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REGISTERED NUMBER: 01036016 (England and Wales)


















Strategic Report, Report of the Directors and

Financial Statements

for the Year Ended 31 January 2025

for

Ryan Elizabeth Holdings Limited

Ryan Elizabeth Holdings Limited (Registered number: 01036016)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Strategic Report 2

Report of the Directors 5

Report of the Independent Auditors 7

Statement of Comprehensive Income 9

Balance Sheet 10

Statement of Changes in Equity 11

Notes to the Financial Statements 12


Ryan Elizabeth Holdings Limited

Company Information
for the Year Ended 31 January 2025







DIRECTORS: R W Cattermole
A L Carter
R W Lang



REGISTERED OFFICE: Merchant House
33 Fore Street
Ipswich
Suffolk
IP4 1JL



REGISTERED NUMBER: 01036016 (England and Wales)



SENIOR STATUTORY AUDITOR: Jeffrey Stanley BSc(Econ) FCA



AUDITORS: Xeinadin Audit Limited
Statutory Auditor
Chartered Accountants
Lakeview House
4 Woodbrook Crescent
Billerciay
Essex
CM12 0EQ

Ryan Elizabeth Holdings Limited (Registered number: 01036016)

Strategic Report
for the Year Ended 31 January 2025

The directors present their strategic report for the year ended 31 January 2025.

REVIEW OF BUSINESS
The Residential rental sector (low risk) is expected to remain strong, with the impact of higher interest rates, inflation and reduction of disposable income, affecting affordability for private buyers.

The overall size and diversity of the portfolio has given stability and protection from changes in market values and rents received.

Public Houses / Commercial properties are leased (not managed) which has given us protection from the recruitment challenges experienced in many sectors.

Commercial properties may have to be adapted in some instances i.e., large office buildings, due to the continuing expectation of some for working from home.

The cost-of-living crisis (energy costs etc) has encouraged a generally less transient lifestyle amongst tenants & this has therefore had a positive effect on turnover.

The Directors therefore are confident in anticipating increased levels of activity in the forthcoming year, returning sizeable profits despite ongoing investment and that the Balance sheet net asset position therefore is well protected.

PRINCIPAL RISKS AND UNCERTAINTIES
The company's principal risks and uncertainties are:

- The general economic climate and the ability of tenants to maintain rental agreements.

- Operational risks associated with technology & high profile cyberattacks/ransomware software.

- Recruitment challenges posed in an uncertain employment market.


Ryan Elizabeth Holdings Limited (Registered number: 01036016)

Strategic Report
for the Year Ended 31 January 2025

SECTION 172(1) STATEMENT
The Ryan Elizabeth Board have considered the requirements of Section 172 (1) reporting in the preparation of these financial statements. In making any key decision, the Board will always take into consideration the following factors (amongst others):

a) the likely consequences of any decision in the short, mid, and long term,
b) the interests of the company's employees are measured and considered

c) the need to foster the company's business relationships with suppliers, customers, and any interaction with third party
business partners,
d) the impact of the company's operations on the local community and the general environment,

e) the desirability of the company and its officers maintaining a strong reputation for high standards of business conduct and
ethics,
f) the need to act fairly and without favour, and to be seen to do so, with all employees within the Group of companies.

The Board consider key decisions in the context of the above areas and record how these decisions have been made. Key decisions are defined as those listed as principal Agenda items, at an Board meeting, held from time to time.

The Board meet regularly throughout the year, both in person when appropriate, but also by 'Teams Meeting'. Therefore, all decisions are discussed in depth and considerations and conclusions recorded in the minutes. These decisions are also referenced against the business' codes of conduct and ethics, and in line with the industry recognised Trade Body's guidelines (in accordance with current EU and UK requirements), thus enabling the Directors to comply with their duties under S172 of the Companies Act 2006.

Our People
Our team are critical to the delivery of a positive customer experience across all aspects of our business. This has been recognised for a long period of time but has been brought more into focus because of the pandemic.

The business has significantly increased engagement with team members, through multiple communication channels including adopting new technology platforms to allow staff feedback via the Group HR system that all employees have access to, as well as frequent business updates and regular team meetings. Wherein not only are business decisions influenced, but where the contribution of each team member is recognised and encouraged.

The cascading of business plans and initiatives are tabled, and the increased value of 'listening sessions' are at the forefront to focus on increased health and wellbeing support for team members.

The Group encourages where possible, internal promotions and for staff to move between resorts, which increases an employee's responsibilities and experience alongside enhancing their career.

Our Customers
We recognise that our rental customers have made a substantial financial commitment during their tenure, and we encourage their feedback through exit surveys and online review platforms.

Our Directors
Our Directors have been the owners of the Company and business for over 10 years and their experience and industry knowledge are critical to shaping the future direction of their company. Their views are paramount of importance and value in all decision making. Their initiatives and considerations are tabled to the Board and create the backbone for all future strategic and directional decision making.

Our Suppliers
Our suppliers play a key part in enabling us to deliver a leading level of product and service to our customers. We seek to choose the best products and services to meet our requirements, and then develop effective, long-term relationships with the suppliers to create strong and enduring value over time. We review supplier performance regularly and have a formal cycle of re-tendering key supply contracts in place to ensure that products and services continue to be delivered in line with expectations for both our business and our customers.

We also ensure that all suppliers are engaged in discussing their own corporate and social responsibilities with our management team, on a regular basis, and we seek synergy in their outlook and future planning. We seek to acquire local produce and materials, and have local supplier preference to national contracts, albeit that can in turn mean at a greater cost.

The Broader Community & Environment
The Board and management are committed to ensuring that our operations are an integral part of the communities in which they are sited. We recognise our responsibilities in that regard and seek to ensure that we also support the community by sourcing produce locally and supporting local businesses and charities where appropriate with the general management team encouraged to engage directly with local community needs and local authorities.


Ryan Elizabeth Holdings Limited (Registered number: 01036016)

Strategic Report
for the Year Ended 31 January 2025

The Board are also committed to ensuring that our business closely considers its impact on the environment in all its operations and continues to work closely with local planning authorities as well as environmental agencies and service providers in this regard.

The Board believes culture and ethos to be key in achieving long-term success and growth. Our high standards of business conduct are the direct result of a culture that focuses not only on achieving high levels of performance and maximising efficiency but doing so in a way that is sustainable and reflects our Directors' family values.

FINANCIAL KEY PERFORMANCE INDICATORS
The key financial performance indicators used by the directors are rents received of £1,171,040 (2024: £1,165,440),
operating losses of £648,216 (2024: £7,152) and valuation of investment property of £19,743,450 (2024:
£18,693,700).

ON BEHALF OF THE BOARD:





R W Lang - Director


21 July 2025

Ryan Elizabeth Holdings Limited (Registered number: 01036016)

Report of the Directors
for the Year Ended 31 January 2025

The directors present their report with the financial statements of the company for the year ended 31 January 2025.

DIVIDENDS
No dividends will be distributed for the year ended 31 January 2025.

DIRECTORS
A L Carter has held office during the whole of the period from 1 February 2024 to the date of this report.

Other changes in directors holding office are as follows:

R W Cattermole - appointed 13 January 2025
J Freeman - resigned 11 October 2024
R W Lang - appointed 11 October 2024

FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES
The company aims to minimise financial risk in its operations by the identification and mitigation of key risk areas. The key areas of risk identified by the directors are interest rate risk and liquidity risk.

Where appropriate the directors will consider the fixing of interest rates, otherwise floating rate facilities are generally used.

Liquidity is monitored on a weekly basis by reference to the level of rental income. Periodically the directors prepare profit and cashflow forecasts.

Some items that would otherwise be in the directors report have been covered in the strategic report.

DIRECTORS' RESPONSIBILITIES STATEMENT
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the
financial statements;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Ryan Elizabeth Holdings Limited (Registered number: 01036016)

Report of the Directors
for the Year Ended 31 January 2025


AUDITORS
The auditors, Xeinadin Audit Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





R W Lang - Director


21 July 2025

Report of the Independent Auditors to the Members of
Ryan Elizabeth Holdings Limited

Opinion
We have audited the financial statements of Ryan Elizabeth Holdings Limited (the 'company') for the year ended 31 January 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 January 2025 and of its loss for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Report of the Independent Auditors to the Members of
Ryan Elizabeth Holdings Limited


Responsibilities of directors
As explained more fully in the Directors' Responsibilities Statement set out on page five, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- enquiry of management, those charged with governance and the entity’s solicitors around actual and potential litigation and
claims;
- enquiry of entity staff in tax and compliance functions to identify any instances of non-compliance with laws and regulations;
- reviewing minutes of meetings of those charged with governance;
- reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and
regulations;
- performing audit work over the risk of management override of controls, including testing of journal entries and other
adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of
business and reviewing accounting estimates for bias.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Jeffrey Stanley BSc(Econ) FCA (Senior Statutory Auditor)
for and on behalf of Xeinadin Audit Limited
Statutory Auditor
Chartered Accountants
Lakeview House
4 Woodbrook Crescent
Billerciay
Essex
CM12 0EQ

21 July 2025

Ryan Elizabeth Holdings Limited (Registered number: 01036016)

Statement of Comprehensive
Income
for the Year Ended 31 January 2025

31.1.25 31.1.24
Notes £    £   

TURNOVER 1,344,891 1,391,872

Cost of sales 556,718 217,882
GROSS PROFIT 788,173 1,173,990

Administrative expenses 1,436,389 1,181,142
OPERATING LOSS 4 (648,216 ) (7,152 )

Amounts written off investments 5 (794 ) -
Gain/loss on revaluation of assets (119,750 ) (305,000 )
(120,544 ) (305,000 )
(527,672 ) 297,848

Interest payable and similar expenses 6 96,935 100,552
(LOSS)/PROFIT BEFORE TAXATION (624,607 ) 197,296

Tax on (loss)/profit 7 29,601 53,623
(LOSS)/PROFIT FOR THE FINANCIAL YEAR (654,208 ) 143,673

Ryan Elizabeth Holdings Limited (Registered number: 01036016)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 8 22,247 23,947
Investments 9 2,605 1,811
Investment property 10 19,743,450 18,693,700
19,768,302 18,719,458

CURRENT ASSETS
Debtors 11 6,390,745 7,608,270
Cash at bank and in hand 422,148 396,144
6,812,893 8,004,414
CREDITORS
Amounts falling due within one year 12 2,375,691 2,091,781
NET CURRENT ASSETS 4,437,202 5,912,633
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,205,504

24,632,091

CREDITORS
Amounts falling due after more than one year 13 (2,583,005 ) (2,684,985 )

PROVISIONS FOR LIABILITIES 16 (2,852,458 ) (2,705,996 )
NET ASSETS 18,770,041 19,241,110

CAPITAL AND RESERVES
Called up share capital 17 2,809,322 2,809,322
Share premium 18 52,627 52,627
Fair value reserve 18 12,746,113 12,132,912
Retained earnings 18 3,161,979 4,246,249
SHAREHOLDERS' FUNDS 18,770,041 19,241,110

The financial statements were approved by the Board of Directors and authorised for issue on 21 July 2025 and were signed on its behalf by:





R W Lang - Director


Ryan Elizabeth Holdings Limited (Registered number: 01036016)

Statement of Changes in Equity
for the Year Ended 31 January 2025

Called up Fair
share Retained Share value Total
capital earnings premium reserve equity
£    £    £    £    £   
Balance at 1 February 2023 2,809,322 4,283,379 52,627 11,952,109 19,097,437

Changes in equity
Total comprehensive income - (37,130 ) - 180,803 143,673
Balance at 31 January 2024 2,809,322 4,246,249 52,627 12,132,912 19,241,110

Changes in equity
Total comprehensive income - (1,084,270 ) - 613,201 (471,069 )
Balance at 31 January 2025 2,809,322 3,161,979 52,627 12,746,113 18,770,041

Ryan Elizabeth Holdings Limited (Registered number: 01036016)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Ryan Elizabeth Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows;
the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
the requirement of paragraph 33.7.

Turnover
Turnover is measured at the fair value of the rent and services consideration received or receivable net of VAT and trade discounts.

Where a premium is charged on the granting of a lease such income is taken to the income statement over the expected length of the lease.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% to 25% on reducing balance
Motor vehicles - 10% to 25% on reducing balance
Computer equipment - 10% to 25% on reducing balance

Investment property
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Ryan Elizabeth Holdings Limited (Registered number: 01036016)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

2. ACCOUNTING POLICIES - continued

Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

Investments
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

3. EMPLOYEES AND DIRECTORS
31.1.25 31.1.24
£    £   
Wages and salaries 440,552 392,218
Social security costs 42,305 34,067
Other pension costs 8,809 7,559
491,666 433,844

The average number of employees during the year was as follows:
31.1.25 31.1.24

Administration 14 14

31.1.25 31.1.24
£    £   
Directors' remuneration 145,129 116,851

Other pension costs relate to the defined contribution scheme operated by the company.

4. OPERATING (LOSS)/PROFIT

The operating loss (2024 - operating profit) is stated after charging:

31.1.25 31.1.24
£    £   
Depreciation - owned assets 6,014 6,557
Loss on disposal of fixed assets - 88,107
Auditors' remuneration 35,000 49,500

5. AMOUNTS WRITTEN OFF INVESTMENTS
31.1.25 31.1.24
£    £   
Investments written off (794 ) -

Ryan Elizabeth Holdings Limited (Registered number: 01036016)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

6. INTEREST PAYABLE AND SIMILAR EXPENSES
31.1.25 31.1.24
£    £   
Bank loan interest 96,935 100,509
Interest on overdue tax - 43
96,935 100,552

7. TAXATION

Analysis of the tax charge
The tax charge on the loss for the year was as follows:
31.1.25 31.1.24
£    £   
Deferred tax 29,601 53,623
Tax on (loss)/profit 29,601 53,623

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

31.1.25 31.1.24
£    £   
(Loss)/profit before tax (624,607 ) 197,296
(Loss)/profit multiplied by the standard rate of corporation tax in the UK of 25%
(2024 - 24.030%)

(156,152

)

47,410

Effects of:
Expenses not deductible for tax purposes 39,692 2,637
Utilisation of tax losses - 2,043
in standard rate on deferred
Group relief 146,061 1,533
Total tax charge 29,601 53,623

Ryan Elizabeth Holdings Limited (Registered number: 01036016)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

8. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2024 52,727 37,812 90,625 181,164
Additions - - 4,314 4,314
At 31 January 2025 52,727 37,812 94,939 185,478
DEPRECIATION
At 1 February 2024 48,644 23,683 84,890 157,217
Charge for year 1,021 2,826 2,167 6,014
At 31 January 2025 49,665 26,509 87,057 163,231
NET BOOK VALUE
At 31 January 2025 3,062 11,303 7,882 22,247
At 31 January 2024 4,083 14,129 5,735 23,947

9. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 February 2024 1,811
Revaluations 794
At 31 January 2025 2,605
NET BOOK VALUE
At 31 January 2025 2,605
At 31 January 2024 1,811

Cost or valuation at 31 January 2025 is represented by:

Listed
investments
£   
Valuation in 2025 2,605

If fixed asset investments had not been revalued they would have been included at the following historical cost:

31.1.25 31.1.24
£    £   
Cost 1,038 1,038

Fixed asset investments were valued on a fair value basis basis on 31 January 2025 by A L Carter, a director .

Ryan Elizabeth Holdings Limited (Registered number: 01036016)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

10. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2024 18,693,700
Additions 130,000
Revaluations 119,750
Reclassification/transfer 800,000
At 31 January 2025 19,743,450
NET BOOK VALUE
At 31 January 2025 19,743,450
At 31 January 2024 18,693,700

Included in investment properties are £12,305,000 (2024: £12,265,000) which are pledged as security for liabilities.

Fair value at 31 January 2025 is represented by:
£   
Valuation in 2025 19,743,450

If investment properties had not been revalued they would have been included at the following historical cost:

31.1.25 31.1.24
£    £   
Cost 4,150,439 3,860,439

The investment properties were revalued on a fair value basis by Countrywide, Chartered Surveyors. Approximately one third of properties are revalued as at each balance sheet date. Thus all investment properties are revalued at least once in any three year period. At the year end the director assesses those properties valued in prior years to ensure the value shown has not materially changed.

Revaluation gains of £119,750 (2024: £305,000) have been included in profit and loss for the year and subsequently transferred to the fair value reserve.

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 174,546 171,897
Amounts owed by group undertakings 4,338,269 5,494,429
Amounts owed by related party 1,741,074 1,783,837
VAT 2,107 -
Prepayments and accrued income 134,749 158,107
6,390,745 7,608,270

Ryan Elizabeth Holdings Limited (Registered number: 01036016)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Bank loans and overdrafts (see note 14) 101,980 101,980
Trade creditors 233,114 232,756
Amounts owed to group undertakings 1,666,539 1,530,687
Tax 30,000 30,000
Social security and other taxes 11,491 10,515
VAT - 2,121
Other creditors 9,480 9,629
Amounts owed to related party 12,679 17,605
Accruals and deferred income 310,408 156,488
2,375,691 2,091,781

13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.25 31.1.24
£    £   
Bank loans (see note 14) 2,575,005 2,676,985
Other creditors 8,000 8,000
2,583,005 2,684,985

14. LOANS

An analysis of the maturity of loans is given below:

31.1.25 31.1.24
£    £   
Amounts falling due within one year or on demand:
Bank loans 101,980 101,980

Amounts falling due between one and two years:
Bank loans - 1-2 years 2,575,005 101,980

Amounts falling due between two and five years:
Bank loans - 2-5 years - 2,575,005

Loan has a total balance due at the balance sheet date of £2,676,985 (2024: £2,778,965). The loan term is five years with a maturity date of 29 April 2026. The interest rate applied to the loan is at a margin of 3% fixed for a fixed rate period, changing to a floating rate at the end of this period. The loan is interest only with interest payments made quarterly and a capital repayable at the end of the term. Interest in the year on this loan amounted to £96,935 (2024: £100,509).

15. SECURED DEBTS

The following secured debts are included within creditors:

31.1.25 31.1.24
£    £   
Bank loans 2,676,985 2,778,965

The bank loans are secured on the company's investment properties.

Ryan Elizabeth Holdings Limited (Registered number: 01036016)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

16. PROVISIONS FOR LIABILITIES
31.1.25 31.1.24
£    £   
Deferred tax 2,852,458 2,705,996

Deferred
tax
£   
Balance at 1 February 2024 2,705,996
Provided during year 146,462
Balance at 31 January 2025 2,852,458

17. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.25 31.1.24
value: £    £   
28,093,219 Ordinary £0.10 2,809,322 2,809,322

18. RESERVES
Fair
Retained Share value
earnings premium reserve Totals
£    £    £    £   

At 1 February 2024 4,246,249 52,627 12,132,912 16,431,788
Deficit for the year (654,208 ) - - (654,208 )
Transfers (430,062 ) - 430,062 -
Reclassification - - 183,139 183,139
At 31 January 2025 3,161,979 52,627 12,746,113 15,960,719

Fair value reserve relates to investment property and fixed asset investment revaluations, shown net of deferred tax.

19. RELATED PARTY DISCLOSURES

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.

Other related parties
31.1.25 31.1.24
£    £   
Amount due from related parties 1,741,074 1,769,808
Amount due to related parties 12,679 3,575

During the year, a total of key management personnel compensation of £ 167,962 (2024 - £ 134,803 ) was paid.

20. CONTINGENT LIABILITIES

The company has provided a cross guarantee and debenture to Barclays Bank Plc in respect of a loan provided to its fellow subsidiary undertaking Elizabeth Estates (NWB) Limited. The loan balance outstanding at the year end amounted to £3,912,865 (2024: £4,071,499).

Ryan Elizabeth Holdings Limited (Registered number: 01036016)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

21. PARENT UNDERTAKING

The parent undertaking is Elizabeth Holdings Plc. The parent undertaking shares its registered office with the company.

Copies of the group accounts can be obtained at Companies House, Cardiff, CF14 3UZ.