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RYE HOMES LIMITED

Registered Number
07139713
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

RYE HOMES LIMITED
Company Information
for the year from 1 June 2023 to 31 May 2024

Director

SHAFIQ, Sheran

Registered Address

2nd Floor Grove House
55 Lowlands Road
Harrow
HA1 3AW

Registered Number

07139713 (England and Wales)
RYE HOMES LIMITED
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investments3300700
300700
Current assets
Debtors4100,53054,805
Cash at bank and on hand5621,222
101,09256,027
Creditors amounts falling due within one year5(46,374)(24,643)
Net current assets (liabilities)54,71831,384
Total assets less current liabilities55,01832,084
Creditors amounts falling due after one year6(32,811)(38,394)
Net assets22,207(6,310)
Capital and reserves
Called up share capital100100
Profit and loss account22,107(6,410)
Shareholders' funds22,207(6,310)
The financial statements were approved and authorised for issue by the Board of Directors on 15 May 2025, and are signed on its behalf by:
SHAFIQ, Sheran
Director
Registered Company No. 07139713
RYE HOMES LIMITED
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
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 (as applied to small entities by section 1A of the standard).
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year00
3.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 June 23700700
Disposals(400)(400)
At 31 May 24300300
Net book value
At 31 May 24300300
At 31 May 23700700

Notes

1Investments in group undertakings and participating interests
4.Debtors: amounts due within one year

2024

2023

££
Amounts owed by group undertakings59,535-
Other debtors40,99554,805
Total100,53054,805
5.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts5,4435,443
Amounts owed to related parties30,611-
Other creditors9,78019,200
Accrued liabilities and deferred income540-
Total46,37424,643
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts32,81138,394
Total32,81138,394
7.Related party transactions
Amounts owed by group undertakings of £59,535 (2023: Nil) relates to APC Capital 9 Ltd. Amounts owed to related parties includes the following: APC Capital 1 Ltd £29,411 (2023: Nil), APC Capital 6 Ltd £1,200 (2023: Nil). Other creditors of £9,780 (2023: £6,500) relates to Akes Investments Ltd.