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REGISTERED NUMBER: 07106610 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

RYEDALE ESTATES LIMITED

RYEDALE ESTATES LIMITED (REGISTERED NUMBER: 07106610)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RYEDALE ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: D Rhodes
S D Rhodes
L Rhodes





SECRETARY: Endeavour Secretary Limited





REGISTERED OFFICE: First Floor
Unit 4
Broadfield Court
Sheffield
South Yorkshire
S8 0XF





REGISTERED NUMBER: 07106610 (England and Wales)





ACCOUNTANTS: Marriott Gibbs Rees Wallis Limited
Chartered Certified Accountants
First Floor
Unit 4, Broadfield Court
Sheffield
South Yorkshire
S8 0XF

RYEDALE ESTATES LIMITED (REGISTERED NUMBER: 07106610)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 109,359 119,982
Investment property 5 4,812,000 4,790,000
4,921,359 4,909,982

CURRENT ASSETS
Stocks 6,541,635 6,537,304
Debtors 6 524,445 543,144
Cash at bank and in hand 788,087 3,742,401
7,854,167 10,822,849
CREDITORS
Amounts falling due within one year 7 1,274,744 5,029,285
NET CURRENT ASSETS 6,579,423 5,793,564
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,500,782

10,703,546

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 136,899 566,699
Retained earnings 8 11,363,783 10,136,747
11,500,782 10,703,546

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 ESTATES LIMITED (REGISTERED NUMBER: 07106610)

BALANCE SHEET - continued
31 DECEMBER 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 March 2025 and were signed on its behalf by:





D Rhodes - Director


RYEDALE ESTATES LIMITED (REGISTERED NUMBER: 07106610)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Ryedale Estates 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.

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


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.

Significant judgements and estimates
The director has made key assumptions in the determination of the fair value of investment property in respect of the state of the property market in the location where the property is situated and in respect of the range of reasonable fair value estimates of the asset. The valuation of the property at the reporting date is stated in the notes to the accounts

Turnover
Turnover consists of rental income receivable on property investments, and in respect of the sale of property developments, exclusive of VAT.

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 - 15% on cost
Computer equipment - 33% on cost

Investment property
Investment property is shown at fair value at each reporting date with changes in fair value recognised in profit or loss.

Work in progress
Stocks comprise of property developments in progress and completed property developments held for sale. These are stated at cost less, if appropriate, foreseeable losses. No account has been taken in the financial statements of the potential additional investment values of the projects when completed.

Rental income and lease premiums receivable attributable to completed properties held for sale are credited to the profit and loss account in the period in which they arise.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


RYEDALE ESTATES LIMITED (REGISTERED NUMBER: 07106610)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
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 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 January 2023 147,085 7,166 154,251
Additions 10,000 3,978 13,978
Disposals - (2,690 ) (2,690 )
At 31 December 2023 157,085 8,454 165,539
Depreciation
At 1 January 2023 28,762 5,507 34,269
Charge for year 22,813 1,788 24,601
Eliminated on disposal - (2,690 ) (2,690 )
At 31 December 2023 51,575 4,605 56,180
Net book value
At 31 December 2023 105,510 3,849 109,359
At 31 December 2022 118,323 1,659 119,982

5. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 January 2023 4,790,000
Disposals (48,200 )
Revaluations 70,200
At 31 December 2023 4,812,000
Net book value
At 31 December 2023 4,812,000
At 31 December 2022 4,790,000

RYEDALE ESTATES LIMITED (REGISTERED NUMBER: 07106610)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. INVESTMENT PROPERTY - continued

The investment property class of fixed assets was revalued on 31 December 2023 by D Rhodes, a professionally qualified valuer, who is internal to the company. The basis of this valuation was on an open market basis. This class of assets has a current value of £4,812,000 (2022 - £4,790,000) and a carrying amount at historical cost of £4,710,060 (2022 - £4,758,260). The depreciation on historical cost is £nil (2022 - £nil).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 135,699 194,365
Other debtors 388,746 348,779
524,445 543,144

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 133,236 180,383
Taxation and social security 583,935 304,623
Other creditors 557,573 4,544,279
1,274,744 5,029,285

8. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 January 2023 10,136,747 566,699 10,703,446
Profit for the year 797,236 797,236
Reserve transfer - revaluation 429,800 (429,800 ) -
At 31 December 2023 11,363,783 136,899 11,500,682

9. RELATED PARTY DISCLOSURES

The directors and other family members have provided unsecured interest free loans to the company. At the balance sheet date they were owed £512,339 (2022 - £4,529,279) .These loans are repayable on demand.