Acorah Software Products - Accounts Production 16.2.850 false true true 31 December 2023 1 November 2022 false 1 January 2024 31 December 2024 31 December 2024 12946981 Mr Kyle Harris Ryde Studios Ltd (14487196) true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12946981 2023-12-31 12946981 2024-12-31 12946981 2024-01-01 2024-12-31 12946981 frs-core:CurrentFinancialInstruments 2024-12-31 12946981 frs-core:Non-currentFinancialInstruments 2024-12-31 12946981 frs-core:BetweenOneFiveYears 2024-12-31 12946981 frs-core:ComputerEquipment 2024-12-31 12946981 frs-core:ComputerEquipment 2024-01-01 2024-12-31 12946981 frs-core:ComputerEquipment 2023-12-31 12946981 frs-core:FurnitureFittings 2024-12-31 12946981 frs-core:FurnitureFittings 2024-01-01 2024-12-31 12946981 frs-core:FurnitureFittings 2023-12-31 12946981 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 12946981 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 12946981 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 12946981 frs-core:MoreThanFiveYears 2024-12-31 12946981 frs-core:WithinOneYear 2024-12-31 12946981 frs-core:SharePremium 2024-12-31 12946981 frs-core:ShareCapital 2024-12-31 12946981 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 12946981 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12946981 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 12946981 frs-bus:SmallEntities 2024-01-01 2024-12-31 12946981 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12946981 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12946981 1 2024-01-01 2024-12-31 12946981 frs-bus:Director1 2024-01-01 2024-12-31 12946981 frs-core:CurrentFinancialInstruments 9 2024-12-31 12946981 frs-countries:EnglandWales 2024-01-01 2024-12-31 12946981 2022-10-31 12946981 2023-12-31 12946981 2022-11-01 2023-12-31 12946981 frs-core:CurrentFinancialInstruments 2023-12-31 12946981 frs-core:Non-currentFinancialInstruments 2023-12-31 12946981 frs-core:BetweenOneFiveYears 2023-12-31 12946981 frs-core:MoreThanFiveYears 2023-12-31 12946981 frs-core:WithinOneYear 2023-12-31 12946981 frs-core:SharePremium 2023-12-31 12946981 frs-core:ShareCapital 2023-12-31 12946981 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 12946981 frs-core:CurrentFinancialInstruments 9 2023-12-31
Registered number: 12946981
Ryde (Leeds) Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Ryde (Leeds) Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Ryde (Leeds) Limited
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 12946981

| 31 December 2024 | 31 December 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 241,373 |  | 286,160
|  |  | 241,373 |  | 286,160
CURRENT ASSETS
Debtors | 5 | 132,110 |  | 63,141 |
Cash at bank and in hand |  | 17,044 |  | 6,052 |
|  | 149,154 |  | 69,193 |
Creditors: Amounts Falling Due Within One Year | 6 | (57,473 ) |  | (37,494 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 91,681 |  | 31,699
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 333,054 |  | 317,859
Creditors: Amounts Falling Due After More Than One Year | 7 |  | (2,300 ) |  | -
NET ASSETS |  |  | 330,754 |  | 317,859
CAPITAL AND RESERVES
Called up share capital | 9 |  | 230 |  | 230
Share premium account |  |  | 429,771 |  | 429,771
Profit and Loss Account |  |  | (99,247 ) |  | (112,142 )
SHAREHOLDERS' FUNDS |  |  | 330,754 |  | 317,859

Page 1
Page 2
Ryde (Leeds) Limited
Balance Sheet (continued)
As At 31 December 2024
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Kyle Harris Director
08/09/2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Ryde (Leeds) Limited
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Ryde (Leeds) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12946981 . The registered office is Ryde Studios Protection House, 16-17 East Parade, Leeds, LS1 2BH.
Please note the comparative period to this financial year is for the period 16 November 2022 - 31 December 2023 therefore more than 12 months.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold | 10 years straight line
Fixtures & Fittings | 20% Straight Line
Computer Equipment | 25% Straight Line

2.5. Taxation
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.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 7)
5 7
Page 3
Page 4
Ryde (Leeds) Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
4. Tangible Assets

| Land & Property
--- | ---
| Leasehold | Fixtures & Fittings | Computer Equipment | Total
| £ | £ | £ | £
Cost
As at 1 January 2024 | 274,333 | 103,929 | 6,300 | 384,562
Additions | 1,000 | 3,091 | 1,582 | 5,673
As at 31 December 2024 | 275,333 | 107,020 | 7,882 | 390,235
Depreciation
As at 1 January 2024 | 49,012 | 47,261 | 2,129 | 98,402
Provided during the period | 27,500 | 21,253 | 1,707 | 50,460
As at 31 December 2024 | 76,512 | 68,514 | 3,836 | 148,862
Net Book Value
As at 31 December 2024 | 198,821 | 38,506 | 4,046 | 241,373
As at 1 January 2024 | 225,321 | 56,668 | 4,171 | 286,160

5. Debtors

| 31 December 2024 |  | 31 December 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 325 |  | 600
Prepayments and accrued income | 9,904 |  | 9,072
Deferred tax current asset | 20,969 |  | 20,969
Amounts owed by group undertakings | 111,723 |  | 32,500
| 142,921 |  | 63,141
Due after more than one year
Deferred tax current asset | (10,811 ) |  | -
| 132,110 |  | 63,141

6. Creditors: Amounts Falling Due Within One Year

| 31 December 2024 |  | 31 December 2023
--- | --- | --- | ---
| £ |  | £
Trade creditors | 442 |  | 167
Other taxes and social security | 1,755 |  | 1,506
VAT | 16,236 |  | 8,813
Other creditors | 859 |  | -
Deferred Income | 31,022 |  | 22,840
Accruals | 6,392 |  | 4,121
Director's loan account | 47 |  | 47
Amounts owed to group undertakings | 720 |  | -
| 57,473 |  | 37,494

Page 4
Page 5
Ryde (Leeds) Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
7. Creditors: Amounts Falling Due After More Than One Year

| 31 December 2024 |  | 31 December 2023
--- | --- | --- | ---
| £ |  | £
Directors loan account | 2,300 |  | -

8. Deferred Taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in
an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
9. Share Capital

| 31 December 2024 |  | 31 December 2023
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 230 |  | 230

22,960 Ordinary Shares of £0.01 each
10. Other Commitments
As at 31 December 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:

| 31 December 2024 |  | 31 December 2023
--- | --- | --- | ---
| £ |  | £
Not later than one year | 75,000 |  | 57,014
Later than one year and not later than five years | 317,740 |  | 305,288
Later than five years | 196,164 |  | 283,616
| 588,904 |  | 645,918

11. Related Party Transactions
Ryde Studios:
The company is a 100% owned subsidary of Ryde Studios Ltd. At the balance sheet date the amount due from Ryde Studios Ltd was £111,723 (2023: £32,500)
12. Ultimate Controlling Party
The company's ultimate controlling party is Ryde Studios Ltd (14487196) by virtue of his ownership of 100% of the issued share capital in the company.
Page 5