 24,257
Between one and five years 77,324 86,081
In more than five years 12,917 28,417
114,498 138,755