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Registered number: 00520625
Rylestor (Contractors) Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Mostons
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 00520625
2025 2024
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 1,020,000 935,000
1,020,000 935,000
CURRENT ASSETS
Debtors 5 46,155 38,673
Cash at bank and in hand 126,003 126,122
172,158 164,795
Creditors: Amounts Falling Due Within One Year 6 (34,890 ) (35,807 )
NET CURRENT ASSETS (LIABILITIES) 137,268 128,988
TOTAL ASSETS LESS CURRENT LIABILITIES 1,157,268 1,063,988
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (206,216 ) (184,966 )
NET ASSETS 951,052 879,022
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Fair value reserve 10 618,648 599,290
Profit and Loss Account 331,404 278,732
SHAREHOLDERS' FUNDS 951,052 879,022
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For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Steven Carpenter
Director
06/05/2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Rylestor (Contractors) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00520625 . The registered office is Bull Lane, Acton, Nr.Sudbury, West Suffolk, CO10 0BD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
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Page 3
Page 4
4. Investment Property
2025
£
Fair Value
As at 1 March 2024 935,000
Revaluations 85,000
As at 28 February 2025 1,020,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2025 2024
£ £
Cost 195,136 195,136
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 46,155 38,673
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Corporation tax 16,091 13,417
Other creditors - 13
Accruals and deferred income 7,200 7,200
Amounts owed to associates 11,599 15,177
34,890 35,807
7. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Other timing differences 206,216 184,966
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,000 1,000
9. Directors Advances, Credits and Guarantees
Dividends paid to directors
2025 2024
£ £
Mr Steven Carpenter 4,520 4,520
Ms Diane Chapman 6,680 6,680
Mr Walter Carpenter 6,080 6,080
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Page 5
10. Reserves
Fair Value Reserve
£
As at 1 March 2024 599,290
Movements in fair value reserve 19,358
As at 28 February 2025 618,648
11. Related Party Transactions
Other creditors include an amount due to Rylestor Limited of £11,599 (2024 £15,177), a company in which W E Carpenter is a director and shareholder.
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