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REGISTERED NUMBER: 05768960 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Ryedale Contracts Limited

Ryedale Contracts Limited (Registered number: 05768960)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ryedale Contracts Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: S G Brightmore
Mrs J Brightmore





SECRETARY: Mrs J Brightmore





REGISTERED OFFICE: 30 Yorkersgate
Malton
North Yorkshire
YO17 7AW





REGISTERED NUMBER: 05768960 (England and Wales)





ACCOUNTANTS: Hardcastle France
Chartered Accountants
30 Yorkersgate
Malton
North Yorkshire
YO17 7AW

Ryedale Contracts Limited (Registered number: 05768960)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,608 2,836
Investment property 6 800,000 700,000
801,608 702,836

CURRENT ASSETS
Debtors 7 777 393
Cash at bank and in hand 115,429 101,911
116,206 102,304
CREDITORS
Amounts falling due within one year 8 139,651 125,487
NET CURRENT LIABILITIES (23,445 ) (23,183 )
TOTAL ASSETS LESS CURRENT LIABILITIES 778,163 679,653

PROVISIONS FOR LIABILITIES 79,355 60,572
NET ASSETS 698,808 619,081

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings - not distributable 368,218 287,218
Retained earnings 330,588 331,861
SHAREHOLDERS' FUNDS 698,808 619,081

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

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

Ryedale Contracts Limited (Registered number: 05768960)

Balance Sheet - continued
30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 January 2025 and were signed on its behalf by:





S G Brightmore - Director


Ryedale Contracts Limited (Registered number: 05768960)

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

1. STATUTORY INFORMATION

Ryedale Contracts 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.
Improvements to property - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33.33% on cost

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Ryedale Contracts Limited (Registered number: 05768960)

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

2. ACCOUNTING POLICIES - continued

Foreign currencies
Transactions are accounted for at their sterling equivalent at the time of the transaction. Any gain or loss on exchange has been recognised in the Profit and Loss Account.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 95,000
AMORTISATION
At 1 May 2023
and 30 April 2024 95,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 May 2023
and 30 April 2024 1,971 5,766 3,800 5,160 16,697
DEPRECIATION
At 1 May 2023 1,971 5,218 3,116 3,556 13,861
Charge for year - 82 102 1,044 1,228
At 30 April 2024 1,971 5,300 3,218 4,600 15,089
NET BOOK VALUE
At 30 April 2024 - 466 582 560 1,608
At 30 April 2023 - 548 684 1,604 2,836

Ryedale Contracts Limited (Registered number: 05768960)

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

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 700,000
Revaluations 100,000
At 30 April 2024 800,000
NET BOOK VALUE
At 30 April 2024 800,000
At 30 April 2023 700,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2014 47,453
Valuation in 2015 (142 )
Valuation in 2019 100,000
Valuation in 2023 200,000
Valuation in 2024 100,000
Cost 352,689
800,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 352,689 352,689

Investment property was valued on an open market basis on 30 April 2024 by S G and Mrs J Brightmore, Directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 777 393

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 76 203
Taxation and social security 1,487 712
Other creditors 138,088 124,572
139,651 125,487

Ryedale Contracts Limited (Registered number: 05768960)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary shares £1 2 2

10. RELATED PARTY DISCLOSURES

At 30 April 2024 the company owed £127,786 to the directors (2023: £116,350). Interest has been charged at a commercial rate on this loan. The loan is repayable on demand and has been classified in creditors due within one year.

The directors control the company by virtue of their shareholdings.