Registered number
03884617
Ryhay Investments Limited
Report and Accounts
31 December 2024
.
Ryhay Investments Limited
Registered number: 03884617
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,221,499 1,222,485
Investments 4 508,987 849,760
1,730,486 2,072,245
Current assets
Debtors 5 - 718
Investments held as current assets 31,005 49,515
Cash at bank and in hand 5,707 22,140
36,712 72,373
Creditors: amounts falling due within one year 6 (1,172,692) (1,247,998)
Net current liabilities (1,135,980) (1,175,625)
Total assets less current liabilities 594,506 896,620
Creditors: amounts falling due after more than one year 7 (353,100) (707,100)
Provisions for liabilities (9,513) (9,523)
Net assets 231,893 179,997
Capital and reserves
Called up share capital 140 140
Revaluation reserve 8 46,180 46,180
Profit and loss account 185,573 133,677
Shareholders' funds 231,893 179,997
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G W Davis
Director
Approved by the board on 20 March 2025
Ryhay Investments Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings Nil
Plant and machinery 20% reducing balance
Motor vehicles 25% reducing balance
Investments
Investments in quoted and unquoted equity instruments are measured at cost. Changes in fair value are recognised on disposal as a profit or loss.
Current investment
Current Investments are valued at cost, gains and losses are recognised on disposal in the profit and loss account.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2024 1,218,544 6,228 5,495 1,230,267
At 31 December 2024 1,218,544 6,228 5,495 1,230,267
Depreciation
At 1 January 2024 - 4,605 3,177 7,782
Charge for the year - 406 580 986
At 31 December 2024 - 5,011 3,757 8,768
Net book value
At 31 December 2024 1,218,544 1,217 1,738 1,221,499
At 31 December 2023 1,218,544 1,623 2,318 1,222,485
4 Investments
Investments in
subsidiary
undertakings
£
At 1 January 2024 849,760
Investment write down (340,773)
At 31 December 2024 508,987
The company holds 100% of the share capital of G&M Meal Solutions Ltd and Reddingford Ltd.
5 Debtors 2024 2023
£ £
Other debtors - 718
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4,000 4,000
Trade creditors 376 582
Amounts owed to group undertakings and undertakings in which the company has a participating interest 42,719 24,904
Corporation tax 8,392 -
Other taxes and social security costs 1,500 2,201
Other creditors 1,115,705 1,216,311
1,172,692 1,247,998
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 2,000 6,000
Amounts owed to group undertakings and undertakings in which the company has a participating interest 250,000 600,000
Other creditors 101,100 101,100
353,100 707,100
8 Revaluation reserve 2024 2023
£ £
At 1 January 2024 46,180 46,180
At 31 December 2024 46,180 46,180
The property at Two Gates Lane, Halesowen was revalued to reflect the market value.
9 Related party transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose related party transactions with wholly owned subsidiaries within the group.
10 Controlling party
The company is controlled by its R Davis, H Panayi and their respective families.
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