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RIDING PROPERTIES LIMITED

Registered Number
00958654
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2024

RIDING PROPERTIES LIMITED
Company Information
for the year from 1 August 2023 to 31 July 2024

Directors

BUNTING, Sarah Louise
GAUNT, John

Company Secretary

GAUNT, John

Registered Address

Cape Industrial Estate Coal Hill Lane
Coal Hill Lane
Farsley
LS28 5NA

Registered Number

00958654 (England and Wales)
RIDING PROPERTIES LIMITED
Statement of Financial Position
31 July 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets38,94310,320
Investments551,23348,369
Investment property44,250,0004,250,000
4,310,1764,308,689
Current assets
Debtors694,17077,178
Cash at bank and on hand1,153,1771,030,108
1,247,3471,107,286
Creditors amounts falling due within one year7(199,063)(203,952)
Net current assets (liabilities)1,048,284903,334
Total assets less current liabilities5,358,4605,212,023
Provisions for liabilities8(646,361)(646,361)
Net assets4,712,0994,565,662
Capital and reserves
Called up share capital1,2001,200
Other reserves2,639,7872,639,787
Profit and loss account2,071,1121,924,675
Shareholders' funds104,712,0994,565,662
The financial statements were approved and authorised for issue by the Board of Directors on 3 June 2025, and are signed on its behalf by:
GAUNT, John
Director
Registered Company No. 00958654
RIDING PROPERTIES LIMITED
Notes to the Financial Statements
for the year ended 31 July 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 financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
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/or the 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.
Employee benefits
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Fixtures and fittings15
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 Income Statement.
Investment property
Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate. These values are adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement.
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Fixtures & fittings

Total

££
Cost or valuation
At 01 August 2349,65249,652
Additions188188
At 31 July 2449,84049,840
Depreciation and impairment
At 01 August 2339,33239,332
Charge for year1,5651,565
At 31 July 2440,89740,897
Net book value
At 31 July 248,9438,943
At 31 July 2310,32010,320
4.Investment property
The historical cost of the property is £966,588 (2023: £966,588). The 2024 valuations were made by the directors at fair value, on an open market value for existing use basis.

£
Fair value at 01 August 234,250,000
At 31 July 244,250,000
5.Fixed asset investments

Other investments1

Total

££
Cost or valuation
At 01 August 2348,36948,369
Additions2,8642,864
At 31 July 2451,23351,233
Net book value
At 31 July 2451,23351,233
At 31 July 2348,36948,369

Notes

1Other investments other than loans
6.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables93,06476,192
Prepayments and accrued income1,106986
Total94,17077,178
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad or doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables12,59228,903
Taxation and social security66,30556,333
Other creditors95,56694,316
Accrued liabilities and deferred income24,60024,400
Total199,063203,952
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)646,361646,361
Total646,361646,361
9.Pension commitments
The pension cost charge represents contributions payable by the company to the fund and amounted to £30,000 (2023: £30,000).
10.Fair value reserve
Included in other reserves at 31 July 2024 are investment property reserves. These reserves are not available for distribution to shareholders.

£
Fair value reserve at 01 August 232,639,787
At 31 July 242,639,787
11.Related party transactions
On 1st August 2023 the company owed the Director’s £94,316. During the period the directors were repaid £Nil and advanced a further £1,250. At 31st July 2024 the company owed the Directors’ £95,566. No interest was charged on this loan and the loan is repayable on demand.
12.Further information regarding the company's financial position
During the year dividends were paid of £30,000 (2023: £30,000).