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REGISTERED NUMBER: 12727580 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

RYEVIEW LIMITED

RYEVIEW LIMITED (REGISTERED NUMBER: 12727580)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


RYEVIEW LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: T Tikari
Mrs N I Tikari





REGISTERED OFFICE: Langley House
Park Road,London
United Kingdom
N2 8EY





REGISTERED NUMBER: 12727580 (England and Wales)





ACCOUNTANTS: Accura Accountants Ltd
Langley House
Park Road
East Finchley
London
N2 8EY

RYEVIEW LIMITED (REGISTERED NUMBER: 12727580)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £   
CURRENT ASSETS
Stocks 995,736 1,834,058
Cash at bank 287,881 49,576
1,283,617 1,883,634
CREDITORS
Amounts falling due within one year 4 340,167 378,665
NET CURRENT ASSETS 943,450 1,504,969
TOTAL ASSETS LESS CURRENT
LIABILITIES

943,450

1,504,969

CREDITORS
Amounts falling due after more than one
year

5

925,297

1,494,504
NET ASSETS 18,153 10,465

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7 18,053 10,365
18,153 10,465

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

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

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 16 April 2025 and were signed on its behalf by:



T Tikari - Director


RYEVIEW LIMITED (REGISTERED NUMBER: 12727580)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

2. EMPLOYEES AND DIRECTORS

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

RYEVIEW LIMITED (REGISTERED NUMBER: 12727580)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 October 2023
and 30 September 2024 705
DEPRECIATION
At 1 October 2023
and 30 September 2024 705
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 2 -
Taxation and social security 3,895 2,473
Other creditors 336,270 376,192
340,167 378,665

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 925,297 1,494,504

6. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank loans 925,297 1,494,504

The bank loan is secured by way of a mortgage charge on the fixed and floating assets of the company.

7. RESERVES
Retained
earnings
£   

At 1 October 2023 10,365
Profit for the year 47,688
Dividends (40,000 )
At 30 September 2024 18,053

RYEVIEW LIMITED (REGISTERED NUMBER: 12727580)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the period by Metropolitan Projects Ltd which held 100% of the issued share capital.