| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 |
| FOR |
| RYCO LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 |
| FOR |
| RYCO LIMITED |
| RYCO LIMITED (REGISTERED NUMBER: 01087581) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| RYCO LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Orbit Business Centre |
| Merthyr Tydfil |
| CF48 1DL |
| RYCO LIMITED (REGISTERED NUMBER: 01087581) |
| BALANCE SHEET |
| 31 MARCH 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Investments | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair Value Reserve | 8 |
| Capital redemption reserve | 8 |
| Retained earnings | 8 |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| RYCO LIMITED (REGISTERED NUMBER: 01087581) |
| BALANCE SHEET - continued |
| 31 MARCH 2025 |
| The financial statements were approved by the director and authorised for issue on |
| RYCO LIMITED (REGISTERED NUMBER: 01087581) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 1. | STATUTORY INFORMATION |
| Ryco Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| Investments |
| Current asset investments are at the lower of cost and net realisable value. Investment Property is valued at open market value. The properties were purchased in March 2000, October 2000, March 2001, February 2003, August 2005, October 2009 and most recently in April 2015 and the costs represent the open market value. No depreciation is charged on investment properties as they are included at open market value. Initial revaluations were carried out by T L Davies ANAEA on 20th February 2003. A second revaluation was undertaken on the 11th July 2014 and was carried out by Nicholas Michael estate agents. The House price index has been used since 11 July 2014 to provide an up to date valuation on all properties as at 31 March 2017, 31 March 2018, 31 March 2019, 31 March 2020, 31 March 2021, 31 March 2022, 31 March 2023, 31 March 2024 and at 31 March 2025.. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2024 - NIL). |
| RYCO LIMITED (REGISTERED NUMBER: 01087581) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Freehold | and |
| property | fittings | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 April 2024 |
| Revaluations |
| At 31 March 2025 |
| DEPRECIATION |
| At 1 April 2024 |
| Charge for year |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| The freehold property figure consists of properties that were revalued in 2003 , 2014, 2017, 2018 , 2019 , 2020, 2021, 2022, 2023, 2024 and most recently in 2025. |
| Cost or valuation at 31 March 2025 is represented by: |
| Fixtures |
| Freehold | and |
| property | fittings | Totals |
| £ | £ | £ |
| Valuation in 2020 | 488,985 | - | 488,985 |
| Valuation in 2021 | 155,405 | - | 155,405 |
| Valuation in 2022 | 183,476 | - | 183,476 |
| Valuation in 2023 | 84,079 | - | 84,079 |
| Valuation in 2024 | 23,864 | - | 23,864 |
| Valuation in 2025 | 66,945 | - | 66,945 |
| Cost | 923,785 | 4,520 | 928,305 |
| 1,926,539 | 4,520 | 1,931,059 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| 6. | CURRENT ASSET INVESTMENTS |
| 2025 | 2024 |
| £ | £ |
| Unit Trust | 58,833 | 56,551 |
| RYCO LIMITED (REGISTERED NUMBER: 01087581) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Taxation and social security |
| Other creditors |
| 8. | RESERVES |
| Fair | Capital |
| Retained | Value | redemption |
| earnings | Reserve | reserve | Totals |
| £ | £ | £ | £ |
| At 1 April 2024 | 1,852,954 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| Deferred tax | 13,389 | (13,389 | ) | - | - |
| Fair value gain/loss | (66,945 | ) | 66,945 | - | - |
| At 31 March 2025 | 1,941,554 |
| 9. | CONTROLLING PARTY |
| The controlling party is S D Lang. |